1701, Red Residence
Sold prices and rental history: sold 3 times, last in October 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1701, Red Residence
What is 1701 worth today?
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Source: Dubai Land Department. Updated 10 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,113 sqft
- Floor
- 17th of 22
- Parking
- G-16
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 15,700 /yr
- Last sold
- AED 600K · October 2023
- Building
- Red Residence
About 1701, Red Residence
1701 is a two-bedroom apartment of 1,113 sqft on the 17th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. It last sold on 23 October 2023 for AED 600,000, or AED 538 per sqft, 5% below the AED 565 two-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 10 January 2025, is AED 74,000 a year: a gross yield of 12.3% on the 2023 price, before the service charge of about AED 15,700 a year.
Sales and rents for 1701 over time
1701 has sold 3 times; 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 1701 sits
All 96 2-beds →1701 last sold in October 2023 at AED 538 per sqft, 5% below what two-beds in Red Residence were fetching at the time (AED 565). 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. 1701's AED 74,000 is in the upper 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
- 8.8%
Other units on the 17th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1702 | 1-bed | 788 sqft | AED 580KAED 580,000 · Sep 2026September 2026 | 60,000 /yr | |
| 1703 | 1-bed | 824 sqft | AED 668KAED 668,248 · May 2016May 2016 | ||
| 1704 | 1-bed | 824 sqft | AED 700KAED 700,000 · Nov 2015November 2015 | 58,000 /yr | |
| 1705 | 1-bed | 788 sqft | AED 700KAED 700,000 · May 2017May 2017 | ||
| 1706 | 2-bed | 1,113 sqft | AED 840KAED 840,000 · Apr 2025April 2025 | 68,250 /yr | |
| 1707 | 2-bed | 970 sqft | AED 1.04MAED 1,042,867 · May 2011May 2011 | 65,000 /yr | |
| 1708 | 2-bed | 1,117 sqft | AED 1.33MAED 1,334,054 · Jun 2011June 2011 | 52,600 /yr | |
| 1709 | 1-bed | 788 sqft | AED 580KAED 580,000 · Mar 2025March 2025 | 72,000 /yr | |
| 1710 | 1-bed | 818 sqft | AED 550KAED 550,000 · Jul 2024July 2024 | 32,000 /yr | |
| 1711 | 1-bed | 409 sqft | AED 286KAED 286,320 · Apr 2019April 2019 | 54,000 /yr | |
| 1712 | 1-bed | 788 sqft | AED 606KAED 606,004 · Jan 2017January 2017 | 50,000 /yr | |
| 1713 | 2-bed | 1,117 sqft | AED 850KAED 850,000 · Aug 2025August 2025 | 75,000 /yr | |
| 1714 | 2-bed | 931 sqft | AED 650KAED 650,000 · Jul 2026July 2026 |
1701, Red Residence in numbers
- Sold 3 times: first on 9 November 2011 for AED 1,090,809, last on 23 October 2023 for AED 600,000 (AED 538 per sqft).
- Rented since November 2023 on 3 Ejari contracts, from AED 68,000 to AED 74,000 a year.
- At AED 74,000 a year the gross yield on the 2023 price is 12.3%, 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 10 January 2025.
Questions about 1701, Red Residence
What did unit 1701 last sell for?
AED 600,000 on 23 October 2023: AED 538 per sqft for 1,113 sqft. The unit has 3 registered sales; the first was AED 1,090,809 in November 2011.
What is the rent for unit 1701?
AED 74,000 a year on the contract signed on 10 January 2025. The previous contract, from January 2025, was AED 74,000; the unit has been rented since November 2023.
How big is unit 1701?
1,113 sqft (103.4 sqm): a two-bedroom apartment on the 17th floor of a 22-storey tower completed in 2014.
What is unit 1701 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 1701, Red Residence
Starts from the last sale price (AED 600K, 23 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →