2-bed · 970 sqftRed Residence, Dubai Sports City · 15th floor · completed 2014

1507, Red Residence

Sold prices and rental history: sold once, by the developer in May 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1507 · DLD and Ejari recordsUpdated 4 May 2011

Last soldAED 881K4 May 2011

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Today's valuefree after one verification

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Property timeline for 1507, Red Residence

Today

What is 1507 worth today?

Last sold for AED 881,000 in 2011

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4 May 2011

4 May 2011Sold by developerOff-plan

AED 881,000AED 908 per sqft

Source: Dubai Land Department. Updated 4 May 2011.

Key facts

Type: 2-bed apartment
Size: 970 sqft
Floor: 15th of 22
Parking: B2-117
Developer: ME Development
Completed: 2014
Service charge: AED 13,700 /yr
Last sold: AED 881K · May 2011
Building: Red Residence

About 1507, Red Residence

1507 is a two-bedroom apartment of 970 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 4 May 2011 for AED 881,000, or AED 908 per sqft, in line with the AED 882 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1507 over time

Sales

Unit 1507, each saleTypical two-bed in Red Residence

1507 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1507, each contractTypical two-bed in Red Residence

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 1507 sits

All 96 2-beds →

2-beds in Red Residence · last 12 months854 /sqft Red Residence · all types799 /sqft

1507 last sold in May 2011 at AED 908 per sqft, in line with 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.

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

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 15th floor

All 330 units in Red Residence


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
1503	1-bed	824 sqft	AED 540KAED 540,000 · May 2024May 2024	52,000 /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
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

1–7 of 13

1507, Red Residence in numbers

Sold once: by ME Development on 4 May 2011 for AED 881,000, or AED 908 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 4 May 2011.

Questions about 1507, Red Residence

What did unit 1507 last sell for?

AED 881,000 on 4 May 2011, sold by the developer: AED 908 per sqft for 970 sqft. It is the only registered sale of the unit.

How big is unit 1507?

970 sqft (90.1 sqm): a two-bedroom apartment on the 15th floor of a 22-storey tower completed in 2014.

What is unit 1507 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 1507, Red Residence

Starts from the last sale price (AED 881K, 4 May 2011). Switch to today's estimate once you have unlocked it.

Price: AED 881,000
Deposit, UAE resident (20%): AED 176,200
Deposit, non-resident (40%): AED 352,400
Monthly over 25 years at 3.7%: AED 3,604

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