2-bed · 1,535 sqftThe Polo Residences C5, Meydan City · 3rd floor · completed 2017

308, The Polo Residences C5

Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 2.28M1 April 2024
Current rentAED 145K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, The Polo Residences C5

What is 308 worth today?

Last sold for AED 2,275,000 in 2024

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1 Apr 2024SoldReady
AED 2,275,000AED 1,482 per sqft
1 Apr 2024RentedNew contract
AED 145,000/yr12 months · AED 94 per sqft
1 Apr 2023RentedNew contract
AED 145,000/yr12 months · AED 94 per sqft
7 Dec 2022RentedRenewal
AED 99,750/yr8 months · AED 65 per sqft
7 Dec 2021RentedRenewal
AED 95,000/yr12 months · AED 62 per sqft
7 Dec 2020RentedRenewal
AED 95,000/yr12 months · AED 62 per sqft
7 Dec 2019RentedNew contract
AED 95,000/yr12 months · AED 62 per sqft
1 Dec 2018RentedNew contract
AED 115,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
2-bed apartment
Size
1,535 sqft
Floor
3rd of 4
Parking
G-05
Developer
IGO Property Development
Completed
2017
Service charge
AED 22,200 /yr
Last sold
AED 2.28M · April 2024

About 308, The Polo Residences C5

308 is a two-bedroom apartment of 1,535 sqft on the 3rd floor of The Polo Residences C5, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 1 April 2024 for AED 2,275,000, or AED 1,482 per sqft, 17% above the AED 1,263 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 1 April 2024, is AED 145,000 a year: a gross yield of 6.4% on the 2024 price, before the service charge of about AED 22,200 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical two-bed in The Polo Residences C5
1.8M2M2.2M20172019202120232025Typical sale price by year: 2017 AED 1,834,299; 2024 AED 2,178,620Sold by developer, March 2017: AED 1,834,310 (AED 1,195 per sqft)Sold, April 2024: AED 2,275,000 (AED 1,482 per sqft)

308 has sold twice; 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 C5
100K150K2017202020232026Typical rent by year: 2017 AED 122,500; 2018 AED 117,179; 2019 AED 104,000; 2020 AED 97,002; 2021 AED 89,500; 2022 AED 92,250; 2023 AED 111,825; 2024 AED 120,000; 2025 AED 158,500New contract, November 2017: AED 130,000 a yearNew contract, December 2018: AED 115,000 a yearNew contract, December 2019: AED 95,000 a yearRenewal, December 2020: AED 95,000 a yearRenewal, December 2021: AED 95,000 a yearRenewal, December 2022: AED 99,750 a yearNew contract, April 2023: AED 145,000 a yearNew contract, April 2024: AED 145,000 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 C5, and where 308 sits

All 16 2-beds →

308 last sold in April 2024 at AED 1,482 per sqft, 17% above what two-beds in The Polo Residences C5 were fetching at the time (AED 1,263). Over the last 12 months two-beds sold for AED 4,700,000, around AED 2,118 per sqft, and rent for AED 118,648 to 155,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Mar 20264,700,000
2 Oct 20252,450,000
5 Aug 20252,600,000
5 Jun 20242,600,000
1 2-bed sale in the last 12 months

The Polo Residences C5

Building

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

Typical price per sqft
AED 2,118
Typical sale
AED 4.7M
Typical rent
AED 90K /yr
Typical yield
4.3%
The Polo Residences C5, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 31 units in The Polo Residences C5
Value
3011-bedAED 970K · Mar 2024
3022-bedAED 1.96M · Mar 2024
3032-bedAED 1.94M · May 2024
3041-bedAED 975K · May 2024
3051-bedAED 980K · Apr 2024
3061-bedAED 1M · Apr 2024
3072-bedAED 2.21M · Feb 2024
1–7 of 8

308, The Polo Residences C5 in numbers

  • Sold twice: first on 9 March 2017 for AED 1,834,310, last on 1 April 2024 for AED 2,275,000 (AED 1,482 per sqft).
  • Rented since November 2017 on 8 Ejari contracts. The rent fell from AED 130,000 to AED 95,000 in 2021 and recovered to AED 145,000 by April 2024.
  • At AED 145,000 a year the gross yield on the 2024 price is 6.4%, before a service charge of about AED 22,200 a year (AED 14.49 per sqft).
  • Two-beds in The Polo Residences C5 sold for AED 4,700,000–4,700,000 in the 12 months to November 2026; the building's median across all types is AED 2,118 per sqft.

Source: Dubai Land Department. Updated 1 April 2024.

Questions about 308, The Polo Residences C5

What did unit 308 last sell for?

AED 2,275,000 on 1 April 2024: AED 1,482 per sqft for 1,535 sqft. The unit has 2 registered sales; the first was AED 1,834,310 in March 2017.

What is the rent for unit 308?

AED 145,000 a year on the contract signed on 1 April 2024. The previous contract, from April 2023, was AED 145,000; the unit has been rented since November 2017.

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 C5 sold for AED 4,700,000 to 4,700,000 in the last 12 months, around AED 2,118 per sqft.

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Mortgage on 308, The Polo Residences C5

Starts from the last sale price (AED 2.28M, 1 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,275,000
Deposit, UAE resident (20%)
AED 455,000
Deposit, non-resident (40%)
AED 910,000
Monthly over 25 years at 3.7%
AED 9,308

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