Home
Dubai prices
About
Research
2-bed · 1,117 sqftRed Residence, Dubai Sports City · 14th floor · completed 2014

1408, Red Residence

Sold prices and rental history: sold once, by the developer in May 2011, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1408 · DLD and Ejari recordsUpdated 19 March 2026
Last soldAED 890K16 May 2011
Current rentAED 90K /yr19 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1408

Property timeline for 1408, Red Residence

What is 1408 worth today?

Last sold for AED 889,871 in 2011

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

19 Mar 2026RentedNew contract
AED 90,000/yr12 months · AED 80 per sqft
25 Apr 2020RentedRenewal
AED 69,403/yr9 months · AED 62 per sqft
25 Apr 2019RentedNew contract
AED 61,500/yr12 months · AED 55 per sqft
16 May 2011Sold by developerOff-plan
AED 889,871AED 796 per sqft

Source: Dubai Land Department. Updated 19 March 2026.

Key facts

Type
2-bed apartment
Size
1,117 sqft
Floor
14th of 22
Parking
B2-105
Developer
ME Development
Completed
2014
Service charge
AED 15,800 /yr
Last sold
AED 890K · May 2011
Building
Red Residence

About 1408, Red Residence

1408 is a two-bedroom apartment of 1,117 sqft on the 14th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 16 May 2011 for AED 889,871, or AED 796 per sqft, 10% below the AED 882 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 19 March 2026, is AED 90,000 a year: a gross yield of 10.1% on the 2011 price, before the service charge of about AED 15,800 a year.

Sales and rents for 1408 over time

Sales
Unit 1408, 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 889,871 (AED 796 per sqft)

1408 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1408, each contractTypical two-bed in Red Residence
50K75K2018202120242027Typical 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, April 2019: AED 61,500 a yearRenewal, April 2020: AED 69,403 a yearNew contract, March 2026: AED 90,000 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 1408 sits

All 96 2-beds →

1408 last sold in May 2011 at AED 796 per sqft, 10% below what two-beds in Red Residence were fetching at the time (AED 882). 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. 1408's AED 90,000 is at the top 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
8.8%
Red Residence, Dubai Sports City: prices, sales and rents →

Other units on the 14th floor

All 330 units in Red Residence
Value
14012-bedAED 630K · Oct 2023
14021-bedAED 684K · Mar 2016
14031-bedAED 368K · Jan 2022
14041-bedAED 420K · Sep 2019
14051-bedAED 330K · Sep 2020
14062-bedAED 919K · Jul 2011
14072-bedAED 955K · Sep 2011
1–7 of 13

1408, Red Residence in numbers

  • Sold once: by ME Development on 16 May 2011 for AED 889,871, or AED 796 per sqft.
  • Rented since April 2019 on 3 Ejari contracts, from AED 61,500 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2011 price is 10.1%, before a service charge of about AED 15,800 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 19 March 2026.

Questions about 1408, Red Residence

What did unit 1408 last sell for?

AED 889,871 on 16 May 2011, sold by the developer: AED 796 per sqft for 1,117 sqft. It is the only registered sale of the unit.

What is the rent for unit 1408?

AED 90,000 a year on the contract signed on 19 March 2026. The previous contract, from April 2020, was AED 69,403; the unit has been rented since April 2019.

How big is unit 1408?

1,117 sqft (103.8 sqm): a two-bedroom apartment on the 14th floor of a 22-storey tower completed in 2014.

What is unit 1408 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.

Selling 1408? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1408, Red Residence

Starts from the last sale price (AED 890K, 16 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 889,871
Deposit, UAE resident (20%)
AED 177,974
Deposit, non-resident (40%)
AED 355,948
Monthly over 25 years at 3.7%
AED 3,641

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