2-bed · 1,534 sqftThe Polo Residences B4, Meydan City · 3rd floor · completed 2017

307, The Polo Residences B4

Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 22 November 2024
Last soldAED 1.9M15 July 2024
Current rentAED 121K /yr22 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, The Polo Residences B4

What is 307 worth today?

Last sold for AED 1,900,000 in 2024

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22 Nov 2024RentedNew contract
AED 121,000/yr12 months · AED 79 per sqft
15 Jul 2024SoldReady
AED 1,900,000AED 1,238 per sqft
22 Nov 2023RentedRenewal
AED 110,000/yr12 months · AED 71 per sqft
22 Nov 2022RentedRenewal
AED 95,000/yr12 months · AED 62 per sqft
8 Nov 2020RentedNew contract
AED 85,000/yr12 months · AED 55 per sqft
10 Nov 2017RentedNew contract
AED 120,000/yr12 months · AED 78 per sqft
16 Apr 2017SoldReady
AED 1,550,000AED 1,010 per sqft
28 Sep 2014Sold by developerOff-plan
AED 2,013,000AED 1,312 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 November 2024.

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 21,100 /yr
Last sold
AED 1.9M · July 2024

About 307, The Polo Residences B4

307 is a two-bedroom apartment of 1,534 sqft on the 3rd floor of The Polo Residences B4, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 15 July 2024 for AED 1,900,000, or AED 1,238 per sqft, in line with the AED 1,246 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 22 November 2024, is AED 121,000 a year: a gross yield of 6.4% on the 2024 price, before the service charge of about AED 21,100 a year.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical two-bed in The Polo Residences B4
1.5M2M2.5M2014201720202023Typical sale price by year: 2014 AED 1,983,975; 2016 AED 2,631,828; 2017 AED 1,772,283; 2022 AED 2,000,000; 2023 AED 2,100,000; 2024 AED 1,925,000Sold by developer, September 2014: AED 2,013,000 (AED 1,312 per sqft)Sold, April 2017: AED 1,550,000 (AED 1,010 per sqft)Sold, July 2024: AED 1,900,000 (AED 1,238 per sqft)

307 has sold 3 times; 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 B4
100K150K2017202020232026Typical rent by year: 2017 AED 120,000; 2018 AED 105,000; 2019 AED 100,000; 2020 AED 86,000; 2021 AED 99,724; 2022 AED 102,500; 2023 AED 110,000; 2024 AED 126,500; 2025 AED 150,000; 2026 AED 111,573New contract, November 2017: AED 120,000 a yearNew contract, November 2020: AED 85,000 a yearRenewal, November 2022: AED 95,000 a yearRenewal, November 2023: AED 110,000 a yearNew contract, November 2024: AED 121,000 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 B4, and where 307 sits

All 15 2-beds →

307 last sold in July 2024 at AED 1,238 per sqft, in line with what two-beds in The Polo Residences B4 were fetching at the time (AED 1,246). Over the last 12 months two-beds sold for AED 2,650,000, around AED 1,726 per sqft, and rent for AED 111,573 to 210,000 a year. 307's AED 121,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Dec 20252,650,000
23 Apr 20252,500,000
24 Jul 20243,130,000
12 Jan 20241,925,000
1 2-bed sale in the last 12 months

The Polo Residences B4

Building

30 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 1,726
Typical sale
AED 2.65M
Typical rent
AED 104K /yr
Typical yield
4.7%
The Polo Residences B4, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 30 units in The Polo Residences B4
Value
3011-bedAED 1.09M · Dec 2014
3022-bedAED 1.78M · Apr 2015
3032-bedAED 940K · Jul 2023
3041-bedAED 1.1M · Dec 2014
3051-bedAED 1.09M · Dec 2014
3061-bedAED 1.09M · Dec 2014
3082-bedAED 1.93M · Jan 2024
1–7 of 8

307, The Polo Residences B4 in numbers

  • Sold 3 times: first on 28 September 2014 for AED 2,013,000, last on 15 July 2024 for AED 1,900,000 (AED 1,238 per sqft).
  • Rented since November 2017 on 5 Ejari contracts. The rent fell from AED 120,000 to AED 85,000 in 2020 and recovered to AED 121,000 by November 2024.
  • At AED 121,000 a year the gross yield on the 2024 price is 6.4%, before a service charge of about AED 21,100 a year (AED 13.76 per sqft).
  • Two-beds in The Polo Residences B4 sold for AED 2,650,000–2,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,726 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 22 November 2024.

Questions about 307, The Polo Residences B4

What did unit 307 last sell for?

AED 1,900,000 on 15 July 2024: AED 1,238 per sqft for 1,534 sqft. The unit has 3 registered sales; the first was AED 2,013,000 in September 2014.

What is the rent for unit 307?

AED 121,000 a year on the contract signed on 22 November 2024. The previous contract, from November 2023, was AED 110,000; the unit has been rented since November 2017.

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 B4 sold for AED 2,650,000 to 2,650,000 in the last 12 months, around AED 1,726 per sqft.

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Mortgage on 307, The Polo Residences B4

Starts from the last sale price (AED 1.9M, 15 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

Plus AED 84,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →