2-bed · 1,555 sqftThe Polo Residences E1, Meydan City · 1st floor · completed 2017

108, The Polo Residences E1

Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 108 · DLD and Ejari recordsUpdated 19 February 2024
Last soldAED 2.1M19 February 2024
Current rentAED 100K /yr19 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 108, The Polo Residences E1

What is 108 worth today?

Last sold for AED 2,100,000 in 2024

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19 Feb 2024SoldReady
AED 2,100,000AED 1,350 per sqft
19 Nov 2022RentedRenewal
AED 100,000/yr12 months · AED 64 per sqft
17 Mar 2022SoldReady
AED 1,400,000AED 900 per sqft
19 Nov 2021RentedRenewal
AED 90,000/yr12 months · AED 58 per sqft
19 Nov 2020RentedRenewal
AED 85,000/yr12 months · AED 55 per sqft
19 Nov 2019RentedRenewal
AED 95,000/yr12 months · AED 61 per sqft
19 Nov 2018RentedRenewal
AED 100,000/yr12 months · AED 64 per sqft
19 Nov 2017RentedNew contract
AED 108,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 19 February 2024.

Key facts

Type
2-bed apartment
Size
1,555 sqft
Floor
1st of 4
Parking
G-19
Developer
IGO Property Development
Completed
2017
Service charge
AED 25,900 /yr
Last sold
AED 2.1M · February 2024

About 108, The Polo Residences E1

108 is a two-bedroom apartment of 1,555 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 19 February 2024 for AED 2,100,000, or AED 1,350 per sqft, 10% above the AED 1,231 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 19 November 2022, is AED 100,000 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 25,900 a year.

Sales and rents for 108 over time

Sales
Unit 108, each saleTypical two-bed in The Polo Residences E1
1.5M2M2.5M2014201720202023Typical sale price by year: 2014 AED 1,639,375; 2023 AED 2,000,000; 2024 AED 2,400,000Sold by developer, October 2014: AED 1,639,375 (AED 1,054 per sqft)Sold, March 2022: AED 1,400,000 (AED 900 per sqft)Sold, February 2024: AED 2,100,000 (AED 1,350 per sqft)

108 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 108, 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, November 2017: AED 108,000 a yearRenewal, November 2018: AED 100,000 a yearRenewal, November 2019: AED 95,000 a yearRenewal, November 2020: AED 85,000 a yearRenewal, November 2021: AED 90,000 a yearRenewal, November 2022: AED 100,000 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 108 sits

All 16 2-beds →

108 last sold in February 2024 at AED 1,350 per sqft, 10% above what two-beds in The Polo Residences E1 were fetching at the time (AED 1,231). 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. 108's AED 100,000 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
1032-bedAED 1.87M · Sep 2023
1041-bedAED 1.05M · Jan 2018
1051-bedAED 787K · Nov 2018
1062-bedAED 2.4M · Nov 2024
1071-bedAED 1.55M · Feb 2025
1–7 of 8

108, The Polo Residences E1 in numbers

  • Sold 3 times: first on 28 October 2014 for AED 1,639,375, last on 19 February 2024 for AED 2,100,000 (AED 1,350 per sqft).
  • Rented since November 2017 on 6 Ejari contracts. The rent fell from AED 108,000 to AED 85,000 in 2020 and recovered to AED 100,000 by November 2022.
  • At AED 100,000 a year the gross yield on the 2024 price is 4.8%, before a service charge of about AED 25,900 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 19 February 2024.

Questions about 108, The Polo Residences E1

What did unit 108 last sell for?

AED 2,100,000 on 19 February 2024: AED 1,350 per sqft for 1,555 sqft. The unit has 3 registered sales; the first was AED 1,639,375 in October 2014.

What is the rent for unit 108?

AED 100,000 a year on the contract renewed on 19 November 2022. The previous contract, from November 2021, was AED 90,000; the unit has been rented since November 2017.

How big is unit 108?

1,555 sqft (144.5 sqm): a two-bedroom apartment on the 1st floor of a 4-storey tower completed in 2017.

What is unit 108 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 108, The Polo Residences E1

Starts from the last sale price (AED 2.1M, 19 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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