1007, Red Residence
Sold prices and rental history: sold 3 times, last in January 2025, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1007, Red Residence
What is 1007 worth today?
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Source: Dubai Land Department. Updated 13 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 970 sqft
- Floor
- 10th of 22
- Parking
- B2-51
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 13,700 /yr
- Last sold
- AED 730K · January 2025
- Building
- Red Residence
About 1007, Red Residence
1007 is a two-bedroom apartment of 970 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 13 January 2025 for AED 730,000, or AED 752 per sqft, 7% above the AED 703 two-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 5 November 2023, is AED 58,000 a year: a gross yield of 8.0% on the 2025 price, before the service charge of about AED 13,700 a year.
Sales and rents for 1007 over time
1007 has sold 3 times; 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 1007 sits
All 96 2-beds →1007 last sold in January 2025 at AED 752 per sqft, 7% above what two-beds in Red Residence were fetching at the time (AED 703). 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. 1007's AED 58,000 is in the lower 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
- 8.7%
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 | |
| 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 | |
| 1006 | 2-bed | 1,113 sqft | AED 870KAED 870,000 · May 2016May 2016 | 68,000 /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 |
1007, Red Residence in numbers
- Sold 3 times: first on 3 May 2011 for AED 821,750, last on 13 January 2025 for AED 730,000 (AED 752 per sqft).
- Rented since August 2021 on 3 Ejari contracts, from AED 35,000 to AED 58,000 a year.
- At AED 58,000 a year the gross yield on the 2025 price is 8.0%, before a service charge of about AED 13,700 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 13 January 2025.
Questions about 1007, Red Residence
What did unit 1007 last sell for?
AED 730,000 on 13 January 2025: AED 752 per sqft for 970 sqft. The unit has 3 registered sales; the first was AED 821,750 in May 2011.
What is the rent for unit 1007?
AED 58,000 a year on the contract signed on 5 November 2023. The previous contract, from August 2022, was AED 41,775; the unit has been rented since August 2021.
How big is unit 1007?
970 sqft (90.1 sqm): a two-bedroom apartment on the 10th floor of a 22-storey tower completed in 2014.
What is unit 1007 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 1007, Red Residence
Starts from the last sale price (AED 730K, 13 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 730,000
- Deposit, UAE resident (20%)
- AED 146,000
- Deposit, non-resident (40%)
- AED 292,000
- Monthly over 25 years at 3.7%
- AED 2,987
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →