2003, Red Residence
Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2003, Red Residence
What is 2003 worth today?
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Source: Dubai Land Department. Updated 13 June 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 805 sqft
- Floor
- 20th of 22
- Parking
- G-59
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 11,400 /yr
- Last sold
- AED 685K · June 2016
- Building
- Red Residence
About 2003, Red Residence
2003 is a one-bedroom apartment of 805 sqft on the 20th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 13 June 2016 for AED 685,000, or AED 850 per sqft, 5% below the AED 893 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 13 June 2025, is AED 51,000 a year: a gross yield of 7.4% on the 2016 price, before the service charge of about AED 11,400 a year.
Sales and rents for 2003 over time
2003 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 2003 sits
All 202 1-beds →2003 last sold in June 2016 at AED 850 per sqft, 5% below what one-beds in Red Residence were fetching at the time (AED 893). 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. 2003's AED 51,000 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
- 8.7%
Other units on the 20th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 2-bed | 1,113 sqft | AED 405KAED 405,000 · Dec 2020December 2020 | 75,000 /yr | |
| 2002 | 1-bed | 788 sqft | AED 640KAED 640,000 · Oct 2025October 2025 | 65,000 /yr | |
| 2004 | 1-bed | 824 sqft | AED 595KAED 595,000 · Oct 2024October 2024 | 37,131 /yr | |
| 2005 | 1-bed | 788 sqft | AED 570KAED 570,000 · Dec 2024December 2024 | 54,000 /yr | |
| 2006 | 2-bed | 1,113 sqft | AED 1.22MAED 1,216,880 · Jul 2011July 2011 | ||
| 2007 | 2-bed | 970 sqft | AED 748KAED 747,640 · Mar 2012March 2012 | 79,800 /yr | |
| 2008 | 2-bed | 1,117 sqft | AED 880KAED 880,000 · Jun 2025June 2025 | 70,000 /yr | |
| 2009 | 1-bed | 788 sqft | AED 650KAED 650,000 · Feb 2025February 2025 | 60,000 /yr | |
| 2010 | 1-bed | 818 sqft | AED 400KAED 400,000 · Oct 2023October 2023 | 49,000 /yr | |
| 2011 | 1-bed | 818 sqft | AED 668KAED 668,248 · Sep 2012September 2012 | 28,500 /yr | |
| 2012 | 1-bed | 788 sqft | AED 664KAED 663,820 · Aug 2013August 2013 | 38,950 /yr | |
| 2013 | 2-bed | 1,117 sqft | AED 830KAED 830,000 · Aug 2025August 2025 | 75,000 /yr | |
| 2014 | 2-bed | 931 sqft | AED 781KAED 780,712 · Feb 2012February 2012 | 65,000 /yr |
2003, Red Residence in numbers
- Sold once: by ME Development on 13 June 2016 for AED 685,000, or AED 850 per sqft.
- Rented since March 2018 on 6 Ejari contracts. The rent fell from AED 50,000 to AED 43,000 in 2019 and recovered to AED 51,000 by June 2025.
- At AED 51,000 a year the gross yield on the 2016 price is 7.4%, before a service charge of about AED 11,400 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 13 June 2025.
Questions about 2003, Red Residence
What did unit 2003 last sell for?
AED 685,000 on 13 June 2016, sold by the developer: AED 850 per sqft for 805 sqft. It is the only registered sale of the unit.
What is the rent for unit 2003?
AED 51,000 a year on the contract signed on 13 June 2025. The previous contract, from June 2024, was AED 48,400; the unit has been rented since March 2018.
How big is unit 2003?
805 sqft (74.8 sqm): a one-bedroom apartment on the 20th floor of a 22-storey tower completed in 2014.
What is unit 2003 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 2003, Red Residence
Starts from the last sale price (AED 685K, 13 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 685,000
- Deposit, UAE resident (20%)
- AED 137,000
- Deposit, non-resident (40%)
- AED 274,000
- Monthly over 25 years at 3.7%
- AED 2,803
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →