215, Red Residence
Sold prices and rental history: sold once, by the developer in September 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 215, Red Residence
What is 215 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 411 sqft
- Floor
- 2nd of 22
- Parking
- B1-19
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 5,800 /yr
- Last sold
- AED 375K · September 2015
- Building
- Red Residence
About 215, Red Residence
215 is a studio of 411 sqft on the 2nd floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 7 September 2015 for AED 375,250, or AED 913 per sqft, in line with the AED 913 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 November 2025, is AED 36,000 a year: a gross yield of 9.6% on the 2015 price, before the service charge of about AED 5,800 a year.
Sales and rents for 215 over time
215 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Red Residence, and where 215 sits
All 32 studios →215 last sold in September 2015 at AED 913 per sqft, in line with what studios in Red Residence were fetching at the time (AED 913). Over the last 12 months studios sold for AED 415,000 to 485,000, around AED 1,102 per sqft, and rent for AED 21,000 to 48,000 a year. 215's AED 36,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Sep 202624 September 2026 | 408 sqft | 415,000 | 1,016 | ||
| 26 Nov 202526 November 2025 | 408 sqft | 485,000 | 1,188 | ||
| 23 Oct 202523 October 2025 | 408 sqft | 485,000 | 1,188 | ||
| 22 Sep 202522 September 2025 | 408 sqft | 425,000 | 1,041 |
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 2nd floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 758 sqft | AED 600KAED 600,000 · May 2016May 2016 | ||
| 202 | 1-bed | 734 sqft | AED 330KAED 330,000 · Oct 2020October 2020 | 43,000 /yr | |
| 203 | Studio | 408 sqft | AED 375KAED 375,000 · May 2016May 2016 | ||
| 204 | 1-bed | 832 sqft | AED 650KAED 650,000 · Apr 2017April 2017 | 54,000 /yr | |
| 205 | 1-bed | 831 sqft | AED 650KAED 650,000 · Feb 2016February 2016 | 45,100 /yr | |
| 206 | Studio | 408 sqft | AED 320KAED 320,000 · Mar 2019March 2019 | ||
| 207 | 1-bed | 734 sqft | AED 410KAED 410,000 · Sep 2019September 2019 | 53,000 /yr | |
| 208 | 1-bed | 758 sqft | AED 370KAED 370,000 · Apr 2023April 2023 | 70,000 /yr | |
| 209 | 2-bed | 974 sqft | AED 822KAED 821,750 · Apr 2011April 2011 | 52,000 /yr | |
| 210 | 1-bed | 761 sqft | AED 590KAED 590,000 · Dec 2025December 2025 | 62,000 /yr | |
| 211 | 1-bed | 734 sqft | AED 788KAED 788,328 · Oct 2011October 2011 | 35,000 /yr | |
| 212 | Studio | 408 sqft | AED 320KAED 320,000 · Mar 2019March 2019 | 33,000 /yr | |
| 213 | 1-bed | 825 sqft | AED 525KAED 525,000 · Mar 2024March 2024 | 53,000 /yr | |
| 214 | 1-bed | 828 sqft | AED 615KAED 615,000 · Nov 2015November 2015 | ||
| 216 | 1-bed | 734 sqft | AED 340KAED 340,000 · Mar 2021March 2021 | 50,000 /yr | |
| 217 | 1-bed | 761 sqft | AED 670KAED 669,843 · Mar 2016March 2016 | 47,250 /yr | |
| 218 | 2-bed | 934 sqft | AED 840KAED 840,000 · Feb 2026February 2026 | 78,000 /yr |
215, Red Residence in numbers
- Sold once: by ME Development on 7 September 2015 for AED 375,250, or AED 913 per sqft.
- Rented since June 2019 on 5 Ejari contracts. The rent fell from AED 28,000 to AED 18,000 in 2021 and recovered to AED 36,000 by November 2025.
- At AED 36,000 a year the gross yield on the 2015 price is 9.6%, before a service charge of about AED 5,800 a year (AED 14.13 per sqft).
- Studios in Red Residence sold for AED 415,000–485,000 in the 12 months to November 2026; the building's median across all types is AED 799 per sqft.
Source: Dubai Land Department. Updated 1 November 2025.
Questions about 215, Red Residence
What did unit 215 last sell for?
AED 375,250 on 7 September 2015, sold by the developer: AED 913 per sqft for 411 sqft. It is the only registered sale of the unit.
What is the rent for unit 215?
AED 36,000 a year on the contract renewed on 1 November 2025. The previous contract, from November 2025, was AED 40,000; the unit has been rented since June 2019.
How big is unit 215?
411 sqft (38.2 sqm): a studio on the 2nd floor of a 22-storey tower completed in 2014.
What is unit 215 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Red Residence sold for AED 415,000 to 485,000 in the last 12 months, around AED 1,102 per sqft.
Selling 215? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 215, Red Residence
Starts from the last sale price (AED 375K, 7 September 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 375,250
- Deposit, UAE resident (20%)
- AED 75,050
- Deposit, non-resident (40%)
- AED 150,100
- Monthly over 25 years at 3.7%
- AED 1,535
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →