2-bed · 1,534 sqftThe Polo Residences E3, Meydan City · 3rd floor · completed 2017

307, The Polo Residences E3

Sold prices and rental history: sold twice, last in October 2022, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 5 October 2022
Last soldAED 750K5 October 2022
Current rentAED 75K /yr15 May 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, The Polo Residences E3

What is 307 worth today?

Last sold for AED 750,000 in 2022

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5 Oct 2022SoldReady · flagged as an outlier
AED 750,000AED 488 per sqft
15 May 2020RentedNew contract
AED 75,000/yr12 months · AED 49 per sqft
22 Jan 2019RentedRenewal
AED 95,000/yr12 months · AED 62 per sqft
22 Jan 2018RentedNew contract
AED 105,000/yr12 months · AED 68 per sqft
5 Jan 2015Sold by developerOff-plan
AED 1,624,125AED 1,058 per sqft

Source: Dubai Land Department. Updated 5 October 2022.

Key facts

Type
2-bed apartment
Size
1,534 sqft
Floor
3rd of 4
Parking
G-06
Developer
IGO Property Development
Completed
2017
Service charge
AED 29,100 /yr
Last sold
AED 750K · October 2022

About 307, The Polo Residences E3

307 is a two-bedroom apartment of 1,534 sqft on the 3rd floor of The Polo Residences E3, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 5 October 2022 for AED 750,000, or AED 488 per sqft, 50% below the AED 977 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 15 May 2020, is AED 75,000 a year: a gross yield of 10.0% on the 2022 price, before the service charge of about AED 29,100 a year.

Sales and rents for 307 over time

Sales
Unit 307, 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, January 2015: AED 1,624,125 (AED 1,058 per sqft)

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

Rents
Unit 307, 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 105,000 a yearRenewal, January 2019: AED 95,000 a yearNew contract, May 2020: AED 75,000 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 E3, and where 307 sits

All 16 2-beds →

307 last sold in October 2022 at AED 488 per sqft, 50% below what two-beds in The Polo Residences E3 were fetching at the time (AED 977). 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. 307's AED 75,000 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
24 Nov 20232,025,000
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 3rd floor

All 31 units in The Polo Residences E3
Value
3011-bedAED 780K · Nov 2022
3022-bedAED 1.77M · Jul 2023
3032-bedAED 2.55M · Jan 2026
3041-bedAED 1.01M · Feb 2015
3051-bedAED 906K · Jan 2015
3061-bedAED 1.25M · Aug 2026
3082-bedAED 1.15M · Mar 2022
1–7 of 8

307, The Polo Residences E3 in numbers

  • Sold twice: first on 5 January 2015 for AED 1,624,125, last on 5 October 2022 for AED 750,000 (AED 488 per sqft).
  • Rented since January 2018 on 3 Ejari contracts, from AED 105,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2022 price is 10.0%, before a service charge of about AED 29,100 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 5 October 2022.

Questions about 307, The Polo Residences E3

What did unit 307 last sell for?

AED 750,000 on 5 October 2022: AED 488 per sqft for 1,534 sqft. The unit has 2 registered sales; the first was AED 1,624,125 in January 2015.

What is the rent for unit 307?

AED 75,000 a year on the contract signed on 15 May 2020. The previous contract, from January 2019, was AED 95,000; the unit has been rented since January 2018.

How big is unit 307?

1,534 sqft (142.5 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2017.

What is unit 307 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 307, The Polo Residences E3

Starts from the last sale price (AED 750K, 5 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

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