1603, Red Residence
Sold prices and rental history: sold twice, last in November 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Red Residence
What is 1603 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 824 sqft
- Floor
- 16th of 22
- Parking
- G-4
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 11,600 /yr
- Last sold
- AED 585K · November 2024
- Building
- Red Residence
About 1603, Red Residence
1603 is a one-bedroom apartment of 824 sqft on the 16th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. It last sold on 19 November 2024 for AED 585,000, or AED 709 per sqft, 7% above the AED 663 one-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 1 June 2026, is AED 62,000 a year: a gross yield of 10.6% on the 2024 price, before the service charge of about AED 11,600 a year.
Sales and rents for 1603 over time
1603 has sold twice; 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 1603 sits
All 202 1-beds →1603 last sold in November 2024 at AED 709 per sqft, 7% above what one-beds in Red Residence were fetching at the time (AED 663). 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. 1603's AED 62,000 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
- 8.8%
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 | |
| 1602 | 1-bed | 788 sqft | AED 772KAED 772,350 · Oct 2015October 2015 | 45,000 /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 |
1603, Red Residence in numbers
- Sold twice: first on 7 January 2015 for AED 763,800, last on 19 November 2024 for AED 585,000 (AED 709 per sqft).
- Rented since February 2020 on 3 Ejari contracts, from AED 37,000 to AED 62,000 a year.
- At AED 62,000 a year the gross yield on the 2024 price is 10.6%, 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 1 June 2026.
Questions about 1603, Red Residence
What did unit 1603 last sell for?
AED 585,000 on 19 November 2024: AED 709 per sqft for 824 sqft. The unit has 2 registered sales; the first was AED 763,800 in January 2015.
What is the rent for unit 1603?
AED 62,000 a year on the contract signed on 1 June 2026. The previous contract, from December 2024, was AED 62,000; the unit has been rented since February 2020.
How big is unit 1603?
824 sqft (76.6 sqm): a one-bedroom apartment on the 16th floor of a 22-storey tower completed in 2014.
What is unit 1603 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.
Selling 1603? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1603, Red Residence
Starts from the last sale price (AED 585K, 19 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 585,000
- Deposit, UAE resident (20%)
- AED 117,000
- Deposit, non-resident (40%)
- AED 234,000
- Monthly over 25 years at 3.7%
- AED 2,393
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →