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2-bed · 970 sqftRed Residence, Dubai Sports City · 11th floor · completed 2014

1107, Red Residence

Sold prices and rental history: sold once, by the developer in May 2011, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1107 · DLD and Ejari recordsUpdated 1 June 2021
Last soldAED 822K1 May 2011
Current rentAED 45K /yr1 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1107, Red Residence

What is 1107 worth today?

Last sold for AED 821,750 in 2011

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1 Jun 2021RentedRenewal
AED 45,000/yr12 months · AED 46 per sqft
1 Jun 2020RentedNew contract
AED 45,000/yr12 months · AED 46 per sqft
10 Aug 2018RentedNew contract
AED 55,000/yr12 months · AED 57 per sqft
1 May 2011Sold by developerOff-plan
AED 821,750AED 847 per sqft

Source: Dubai Land Department. Updated 1 June 2021.

Key facts

Type
2-bed apartment
Size
970 sqft
Floor
11th of 22
Parking
B2-63
Developer
ME Development
Completed
2014
Service charge
AED 13,700 /yr
Last sold
AED 822K · May 2011
Building
Red Residence

About 1107, Red Residence

1107 is a two-bedroom apartment of 970 sqft on the 11th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 1 May 2011 for AED 821,750, or AED 847 per sqft, in line with the AED 847 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 1 June 2021, is AED 45,000 a year: a gross yield of 5.5% on the 2011 price, before the service charge of about AED 13,700 a year.

Sales and rents for 1107 over time

Sales
Unit 1107, each saleTypical two-bed in Red Residence
500K750K1M20112015201920232027Typical sale price by year: 2011 AED 1,016,333; 2012 AED 1,002,372; 2013 AED 625,025; 2014 AED 925,000; 2015 AED 1,049,625; 2016 AED 885,000; 2017 AED 900,000; 2019 AED 630,000; 2021 AED 537,500; 2023 AED 630,000; 2024 AED 685,000; 2025 AED 830,000; 2026 AED 820,000Sold by developer, May 2011: AED 821,750 (AED 847 per sqft)

1107 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1107, each contractTypical two-bed in Red Residence
40K60K2018202120242027Typical rent by year: 2018 AED 60,000; 2019 AED 53,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 45,000; 2023 AED 54,000; 2024 AED 64,000; 2025 AED 70,000; 2026 AED 73,500New contract, August 2018: AED 55,000 a yearNew contract, June 2020: AED 45,000 a yearRenewal, June 2021: AED 45,000 a year

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 1107 sits

All 96 2-beds →

1107 last sold in May 2011 at AED 847 per sqft, in line with what two-beds in Red Residence were fetching at the time (AED 847). 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. 1107's AED 45,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Jul 2026650,000
14 Apr 2026820,000
16 Feb 2026840,000
17 Jan 2026750,000
8 2-bed sales in the last 12 months

Red Residence

Building

330 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%
Red Residence, Dubai Sports City: prices, sales and rents →

Other units on the 11th floor

All 330 units in Red Residence
Value
11012-bedAED 1.18M · Oct 2015
11021-bedAED 764K · May 2011
11031-bedAED 612K · Sep 2015
11041-bedAED 764K · Jul 2011
11051-bedAED 350K · Oct 2020
11062-bedAED 1.18M · Oct 2015
11082-bedAED 825K · Jun 2025
1–7 of 13

1107, Red Residence in numbers

  • Sold once: by ME Development on 1 May 2011 for AED 821,750, or AED 847 per sqft.
  • Rented since August 2018 on 3 Ejari contracts, from AED 55,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2011 price is 5.5%, 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 1 June 2021.

Questions about 1107, Red Residence

What did unit 1107 last sell for?

AED 821,750 on 1 May 2011, sold by the developer: AED 847 per sqft for 970 sqft. It is the only registered sale of the unit.

What is the rent for unit 1107?

AED 45,000 a year on the contract renewed on 1 June 2021. The previous contract, from June 2020, was AED 45,000; the unit has been rented since August 2018.

How big is unit 1107?

970 sqft (90.1 sqm): a two-bedroom apartment on the 11th floor of a 22-storey tower completed in 2014.

What is unit 1107 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 1107, Red Residence

Starts from the last sale price (AED 822K, 1 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 821,750
Deposit, UAE resident (20%)
AED 164,350
Deposit, non-resident (40%)
AED 328,700
Monthly over 25 years at 3.7%
AED 3,362

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →