1-bed · 901 sqftThe Polo Residences C7, Meydan City · 3rd floor · completed 2017

306, The Polo Residences C7

Sold prices and rental history: sold 4 times, last in September 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 13 September 2024
Last soldAED 1.42M13 September 2024
Current rentAED 62K /yr10 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, The Polo Residences C7

What is 306 worth today?

Last sold for AED 1,420,000 in 2024

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13 Sep 2024SoldReady
AED 1,420,000AED 1,576 per sqft
10 Aug 2023RentedNew contract
AED 61,976/yr12 months · AED 69 per sqft
28 Mar 2023SoldReady
AED 1,075,000AED 1,193 per sqft
10 Aug 2022RentedNew contract
AED 62,000/yr12 months · AED 69 per sqft
10 Aug 2021RentedNew contract
AED 62,000/yr12 months · AED 69 per sqft
21 Feb 2021SoldReady
AED 800,000AED 888 per sqft
9 Aug 2020RentedNew contract
AED 62,000/yr12 months · AED 69 per sqft
10 Aug 2019RentedRenewal
AED 73,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 13 September 2024.

Key facts

Type
1-bed apartment
Size
901 sqft
Floor
3rd of 4
Parking
G-30
Developer
IGO Property Development
Completed
2017
Service charge
AED 14,500 /yr
Last sold
AED 1.42M · September 2024

About 306, The Polo Residences C7

306 is a one-bedroom apartment of 901 sqft on the 3rd floor of The Polo Residences C7, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 13 September 2024 for AED 1,420,000, or AED 1,576 per sqft, 10% above the AED 1,438 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 10 August 2023, is AED 61,976 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 14,500 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical one-bed in The Polo Residences C7
1M1.5M2014201720202023Typical sale price by year: 2014 AED 974,036; 2015 AED 1,097,512; 2016 AED 1,147,531; 2017 AED 1,160,000; 2018 AED 1,000,000; 2023 AED 1,130,000; 2024 AED 1,292,500Sold by developer, September 2016: AED 1,115,970 (AED 1,238 per sqft)Sold, February 2021: AED 800,000 (AED 888 per sqft)Sold, March 2023: AED 1,075,000 (AED 1,193 per sqft)Sold, September 2024: AED 1,420,000 (AED 1,576 per sqft)

306 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 306, each contractTypical one-bed in The Polo Residences C7
60K80K100K2017202020232026Typical rent by year: 2017 AED 77,500; 2018 AED 77,500; 2019 AED 65,000; 2020 AED 60,000; 2021 AED 56,375; 2022 AED 65,000; 2023 AED 70,000; 2024 AED 77,500; 2025 AED 95,000; 2026 AED 92,000New contract, August 2017: AED 80,000 a yearRenewal, August 2018: AED 80,000 a yearRenewal, August 2019: AED 73,000 a yearNew contract, August 2020: AED 62,000 a yearNew contract, August 2021: AED 62,000 a yearNew contract, August 2022: AED 62,000 a yearNew contract, August 2023: AED 61,976 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 C7, and where 306 sits

All 15 1-beds →

306 last sold in September 2024 at AED 1,576 per sqft, 10% above what one-beds in The Polo Residences C7 were fetching at the time (AED 1,438). Over the last 12 months one-beds sold for AED 1,235,000 to 1,580,000, around AED 1,632 per sqft, and rent for AED 75,000 to 95,000 a year. 306's AED 61,976 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Mar 20261,235,000
27 Nov 20251,580,000
1 Apr 20241,350,000
6 Feb 20241,235,000
2 1-bed sales in the last 12 months

The Polo Residences C7

Building

31 apartments, 1-bed to 2-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 1,632
Typical sale
AED 1.41M
Typical rent
AED 147K /yr
Typical yield
6.0%
The Polo Residences C7, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 31 units in The Polo Residences C7
Value
3011-bedAED 975K · Oct 2017
3022-bedAED 1.78M · Jul 2017
3032-bedAED 1.8M · Aug 2017
3041-bedAED 1M · Nov 2018
3051-bedAED 1.13M · Jun 2023
3072-bedAED 2.01M · Jan 2015
3082-bedAED 2.01M · Jan 2015
1–7 of 8

306, The Polo Residences C7 in numbers

  • Sold 4 times: first on 19 September 2016 for AED 1,115,970, last on 13 September 2024 for AED 1,420,000 (AED 1,576 per sqft).
  • Rented since August 2017 on 7 Ejari contracts, from AED 80,000 to AED 61,976 a year.
  • At AED 61,976 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 14,500 a year (AED 16.11 per sqft).
  • One-beds in The Polo Residences C7 sold for AED 1,235,000–1,580,000 in the 12 months to November 2026; the building's median across all types is AED 1,632 per sqft.

Source: Dubai Land Department. Updated 13 September 2024.

Questions about 306, The Polo Residences C7

What did unit 306 last sell for?

AED 1,420,000 on 13 September 2024: AED 1,576 per sqft for 901 sqft. The unit has 4 registered sales; the first was AED 1,115,970 in September 2016.

What is the rent for unit 306?

AED 61,976 a year on the contract signed on 10 August 2023. The previous contract, from August 2022, was AED 62,000; the unit has been rented since August 2017.

How big is unit 306?

901 sqft (83.7 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2017.

What is unit 306 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 C7 sold for AED 1,235,000 to 1,580,000 in the last 12 months, around AED 1,632 per sqft.

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Mortgage on 306, The Polo Residences C7

Starts from the last sale price (AED 1.42M, 13 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,420,000
Deposit, UAE resident (20%)
AED 284,000
Deposit, non-resident (40%)
AED 568,000
Monthly over 25 years at 3.7%
AED 5,810

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