315, Red Residence
Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 315, Red Residence
What is 315 worth today?
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Source: Dubai Land Department. Updated 25 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 411 sqft
- Floor
- 3rd of 22
- Parking
- B1-51
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 5,800 /yr
- Last sold
- AED 375K · October 2015
- Building
- Red Residence
About 315, Red Residence
315 is a studio of 411 sqft on the 3rd floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 12 October 2015 for AED 375,250, or AED 913 per sqft, in line with the AED 919 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 25 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 315 over time
315 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 315 sits
All 32 studios →315 last sold in October 2015 at AED 913 per sqft, in line with what studios in Red Residence were fetching at the time (AED 919). 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. 315'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 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 | |
| 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 | |
| 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 |
315, Red Residence in numbers
- Sold once: by ME Development on 12 October 2015 for AED 375,250, or AED 913 per sqft.
- Rented since August 2021 on 5 Ejari contracts, from AED 18,000 to AED 36,000 a year.
- 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 25 November 2025.
Questions about 315, Red Residence
What did unit 315 last sell for?
AED 375,250 on 12 October 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 315?
AED 36,000 a year on the contract renewed on 25 November 2025. The previous contract, from November 2025, was AED 31,500; the unit has been rented since August 2021.
How big is unit 315?
411 sqft (38.2 sqm): a studio on the 3rd floor of a 22-storey tower completed in 2014.
What is unit 315 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 315, Red Residence
Starts from the last sale price (AED 375K, 12 October 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 →