1-bed · 814 sqftThe Polo Residences C3, Meydan City · 3rd floor · completed 2017

309, The Polo Residences C3

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 16 November 2023
Last soldAED 970K16 November 2023
Current rentAED 60K /yr1 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, The Polo Residences C3

What is 309 worth today?

Last sold for AED 970,000 in 2023

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16 Nov 2023SoldReady
AED 970,000AED 1,191 per sqft
1 Oct 2019RentedRenewal
AED 60,000/yr12 months · AED 73 per sqft
1 Oct 2019RentedNew contract
AED 60,000/yr12 months · AED 73 per sqft
1 May 2018RentedRenewal
AED 60,000/yr17 months · AED 73 per sqft
1 May 2017RentedNew contract
AED 72,000/yr12 months · AED 88 per sqft
4 Dec 2014Sold by developerOff-plan
AED 1,064,128AED 1,307 per sqft

Source: Dubai Land Department. Updated 16 November 2023.

Key facts

Type
1-bed apartment
Size
814 sqft
Floor
3rd of 4
Parking
G-17
Developer
IGO Property Development
Completed
2017
Service charge
AED 14,300 /yr
Last sold
AED 970K · November 2023

About 309, The Polo Residences C3

309 is a one-bedroom apartment of 814 sqft on the 3rd floor of The Polo Residences C3, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 16 November 2023 for AED 970,000, or AED 1,191 per sqft.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 1 October 2019, is AED 60,000 a year: a gross yield of 6.2% on the 2023 price, before the service charge of about AED 14,300 a year.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical one-bed in The Polo Residences C3
800K1M2014201720202023Typical sale price by year: 2014 AED 1,119,985; 2017 AED 1,035,000; 2019 AED 750,000Sold by developer, December 2014: AED 1,064,128 (AED 1,307 per sqft)Sold, November 2023: AED 970,000 (AED 1,191 per sqft)

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

Rents
Unit 309, each contractTypical one-bed in The Polo Residences C3
60K80K2017202020232026Typical rent by year: 2017 AED 76,000; 2018 AED 69,812; 2019 AED 60,000; 2020 AED 56,000; 2021 AED 60,000; 2022 AED 65,000; 2023 AED 68,500; 2024 AED 79,500; 2025 AED 84,000; 2026 AED 80,000New contract, May 2017: AED 72,000 a yearRenewal, May 2018: AED 60,000 a yearRenewal, October 2019: AED 60,000 a yearNew contract, October 2019: AED 60,000 a year

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 C3, and where 309 sits

All 15 1-beds →

Over the last 12 months one-beds sold for AED 45,724 to 46,383, around AED 56 per sqft, and rent for AED 78,750 to 90,000 a year. 309's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Jul 202645,724
9 Jan 202646,383
20 Oct 20251,275,000
28 Feb 20251,150,000
2 1-bed sales in the last 12 months

The Polo Residences C3

Building

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

Typical price per sqft
AED 2,020
Typical sale
AED 3.1M
Typical rent
AED 85K /yr
Typical yield
4.9%
The Polo Residences C3, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 31 units in The Polo Residences C3
Value
3011-bedAED 730K · Jul 2021
3022-bedAED 1.65M · Mar 2023
3032-bedAED 1.6M · Sep 2016
3041-bedAED 906K · Dec 2014
3051-bedAED 906K · Dec 2014
3061-bedAED 449K · Feb 2018
3072-bedAED 1.85M · Jun 2023
1–7 of 8

309, The Polo Residences C3 in numbers

  • Sold twice: first on 4 December 2014 for AED 1,064,128, last on 16 November 2023 for AED 970,000 (AED 1,191 per sqft).
  • Rented since May 2017 on 4 Ejari contracts, from AED 72,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2023 price is 6.2%, before a service charge of about AED 14,300 a year (AED 17.63 per sqft).
  • One-beds in The Polo Residences C3 sold for AED 45,724–46,383 in the 12 months to November 2026; the building's median across all types is AED 2,020 per sqft.

Source: Dubai Land Department. Updated 16 November 2023.

Questions about 309, The Polo Residences C3

What did unit 309 last sell for?

AED 970,000 on 16 November 2023: AED 1,191 per sqft for 814 sqft. The unit has 2 registered sales; the first was AED 1,064,128 in December 2014.

What is the rent for unit 309?

AED 60,000 a year on the contract renewed on 1 October 2019. The previous contract, from October 2019, was AED 60,000; the unit has been rented since May 2017.

How big is unit 309?

814 sqft (75.6 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2017.

What is unit 309 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Polo Residences C3 sold for AED 45,724 to 46,383 in the last 12 months, around AED 56 per sqft.

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Mortgage on 309, The Polo Residences C3

Starts from the last sale price (AED 970K, 16 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 970,000
Deposit, UAE resident (20%)
AED 194,000
Deposit, non-resident (40%)
AED 388,000
Monthly over 25 years at 3.7%
AED 3,969

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