1602, Red Residence
Sold prices and rental history: sold once, by the developer in October 2015, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Red Residence
What is 1602 worth today?
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Source: Dubai Land Department. Updated 1 November 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 788 sqft
- Floor
- 16th of 22
- Parking
- G-3
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 11,100 /yr
- Last sold
- AED 772K · October 2015
- Building
- Red Residence
About 1602, Red Residence
1602 is a one-bedroom apartment of 788 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 26 October 2015 for AED 772,350, or AED 979 per sqft, 6% above the AED 926 one-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 November 2023, is AED 45,000 a year: a gross yield of 5.8% on the 2015 price, before the service charge of about AED 11,100 a year.
Sales and rents for 1602 over time
1602 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 1602 sits
All 202 1-beds →1602 last sold in October 2015 at AED 979 per sqft, 6% above what one-beds in Red Residence were fetching at the time (AED 926). 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. 1602's AED 45,000 is in the lower 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
- 8.8%
Other units on the 16th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,113 sqft | AED 976KAED 975,990 · Mar 2016March 2016 | 60,000 /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 |
1602, Red Residence in numbers
- Sold once: by ME Development on 26 October 2015 for AED 772,350, or AED 979 per sqft.
- Rented since August 2020 on 2 Ejari contracts, from AED 30,000 to AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2015 price is 5.8%, before a service charge of about AED 11,100 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 1 November 2023.
Questions about 1602, Red Residence
What did unit 1602 last sell for?
AED 772,350 on 26 October 2015, sold by the developer: AED 979 per sqft for 788 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 45,000 a year on the contract signed on 1 November 2023. The previous contract, from August 2020, was AED 30,000.
How big is unit 1602?
788 sqft (73.2 sqm): a one-bedroom apartment on the 16th floor of a 22-storey tower completed in 2014.
What is unit 1602 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 1602, Red Residence
Starts from the last sale price (AED 772K, 26 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 772,350
- Deposit, UAE resident (20%)
- AED 154,470
- Deposit, non-resident (40%)
- AED 308,940
- Monthly over 25 years at 3.7%
- AED 3,160
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →