2-bed · 1,535 sqftThe Polo Residences C2, Meydan City · 3rd floor · completed 2017

308, The Polo Residences C2

Sold prices and rental history: sold twice, last in September 2018, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 18 November 2020
Last soldAED 1.15M17 September 2018
Current rentAED 85K /yr18 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, The Polo Residences C2

What is 308 worth today?

Last sold for AED 1,150,957 in 2018

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18 Nov 2020RentedNew contract
AED 85,000/yr12 months · AED 55 per sqft
1 Nov 2019RentedNew contract
AED 100,000/yr12 months · AED 65 per sqft
1 Nov 2018RentedNew contract
AED 110,297/yr12 months · AED 72 per sqft
17 Sep 2018SoldReady
AED 1,150,957AED 749 per sqft
7 Jan 2018Sold by developerReady · flagged as an outlier
AED 153,461AED 100 per sqft

Source: Dubai Land Department. Updated 18 November 2020.

Key facts

Type
2-bed apartment
Size
1,535 sqft
Floor
3rd of 4
Parking
G-07
Developer
IGO Property Development
Completed
2017
Service charge
AED 24,900 /yr
Last sold
AED 1.15M · September 2018

About 308, The Polo Residences C2

308 is a two-bedroom apartment of 1,535 sqft on the 3rd floor of The Polo Residences C2, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 17 September 2018 for AED 1,150,957, or AED 749 per sqft, in line with the AED 749 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 18 November 2020, is AED 85,000 a year: a gross yield of 7.4% on the 2018 price, before the service charge of about AED 24,900 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical two-bed in The Polo Residences C2
1.2M1.3M201820192020Typical sale price by year: 2018 AED 1,150,876; 2019 AED 1,330,000Sold, September 2018: AED 1,150,957 (AED 749 per sqft)

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

Rents
Unit 308, each contractTypical two-bed in The Polo Residences C2
100K150K2018202120242027Typical rent by year: 2018 AED 112,649; 2019 AED 102,500; 2020 AED 87,500; 2021 AED 90,000; 2022 AED 94,250; 2023 AED 100,000; 2024 AED 150,000; 2025 AED 145,000; 2026 AED 115,000New contract, November 2018: AED 110,297 a yearNew contract, November 2019: AED 100,000 a yearNew contract, November 2020: AED 85,000 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 C2, and where 308 sits

All 12 2-beds →

308 last sold in September 2018 at AED 749 per sqft, in line with what two-beds in The Polo Residences C2 were fetching at the time (AED 749). Over the last 12 months two-beds sold for AED 2,500,000, around AED 1,650 per sqft, and rent for AED 72,000 to 150,000 a year. 308's AED 85,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Feb 20262,500,000
18 Feb 20252,420,000
14 Jul 20211,400,000
3 Sep 20191,330,000
1 2-bed sale in the last 12 months

The Polo Residences C2

Building

30 apartments, 1-bed to 3-bed over 4 floors in Meydan City, completed in 2017 by IGO Property Development. 2 sold in the last 12 months.

Typical price per sqft
AED 1,593
Typical sale
AED 1.88M
Typical rent
AED 72K /yr
Typical yield
5.4%
The Polo Residences C2, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 30 units in The Polo Residences C2
Value
3011-bedAED 800K · Mar 2019
3022-bedAED 1.6M · Nov 2018
3032-bedAED 1.15M · Sep 2018
3041-bedAED 750K · Jan 2019
3051-bedAED 850K · Jun 2019
3061-bedAED 950K · Nov 2018
3072-bedAED 2.5M · Feb 2026
1–7 of 8

308, The Polo Residences C2 in numbers

  • Sold twice: first on 7 January 2018 for AED 153,461, last on 17 September 2018 for AED 1,150,957 (AED 749 per sqft).
  • Rented since November 2018 on 3 Ejari contracts, from AED 110,297 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2018 price is 7.4%, before a service charge of about AED 24,900 a year (AED 16.25 per sqft).
  • Two-beds in The Polo Residences C2 sold for AED 2,500,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,593 per sqft.

Source: Dubai Land Department. Updated 18 November 2020.

Questions about 308, The Polo Residences C2

What did unit 308 last sell for?

AED 1,150,957 on 17 September 2018: AED 749 per sqft for 1,535 sqft. The unit has 2 registered sales; the first was AED 153,461 in January 2018.

What is the rent for unit 308?

AED 85,000 a year on the contract signed on 18 November 2020. The previous contract, from November 2019, was AED 100,000; the unit has been rented since November 2018.

How big is unit 308?

1,535 sqft (142.6 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2017.

What is unit 308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Polo Residences C2 sold for AED 2,500,000 to 2,500,000 in the last 12 months, around AED 1,650 per sqft.

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Mortgage on 308, The Polo Residences C2

Starts from the last sale price (AED 1.15M, 17 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,957
Deposit, UAE resident (20%)
AED 230,191
Deposit, non-resident (40%)
AED 460,383
Monthly over 25 years at 3.7%
AED 4,709

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