1-bed · 814 sqftThe Polo Residences C7, Meydan City · 3rd floor · completed 2017

309, The Polo Residences C7

Sold prices and rental history: sold once, by the developer in January 2015, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 10 November 2021
Last soldAED 1.1M13 January 2015
Current rentAED 60K /yr10 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, The Polo Residences C7

What is 309 worth today?

Last sold for AED 1,097,512 in 2015

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10 Nov 2021RentedNew contract
AED 60,000/yr12 months · AED 73 per sqft
5 Jan 2021RentedNew contract
AED 50,000/yr12 months · AED 61 per sqft
20 Mar 2019RentedRenewal
AED 65,000/yr12 months · AED 79 per sqft
13 Jan 2015Sold by developerOff-plan
AED 1,097,512AED 1,348 per sqft

Source: Dubai Land Department. Updated 10 November 2021.

Key facts

Type
1-bed apartment
Size
814 sqft
Floor
3rd of 4
Parking
G-29
Developer
IGO Property Development
Completed
2017
Service charge
AED 13,100 /yr
Last sold
AED 1.1M · January 2015

About 309, The Polo Residences C7

309 is a one-bedroom apartment of 814 sqft on the 3rd floor of The Polo Residences C7, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. The developer sold it on 13 January 2015 for AED 1,097,512, or AED 1,348 per sqft, 16% above the AED 1,163 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 10 November 2021, is AED 60,000 a year: a gross yield of 5.5% on the 2015 price, before the service charge of about AED 13,100 a year.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical one-bed in The Polo Residences C7
1M1.2M2014201720202023Typical 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, January 2015: AED 1,097,512 (AED 1,348 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 C7
50K75K100K2017202020232026Typical 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 92,000Renewal, March 2019: AED 65,000 a yearNew contract, January 2021: AED 50,000 a yearNew contract, November 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 C7, and where 309 sits

All 15 1-beds →

309 last sold in January 2015 at AED 1,348 per sqft, 16% above what one-beds in The Polo Residences C7 were fetching at the time (AED 1,163). 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. 309's AED 60,000 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
13 Sep 20241,420,000
1 Apr 20241,350,000
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
3061-bedAED 1.42M · Sep 2024
3072-bedAED 2.01M · Jan 2015
1–7 of 8

309, The Polo Residences C7 in numbers

  • Sold once: by IGO Property Development on 13 January 2015 for AED 1,097,512, or AED 1,348 per sqft.
  • Rented since March 2019 on 3 Ejari contracts. The rent fell from AED 65,000 to AED 50,000 in 2021 and recovered to AED 60,000 by November 2021.
  • At AED 60,000 a year the gross yield on the 2015 price is 5.5%, before a service charge of about AED 13,100 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 10 November 2021.

Questions about 309, The Polo Residences C7

What did unit 309 last sell for?

AED 1,097,512 on 13 January 2015, sold by the developer: AED 1,348 per sqft for 814 sqft. It is the only registered sale of the unit.

What is the rent for unit 309?

AED 60,000 a year on the contract signed on 10 November 2021. The previous contract, from January 2021, was AED 50,000; the unit has been rented since March 2019.

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 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 309, The Polo Residences C7

Starts from the last sale price (AED 1.1M, 13 January 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,097,512
Deposit, UAE resident (20%)
AED 219,502
Deposit, non-resident (40%)
AED 439,005
Monthly over 25 years at 3.7%
AED 4,490

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