2-bed · 1,535 sqftThe Polo Residences D5, Meydan City · 3rd floor · completed 2017

302, The Polo Residences D5

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 19 March 2024
Last soldAED 2M19 March 2024
Current rentAED 91K /yr2 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, The Polo Residences D5

What is 302 worth today?

Last sold for AED 2,000,000 in 2024

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19 Mar 2024SoldReady
AED 2,000,000AED 1,303 per sqft
2 Jan 2024RentedRenewal
AED 91,300/yr12 months · AED 59 per sqft
2 Jan 2023RentedRenewal
AED 91,300/yr12 months · AED 59 per sqft
2 Jan 2022RentedRenewal
AED 83,000/yr12 months · AED 54 per sqft
2 Jan 2021RentedNew contract
AED 81,000/yr12 months · AED 53 per sqft
2 Jan 2018RentedNew contract
AED 115,000/yr12 months · AED 75 per sqft
9 Mar 2016Sold by developerOff-plan
AED 1,872,700AED 1,220 per sqft

Source: Dubai Land Department. Updated 19 March 2024.

Key facts

Type
2-bed apartment
Size
1,535 sqft
Floor
3rd of 4
Parking
G-33
Developer
IGO Property Development
Completed
2017
Service charge
AED 21,800 /yr
Last sold
AED 2M · March 2024

About 302, The Polo Residences D5

302 is a two-bedroom apartment of 1,535 sqft on the 3rd floor of The Polo Residences D5, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 19 March 2024 for AED 2,000,000, or AED 1,303 per sqft, in line with the AED 1,303 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 2 January 2024, is AED 91,300 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 21,800 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical two-bed in The Polo Residences D5
1.9M2M2015201820212024Typical sale price by year: 2015 AED 1,854,074; 2016 AED 1,882,860; 2017 AED 1,872,700; 2023 AED 2,000,000; 2024 AED 2,025,000Sold by developer, March 2016: AED 1,872,700 (AED 1,220 per sqft)Sold, March 2024: AED 2,000,000 (AED 1,303 per sqft)

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

Rents
Unit 302, each contractTypical two-bed in The Polo Residences D5
75K100K125K2017202020232026Typical rent by year: 2017 AED 115,000; 2018 AED 100,000; 2019 AED 96,500; 2020 AED 83,500; 2021 AED 83,000; 2022 AED 92,400; 2023 AED 98,175; 2024 AED 119,139; 2025 AED 126,000New contract, January 2018: AED 115,000 a yearNew contract, January 2021: AED 81,000 a yearRenewal, January 2022: AED 83,000 a yearRenewal, January 2023: AED 91,300 a yearRenewal, January 2024: AED 91,300 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 D5, and where 302 sits

All 12 2-beds →

302 last sold in March 2024 at AED 1,303 per sqft, in line with what two-beds in The Polo Residences D5 were fetching at the time (AED 1,303).

Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 20253,200,000
1 Nov 20241,950,000
10 Sep 20242,000,000
16 May 20242,075,000
0 2-bed sales in the last 12 months

The Polo Residences D5

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 75
Typical sale
AED 62K
Typical rent
AED 75K /yr
Typical yield
118.9%
The Polo Residences D5, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 30 units in The Polo Residences D5
Value
3011-bedAED 750K · Oct 2019
3032-bedAED 2.05M · May 2024
3041-bedAED 950K · Dec 2023
3051-bedAED 650K · Jun 2021
3061-bedAED 650K · Jun 2021
3072-bedAED 1.75M · Aug 2023
3082-bedAED 2.3M · Dec 2023
1–7 of 8

302, The Polo Residences D5 in numbers

  • Sold twice: first on 9 March 2016 for AED 1,872,700, last on 19 March 2024 for AED 2,000,000 (AED 1,303 per sqft).
  • Rented since January 2018 on 5 Ejari contracts. The rent fell from AED 115,000 to AED 81,000 in 2021 and recovered to AED 91,300 by January 2024.
  • At AED 91,300 a year the gross yield on the 2024 price is 4.6%, before a service charge of about AED 21,800 a year (AED 14.21 per sqft).

Source: Dubai Land Department. Updated 19 March 2024.

Questions about 302, The Polo Residences D5

What did unit 302 last sell for?

AED 2,000,000 on 19 March 2024: AED 1,303 per sqft for 1,535 sqft. The unit has 2 registered sales; the first was AED 1,872,700 in March 2016.

What is the rent for unit 302?

AED 91,300 a year on the contract renewed on 2 January 2024. The previous contract, from January 2023, was AED 91,300; the unit has been rented since January 2018.

How big is unit 302?

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 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 302, The Polo Residences D5

Starts from the last sale price (AED 2M, 19 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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