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Studio · 408 sqftRed Residence, Dubai Sports City · 4th floor · completed 2014

406, Red Residence

Sold prices and rental history: sold twice, last in March 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 250K22 March 2022
Current rentAED 36K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, Red Residence

What is 406 worth today?

Last sold for AED 250,000 in 2022

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1 Oct 2026RentedNew contract
AED 36,000/yr12 months · AED 88 per sqft
22 Mar 2022SoldReady
AED 250,000AED 612 per sqft
15 Mar 2020RentedNew contract
AED 22,000/yr12 months · AED 54 per sqft
11 Oct 2011Sold by developerOff-plan
AED 399,836AED 979 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
Studio apartment
Size
408 sqft
Floor
4th of 22
Parking
B1-60
Developer
ME Development
Completed
2014
Service charge
AED 5,800 /yr
Last sold
AED 250K · March 2022
Building
Red Residence

About 406, Red Residence

406 is a studio of 408 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 22 March 2022 for AED 250,000, or AED 612 per sqft, in line with the AED 608 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 October 2026, is AED 36,000 a year: a gross yield of 14.4% on the 2022 price, before the service charge of about AED 5,800 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical studio in Red Residence
200K400K2011201520192023Typical sale price by year: 2011 AED 385,318; 2014 AED 412,372; 2015 AED 375,250; 2016 AED 375,000; 2018 AED 332,500; 2019 AED 320,000; 2020 AED 233,573; 2021 AED 250,000; 2022 AED 222,500; 2024 AED 367,500; 2025 AED 485,000Sold by developer, October 2011: AED 399,836 (AED 979 per sqft)Sold, March 2022: AED 250,000 (AED 612 per sqft)

406 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 406, each contractTypical studio in Red Residence
20K30K40K2018202120242027Typical rent by year: 2018 AED 30,500; 2019 AED 28,000; 2020 AED 22,250; 2021 AED 18,000; 2022 AED 22,000; 2023 AED 27,000; 2024 AED 31,900; 2025 AED 34,078; 2026 AED 37,000New contract, March 2020: AED 22,000 a yearNew contract, October 2026: AED 36,000 a year

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 406 sits

All 32 studios →

406 last sold in March 2022 at AED 612 per sqft, in line with what studios in Red Residence were fetching at the time (AED 608). 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. 406's AED 36,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
24 Sep 2026415,000
26 Nov 2025485,000
23 Oct 2025485,000
22 Sep 2025425,000
2 studio sales in the last 12 months

Red Residence

Building

330 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%
Red Residence, Dubai Sports City: prices, sales and rents →

Other units on the 4th floor

All 330 units in Red Residence
Value
4011-bedAED 620K · May 2016
4021-bedAED 630K · Sep 2024
403StudioAED 504K · Jun 2011
4041-bedAED 650K · Apr 2017
4051-bedAED 310K · Jun 2021
4071-bedAED 620K · Jan 2026
4081-bedAED 610K · Nov 2015
1–7 of 17

406, Red Residence in numbers

  • Sold twice: first on 11 October 2011 for AED 399,836, last on 22 March 2022 for AED 250,000 (AED 612 per sqft).
  • Rented since March 2020 on 2 Ejari contracts, from AED 22,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2022 price is 14.4%, 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 1 October 2026.

Questions about 406, Red Residence

What did unit 406 last sell for?

AED 250,000 on 22 March 2022: AED 612 per sqft for 408 sqft. The unit has 2 registered sales; the first was AED 399,836 in October 2011.

What is the rent for unit 406?

AED 36,000 a year on the contract signed on 1 October 2026. The previous contract, from March 2020, was AED 22,000.

How big is unit 406?

408 sqft (37.9 sqm): a studio on the 4th floor of a 22-storey tower completed in 2014.

What is unit 406 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 406, Red Residence

Starts from the last sale price (AED 250K, 22 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →