2-bed · 1,515 sqftThe Polo Residences D5, Meydan City · 3rd floor · completed 2017

307, The Polo Residences D5

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 10 August 2023
Last soldAED 1.75M10 August 2023
Current rentAED 98K /yr1 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, The Polo Residences D5

What is 307 worth today?

Last sold for AED 1,750,000 in 2023

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10 Aug 2023SoldReady
AED 1,750,000AED 1,155 per sqft
1 Jul 2023RentedRenewal
AED 98,175/yr12 months · AED 65 per sqft
1 Jul 2022RentedRenewal
AED 93,500/yr12 months · AED 62 per sqft
1 Jul 2021RentedNew contract
AED 85,000/yr12 months · AED 56 per sqft
1 Jul 2020RentedRenewal
AED 85,000/yr12 months · AED 56 per sqft
1 Jul 2019RentedNew contract
AED 90,000/yr12 months · AED 59 per sqft
1 Oct 2018RentedNew contract
AED 95,000/yr12 months · AED 63 per sqft
18 Apr 2016Sold by developerOff-plan
AED 1,893,019AED 1,249 per sqft

Source: Dubai Land Department. Updated 10 August 2023.

Key facts

Type
2-bed apartment
Size
1,515 sqft
Floor
3rd of 4
Parking
G-08
Developer
IGO Property Development
Completed
2017
Service charge
AED 21,500 /yr
Last sold
AED 1.75M · August 2023

About 307, The Polo Residences D5

307 is a two-bedroom apartment of 1,515 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 10 August 2023 for AED 1,750,000, or AED 1,155 per sqft, in line with the AED 1,155 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 1 July 2023, is AED 98,175 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 21,500 a year.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical two-bed in The Polo Residences D5
1.8M2M2015201820212024Typical 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, April 2016: AED 1,893,019 (AED 1,249 per sqft)Sold, August 2023: AED 1,750,000 (AED 1,155 per sqft)

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

Rents
Unit 307, each contractTypical two-bed in The Polo Residences D5
80K100K120K2017202020232026Typical 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, October 2018: AED 95,000 a yearNew contract, July 2019: AED 90,000 a yearRenewal, July 2020: AED 85,000 a yearNew contract, July 2021: AED 85,000 a yearRenewal, July 2022: AED 93,500 a yearRenewal, July 2023: AED 98,175 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 307 sits

All 12 2-beds →

307 last sold in August 2023 at AED 1,155 per sqft, in line with what two-beds in The Polo Residences D5 were fetching at the time (AED 1,155).

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
3022-bedAED 2M · Mar 2024
3032-bedAED 2.05M · May 2024
3041-bedAED 950K · Dec 2023
3051-bedAED 650K · Jun 2021
3061-bedAED 650K · Jun 2021
3082-bedAED 2.3M · Dec 2023
1–7 of 8

307, The Polo Residences D5 in numbers

  • Sold twice: first on 18 April 2016 for AED 1,893,019, last on 10 August 2023 for AED 1,750,000 (AED 1,155 per sqft).
  • Rented since October 2018 on 6 Ejari contracts. The rent fell from AED 95,000 to AED 85,000 in 2021 and recovered to AED 98,175 by July 2023.
  • At AED 98,175 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 21,500 a year (AED 14.21 per sqft).

Source: Dubai Land Department. Updated 10 August 2023.

Questions about 307, The Polo Residences D5

What did unit 307 last sell for?

AED 1,750,000 on 10 August 2023: AED 1,155 per sqft for 1,515 sqft. The unit has 2 registered sales; the first was AED 1,893,019 in April 2016.

What is the rent for unit 307?

AED 98,175 a year on the contract renewed on 1 July 2023. The previous contract, from July 2022, was AED 93,500; the unit has been rented since October 2018.

How big is unit 307?

1,515 sqft (140.7 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2017.

What is unit 307 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 307, The Polo Residences D5

Starts from the last sale price (AED 1.75M, 10 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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