2-bed · 1,533 sqftThe Polo Residences B3, Meydan City · 1st floor · completed 2017

103, The Polo Residences B3

Sold prices and rental history: sold twice, last in May 2021, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 103 · DLD and Ejari recordsUpdated 27 May 2021
Last soldAED 1.5M27 May 2021
Current rentAED 105K /yr7 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 103, The Polo Residences B3

What is 103 worth today?

Last sold for AED 1,500,000 in 2021

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27 May 2021SoldReady
AED 1,500,000AED 978 per sqft
7 Sep 2019RentedRenewal
AED 105,000/yr12 months · AED 69 per sqft
8 Sep 2018RentedRenewal
AED 105,283/yr12 months · AED 69 per sqft
8 Sep 2017RentedNew contract
AED 125,000/yr12 months · AED 82 per sqft
15 Oct 2014Sold by developerOff-plan
AED 2,036,125AED 1,327 per sqft

Source: Dubai Land Department. Updated 27 May 2021.

Key facts

Type
2-bed apartment
Size
1,533 sqft
Floor
1st of 4
Parking
G-15
Developer
IGO Property Development
Completed
2017
Service charge
AED 23,400 /yr
Last sold
AED 1.5M · May 2021

About 103, The Polo Residences B3

103 is a two-bedroom apartment of 1,533 sqft on the 1st floor of The Polo Residences B3, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 27 May 2021 for AED 1,500,000, or AED 978 per sqft.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 7 September 2019, is AED 105,000 a year: a gross yield of 7.0% on the 2021 price, before the service charge of about AED 23,400 a year.

Sales and rents for 103 over time

Sales
Unit 103, each saleTypical two-bed in The Polo Residences B3
1.5M1.75M2M2014201620182020Typical sale price by year: 2014 AED 2,047,438; 2017 AED 1,754,566Sold by developer, October 2014: AED 2,036,125 (AED 1,327 per sqft)Sold, May 2021: AED 1,500,000 (AED 978 per sqft)

103 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 103, each contractTypical two-bed in The Polo Residences B3
100K150K2017202020232026Typical rent by year: 2017 AED 120,000; 2018 AED 110,000; 2019 AED 102,500; 2020 AED 90,000; 2021 AED 94,500; 2022 AED 120,000; 2023 AED 130,000; 2024 AED 145,000; 2025 AED 172,500New contract, September 2017: AED 125,000 a yearRenewal, September 2018: AED 105,283 a yearRenewal, September 2019: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Polo Residences B3, and where 103 sits

All 16 2-beds →

103's AED 105,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Aug 20252,450,000
29 May 20252,500,000
17 Oct 20242,600,000
17 Sep 20243,100,000
0 2-bed sales in the last 12 months

The Polo Residences B3

Building

31 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 70K /yr
Typical yield
The Polo Residences B3, Meydan City: prices, sales and rents →

Other units on the 1st floor

All 31 units in The Polo Residences B3
Value
1011-bedAED 1.09M · Dec 2014
1022-bedAED 1.75M · Sep 2023
1041-bedAED 1.1M · Dec 2014
1051-bedAED 1.09M · Dec 2014
1061-bedAED 1.09M · Dec 2014
1072-bedAED 1.75M · Jul 2017
1082-bedAED 1.75M · Apr 2017
1–7 of 8

103, The Polo Residences B3 in numbers

  • Sold twice: first on 15 October 2014 for AED 2,036,125, last on 27 May 2021 for AED 1,500,000 (AED 978 per sqft).
  • Rented since September 2017 on 3 Ejari contracts, from AED 125,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2021 price is 7.0%, before a service charge of about AED 23,400 a year (AED 15.29 per sqft).

Source: Dubai Land Department. Updated 27 May 2021.

Questions about 103, The Polo Residences B3

What did unit 103 last sell for?

AED 1,500,000 on 27 May 2021: AED 978 per sqft for 1,533 sqft. The unit has 2 registered sales; the first was AED 2,036,125 in October 2014.

What is the rent for unit 103?

AED 105,000 a year on the contract renewed on 7 September 2019. The previous contract, from September 2018, was AED 105,283; the unit has been rented since September 2017.

How big is unit 103?

1,533 sqft (142.4 sqm): a two-bedroom apartment on the 1st floor of a 4-storey tower completed in 2017.

What is unit 103 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 103, The Polo Residences B3

Starts from the last sale price (AED 1.5M, 27 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →