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

308, The Polo Residences D5

Sold prices and rental history: sold twice, last in December 2023, 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 13 December 2023
Last soldAED 2.3M13 December 2023
Current rentAED 91K /yr15 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, The Polo Residences D5

What is 308 worth today?

Last sold for AED 2,300,000 in 2023

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13 Dec 2023SoldReady
AED 2,300,000AED 1,498 per sqft
15 Dec 2022RentedRenewal
AED 91,300/yr12 months · AED 59 per sqft
15 Dec 2021RentedRenewal
AED 83,000/yr12 months · AED 54 per sqft
15 Dec 2020RentedRenewal
AED 82,000/yr12 months · AED 53 per sqft
15 Dec 2019RentedNew contract
AED 98,000/yr12 months · AED 64 per sqft
15 Dec 2017RentedNew contract
AED 115,000/yr12 months · AED 75 per sqft
9 Mar 2016Sold by developerOff-plan
AED 1,920,059AED 1,251 per sqft

Source: Dubai Land Department. Updated 13 December 2023.

Key facts

Type
2-bed apartment
Size
1,535 sqft
Floor
3rd of 4
Parking
G-07
Developer
IGO Property Development
Completed
2017
Service charge
AED 21,800 /yr
Last sold
AED 2.3M · December 2023

About 308, The Polo Residences D5

308 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 13 December 2023 for AED 2,300,000, or AED 1,498 per sqft, 22% above the AED 1,229 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 15 December 2022, is AED 91,300 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 21,800 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical two-bed in The Polo Residences D5
2M2.25M2015201820212024Typical 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 1,920,059 (AED 1,251 per sqft)Sold, December 2023: AED 2,300,000 (AED 1,498 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 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, December 2017: AED 115,000 a yearNew contract, December 2019: AED 98,000 a yearRenewal, December 2020: AED 82,000 a yearRenewal, December 2021: AED 83,000 a yearRenewal, December 2022: 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 308 sits

All 12 2-beds →

308 last sold in December 2023 at AED 1,498 per sqft, 22% above what two-beds in The Polo Residences D5 were fetching at the time (AED 1,229).

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
3072-bedAED 1.75M · Aug 2023
1–7 of 8

308, The Polo Residences D5 in numbers

  • Sold twice: first on 9 March 2016 for AED 1,920,059, last on 13 December 2023 for AED 2,300,000 (AED 1,498 per sqft).
  • Rented since December 2017 on 5 Ejari contracts. The rent fell from AED 115,000 to AED 82,000 in 2020 and recovered to AED 91,300 by December 2022.
  • At AED 91,300 a year the gross yield on the 2023 price is 4.0%, before a service charge of about AED 21,800 a year (AED 14.21 per sqft).

Source: Dubai Land Department. Updated 13 December 2023.

Questions about 308, The Polo Residences D5

What did unit 308 last sell for?

AED 2,300,000 on 13 December 2023: AED 1,498 per sqft for 1,535 sqft. The unit has 2 registered sales; the first was AED 1,920,059 in March 2016.

What is the rent for unit 308?

AED 91,300 a year on the contract renewed on 15 December 2022. The previous contract, from December 2021, was AED 83,000; the unit has been rented since December 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.

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Mortgage on 308, The Polo Residences D5

Starts from the last sale price (AED 2.3M, 13 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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