Meydan Avenue
The Polo Residence
IGO PROPERTY DEVELOPMENT L.L.C - FZ · Selling since 2013 · recent sales mostly resales
Median per sqft
AED 1,760/sqft
3yr CAGR
+16.4%
5yr projection (1,000 sqft)
AED 2,317,944
AED 1,124,304 to AED 3,583,601, from 12 years of this project's own history. A trend, not a forecast.
Confidence
Wide range
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in The Polo Residence — not an asking price, and not this project’s overall median, which mixes every unit size together.
Price per sqft trend
What it returns
A year’s rent against what that size actually sold for in The Polo Residence over the same twelve months. Prices are this project’s own registered sales. Rents marked this building are registered new tenancies in The Polo Residence itself; the rest are homes of the same size in Meydan Avenue, used where Ejari did not name the building.
| Size | Costs now | Rents for | Gross yield | Sales behind it |
|---|---|---|---|---|
| 1 bed | AED 1.19M | AED 80,000/yrthis building · 126 new lets | 6.7% | 55 |
| 2 beds | AED 2.52M | AED 150,000/yrthis building · 70 new lets | 5.9% | 49 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a 1 bed here reads 7.8% instead of 6.7%, because it prices the home at AED 1.02M — the median across every sale on record — rather than the AED 1.19M it costs today. Every figure above uses the same twelve months on both sides.
What it returns after service charges
Starting from this building’s own owners-association budget for 2023 — AED 16/sqft, as filed with the Land Department. Charges have risen since then and the filing is matched to this page by name, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| 1 bed | AED 13,128 | AED 66,872 | 6.7% | 5.6% |
| 2 beds | AED 24,554 | AED 125,446 | 5.9% | 5.0% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Due diligence
Price vs. Meydan Avenue median
-47.8%
Priced at or below the area's real median.
Developer track record
1,794 real transactions
2 completed · 0 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
Nearest school
2.3 km
Hartland International School
Nearest supermarket
547 m
Grand Fresh
Schools
- Hartland International School2.3 km
- North London Collegiate School2.4 km
Supermarkets
- Grand Fresh547 m
- Fair Mart771 m
- Spinneys826 m
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