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2-bed · 970 sqftRed Residence, Dubai Sports City · 20th floor · completed 2014

2007, Red Residence

Sold prices and rental history: sold once, by the developer in March 2012, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2007 · DLD and Ejari recordsUpdated 31 January 2026
Last soldAED 748K4 March 2012
Current rentAED 80K /yr31 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2007, Red Residence

What is 2007 worth today?

Last sold for AED 747,640 in 2012

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31 Jan 2026RentedNew contract
AED 79,800/yr12 months · AED 82 per sqft
1 Dec 2023RentedNew contract
AED 60,000/yr12 months · AED 62 per sqft
5 Aug 2020RentedNew contract
AED 50,000/yr12 months · AED 52 per sqft
4 Mar 2012Sold by developerOff-plan
AED 747,640AED 770 per sqft

Source: Dubai Land Department. Updated 31 January 2026.

Key facts

Type
2-bed apartment
Size
970 sqft
Floor
20th of 22
Parking
G-63
Developer
ME Development
Completed
2014
Service charge
AED 13,700 /yr
Last sold
AED 748K · March 2012
Building
Red Residence

About 2007, Red Residence

2007 is a two-bedroom apartment of 970 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 4 March 2012 for AED 747,640, or AED 770 per sqft, 19% below the AED 945 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 31 January 2026, is AED 79,800 a year: a gross yield of 10.7% on the 2012 price, before the service charge of about AED 13,700 a year.

Sales and rents for 2007 over time

Sales
Unit 2007, 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, March 2012: AED 747,640 (AED 770 per sqft)

2007 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2007, each contractTypical two-bed in Red Residence
40K60K80K2018202120242027Typical 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, August 2020: AED 50,000 a yearNew contract, December 2023: AED 60,000 a yearNew contract, January 2026: AED 79,800 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 2007 sits

All 96 2-beds →

2007 last sold in March 2012 at AED 770 per sqft, 19% below what two-beds in Red Residence were fetching at the time (AED 945). 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. 2007's AED 79,800 is in the upper half 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
8.7%
Red Residence, Dubai Sports City: prices, sales and rents →

Other units on the 20th floor

All 330 units in Red Residence
Value
20012-bedAED 405K · Dec 2020
20021-bedAED 640K · Oct 2025
20031-bedAED 685K · Jun 2016
20041-bedAED 595K · Oct 2024
20051-bedAED 570K · Dec 2024
20062-bedAED 1.22M · Jul 2011
20082-bedAED 880K · Jun 2025
1–7 of 13

2007, Red Residence in numbers

  • Sold once: by ME Development on 4 March 2012 for AED 747,640, or AED 770 per sqft.
  • Rented since August 2020 on 3 Ejari contracts, from AED 50,000 to AED 79,800 a year.
  • At AED 79,800 a year the gross yield on the 2012 price is 10.7%, before a service charge of about AED 13,700 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 31 January 2026.

Questions about 2007, Red Residence

What did unit 2007 last sell for?

AED 747,640 on 4 March 2012, sold by the developer: AED 770 per sqft for 970 sqft. It is the only registered sale of the unit.

What is the rent for unit 2007?

AED 79,800 a year on the contract signed on 31 January 2026. The previous contract, from December 2023, was AED 60,000; the unit has been rented since August 2020.

How big is unit 2007?

970 sqft (90.1 sqm): a two-bedroom apartment on the 20th floor of a 22-storey tower completed in 2014.

What is unit 2007 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 2007, Red Residence

Starts from the last sale price (AED 748K, 4 March 2012). Switch to today's estimate once you have unlocked it.
Price
AED 747,640
Deposit, UAE resident (20%)
AED 149,528
Deposit, non-resident (40%)
AED 299,056
Monthly over 25 years at 3.7%
AED 3,059

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