1-bed · 912 sqftThe Polo Residences E5, Meydan City · 3rd floor · completed 2017

305, The Polo Residences E5

Sold prices and rental history: sold twice, last in March 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 15 June 2022
Last soldAED 700K31 March 2022
Current rentAED 60K /yr15 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, The Polo Residences E5

What is 305 worth today?

Last sold for AED 700,000 in 2022

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15 Jun 2022RentedRenewal
AED 60,000/yr12 months · AED 66 per sqft
31 Mar 2022SoldReady
AED 700,000AED 767 per sqft
15 Jun 2021RentedNew contract
AED 60,000/yr12 months · AED 66 per sqft
1 Feb 2021RentedNew contract
AED 57,000/yr12 months · AED 63 per sqft
2 Nov 2019RentedRenewal
AED 72,000/yr12 months · AED 79 per sqft
31 Oct 2018RentedNew contract
AED 76,575/yr12 months · AED 84 per sqft
1 Nov 2017RentedNew contract
AED 85,000/yr12 months · AED 93 per sqft
8 Nov 2014Sold by developerOff-plan
AED 1,064,250AED 1,167 per sqft

Source: Dubai Land Department. Updated 15 June 2022.

Key facts

Type
1-bed apartment
Size
912 sqft
Floor
3rd of 4
Parking
G-23
Developer
IGO Property Development
Completed
2017
Service charge
AED 17,400 /yr
Last sold
AED 700K · March 2022

About 305, The Polo Residences E5

305 is a one-bedroom apartment of 912 sqft on the 3rd floor of The Polo Residences E5, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 31 March 2022 for AED 700,000, or AED 767 per sqft, 11% below the AED 861 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 15 June 2022, is AED 60,000 a year: a gross yield of 8.6% on the 2022 price, before the service charge of about AED 17,400 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical one-bed in The Polo Residences E5
750K1M1.25M20142017202020232026Typical sale price by year: 2014 AED 1,044,332; 2015 AED 1,056,618; 2022 AED 700,000; 2023 AED 812,500; 2024 AED 1,100,000; 2025 AED 1,230,000Sold by developer, November 2014: AED 1,064,250 (AED 1,167 per sqft)Sold, March 2022: AED 700,000 (AED 767 per sqft)

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

Rents
Unit 305, each contractTypical one-bed in The Polo Residences E5
60K80K2017202020232026Typical rent by year: 2017 AED 83,500; 2018 AED 70,000; 2019 AED 68,500; 2020 AED 61,000; 2021 AED 54,000; 2022 AED 56,500; 2023 AED 58,000; 2024 AED 84,500; 2025 AED 84,500; 2026 AED 85,000New contract, November 2017: AED 85,000 a yearNew contract, October 2018: AED 76,575 a yearRenewal, November 2019: AED 72,000 a yearNew contract, February 2021: AED 57,000 a yearNew contract, June 2021: AED 60,000 a yearRenewal, June 2022: AED 60,000 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 E5, and where 305 sits

All 15 1-beds →

305 last sold in March 2022 at AED 767 per sqft, 11% below what one-beds in The Polo Residences E5 were fetching at the time (AED 861). Over the last 12 months one-beds sold for AED 1,230,000, around AED 1,534 per sqft, and rent for AED 75,000 to 90,000 a year. 305's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Dec 20251,230,000
6 Nov 20251,410,000
16 Jul 20251,230,000
30 Dec 20241,000,000
1 1-bed sale in the last 12 months

The Polo Residences E5

Building

27 apartments, 1-bed to 2-bed over 4 floors in Meydan City, completed in 2017 by IGO Property Development. 1 sold in the last 12 months.

Typical price per sqft
AED 1,534
Typical sale
AED 1.23M
Typical rent
AED 85K /yr
Typical yield
6.2%
The Polo Residences E5, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 27 units in The Polo Residences E5
Value
3011-bedAED 1M · Dec 2024
3022-bedAED 1.6M · Sep 2017
3031-bedAED 700K · Mar 2022
3042-bedAED 2.07M · Sep 2023
3061-bedAED 640K · Mar 2020
3072-bedAED 1.81M · Apr 2015
3081-bedAED 1.1M · Feb 2024

305, The Polo Residences E5 in numbers

  • Sold twice: first on 8 November 2014 for AED 1,064,250, last on 31 March 2022 for AED 700,000 (AED 767 per sqft).
  • Rented since November 2017 on 6 Ejari contracts, from AED 85,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2022 price is 8.6%, before a service charge of about AED 17,400 a year (AED 19.07 per sqft).
  • One-beds in The Polo Residences E5 sold for AED 1,230,000–1,230,000 in the 12 months to November 2026; the building's median across all types is AED 1,534 per sqft.

Source: Dubai Land Department. Updated 15 June 2022.

Questions about 305, The Polo Residences E5

What did unit 305 last sell for?

AED 700,000 on 31 March 2022: AED 767 per sqft for 912 sqft. The unit has 2 registered sales; the first was AED 1,064,250 in November 2014.

What is the rent for unit 305?

AED 60,000 a year on the contract renewed on 15 June 2022. The previous contract, from June 2021, was AED 60,000; the unit has been rented since November 2017.

How big is unit 305?

912 sqft (84.7 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2017.

What is unit 305 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 E5 sold for AED 1,230,000 to 1,230,000 in the last 12 months, around AED 1,534 per sqft.

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Mortgage on 305, The Polo Residences E5

Starts from the last sale price (AED 700K, 31 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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