1-bed · 814 sqftThe Polo Residences C4, Meydan City · 3rd floor · completed 2017

309, The Polo Residences C4

Sold prices and rental history: sold twice, last in May 2022, 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 26 May 2022
Last soldAED 403K26 May 2022
Current rentAED 60K /yr15 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, The Polo Residences C4

What is 309 worth today?

Last sold for AED 402,500 in 2022

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26 May 2022SoldReady · flagged as an outlier
AED 402,500AED 494 per sqft
15 Dec 2021RentedNew contract
AED 60,000/yr12 months · AED 73 per sqft
20 Aug 2020RentedNew contract
AED 57,000/yr12 months · AED 70 per sqft
20 Aug 2019RentedNew contract
AED 60,000/yr12 months · AED 73 per sqft
3 Jun 2017RentedNew contract
AED 70,000/yr12 months · AED 86 per sqft
16 Oct 2014Sold by developerOff-plan
AED 1,098,248AED 1,349 per sqft

Source: Dubai Land Department. Updated 26 May 2022.

Key facts

Type
1-bed apartment
Size
814 sqft
Floor
3rd of 4
Parking
G-18
Developer
IGO Property Development
Completed
2017
Service charge
AED 12,800 /yr
Last sold
AED 403K · May 2022

About 309, The Polo Residences C4

309 is a one-bedroom apartment of 814 sqft on the 3rd floor of The Polo Residences C4, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 26 May 2022 for AED 402,500, or AED 494 per sqft.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 15 December 2021, is AED 60,000 a year: a gross yield of 14.9% on the 2022 price, before the service charge of about AED 12,800 a year.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical one-bed in The Polo Residences C4
1M1.05M1.1M20142015201620172018Typical sale price by year: 2014 AED 1,094,542; 2015 AED 1,090,648; 2017 AED 1,000,000Sold by developer, October 2014: AED 1,098,248 (AED 1,349 per sqft)

309 has sold once; 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 C4
40K60K80K2017202020232026Typical rent by year: 2017 AED 71,500; 2018 AED 65,500; 2019 AED 62,500; 2020 AED 51,000; 2021 AED 45,000; 2022 AED 52,500; 2023 AED 70,000; 2024 AED 73,500; 2025 AED 75,000; 2026 AED 70,500New contract, June 2017: AED 70,000 a yearNew contract, August 2019: AED 60,000 a yearNew contract, August 2020: AED 57,000 a yearNew contract, December 2021: 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 C4, and where 309 sits

All 15 1-beds →

Over the last 12 months one-beds sold for AED 1,180,000, around AED 1,438 per sqft, and rent for AED 62,117 to 120,000 a year. 309's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
15 Jul 20261,180,000
17 Jul 20241,125,000
3 Apr 20241,075,000
26 Oct 2022650,000
1 1-bed sale in the last 12 months

The Polo Residences C4

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 1,664
Typical sale
AED 2.04M
Typical rent
AED 78K /yr
Typical yield
5.4%
The Polo Residences C4, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 30 units in The Polo Residences C4
Value
3011-bedAED 1.1M · Oct 2014
3022-bedAED 2.58M · Oct 2024
3032-bedAED 1.85M · Feb 2017
3041-bedAED 1M · Mar 2017
3051-bedAED 650K · Oct 2022
3061-bedAED 1.1M · May 2015
3072-bedAED 2.35M · Oct 2024
1–7 of 8

309, The Polo Residences C4 in numbers

  • Sold twice: first on 16 October 2014 for AED 1,098,248, last on 26 May 2022 for AED 402,500 (AED 494 per sqft).
  • Rented since June 2017 on 4 Ejari contracts, from AED 70,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2022 price is 14.9%, before a service charge of about AED 12,800 a year (AED 15.68 per sqft).
  • One-beds in The Polo Residences C4 sold for AED 1,180,000–1,180,000 in the 12 months to November 2026; the building's median across all types is AED 1,664 per sqft.

Source: Dubai Land Department. Updated 26 May 2022.

Questions about 309, The Polo Residences C4

What did unit 309 last sell for?

AED 402,500 on 26 May 2022: AED 494 per sqft for 814 sqft. The unit has 2 registered sales; the first was AED 1,098,248 in October 2014.

What is the rent for unit 309?

AED 60,000 a year on the contract signed on 15 December 2021. The previous contract, from August 2020, was AED 57,000; the unit has been rented since June 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 C4 sold for AED 1,180,000 to 1,180,000 in the last 12 months, around AED 1,438 per sqft.

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Mortgage on 309, The Polo Residences C4

Starts from the last sale price (AED 403K, 26 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 402,500
Deposit, UAE resident (20%)
AED 80,500
Deposit, non-resident (40%)
AED 161,000
Monthly over 25 years at 3.7%
AED 1,647

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