1-bed · 814 sqftThe Polo Residences E4, Meydan City · 3rd floor · completed 2017

309, The Polo Residences E4

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

Unit 309 · DLD and Ejari recordsUpdated 13 December 2023
Last soldAED 1.33M13 December 2023
Current rentAED 48K /yr15 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, The Polo Residences E4

What is 309 worth today?

Last sold for AED 1,326,000 in 2023

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13 Dec 2023SoldReady
AED 1,326,000AED 1,629 per sqft
15 Mar 2021RentedNew contract
AED 48,000/yr13 months · AED 59 per sqft
15 Feb 2019RentedNew contract
AED 70,000/yr12 months · AED 86 per sqft
18 Oct 2014Sold by developerOff-plan
AED 1,022,397AED 1,256 per sqft

Source: Dubai Land Department. Updated 13 December 2023.

Key facts

Type
1-bed apartment
Size
814 sqft
Floor
3rd of 4
Parking
G-17
Developer
IGO Property Development
Completed
2017
Service charge
AED 15,500 /yr
Last sold
AED 1.33M · December 2023

About 309, The Polo Residences E4

309 is a one-bedroom apartment of 814 sqft on the 3rd floor of The Polo Residences E4, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 13 December 2023 for AED 1,326,000, or AED 1,629 per sqft, 34% above the AED 1,214 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 15 March 2021, is AED 48,000 a year: a gross yield of 3.6% on the 2023 price, before the service charge of about AED 15,500 a year.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical one-bed in The Polo Residences E4
1M1.25M2014201720202023Typical sale price by year: 2014 AED 1,032,711; 2018 AED 852,500; 2023 AED 992,500Sold by developer, October 2014: AED 1,022,397 (AED 1,256 per sqft)Sold, December 2023: AED 1,326,000 (AED 1,629 per sqft)

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

Rents
Unit 309, each contractTypical one-bed in The Polo Residences E4
60K2018202120242027Typical rent by year: 2018 AED 65,000; 2019 AED 65,000; 2020 AED 52,000; 2021 AED 48,000; 2022 AED 52,000; 2023 AED 65,000; 2024 AED 69,230; 2025 AED 71,625; 2026 AED 69,000New contract, February 2019: AED 70,000 a yearNew contract, March 2021: AED 48,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Polo Residences E4, and where 309 sits

All 15 1-beds →

309 last sold in December 2023 at AED 1,629 per sqft, 34% above what one-beds in The Polo Residences E4 were fetching at the time (AED 1,214). Over the last 12 months one-beds sold for AED 1,250,000, around AED 1,535 per sqft, and rent for AED 55,660 to 75,000 a year. 309's AED 48,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Feb 20261,250,000
14 Jul 20251,200,000
8 Jun 2023870,000
4 May 2023910,000
1 1-bed sale in the last 12 months

The Polo Residences E4

Building

30 apartments, 1-bed to 4-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 1,501
Typical sale
AED 1.75M
Typical rent
AED 95K /yr
Typical yield
5.3%
The Polo Residences E4, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 30 units in The Polo Residences E4
Value
3011-bedAED 535K · Mar 2022
3022-bedAED 1.9M · Jan 2024
3032-bedAED 1.75M · Apr 2018
3041-bedAED 765K · Aug 2022
3051-bedAED 945K · Feb 2018
3061-bedAED 650K · Sep 2020
3072-bedAED 1.64M · May 2023
1–7 of 8

309, The Polo Residences E4 in numbers

  • Sold twice: first on 18 October 2014 for AED 1,022,397, last on 13 December 2023 for AED 1,326,000 (AED 1,629 per sqft).
  • Rented since February 2019 on 2 Ejari contracts, from AED 70,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2023 price is 3.6%, before a service charge of about AED 15,500 a year (AED 19.00 per sqft).
  • One-beds in The Polo Residences E4 sold for AED 1,250,000–1,250,000 in the 12 months to November 2026; the building's median across all types is AED 1,501 per sqft.

Source: Dubai Land Department. Updated 13 December 2023.

Questions about 309, The Polo Residences E4

What did unit 309 last sell for?

AED 1,326,000 on 13 December 2023: AED 1,629 per sqft for 814 sqft. The unit has 2 registered sales; the first was AED 1,022,397 in October 2014.

What is the rent for unit 309?

AED 48,000 a year on the contract signed on 15 March 2021. The previous contract, from February 2019, was AED 70,000.

How big is unit 309?

814 sqft (75.6 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2017.

What is unit 309 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Polo Residences E4 sold for AED 1,250,000 to 1,250,000 in the last 12 months, around AED 1,535 per sqft.

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Mortgage on 309, The Polo Residences E4

Starts from the last sale price (AED 1.33M, 13 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,326,000
Deposit, UAE resident (20%)
AED 265,200
Deposit, non-resident (40%)
AED 530,400
Monthly over 25 years at 3.7%
AED 5,425

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