304, Red Residence
Sold prices and rental history: sold twice, last in September 2015, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 304, Red Residence
What is 304 worth today?
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Source: Dubai Land Department. Updated 1 February 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 809 sqft
- Floor
- 3rd of 22
- Parking
- B1-40
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 11,400 /yr
- Last sold
- AED 613K · September 2015
- Building
- Red Residence
About 304, Red Residence
304 is a one-bedroom apartment of 809 sqft on the 3rd floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. It last sold on 16 September 2015 for AED 612,500, or AED 757 per sqft, 18% below the AED 926 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 36,800 a year: a gross yield of 6.0% on the 2015 price, before the service charge of about AED 11,400 a year.
Sales and rents for 304 over time
304 has sold twice; 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 304 sits
All 202 1-beds →304 last sold in September 2015 at AED 757 per sqft, 18% below what one-beds in Red Residence were fetching at the time (AED 926). 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. 304's AED 36,800 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
- 8.8%
Other units on the 3rd floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 758 sqft | AED 585KAED 585,000 · Dec 2025December 2025 | 24,000 /yr | |
| 302 | 1-bed | 734 sqft | AED 370KAED 370,000 · Mar 2023March 2023 | 48,510 /yr | |
| 303 | Studio | 408 sqft | AED 389KAED 389,314 · Oct 2011October 2011 | ||
| 306 | Studio | 215 sqft | AED 360KAED 360,000 · Dec 2024December 2024 | 39,000 /yr | |
| 307 | 1-bed | 734 sqft | AED 625KAED 625,000 · Oct 2025October 2025 | 62,000 /yr | |
| 308 | 1-bed | 758 sqft | AED 335KAED 335,000 · Jan 2021January 2021 | 50,000 /yr | |
| 309 | 2-bed | 974 sqft | AED 710KAED 710,000 · Jul 2025July 2025 | 81,000 /yr | |
| 310 | 1-bed | 761 sqft | AED 650KAED 650,000 · May 2016May 2016 | 54,000 /yr | |
| 311 | 1-bed | 734 sqft | AED 674KAED 673,983 · Jul 2011July 2011 | 37,500 /yr | |
| 312 | Studio | 408 sqft | AED 485KAED 485,000 · Oct 2025October 2025 | 40,000 /yr | |
| 313 | 1-bed | 825 sqft | AED 515KAED 515,000 · Nov 2023November 2023 | 67,500 /yr | |
| 314 | 1-bed | 828 sqft | AED 505KAED 505,000 · Nov 2023November 2023 | 52,000 /yr | |
| 315 | Studio | 411 sqft | AED 375KAED 375,250 · Oct 2015October 2015 | 31,500 /yr | |
| 316 | 1-bed | 734 sqft | AED 800KAED 800,100 · May 2011May 2011 | 48,000 /yr | |
| 317 | 1-bed | 761 sqft | AED 553KAED 552,861 · Aug 2012August 2012 | 33,000 /yr | |
| 318 | 2-bed | 934 sqft | AED 625KAED 625,025 · Oct 2013October 2013 | 70,000 /yr |
304, Red Residence in numbers
- Sold twice: first on 5 March 2012 for AED 797,430, last on 16 September 2015 for AED 612,500 (AED 757 per sqft).
- Rented since February 2021 on 3 Ejari contracts, from AED 29,000 to AED 36,800 a year.
- At AED 36,800 a year the gross yield on the 2015 price is 6.0%, 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 1 February 2023.
Questions about 304, Red Residence
What did unit 304 last sell for?
AED 612,500 on 16 September 2015: AED 757 per sqft for 809 sqft. The unit has 2 registered sales; the first was AED 797,430 in March 2012.
What is the rent for unit 304?
AED 36,800 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 32,000; the unit has been rented since February 2021.
How big is unit 304?
809 sqft (75.2 sqm): a one-bedroom apartment on the 3rd floor of a 22-storey tower completed in 2014.
What is unit 304 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 304, Red Residence
Starts from the last sale price (AED 613K, 16 September 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 612,500
- Deposit, UAE resident (20%)
- AED 122,500
- Deposit, non-resident (40%)
- AED 245,000
- Monthly over 25 years at 3.7%
- AED 2,506
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →