217, Red Residence
Sold prices and rental history: sold once, by the developer in March 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 217, Red Residence
What is 217 worth today?
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Source: Dubai Land Department. Updated 17 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 761 sqft
- Floor
- 2nd of 22
- Parking
- B1-35
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 10,800 /yr
- Last sold
- AED 670K · March 2016
- Building
- Red Residence
About 217, Red Residence
217 is a one-bedroom apartment of 761 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 22 March 2016 for AED 669,843, or AED 879 per sqft, 3% below the AED 909 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, renewed on 17 October 2026, is AED 47,250 a year: a gross yield of 7.0% on the 2016 price, before the service charge of about AED 10,800 a year.
Sales and rents for 217 over time
217 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 217 sits
All 202 1-beds →217 last sold in March 2016 at AED 879 per sqft, 3% below what one-beds in Red Residence were fetching at the time (AED 909). 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. 217's AED 47,250 is in the lower 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 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 | ||
| 215 | Studio | 411 sqft | AED 375KAED 375,250 · Sep 2015September 2015 | 40,000 /yr | |
| 216 | 1-bed | 734 sqft | AED 340KAED 340,000 · Mar 2021March 2021 | 50,000 /yr | |
| 218 | 2-bed | 934 sqft | AED 840KAED 840,000 · Feb 2026February 2026 | 78,000 /yr |
217, Red Residence in numbers
- Sold once: by ME Development on 22 March 2016 for AED 669,843, or AED 879 per sqft.
- Rented since March 2020 on 8 Ejari contracts. The rent fell from AED 31,000 to AED 25,000 in 2021 and recovered to AED 47,250 by October 2026.
- At AED 47,250 a year the gross yield on the 2016 price is 7.0%, before a service charge of about AED 10,800 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 17 October 2026.
Questions about 217, Red Residence
What did unit 217 last sell for?
AED 669,843 on 22 March 2016, sold by the developer: AED 879 per sqft for 761 sqft. It is the only registered sale of the unit.
What is the rent for unit 217?
AED 47,250 a year on the contract renewed on 17 October 2026. The previous contract, from October 2025, was AED 45,000; the unit has been rented since March 2020.
How big is unit 217?
761 sqft (70.7 sqm): a one-bedroom apartment on the 2nd floor of a 22-storey tower completed in 2014.
What is unit 217 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 217, Red Residence
Starts from the last sale price (AED 670K, 22 March 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 669,843
- Deposit, UAE resident (20%)
- AED 133,969
- Deposit, non-resident (40%)
- AED 267,937
- Monthly over 25 years at 3.7%
- AED 2,741
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →