1012, Red Residence
Sold prices and rental history: sold twice, last in May 2023, 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 1012, Red Residence
What is 1012 worth today?
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Source: Dubai Land Department. Updated 23 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 788 sqft
- Floor
- 10th of 22
- Parking
- B2-56
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 11,100 /yr
- Last sold
- AED 440K · May 2023
- Building
- Red Residence
About 1012, Red Residence
1012 is a one-bedroom apartment of 788 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 17 May 2023 for AED 440,000, or AED 558 per sqft, 9% above the AED 510 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, signed on 23 January 2025, is AED 56,000 a year: a gross yield of 12.7% on the 2023 price, before the service charge of about AED 11,100 a year.
Sales and rents for 1012 over time
1012 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 1012 sits
All 202 1-beds →1012 last sold in May 2023 at AED 558 per sqft, 9% above what one-beds in Red Residence were fetching at the time (AED 510). 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. 1012's AED 56,000 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 | |
| 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 | |
| 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 | ||
| 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 |
1012, Red Residence in numbers
- Sold twice: first on 30 June 2015 for AED 763,800, last on 17 May 2023 for AED 440,000 (AED 558 per sqft).
- Rented since May 2019 on 8 Ejari contracts. The rent fell from AED 42,000 to AED 32,000 in 2021 and recovered to AED 56,000 by January 2025.
- At AED 56,000 a year the gross yield on the 2023 price is 12.7%, before a service charge of about AED 11,100 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 23 January 2025.
Questions about 1012, Red Residence
What did unit 1012 last sell for?
AED 440,000 on 17 May 2023: AED 558 per sqft for 788 sqft. The unit has 2 registered sales; the first was AED 763,800 in June 2015.
What is the rent for unit 1012?
AED 56,000 a year on the contract signed on 23 January 2025. The previous contract, from January 2025, was AED 56,000; the unit has been rented since May 2019.
How big is unit 1012?
788 sqft (73.2 sqm): a one-bedroom apartment on the 10th floor of a 22-storey tower completed in 2014.
What is unit 1012 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 1012, Red Residence
Starts from the last sale price (AED 440K, 17 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 440,000
- Deposit, UAE resident (20%)
- AED 88,000
- Deposit, non-resident (40%)
- AED 176,000
- Monthly over 25 years at 3.7%
- AED 1,800
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →