2-bed · 1,554 sqftThe Polo Residences E1, Meydan City · 3rd floor · completed 2017

306, The Polo Residences E1

Sold prices and rental history: sold 3 times, last in August 2024, and rented once, from September 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 7 August 2024
Last soldAED 2.4M7 August 2024
Current rentAED 115K /yr10 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, The Polo Residences E1

What is 306 worth today?

Last sold for AED 2,400,000 in 2024

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7 Aug 2024SoldReady
AED 2,400,000AED 1,543 per sqft
10 Sep 2018RentedNew contract
AED 115,000/yr12 months · AED 74 per sqft
31 May 2018SoldReady · flagged as an outlier
AED 755,000AED 485 per sqft
23 Mar 2015Sold by developerOff-plan
AED 1,639,375AED 1,054 per sqft

Source: Dubai Land Department. Updated 7 August 2024.

Key facts

Type
2-bed apartment
Size
1,554 sqft
Floor
3rd of 4
Parking
G-18
Developer
IGO Property Development
Completed
2017
Service charge
AED 25,900 /yr
Last sold
AED 2.4M · August 2024

About 306, The Polo Residences E1

306 is a two-bedroom apartment of 1,554 sqft on the 3rd floor of The Polo Residences E1, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 7 August 2024 for AED 2,400,000, or AED 1,543 per sqft, 17% above the AED 1,318 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 September 2018. The current contract, signed on 10 September 2018, is AED 115,000 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 306 over time

Sales
Unit 306, 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, March 2015: AED 1,639,375 (AED 1,054 per sqft)Sold, August 2024: AED 2,400,000 (AED 1,543 per sqft)

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

Rents
Unit 306, 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, September 2018: AED 115,000 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 306 sits

All 16 2-beds →

306 last sold in August 2024 at AED 1,543 per sqft, 17% above what two-beds in The Polo Residences E1 were fetching at the time (AED 1,318). 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. 306's AED 115,000 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 3rd floor

All 31 units in The Polo Residences E1
Value
3012-bedAED 2.4M · Mar 2025
3021-bedAED 700K · Mar 2022
3032-bedAED 1.75M · Oct 2017
3041-bedAED 700K · Sep 2020
3051-bedAED 650K · Oct 2020
3071-bedAED 1.55M · Nov 2025
3082-bedAED 1.77M · Jan 2015
1–7 of 8

306, The Polo Residences E1 in numbers

  • Sold 3 times: first on 23 March 2015 for AED 1,639,375, last on 7 August 2024 for AED 2,400,000 (AED 1,543 per sqft).
  • Rented since September 2018 on one Ejari contract, at AED 115,000 a year.
  • At AED 115,000 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 7 August 2024.

Questions about 306, The Polo Residences E1

What did unit 306 last sell for?

AED 2,400,000 on 7 August 2024: AED 1,543 per sqft for 1,554 sqft. The unit has 3 registered sales; the first was AED 1,639,375 in March 2015.

What is the rent for unit 306?

AED 115,000 a year on the contract signed on 10 September 2018.

How big is unit 306?

1,554 sqft (144.4 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2017.

What is unit 306 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 306, The Polo Residences E1

Starts from the last sale price (AED 2.4M, 7 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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