1601, Red Residence
Sold prices and rental history: sold once, by the developer in March 2016, 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 1601, Red Residence
What is 1601 worth today?
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Source: Dubai Land Department. Updated 20 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,113 sqft
- Floor
- 16th of 22
- Parking
- G-2
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 15,700 /yr
- Last sold
- AED 976K · March 2016
- Building
- Red Residence
About 1601, Red Residence
1601 is a two-bedroom apartment of 1,113 sqft on the 16th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 22 March 2016 for AED 975,990, or AED 876 per sqft, 6% below the AED 930 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 20 February 2026, is AED 60,000 a year: a gross yield of 6.2% on the 2016 price, before the service charge of about AED 15,700 a year.
Sales and rents for 1601 over time
1601 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 1601 sits
All 96 2-beds →1601 last sold in March 2016 at AED 876 per sqft, 6% below 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. 1601's AED 60,000 is in the lower 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 16th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 1-bed | 788 sqft | AED 772KAED 772,350 · Oct 2015October 2015 | 45,000 /yr | |
| 1603 | 1-bed | 824 sqft | AED 585KAED 585,000 · Nov 2024November 2024 | 62,000 /yr | |
| 1604 | 1-bed | 824 sqft | AED 680KAED 680,000 · May 2017May 2017 | 60,000 /yr | |
| 1605 | 1-bed | 788 sqft | AED 922KAED 922,180 · Apr 2014April 2014 | 50,000 /yr | |
| 1606 | 2-bed | 1,113 sqft | AED 570KAED 570,000 · Mar 2023March 2023 | 42,000 /yr | |
| 1607 | 2-bed | 970 sqft | AED 875KAED 875,000 · Dec 2025December 2025 | ||
| 1608 | 2-bed | 1,117 sqft | AED 1.07MAED 1,070,650 · May 2011May 2011 | 36,000 /yr | |
| 1609 | 1-bed | 788 sqft | AED 505KAED 505,000 · May 2024May 2024 | 68,000 /yr | |
| 1610 | 1-bed | 818 sqft | AED 620KAED 620,000 · Aug 2024August 2024 | 65,000 /yr | |
| 1611 | 1-bed | 818 sqft | AED 764KAED 763,800 · Oct 2015October 2015 | 44,528 /yr | |
| 1612 | 1-bed | 788 sqft | AED 764KAED 763,800 · May 2011May 2011 | 60,000 /yr | |
| 1613 | 2-bed | 1,117 sqft | AED 920KAED 920,000 · Feb 2016February 2016 | ||
| 1614 | 2-bed | 931 sqft | AED 950KAED 950,000 · Aug 2014August 2014 | 65,000 /yr |
1601, Red Residence in numbers
- Sold once: by ME Development on 22 March 2016 for AED 975,990, or AED 876 per sqft.
- Rented since June 2019 on 5 Ejari contracts. The rent fell from AED 56,000 to AED 40,000 in 2021 and recovered to AED 60,000 by February 2026.
- At AED 60,000 a year the gross yield on the 2016 price is 6.2%, 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 20 February 2026.
Questions about 1601, Red Residence
What did unit 1601 last sell for?
AED 975,990 on 22 March 2016, sold by the developer: AED 876 per sqft for 1,113 sqft. It is the only registered sale of the unit.
What is the rent for unit 1601?
AED 60,000 a year on the contract renewed on 20 February 2026. The previous contract, from February 2025, was AED 55,000; the unit has been rented since June 2019.
How big is unit 1601?
1,113 sqft (103.4 sqm): a two-bedroom apartment on the 16th floor of a 22-storey tower completed in 2014.
What is unit 1601 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 1601, Red Residence
Starts from the last sale price (AED 976K, 22 March 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 975,990
- Deposit, UAE resident (20%)
- AED 195,198
- Deposit, non-resident (40%)
- AED 390,396
- Monthly over 25 years at 3.7%
- AED 3,993
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →