306, Red Residence
Sold prices and rental history: sold twice, last in December 2024, 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 306, Red Residence
What is 306 worth today?
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Source: Dubai Land Department. Updated 20 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 215 sqft
- Floor
- 3rd of 22
- Parking
- B1-42
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 3,000 /yr
- Last sold
- AED 360K · December 2024
- Building
- Red Residence
About 306, Red Residence
306 is a studio of 215 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 18 December 2024 for AED 360,000, or AED 1,672 per sqft, 80% above the AED 931 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 20 January 2026, is AED 39,000 a year: a gross yield of 10.8% on the 2024 price, before the service charge of about AED 3,000 a year.
Sales and rents for 306 over time
306 has sold twice; 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 306 sits
All 32 studios →306 last sold in December 2024 at AED 1,672 per sqft, 80% above what studios in Red Residence were fetching at the time (AED 931). 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. 306's AED 39,000 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
- 8.7%
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 | ||
| 304 | 1-bed | 809 sqft | AED 613KAED 612,500 · Sep 2015September 2015 | 36,800 /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 |
306, Red Residence in numbers
- Sold twice: first on 10 October 2011 for AED 389,314, last on 18 December 2024 for AED 360,000 (AED 1,672 per sqft).
- Rented since March 2018 on 7 Ejari contracts. The rent fell from AED 34,000 to AED 18,000 in 2021 and recovered to AED 39,000 by January 2026.
- At AED 39,000 a year the gross yield on the 2024 price is 10.8%, before a service charge of about AED 3,000 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 20 January 2026.
Questions about 306, Red Residence
What did unit 306 last sell for?
AED 360,000 on 18 December 2024: AED 1,672 per sqft for 215 sqft. The unit has 2 registered sales; the first was AED 389,314 in October 2011.
What is the rent for unit 306?
AED 39,000 a year on the contract renewed on 20 January 2026. The previous contract, from January 2025, was AED 39,000; the unit has been rented since March 2018.
How big is unit 306?
215 sqft (20.0 sqm): a studio on the 3rd floor of a 22-storey tower completed in 2014.
What is unit 306 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.
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Mortgage on 306, Red Residence
Starts from the last sale price (AED 360K, 18 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 360,000
- Deposit, UAE resident (20%)
- AED 72,000
- Deposit, non-resident (40%)
- AED 144,000
- Monthly over 25 years at 3.7%
- AED 1,473
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →