2-bed · 1,534 sqftThe Polo Residences D5, Meydan City · 3rd floor · completed 2017

303, The Polo Residences D5

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

Unit 303 · DLD and Ejari recordsUpdated 19 September 2024
Last soldAED 2.05M15 May 2024
Current rentAED 118K /yr19 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, The Polo Residences D5

What is 303 worth today?

Last sold for AED 2,050,000 in 2024

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19 Sep 2024RentedNew contract
AED 118,278/yr12 months · AED 77 per sqft
15 May 2024SoldReady
AED 2,050,000AED 1,336 per sqft
19 Sep 2023RentedRenewal
AED 102,850/yr12 months · AED 67 per sqft
19 Sep 2022RentedRenewal
AED 93,500/yr12 months · AED 61 per sqft
1 Jul 2020RentedNew contract
AED 85,000/yr13 months · AED 55 per sqft
21 Feb 2019RentedNew contract
AED 100,000/yr12 months · AED 65 per sqft
23 Nov 2017RentedNew contract
AED 120,000/yr12 months · AED 78 per sqft
9 Mar 2016Sold by developerOff-plan
AED 1,872,700AED 1,220 per sqft

Source: Dubai Land Department. Updated 19 September 2024.

Key facts

Type
2-bed apartment
Size
1,534 sqft
Floor
3rd of 4
Parking
G-09
Developer
IGO Property Development
Completed
2017
Service charge
AED 21,800 /yr
Last sold
AED 2.05M · May 2024

About 303, The Polo Residences D5

303 is a two-bedroom apartment of 1,534 sqft on the 3rd floor of The Polo Residences D5, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 15 May 2024 for AED 2,050,000, or AED 1,336 per sqft, in line with the AED 1,336 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 19 September 2024, is AED 118,278 a year: a gross yield of 5.8% on the 2024 price, before the service charge of about AED 21,800 a year.

Sales and rents for 303 over time

Sales
Unit 303, each saleTypical two-bed in The Polo Residences D5
1.9M2M2015201820212024Typical sale price by year: 2015 AED 1,854,074; 2016 AED 1,882,860; 2017 AED 1,872,700; 2023 AED 2,000,000; 2024 AED 2,025,000Sold by developer, March 2016: AED 1,872,700 (AED 1,220 per sqft)Sold, May 2024: AED 2,050,000 (AED 1,336 per sqft)

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

Rents
Unit 303, each contractTypical two-bed in The Polo Residences D5
80K100K120K201720202023Typical rent by year: 2017 AED 113,750; 2018 AED 100,000; 2019 AED 97,500; 2020 AED 85,000; 2021 AED 82,000; 2022 AED 92,950; 2023 AED 101,038; 2024 AED 119,139New contract, November 2017: AED 120,000 a yearNew contract, February 2019: AED 100,000 a yearNew contract, July 2020: AED 85,000 a yearRenewal, September 2022: AED 93,500 a yearRenewal, September 2023: AED 102,850 a yearNew contract, September 2024: AED 118,278 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 D5, and where 303 sits

All 11 2-beds →

303 last sold in May 2024 at AED 1,336 per sqft, in line with what two-beds in The Polo Residences D5 were fetching at the time (AED 1,336).

Recent 2-bed salesUnit no.Price (AED)Summary
1 Nov 20241,950,000
10 Sep 20242,000,000
16 May 20242,075,000
7 May 20242,125,000
0 2-bed sales in the last 12 months

The Polo Residences D5

Building

30 apartments, 1-bed to 3-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 112
Typical sale
AED 92K
Typical rent
AED 77K /yr
Typical yield
82.7%
The Polo Residences D5, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 30 units in The Polo Residences D5
Value
3011-bedAED 750K · Oct 2019
3022-bedAED 2M · Mar 2024
3041-bedAED 950K · Dec 2023
3051-bedAED 650K · Jun 2021
3061-bedAED 650K · Jun 2021
3072-bedAED 1.75M · Aug 2023
3082-bedAED 2.3M · Dec 2023
1–7 of 8

303, The Polo Residences D5 in numbers

  • Sold twice: first on 9 March 2016 for AED 1,872,700, last on 15 May 2024 for AED 2,050,000 (AED 1,336 per sqft).
  • Rented since November 2017 on 6 Ejari contracts. The rent fell from AED 120,000 to AED 85,000 in 2020 and recovered to AED 118,278 by September 2024.
  • At AED 118,278 a year the gross yield on the 2024 price is 5.8%, before a service charge of about AED 21,800 a year (AED 14.21 per sqft).

Source: Dubai Land Department. Updated 19 September 2024.

Questions about 303, The Polo Residences D5

What did unit 303 last sell for?

AED 2,050,000 on 15 May 2024: AED 1,336 per sqft for 1,534 sqft. The unit has 2 registered sales; the first was AED 1,872,700 in March 2016.

What is the rent for unit 303?

AED 118,278 a year on the contract signed on 19 September 2024. The previous contract, from September 2023, was AED 102,850; the unit has been rented since November 2017.

How big is unit 303?

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 303 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 303, The Polo Residences D5

Starts from the last sale price (AED 2.05M, 15 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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