1-bed · 775 sqftThe Polo Residences E5, Meydan City · 3rd floor · completed 2017

306, The Polo Residences E5

Sold prices and rental history: sold twice, last in March 2020, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 12 July 2021
Last soldAED 640K8 March 2020
Current rentAED 50K /yr12 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, The Polo Residences E5

What is 306 worth today?

Last sold for AED 640,000 in 2020

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12 Jul 2021RentedNew contract
AED 50,000/yr12 months · AED 65 per sqft
8 Mar 2020SoldReady
AED 640,000AED 825 per sqft
5 Feb 2019RentedNew contract
AED 60,000/yr12 months · AED 77 per sqft
15 Oct 2014Sold by developerOff-plan
AED 1,010,806AED 1,304 per sqft

Source: Dubai Land Department. Updated 12 July 2021.

Key facts

Type
1-bed apartment
Size
775 sqft
Floor
3rd of 4
Parking
G-24
Developer
IGO Property Development
Completed
2017
Service charge
AED 14,800 /yr
Last sold
AED 640K · March 2020

About 306, The Polo Residences E5

306 is a one-bedroom apartment of 775 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 8 March 2020 for AED 640,000, or AED 825 per sqft, 12% below the AED 935 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 12 July 2021, is AED 50,000 a year: a gross yield of 7.8% on the 2020 price, before the service charge of about AED 14,800 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical one-bed in The Polo Residences E5
1M20142017202020232026Typical 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, October 2014: AED 1,010,806 (AED 1,304 per sqft)Sold, March 2020: AED 640,000 (AED 825 per sqft)

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

Rents
Unit 306, 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, February 2019: AED 60,000 a yearNew contract, July 2021: AED 50,000 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 306 sits

All 15 1-beds →

306 last sold in March 2020 at AED 825 per sqft, 12% below what one-beds in The Polo Residences E5 were fetching at the time (AED 935). 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. 306's AED 50,000 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
3051-bedAED 700K · Mar 2022
3072-bedAED 1.81M · Apr 2015
3081-bedAED 1.1M · Feb 2024

306, The Polo Residences E5 in numbers

  • Sold twice: first on 15 October 2014 for AED 1,010,806, last on 8 March 2020 for AED 640,000 (AED 825 per sqft).
  • Rented since February 2019 on 2 Ejari contracts, from AED 60,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2020 price is 7.8%, before a service charge of about AED 14,800 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 12 July 2021.

Questions about 306, The Polo Residences E5

What did unit 306 last sell for?

AED 640,000 on 8 March 2020: AED 825 per sqft for 775 sqft. The unit has 2 registered sales; the first was AED 1,010,806 in October 2014.

What is the rent for unit 306?

AED 50,000 a year on the contract signed on 12 July 2021. The previous contract, from February 2019, was AED 60,000.

How big is unit 306?

775 sqft (72.0 sqm): a one-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. 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 306, The Polo Residences E5

Starts from the last sale price (AED 640K, 8 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 640,000
Deposit, UAE resident (20%)
AED 128,000
Deposit, non-resident (40%)
AED 256,000
Monthly over 25 years at 3.7%
AED 2,618

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