306, The Polo Residences B2
Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 306, The Polo Residences B2
What is 306 worth today?
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Source: Dubai Land Department. Updated 6 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 826 sqft
- Floor
- 3rd of 4
- Parking
- G-18
- Developer
- IGO Property Development
- Completed
- 2017
- Service charge
- AED 12,300 /yr
- Last sold
- AED 1.09M · December 2014
- Building
- The Polo Residences B2
About 306, The Polo Residences B2
306 is a one-bedroom apartment of 826 sqft on the 3rd floor of The Polo Residences B2, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. The developer sold it on 14 December 2014 for AED 1,091,421, or AED 1,321 per sqft, in line with the AED 1,335 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, signed on 6 May 2024, is AED 76,000 a year: a gross yield of 7.0% on the 2014 price, before the service charge of about AED 12,300 a year.
Sales and rents for 306 over time
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Polo Residences B2, and where 306 sits
All 15 1-beds →306 last sold in December 2014 at AED 1,321 per sqft, in line with what one-beds in The Polo Residences B2 were fetching at the time (AED 1,335). 306's AED 76,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Dec 201414 December 2014 | 814 sqft | 1,091,670 | 1,341 | ||
| 14 Dec 201414 December 2014 | 821 sqft | 1,091,421 | 1,330 | ||
| 14 Dec 201414 December 2014 | 814 sqft | 1,091,670 | 1,341 | ||
| 14 Dec 201414 December 2014 | 814 sqft | 1,091,670 | 1,341 |
The Polo Residences B2
Building31 apartments, 1-bed to 2-bed over 4 floors in Meydan City, completed in 2017 by IGO Property Development. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 75K /yr
- Typical yield
Other units on the 3rd floor
All 31 units in The Polo Residences B2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 814 sqft | AED 1.09MAED 1,091,670 · Dec 2014December 2014 | 65,000 /yr | |
| 302 | 2-bed | 1,535 sqft | AED 2.05MAED 2,053,070 · Dec 2014December 2014 | 152,250 /yr | |
| 303 | 2-bed | 1,534 sqft | AED 2.02MAED 2,023,654 · Oct 2014October 2014 | 120,000 /yr | |
| 304 | 1-bed | 821 sqft | AED 1.1MAED 1,095,921 · Dec 2014December 2014 | 80,000 /yr | |
| 305 | 1-bed | 821 sqft | AED 1.09MAED 1,091,421 · Dec 2014December 2014 | 78,000 /yr | |
| 307 | 2-bed | 1,534 sqft | AED 1.73MAED 1,725,000 · Mar 2023March 2023 | 140,000 /yr | |
| 308 | 2-bed | 1,494 sqft | AED 1.6MAED 1,600,000 · Jan 2020January 2020 | 75,000 /yr | |
| 309 | 1-bed | 814 sqft | AED 1.09MAED 1,091,670 · Dec 2014December 2014 | 68,000 /yr |
306, The Polo Residences B2 in numbers
- Sold once: by IGO Property Development on 14 December 2014 for AED 1,091,421, or AED 1,321 per sqft.
- Rented since September 2017 on 9 Ejari contracts. The rent fell from AED 75,000 to AED 53,000 in 2021 and recovered to AED 76,000 by May 2024.
- At AED 76,000 a year the gross yield on the 2014 price is 7.0%, before a service charge of about AED 12,300 a year (AED 14.89 per sqft).
Source: Dubai Land Department. Updated 6 May 2024.
Questions about 306, The Polo Residences B2
What did unit 306 last sell for?
AED 1,091,421 on 14 December 2014, sold by the developer: AED 1,321 per sqft for 826 sqft. It is the only registered sale of the unit.
What is the rent for unit 306?
AED 76,000 a year on the contract signed on 6 May 2024. The previous contract, from April 2023, was AED 72,000; the unit has been rented since September 2017.
How big is unit 306?
826 sqft (76.7 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2017.
What is unit 306 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 306, The Polo Residences B2
Starts from the last sale price (AED 1.09M, 14 December 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,091,421
- Deposit, UAE resident (20%)
- AED 218,284
- Deposit, non-resident (40%)
- AED 436,568
- Monthly over 25 years at 3.7%
- AED 4,465
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →