2-bed · 1,554 sqftThe Polo Residences E1, Meydan City · 1st floor · completed 2017

106, The Polo Residences E1

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 106 · DLD and Ejari recordsUpdated 28 November 2024
Last soldAED 2.4M28 November 2024
Current rentAED 100K /yr11 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 106, The Polo Residences E1

What is 106 worth today?

Last sold for AED 2,400,000 in 2024

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28 Nov 2024SoldReady
AED 2,400,000AED 1,543 per sqft
11 Feb 2024RentedRenewal
AED 99,749/yr9 months · AED 64 per sqft
11 Feb 2023RentedRenewal
AED 95,000/yr12 months · AED 61 per sqft
11 Feb 2022RentedRenewal
AED 85,000/yr12 months · AED 55 per sqft
2 Jan 2020RentedNew contract
AED 90,000/yr12 months · AED 58 per sqft
15 Oct 2018RentedRenewal
AED 108,000/yr12 months · AED 70 per sqft
28 Oct 2014Sold by developerOff-plan
AED 1,639,375AED 1,054 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 28 November 2024.

Key facts

Type
2-bed apartment
Size
1,554 sqft
Floor
1st of 4
Parking
G-20
Developer
IGO Property Development
Completed
2017
Service charge
AED 25,900 /yr
Last sold
AED 2.4M · November 2024

About 106, The Polo Residences E1

106 is a two-bedroom apartment of 1,554 sqft on the 1st floor of The Polo Residences E1, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 28 November 2024 for AED 2,400,000, or AED 1,543 per sqft, 7% above the AED 1,447 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 11 February 2024, is AED 99,749 a year: a gross yield of 4.2% on the 2024 price, before the service charge of about AED 25,900 a year.

Sales and rents for 106 over time

Sales
Unit 106, each saleTypical two-bed in The Polo Residences E1
1M2M2014201720202023Typical sale price by year: 2014 AED 1,639,375; 2018 AED 800,000; 2023 AED 2,000,000; 2024 AED 2,400,000Sold by developer, October 2014: AED 1,639,375 (AED 1,054 per sqft)Sold, November 2024: AED 2,400,000 (AED 1,543 per sqft)

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

Rents
Unit 106, each contractTypical two-bed in The Polo Residences E1
80K100K2017201920212023Typical rent by year: 2017 AED 114,000; 2018 AED 110,769; 2019 AED 100,000; 2020 AED 89,880; 2021 AED 85,000; 2022 AED 85,000; 2023 AED 93,992Renewal, October 2018: AED 108,000 a yearNew contract, January 2020: AED 90,000 a yearRenewal, February 2022: AED 85,000 a yearRenewal, February 2023: AED 95,000 a yearRenewal, February 2024: AED 99,749 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 E1, and where 106 sits

All 15 2-beds →

106 last sold in November 2024 at AED 1,543 per sqft, 7% above what two-beds in The Polo Residences E1 were fetching at the time (AED 1,447).

Recent 2-bed salesUnit no.Price (AED)Summary
16 Jun 20252,582,317
24 Mar 20252,400,000
13 Nov 20242,800,000
7 Aug 20242,400,000
0 2-bed sales in the last 12 months

The Polo Residences E1

Building

31 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 1,718
Typical sale
AED 1.55M
Typical rent
AED 170K /yr
Typical yield
6.4%
The Polo Residences E1, Meydan City: prices, sales and rents →

Other units on the 1st floor

All 31 units in The Polo Residences E1
Value
101AED 1.46M · Apr 2016
1021-bedAED 1.2M · Nov 2014
1032-bedAED 1.87M · Sep 2023
1041-bedAED 1.05M · Jan 2018
1051-bedAED 787K · Nov 2018
1071-bedAED 1.55M · Feb 2025
1082-bedAED 2.1M · Feb 2024
1–7 of 8

106, The Polo Residences E1 in numbers

  • Sold twice: first on 28 October 2014 for AED 1,639,375, last on 28 November 2024 for AED 2,400,000 (AED 1,543 per sqft).
  • Rented since October 2018 on 5 Ejari contracts. The rent fell from AED 108,000 to AED 85,000 in 2022 and recovered to AED 99,749 by February 2024.
  • At AED 99,749 a year the gross yield on the 2024 price is 4.2%, before a service charge of about AED 25,900 a year (AED 16.63 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 28 November 2024.

Questions about 106, The Polo Residences E1

What did unit 106 last sell for?

AED 2,400,000 on 28 November 2024: AED 1,543 per sqft for 1,554 sqft. The unit has 2 registered sales; the first was AED 1,639,375 in October 2014.

What is the rent for unit 106?

AED 99,749 a year on the contract renewed on 11 February 2024. The previous contract, from February 2023, was AED 95,000; the unit has been rented since October 2018.

How big is unit 106?

1,554 sqft (144.4 sqm): a two-bedroom apartment on the 1st floor of a 4-storey tower completed in 2017.

What is unit 106 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 106, The Polo Residences E1

Starts from the last sale price (AED 2.4M, 28 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

Plus AED 105,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →