1503, Red Residence
Sold prices and rental history: sold once, by the developer in May 2024, 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 1503, Red Residence
What is 1503 worth today?
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Source: Dubai Land Department. Updated 20 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 824 sqft
- Floor
- 15th of 22
- Parking
- B2-113
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 11,600 /yr
- Last sold
- AED 540K · May 2024
- Building
- Red Residence
About 1503, Red Residence
1503 is a one-bedroom apartment of 824 sqft on the 15th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 10 May 2024 for AED 540,000, or AED 655 per sqft, 7% above the AED 611 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 20 September 2026, is AED 52,000 a year: a gross yield of 9.6% on the 2024 price, before the service charge of about AED 11,600 a year.
Sales and rents for 1503 over time
1503 has sold once; 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 1503 sits
All 202 1-beds →1503 last sold in May 2024 at AED 655 per sqft, 7% above what one-beds in Red Residence were fetching at the time (AED 611). 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. 1503's AED 52,000 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 15th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,113 sqft | AED 1.37MAED 1,374,054 · Apr 2011April 2011 | 85,237 /yr | |
| 1502 | 1-bed | 788 sqft | AED 610KAED 610,000 · Oct 2015October 2015 | 46,200 /yr | |
| 1504 | 1-bed | 824 sqft | AED 210KAED 210,000 · Aug 2019August 2019 | 46,200 /yr | |
| 1505 | 1-bed | 788 sqft | AED 765KAED 764,503 · Jun 2011June 2011 | 45,000 /yr | |
| 1506 | 2-bed | 1,113 sqft | AED 1.43MAED 1,427,400 · Jun 2011June 2011 | ||
| 1507 | 2-bed | 970 sqft | AED 881KAED 881,000 · May 2011May 2011 | ||
| 1508 | 2-bed | 1,117 sqft | AED 1.32MAED 1,324,054 · Aug 2015August 2015 | ||
| 1509 | 1-bed | 788 sqft | AED 770KAED 769,500 · Jul 2015July 2015 | 58,000 /yr | |
| 1510 | 1-bed | 818 sqft | AED 425KAED 425,000 · Oct 2023October 2023 | 55,000 /yr | |
| 1511 | 1-bed | 818 sqft | AED 650KAED 650,000 · Feb 2026February 2026 | 32,000 /yr | |
| 1512 | 1-bed | 788 sqft | AED 838KAED 838,105 · May 2016May 2016 | 50,000 /yr | |
| 1513 | 2-bed | 1,117 sqft | AED 900KAED 900,000 · Feb 2017February 2017 | 70,000 /yr | |
| 1514 | 2-bed | 931 sqft | AED 1MAED 1,000,000 · Aug 2012August 2012 | 65,000 /yr |
1503, Red Residence in numbers
- Sold once: by ME Development on 10 May 2024 for AED 540,000, or AED 655 per sqft.
- Rented since August 2019 on 8 Ejari contracts. The rent fell from AED 40,000 to AED 33,000 in 2021 and recovered to AED 52,000 by September 2026.
- At AED 52,000 a year the gross yield on the 2024 price is 9.6%, before a service charge of about AED 11,600 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 20 September 2026.
Questions about 1503, Red Residence
What did unit 1503 last sell for?
AED 540,000 on 10 May 2024, sold by the developer: AED 655 per sqft for 824 sqft. It is the only registered sale of the unit.
What is the rent for unit 1503?
AED 52,000 a year on the contract signed on 20 September 2026. The previous contract, from June 2025, was AED 55,000; the unit has been rented since August 2019.
How big is unit 1503?
824 sqft (76.6 sqm): a one-bedroom apartment on the 15th floor of a 22-storey tower completed in 2014.
What is unit 1503 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 1503, Red Residence
Starts from the last sale price (AED 540K, 10 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 540,000
- Deposit, UAE resident (20%)
- AED 108,000
- Deposit, non-resident (40%)
- AED 216,000
- Monthly over 25 years at 3.7%
- AED 2,209
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →