1301, Red Residence
Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1301, Red Residence
What is 1301 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,113 sqft
- Floor
- 13th of 22
- Parking
- B2-84
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 15,700 /yr
- Last sold
- AED 900K · May 2016
- Building
- Red Residence
About 1301, Red Residence
1301 is a two-bedroom apartment of 1,113 sqft on the 13th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 19 May 2016 for AED 900,000, or AED 808 per sqft, 13% below the AED 932 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 72,000 a year: a gross yield of 8.0% on the 2016 price, before the service charge of about AED 15,700 a year.
Sales and rents for 1301 over time
1301 has sold once; 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 1301 sits
All 96 2-beds →1301 last sold in May 2016 at AED 808 per sqft, 13% below what two-beds in Red Residence were fetching at the time (AED 932). 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. 1301's AED 72,000 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
- 8.7%
Other units on the 13th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1302 | 1-bed | 788 sqft | AED 565KAED 565,000 · Mar 2025March 2025 | 60,000 /yr | |
| 1303 | 1-bed | 824 sqft | AED 690KAED 690,000 · Mar 2026March 2026 | 38,000 /yr | |
| 1304 | 1-bed | 824 sqft | AED 600KAED 600,000 · Apr 2017April 2017 | 52,000 /yr | |
| 1305 | 1-bed | 788 sqft | AED 475KAED 475,000 · Nov 2023November 2023 | 55,000 /yr | |
| 1306 | 2-bed | 1,113 sqft | AED 1.18MAED 1,183,350 · Oct 2015October 2015 | 59,400 /yr | |
| 1307 | 2-bed | 883 sqft | AED 822KAED 821,750 · Jul 2015July 2015 | 41,000 /yr | |
| 1308 | 2-bed | 558 sqft | AED 870KAED 870,000 · Mar 2014March 2014 | 68,000 /yr | |
| 1309 | 1-bed | 788 sqft | AED 395KAED 395,000 · Mar 2022March 2022 | 46,000 /yr | |
| 1310 | 1-bed | 818 sqft | AED 610KAED 610,000 · Apr 2025April 2025 | 63,000 /yr | |
| 1311 | 1-bed | 818 sqft | AED 670KAED 670,000 · Feb 2026February 2026 | 61,500 /yr | |
| 1312 | 1-bed | 788 sqft | AED 630KAED 630,000 · May 2026May 2026 | 60,000 /yr | |
| 1313 | 2-bed | 1,117 sqft | AED 835KAED 835,000 · Sep 2025September 2025 | 45,000 /yr | |
| 1314 | 2-bed | 931 sqft | AED 1.1MAED 1,101,014 · May 2012May 2012 |
1301, Red Residence in numbers
- Sold once: by ME Development on 19 May 2016 for AED 900,000, or AED 808 per sqft.
- Rented since April 2018 on 8 Ejari contracts. The rent fell from AED 68,000 to AED 37,995 in 2021 and recovered to AED 72,000 by June 2026.
- At AED 72,000 a year the gross yield on the 2016 price is 8.0%, 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 June 2026.
Questions about 1301, Red Residence
What did unit 1301 last sell for?
AED 900,000 on 19 May 2016, sold by the developer: AED 808 per sqft for 1,113 sqft. It is the only registered sale of the unit.
What is the rent for unit 1301?
AED 72,000 a year on the contract renewed on 1 June 2026. The previous contract, from June 2025, was AED 72,000; the unit has been rented since April 2018.
How big is unit 1301?
1,113 sqft (103.4 sqm): a two-bedroom apartment on the 13th floor of a 22-storey tower completed in 2014.
What is unit 1301 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 1301, Red Residence
Starts from the last sale price (AED 900K, 19 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 900,000
- Deposit, UAE resident (20%)
- AED 180,000
- Deposit, non-resident (40%)
- AED 360,000
- Monthly over 25 years at 3.7%
- AED 3,682
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →