2-bed · 1,493 sqftThe Polo Residences E3, Meydan City · 2nd floor · completed 2017

203, The Polo Residences E3

Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 24 November 2023
Last soldAED 2.03M24 November 2023
Current rentAED 92K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, The Polo Residences E3

What is 203 worth today?

Last sold for AED 2,025,000 in 2023

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24 Nov 2023SoldReady
AED 2,025,000AED 1,356 per sqft
1 Feb 2023RentedRenewal
AED 92,102/yr9 months · AED 62 per sqft
1 Feb 2022RentedRenewal
AED 88,000/yr12 months · AED 59 per sqft
1 Feb 2021RentedNew contract
AED 80,000/yr12 months · AED 53 per sqft
1 Jan 2020RentedRenewal
AED 98,000/yr12 months · AED 65 per sqft
1 Jan 2019RentedRenewal
AED 98,000/yr12 months · AED 65 per sqft
1 Jan 2018RentedNew contract
AED 110,000/yr12 months · AED 74 per sqft
16 Aug 2016SoldOff-plan
AED 1,600,000AED 1,071 per sqft

Source: Dubai Land Department. Updated 24 November 2023.

Key facts

Type
2-bed apartment
Size
1,493 sqft
Floor
2nd of 4
Parking
G-11
Developer
IGO Property Development
Completed
2017
Service charge
AED 28,400 /yr
Last sold
AED 2.03M · November 2023

About 203, The Polo Residences E3

203 is a two-bedroom apartment of 1,493 sqft on the 2nd floor of The Polo Residences E3, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 24 November 2023 for AED 2,025,000, or AED 1,356 per sqft, 7% above the AED 1,271 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 92,102 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 28,400 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical two-bed in The Polo Residences E3
1.5M1.75M2M2014201720202023Typical sale price by year: 2014 AED 1,639,375; 2015 AED 1,639,375; 2022 AED 1,500,000; 2023 AED 1,950,000Sold by developer, October 2014: AED 1,639,375 (AED 1,097 per sqft)Sold, August 2016: AED 1,600,000 (AED 1,071 per sqft)Sold, November 2023: AED 2,025,000 (AED 1,356 per sqft)

203 has sold 3 times; 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 E3
100K150K2017202020232026Typical rent by year: 2017 AED 115,000; 2018 AED 105,000; 2019 AED 94,000; 2020 AED 85,000; 2021 AED 88,000; 2022 AED 110,000; 2023 AED 110,000; 2024 AED 123,000; 2025 AED 157,000; 2026 AED 145,000New contract, January 2018: AED 110,000 a yearRenewal, January 2019: AED 98,000 a yearRenewal, January 2020: AED 98,000 a yearNew contract, February 2021: AED 80,000 a yearRenewal, February 2022: AED 88,000 a yearRenewal, February 2023: AED 92,102 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 E3, and where 203 sits

All 16 2-beds →

203 last sold in November 2023 at AED 1,356 per sqft, 7% above what two-beds in The Polo Residences E3 were fetching at the time (AED 1,271). Over the last 12 months two-beds sold for AED 2,550,000, around AED 1,662 per sqft, and rent for AED 125,000 to 170,000 a year. 203's AED 92,102 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Jan 20262,550,000
28 Oct 20252,600,000
16 Jan 20252,250,000
28 Sep 20231,950,000
1 2-bed sale in the last 12 months

The Polo Residences E3

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 1,593
Typical sale
AED 1.9M
Typical rent
AED 113K /yr
Typical yield
5.6%
The Polo Residences E3, Meydan City: prices, sales and rents →

Other units on the 2nd floor

All 31 units in The Polo Residences E3
Value
2011-bedAED 920K · Jun 2023
2022-bedAED 1.75M · Apr 2018
2041-bedAED 930K · Oct 2017
2051-bedAED 650K · Feb 2020
2061-bedAED 1.09M · Jan 2025
2072-bedAED 1.95M · Sep 2023
2082-bedAED 2.6M · Oct 2025
1–7 of 8

203, The Polo Residences E3 in numbers

  • Sold 3 times: first on 18 October 2014 for AED 1,639,375, last on 24 November 2023 for AED 2,025,000 (AED 1,356 per sqft).
  • Rented since January 2018 on 6 Ejari contracts. The rent fell from AED 110,000 to AED 80,000 in 2021 and recovered to AED 92,102 by February 2023.
  • At AED 92,102 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 28,400 a year (AED 19.00 per sqft).
  • Two-beds in The Polo Residences E3 sold for AED 2,550,000–2,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,593 per sqft.

Source: Dubai Land Department. Updated 24 November 2023.

Questions about 203, The Polo Residences E3

What did unit 203 last sell for?

AED 2,025,000 on 24 November 2023: AED 1,356 per sqft for 1,493 sqft. The unit has 3 registered sales; the first was AED 1,639,375 in October 2014.

What is the rent for unit 203?

AED 92,102 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 88,000; the unit has been rented since January 2018.

How big is unit 203?

1,493 sqft (138.7 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 E3 sold for AED 2,550,000 to 2,550,000 in the last 12 months, around AED 1,662 per sqft.

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Mortgage on 203, The Polo Residences E3

Starts from the last sale price (AED 2.03M, 24 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,025,000
Deposit, UAE resident (20%)
AED 405,000
Deposit, non-resident (40%)
AED 810,000
Monthly over 25 years at 3.7%
AED 8,285

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