402, Red Residence
Sold prices and rental history: sold 3 times, last in September 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 402, Red Residence
What is 402 worth today?
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Source: Dubai Land Department. Updated 20 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 734 sqft
- Floor
- 4th of 22
- Parking
- B1-56
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 10,400 /yr
- Last sold
- AED 630K · September 2024
- Building
- Red Residence
About 402, Red Residence
402 is a one-bedroom apartment of 734 sqft on the 4th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. It last sold on 20 September 2024 for AED 630,000, or AED 857 per sqft, 32% above the AED 649 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 15 September 2023, is AED 50,000 a year: a gross yield of 7.9% on the 2024 price, before the service charge of about AED 10,400 a year.
Sales and rents for 402 over time
402 has sold 3 times; 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 402 sits
All 202 1-beds →402 last sold in September 2024 at AED 857 per sqft, 32% above what one-beds in Red Residence were fetching at the time (AED 649). 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. 402's AED 50,000 is in the upper 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 4th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 739 sqft | AED 620KAED 620,000 · May 2016May 2016 | 60,000 /yr | |
| 403 | Studio | 408 sqft | AED 504KAED 503,897 · Jun 2011June 2011 | 35,000 /yr | |
| 404 | 1-bed | 832 sqft | AED 650KAED 650,000 · Apr 2017April 2017 | 42,000 /yr | |
| 405 | 1-bed | 831 sqft | AED 310KAED 310,000 · Jun 2021June 2021 | 65,000 /yr | |
| 406 | Studio | 408 sqft | AED 250KAED 250,000 · Mar 2022March 2022 | 36,000 /yr | |
| 407 | 1-bed | 734 sqft | AED 620KAED 620,000 · Jan 2026January 2026 | ||
| 408 | 1-bed | 758 sqft | AED 610KAED 610,000 · Nov 2015November 2015 | 53,000 /yr | |
| 409 | 2-bed | 974 sqft | AED 653KAED 653,481 · Sep 2012September 2012 | 65,000 /yr | |
| 410 | 1-bed | 761 sqft | AED 748KAED 747,650 · Jun 2011June 2011 | ||
| 411 | 1-bed | 734 sqft | AED 550KAED 550,000 · May 2024May 2024 | 53,000 /yr | |
| 412 | Studio | 408 sqft | AED 350KAED 350,000 · Nov 2024November 2024 | 28,750 /yr | |
| 413 | 1-bed | 825 sqft | AED 385KAED 385,000 · May 2022May 2022 | ||
| 414 | 1-bed | 828 sqft | AED 600KAED 600,000 · Feb 2025February 2025 | 49,000 /yr | |
| 415 | Studio | 411 sqft | AED 270KAED 270,000 · Feb 2020February 2020 | 38,000 /yr | |
| 416 | 1-bed | 734 sqft | AED 400KAED 400,000 · May 2023May 2023 | 30,000 /yr | |
| 417 | 1-bed | 761 sqft | AED 900KAED 900,000 · Aug 2015August 2015 | 30,000 /yr | |
| 418 | 2-bed | 934 sqft | AED 455KAED 455,000 · Apr 2022April 2022 |
402, Red Residence in numbers
- Sold 3 times: first on 13 July 2011 for AED 979,000, last on 20 September 2024 for AED 630,000 (AED 857 per sqft).
- Rented since September 2018 on 5 Ejari contracts. The rent fell from AED 44,000 to AED 33,000 in 2021 and recovered to AED 50,000 by September 2023.
- At AED 50,000 a year the gross yield on the 2024 price is 7.9%, before a service charge of about AED 10,400 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 20 September 2024.
Questions about 402, Red Residence
What did unit 402 last sell for?
AED 630,000 on 20 September 2024: AED 857 per sqft for 734 sqft. The unit has 3 registered sales; the first was AED 979,000 in July 2011.
What is the rent for unit 402?
AED 50,000 a year on the contract signed on 15 September 2023. The previous contract, from September 2021, was AED 33,000; the unit has been rented since September 2018.
How big is unit 402?
734 sqft (68.2 sqm): a one-bedroom apartment on the 4th floor of a 22-storey tower completed in 2014.
What is unit 402 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 402, Red Residence
Starts from the last sale price (AED 630K, 20 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 630,000
- Deposit, UAE resident (20%)
- AED 126,000
- Deposit, non-resident (40%)
- AED 252,000
- Monthly over 25 years at 3.7%
- AED 2,578
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →