2-bed · 1,525 sqftThe Polo Residences E1, Meydan City · 1st floor · completed 2017

103, The Polo Residences E1

Sold prices and rental history: sold twice, last in September 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 103 · DLD and Ejari recordsUpdated 28 September 2023
Last soldAED 1.87M28 September 2023
Current rentAED 80K /yr30 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 103, The Polo Residences E1

What is 103 worth today?

Last sold for AED 1,870,000 in 2023

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28 Sep 2023SoldReady
AED 1,870,000AED 1,225 per sqft
30 Aug 2021RentedNew contract
AED 80,000/yr12 months · AED 52 per sqft
24 Jun 2021RentedNew contract
AED 120,000/yr12 months · AED 79 per sqft
15 Mar 2020RentedNew contract
AED 89,759/yr12 months · AED 59 per sqft
15 Nov 2018Sold by developerReady
AED 800,000AED 524 per sqft

Source: Dubai Land Department. Updated 28 September 2023.

Key facts

Type
2-bed apartment
Size
1,525 sqft
Floor
1st of 4
Parking
G-21
Developer
IGO Property Development
Completed
2017
Service charge
AED 25,400 /yr
Last sold
AED 1.87M · September 2023

About 103, The Polo Residences E1

103 is a two-bedroom apartment of 1,525 sqft on the 1st floor of The Polo Residences E1, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 28 September 2023 for AED 1,870,000, or AED 1,225 per sqft, 11% above the AED 1,108 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 30 August 2021, is AED 80,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 25,400 a year.

Sales and rents for 103 over time

Sales
Unit 103, each saleTypical two-bed in The Polo Residences E1
1M2M2014201720202023Typical sale price by year: 2014 AED 1,639,375; 2023 AED 2,000,000; 2024 AED 2,400,000Sold by developer, November 2018: AED 800,000 (AED 524 per sqft)Sold, September 2023: AED 1,870,000 (AED 1,225 per sqft)

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

Rents
Unit 103, each contractTypical two-bed in The Polo Residences E1
100K150K2017202020232026Typical rent by year: 2017 AED 116,500; 2018 AED 109,385; 2019 AED 100,000; 2020 AED 89,880; 2021 AED 85,000; 2022 AED 95,000; 2023 AED 93,992; 2024 AED 110,000; 2025 AED 155,000; 2026 AED 140,000New contract, March 2020: AED 89,759 a yearNew contract, June 2021: AED 120,000 a yearNew contract, August 2021: AED 80,000 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 E1, and where 103 sits

All 16 2-beds →

103 last sold in September 2023 at AED 1,225 per sqft, 11% above what two-beds in The Polo Residences E1 were fetching at the time (AED 1,108). Over the last 12 months two-beds sold for AED 3,020,000, around AED 1,280 per sqft, and rent for AED 130,000 to 170,000 a year. 103's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Oct 20263,020,000
16 Jun 20252,582,317
24 Mar 20252,400,000
28 Nov 20242,400,000
1 2-bed sale in the last 12 months

The Polo Residences E1

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 1,499
Typical sale
AED 2.29M
Typical rent
AED 84K /yr
Typical yield
6.2%
The Polo Residences E1, Meydan City: prices, sales and rents →

Other units on the 1st floor

All 31 units in The Polo Residences E1
Value
1012-bedAED 1.46M · Apr 2016
1021-bedAED 1.2M · Nov 2014
1041-bedAED 1.05M · Jan 2018
1051-bedAED 787K · Nov 2018
1062-bedAED 2.4M · Nov 2024
1071-bedAED 1.55M · Feb 2025
1082-bedAED 2.1M · Feb 2024
1–7 of 8

103, The Polo Residences E1 in numbers

  • Sold twice: first on 15 November 2018 for AED 800,000, last on 28 September 2023 for AED 1,870,000 (AED 1,225 per sqft).
  • Rented since March 2020 on 3 Ejari contracts, from AED 89,759 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 25,400 a year (AED 16.63 per sqft).
  • Two-beds in The Polo Residences E1 sold for AED 3,020,000–3,020,000 in the 12 months to November 2026; the building's median across all types is AED 1,499 per sqft.

Source: Dubai Land Department. Updated 28 September 2023.

Questions about 103, The Polo Residences E1

What did unit 103 last sell for?

AED 1,870,000 on 28 September 2023: AED 1,225 per sqft for 1,525 sqft. The unit has 2 registered sales; the first was AED 800,000 in November 2018.

What is the rent for unit 103?

AED 80,000 a year on the contract signed on 30 August 2021. The previous contract, from June 2021, was AED 120,000; the unit has been rented since March 2020.

How big is unit 103?

1,525 sqft (141.7 sqm): a two-bedroom apartment on the 1st floor of a 4-storey tower completed in 2017.

What is unit 103 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Polo Residences E1 sold for AED 3,020,000 to 3,020,000 in the last 12 months, around AED 1,280 per sqft.

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Mortgage on 103, The Polo Residences E1

Starts from the last sale price (AED 1.87M, 28 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,870,000
Deposit, UAE resident (20%)
AED 374,000
Deposit, non-resident (40%)
AED 748,000
Monthly over 25 years at 3.7%
AED 7,651

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