2-bed · 931 sqftRed Residence, Dubai Sports City · 18th floor · completed 2014

1814, Red Residence

Sold prices and rental history: sold once, by the developer in October 2011, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1814 · DLD and Ejari recordsUpdated 20 December 2021
Last soldAED 822K9 October 2011
Current rentAED 40K /yr20 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1814, Red Residence

What is 1814 worth today?

Last sold for AED 821,750 in 2011

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20 Dec 2021RentedRenewal
AED 40,000/yr12 months · AED 43 per sqft
20 Dec 2020RentedRenewal
AED 40,000/yr12 months · AED 43 per sqft
20 Dec 2019RentedRenewal
AED 45,000/yr12 months · AED 48 per sqft
20 Dec 2018RentedNew contract
AED 50,000/yr12 months · AED 53 per sqft
9 Oct 2011Sold by developerOff-plan
AED 821,750AED 882 per sqft

Source: Dubai Land Department. Updated 20 December 2021.

Key facts

Type
2-bed apartment
Size
931 sqft
Floor
18th of 22
Parking
G-42
Developer
ME Development
Completed
2014
Service charge
AED 13,200 /yr
Last sold
AED 822K · October 2011

About 1814, Red Residence

1814 is a two-bedroom apartment of 931 sqft on the 18th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 9 October 2011 for AED 821,750, or AED 882 per sqft, 5% below the AED 928 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 20 December 2021, is AED 40,000 a year: a gross yield of 4.9% on the 2011 price, before the service charge of about AED 13,200 a year.

Sales and rents for 1814 over time

Sales
Unit 1814, each saleTypical two-bed in Red Residence
500K750K1M20112015201920232027Typical sale price by year: 2011 AED 1,016,333; 2012 AED 1,002,372; 2013 AED 625,025; 2014 AED 925,000; 2015 AED 1,049,625; 2016 AED 885,000; 2017 AED 900,000; 2019 AED 630,000; 2021 AED 537,500; 2023 AED 630,000; 2024 AED 685,000; 2025 AED 830,000; 2026 AED 820,000Sold by developer, October 2011: AED 821,750 (AED 882 per sqft)

1814 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1814, each contractTypical two-bed in Red Residence
40K60K2018202120242027Typical rent by year: 2018 AED 60,000; 2019 AED 53,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 45,000; 2023 AED 54,000; 2024 AED 64,000; 2025 AED 70,000; 2026 AED 73,500New contract, December 2018: AED 50,000 a yearRenewal, December 2019: AED 45,000 a yearRenewal, December 2020: AED 40,000 a yearRenewal, December 2021: AED 40,000 a year

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 1814 sits

All 96 2-beds →

1814 last sold in October 2011 at AED 882 per sqft, 5% below what two-beds in Red Residence were fetching at the time (AED 928). 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. 1814's AED 40,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Jul 2026650,000
14 Apr 2026820,000
16 Feb 2026840,000
17 Jan 2026750,000
8 2-bed sales in the last 12 months

Red Residence

Building

330 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%
Red Residence, Dubai Sports City: prices, sales and rents →

Other units on the 18th floor

All 330 units in Red Residence
Value
18012-bedAED 824K · Aug 2012
18021-bedAED 525K · Feb 2024
18031-bedAED 580K · Feb 2025
18041-bedAED 764K · Sep 2010
18051-bedAED 580K · Oct 2024
18062-bedAED 550K · Sep 2021
18072-bedAED 830K · Nov 2025
1–7 of 13

1814, Red Residence in numbers

  • Sold once: by ME Development on 9 October 2011 for AED 821,750, or AED 882 per sqft.
  • Rented since December 2018 on 4 Ejari contracts, from AED 50,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2011 price is 4.9%, before a service charge of about AED 13,200 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 December 2021.

Questions about 1814, Red Residence

What did unit 1814 last sell for?

AED 821,750 on 9 October 2011, sold by the developer: AED 882 per sqft for 931 sqft. It is the only registered sale of the unit.

What is the rent for unit 1814?

AED 40,000 a year on the contract renewed on 20 December 2021. The previous contract, from December 2020, was AED 40,000; the unit has been rented since December 2018.

How big is unit 1814?

931 sqft (86.5 sqm): a two-bedroom apartment on the 18th floor of a 22-storey tower completed in 2014.

What is unit 1814 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 1814, Red Residence

Starts from the last sale price (AED 822K, 9 October 2011). Switch to today's estimate once you have unlocked it.
Price
AED 821,750
Deposit, UAE resident (20%)
AED 164,350
Deposit, non-resident (40%)
AED 328,700
Monthly over 25 years at 3.7%
AED 3,362

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →