2-bed · 1,117 sqftRed Residence, Dubai Sports City · 15th floor · completed 2014

1508, Red Residence

Sold prices and rental history: sold once, by the developer in August 2015, 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 1508 · DLD and Ejari recordsUpdated 16 August 2015

Last soldAED 1.32M16 August 2015

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Today's valuefree after one verification

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Property timeline for 1508, Red Residence

Today

What is 1508 worth today?

Last sold for AED 1,324,054 in 2015

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16 Aug 2015

16 Aug 2015Sold by developerOff-plan

AED 1,324,054AED 1,185 per sqft

Source: Dubai Land Department. Updated 16 August 2015.

Key facts

Type: 2-bed apartment
Size: 1,117 sqft
Floor: 15th of 22
Parking: B2-118
Developer: ME Development
Completed: 2014
Service charge: AED 15,800 /yr
Last sold: AED 1.32M · August 2015
Building: Red Residence

About 1508, Red Residence

1508 is a two-bedroom apartment of 1,117 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 16 August 2015 for AED 1,324,054, or AED 1,185 per sqft, 27% above the AED 930 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1508 over time

Sales

Unit 1508, each saleTypical two-bed in Red Residence

1508 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1508, 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 1508 sits

All 96 2-beds →

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

1508 last sold in August 2015 at AED 1,185 per sqft, 27% above what two-beds in Red Residence were fetching at the time (AED 930). 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: 8.8%

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
1507	2-bed	970 sqft	AED 881KAED 881,000 · May 2011May 2011
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

1508, Red Residence in numbers

Sold once: by ME Development on 16 August 2015 for AED 1,324,054, or AED 1,185 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 16 August 2015.

Questions about 1508, Red Residence

What did unit 1508 last sell for?

AED 1,324,054 on 16 August 2015, sold by the developer: AED 1,185 per sqft for 1,117 sqft. It is the only registered sale of the unit.

How big is unit 1508?

1,117 sqft (103.8 sqm): a two-bedroom apartment on the 15th floor of a 22-storey tower completed in 2014.

What is unit 1508 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 1508, Red Residence

Starts from the last sale price (AED 1.32M, 16 August 2015). Switch to today's estimate once you have unlocked it.

Price: AED 1,324,054
Deposit, UAE resident (20%): AED 264,811
Deposit, non-resident (40%): AED 529,622
Monthly over 25 years at 3.7%: AED 5,417

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