1003, Red Residence
Sold prices and rental history: sold twice, last in December 2015, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1003, Red Residence
What is 1003 worth today?
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Source: Dubai Land Department. Updated 28 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 824 sqft
- Floor
- 10th of 22
- Parking
- B2-47
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 11,600 /yr
- Last sold
- AED 764K · December 2015
- Building
- Red Residence
About 1003, Red Residence
1003 is a one-bedroom apartment of 824 sqft on the 10th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 10 December 2015 for AED 763,800, or AED 926 per sqft, in line with the AED 925 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 28 February 2026, is AED 72,000 a year: a gross yield of 9.4% on the 2015 price, before the service charge of about AED 11,600 a year.
Sales and rents for 1003 over time
1003 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Red Residence, and where 1003 sits
All 202 1-beds →1003 last sold in December 2015 at AED 926 per sqft, in line with what one-beds in Red Residence were fetching at the time (AED 925). Over the last 12 months one-beds sold for AED 550,000 to 690,000, around AED 788 per sqft, and rent for AED 25,000 to 75,000 a year. 1003's AED 72,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Nov 20264 November 2026 | 758 sqft | 550,000 | 726 | ||
| 23 Oct 202623 October 2026 | 761 sqft | 630,000 | 827 | ||
| 25 Sep 202625 September 2026 | 788 sqft | 580,000 | 735 | ||
| 22 Sep 202622 September 2026 | 761 sqft | 590,000 | 774 |
Red Residence
Building330 apartments, studios to 2-bed over 22 floors in Dubai Sports City, completed in 2014 by ME Development. 27 sold in the last 12 months.
- Typical price per sqft
- AED 799 Up 6.5%
- Typical sale
- AED 630K
- Typical rent
- AED 55K /yr
- Typical yield
- 8.7%
Other units on the 10th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 1,113 sqft | AED 650KAED 650,000 · Dec 2023December 2023 | 69,000 /yr | |
| 1002 | 1-bed | 788 sqft | AED 575KAED 575,000 · Sep 2026September 2026 | 47,500 /yr | |
| 1004 | 1-bed | 419 sqft | AED 436KAED 436,012 · Apr 2016April 2016 | ||
| 1005 | 1-bed | 788 sqft | AED 450KAED 450,000 · Oct 2023October 2023 | 55,000 /yr | |
| 1006 | 2-bed | 1,113 sqft | AED 870KAED 870,000 · May 2016May 2016 | 68,000 /yr | |
| 1007 | 2-bed | 970 sqft | AED 730KAED 730,000 · Jan 2025January 2025 | 58,000 /yr | |
| 1008 | 2-bed | 1,117 sqft | AED 635KAED 635,000 · Nov 2019November 2019 | ||
| 1009 | 1-bed | 788 sqft | AED 420KAED 420,000 · Nov 2019November 2019 | ||
| 1010 | 1-bed | 818 sqft | AED 764KAED 763,800 · May 2011May 2011 | 56,500 /yr | |
| 1011 | 1-bed | 818 sqft | AED 470KAED 470,000 · Oct 2019October 2019 | ||
| 1012 | 1-bed | 788 sqft | AED 440KAED 440,000 · May 2023May 2023 | 56,000 /yr | |
| 1013 | 2-bed | 279 sqft | AED 919KAED 918,576 · Jun 2011June 2011 | 77,000 /yr | |
| 1014 | 2-bed | 931 sqft | AED 1.03MAED 1,034,408 · Nov 2011November 2011 | 45,000 /yr |
1003, Red Residence in numbers
- Sold twice: first on 10 December 2015 for AED 660,000, last on 10 December 2015 for AED 763,800 (AED 926 per sqft).
- Rented since September 2020 on 6 Ejari contracts, from AED 40,000 to AED 72,000 a year.
- At AED 72,000 a year the gross yield on the 2015 price is 9.4%, before a service charge of about AED 11,600 a year (AED 14.13 per sqft).
- One-beds in Red Residence sold for AED 550,000–690,000 in the 12 months to November 2026; the building's median across all types is AED 799 per sqft.
Source: Dubai Land Department. Updated 28 February 2026.
Questions about 1003, Red Residence
What did unit 1003 last sell for?
AED 763,800 on 10 December 2015, sold by the developer: AED 926 per sqft for 824 sqft. The unit has 2 registered sales; the first was AED 660,000 in December 2015.
What is the rent for unit 1003?
AED 72,000 a year on the contract signed on 28 February 2026. The previous contract, from October 2024, was AED 48,000; the unit has been rented since September 2020.
How big is unit 1003?
824 sqft (76.6 sqm): a one-bedroom apartment on the 10th floor of a 22-storey tower completed in 2014.
What is unit 1003 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Red Residence sold for AED 550,000 to 690,000 in the last 12 months, around AED 788 per sqft.
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Mortgage on 1003, Red Residence
Starts from the last sale price (AED 764K, 10 December 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 763,800
- Deposit, UAE resident (20%)
- AED 152,760
- Deposit, non-resident (40%)
- AED 305,520
- Monthly over 25 years at 3.7%
- AED 3,125
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →