1006, Red Residence
Sold prices and rental history: sold twice, last in May 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1006, Red Residence
What is 1006 worth today?
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Source: Dubai Land Department. Updated 1 November 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,113 sqft
- Floor
- 10th of 22
- Parking
- B2-50
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 15,700 /yr
- Last sold
- AED 870K · May 2016
- Building
- Red Residence
About 1006, Red Residence
1006 is a two-bedroom apartment of 1,113 sqft on the 10th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. It last sold on 18 May 2016 for AED 870,000, or AED 781 per sqft, 16% below the AED 934 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 November 2023, is AED 68,000 a year: a gross yield of 7.8% on the 2016 price, before the service charge of about AED 15,700 a year.
Sales and rents for 1006 over time
1006 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Red Residence, and where 1006 sits
All 96 2-beds →1006 last sold in May 2016 at AED 781 per sqft, 16% below what two-beds in Red Residence were fetching at the time (AED 934). Over the last 12 months two-beds sold for AED 650,000 to 950,000, around AED 854 per sqft, and rent for AED 45,000 to 90,000 a year. 1006's AED 68,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jul 202616 July 2026 | 931 sqft | 650,000 | 697 | ||
| 14 Apr 202614 April 2026 | 931 sqft | 820,000 | 880 | ||
| 16 Feb 202616 February 2026 | 934 sqft | 840,000 | 899 | ||
| 17 Jan 202617 January 2026 | 934 sqft | 750,000 | 802 |
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
- 8.8%
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 | |
| 1003 | 1-bed | 824 sqft | AED 660KAED 660,000 · Dec 2015December 2015 | 72,000 /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 | |
| 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 |
1006, Red Residence in numbers
- Sold twice: first on 29 August 2012 for AED 1,374,054, last on 18 May 2016 for AED 870,000 (AED 781 per sqft).
- Rented since April 2019 on 5 Ejari contracts. The rent fell from AED 65,000 to AED 41,000 in 2021 and recovered to AED 68,000 by November 2023.
- At AED 68,000 a year the gross yield on the 2016 price is 7.8%, before a service charge of about AED 15,700 a year (AED 14.13 per sqft).
- Two-beds in Red Residence sold for AED 650,000–950,000 in the 12 months to November 2026; the building's median across all types is AED 799 per sqft.
Source: Dubai Land Department. Updated 1 November 2023.
Questions about 1006, Red Residence
What did unit 1006 last sell for?
AED 870,000 on 18 May 2016: AED 781 per sqft for 1,113 sqft. The unit has 2 registered sales; the first was AED 1,374,054 in August 2012.
What is the rent for unit 1006?
AED 68,000 a year on the contract signed on 1 November 2023. The previous contract, from October 2021, was AED 41,000; the unit has been rented since April 2019.
How big is unit 1006?
1,113 sqft (103.4 sqm): a two-bedroom apartment on the 10th floor of a 22-storey tower completed in 2014.
What is unit 1006 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Red Residence sold for AED 650,000 to 950,000 in the last 12 months, around AED 854 per sqft.
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Mortgage on 1006, Red Residence
Starts from the last sale price (AED 870K, 18 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 870,000
- Deposit, UAE resident (20%)
- AED 174,000
- Deposit, non-resident (40%)
- AED 348,000
- Monthly over 25 years at 3.7%
- AED 3,559
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →