2-bed · 1,495 sqftThe Polo Residences E1, Meydan City · 2nd floor · completed 2017

203, The Polo Residences E1

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 10 December 2023
Last soldAED 1.85M22 May 2023
Current rentAED 93K /yr10 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, The Polo Residences E1

What is 203 worth today?

Last sold for AED 1,850,000 in 2023

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10 Dec 2023RentedNew contract
AED 92,983/yr6 months · AED 62 per sqft
22 May 2023SoldReady
AED 1,850,000AED 1,237 per sqft
7 Apr 2023RentedRenewal
AED 92,407/yr8 months · AED 62 per sqft
7 Apr 2022RentedRenewal
AED 85,000/yr12 months · AED 57 per sqft
7 Mar 2021RentedRenewal
AED 85,000/yr13 months · AED 57 per sqft
7 Mar 2020RentedNew contract
AED 85,000/yr12 months · AED 57 per sqft
1 Mar 2019RentedNew contract
AED 95,000/yr12 months · AED 63 per sqft
1 Nov 2014Sold by developerOff-plan
AED 1,639,375AED 1,096 per sqft

Source: Dubai Land Department. Updated 10 December 2023.

Key facts

Type
2-bed apartment
Size
1,495 sqft
Floor
2nd of 4
Parking
G-05
Developer
IGO Property Development
Completed
2017
Service charge
AED 24,900 /yr
Last sold
AED 1.85M · May 2023

About 203, The Polo Residences E1

203 is a two-bedroom apartment of 1,495 sqft on the 2nd floor of The Polo Residences E1, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 22 May 2023 for AED 1,850,000, or AED 1,237 per sqft, 25% above the AED 991 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 10 December 2023, is AED 92,983 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 24,900 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical two-bed in The Polo Residences E1
2M2.5M2014201720202023Typical sale price by year: 2014 AED 1,639,375; 2023 AED 2,000,000; 2024 AED 2,400,000Sold by developer, November 2014: AED 1,639,375 (AED 1,096 per sqft)Sold, May 2023: AED 1,850,000 (AED 1,237 per sqft)

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

Rents
Unit 203, 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 2019: AED 95,000 a yearNew contract, March 2020: AED 85,000 a yearRenewal, March 2021: AED 85,000 a yearRenewal, April 2022: AED 85,000 a yearRenewal, April 2023: AED 92,407 a yearNew contract, December 2023: AED 92,983 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 203 sits

All 16 2-beds →

203 last sold in May 2023 at AED 1,237 per sqft, 25% above what two-beds in The Polo Residences E1 were fetching at the time (AED 991). 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. 203's AED 92,983 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 2nd floor

All 31 units in The Polo Residences E1
Value
2012-bedAED 1.64M · Oct 2014
2021-bedAED 575K · Feb 2018
2041-bedAED 850K · Mar 2018
2051-bedAED 810K · May 2019
2062-bedAED 2M · Oct 2023
2071-bedAED 950K · Mar 2022
2082-bedAED 2.58M · Jun 2025
1–7 of 8

203, The Polo Residences E1 in numbers

  • Sold twice: first on 1 November 2014 for AED 1,639,375, last on 22 May 2023 for AED 1,850,000 (AED 1,237 per sqft).
  • Rented since March 2019 on 6 Ejari contracts, from AED 95,000 to AED 92,983 a year.
  • At AED 92,983 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 24,900 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 10 December 2023.

Questions about 203, The Polo Residences E1

What did unit 203 last sell for?

AED 1,850,000 on 22 May 2023: AED 1,237 per sqft for 1,495 sqft. The unit has 2 registered sales; the first was AED 1,639,375 in November 2014.

What is the rent for unit 203?

AED 92,983 a year on the contract signed on 10 December 2023. The previous contract, from April 2023, was AED 92,407; the unit has been rented since March 2019.

How big is unit 203?

1,495 sqft (138.9 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2017.

What is unit 203 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 203, The Polo Residences E1

Starts from the last sale price (AED 1.85M, 22 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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