1606, Red Residence
Sold prices and rental history: sold twice, last in March 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, Red Residence
What is 1606 worth today?
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Source: Dubai Land Department. Updated 6 March 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,113 sqft
- Floor
- 16th of 22
- Parking
- G-7
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 15,700 /yr
- Last sold
- AED 570K · March 2023
- Building
- Red Residence
About 1606, Red Residence
1606 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. It last sold on 6 March 2023 for AED 570,000, or AED 512 per sqft, in line with the AED 499 two-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 10 February 2022, is AED 42,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 15,700 a year.
Sales and rents for 1606 over time
1606 has sold twice; 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 1606 sits
All 96 2-beds →1606 last sold in March 2023 at AED 512 per sqft, in line with what two-beds in Red Residence were fetching at the time (AED 499). 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. 1606's AED 42,000 is at the bottom 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
- 8.8%
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 | |
| 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 | |
| 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 |
1606, Red Residence in numbers
- Sold twice: first on 23 May 2017 for AED 1,260,600, last on 6 March 2023 for AED 570,000 (AED 512 per sqft).
- Rented since October 2019 on 3 Ejari contracts, from AED 50,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2023 price is 7.4%, 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 6 March 2023.
Questions about 1606, Red Residence
What did unit 1606 last sell for?
AED 570,000 on 6 March 2023: AED 512 per sqft for 1,113 sqft. The unit has 2 registered sales; the first was AED 1,260,600 in May 2017.
What is the rent for unit 1606?
AED 42,000 a year on the contract signed on 10 February 2022. The previous contract, from October 2020, was AED 43,000; the unit has been rented since October 2019.
How big is unit 1606?
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 1606 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 1606, Red Residence
Starts from the last sale price (AED 570K, 6 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 570,000
- Deposit, UAE resident (20%)
- AED 114,000
- Deposit, non-resident (40%)
- AED 228,000
- Monthly over 25 years at 3.7%
- AED 2,332
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →