409, Red Residence
Sold prices and rental history: sold once, by the developer in September 2012, 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 409, Red Residence
What is 409 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 5 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 974 sqft
- Floor
- 4th of 22
- Parking
- B1-72
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 13,800 /yr
- Last sold
- AED 653K · September 2012
- Building
- Red Residence
About 409, Red Residence
409 is a two-bedroom apartment of 974 sqft on the 4th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 13 September 2012 for AED 653,481, or AED 670 per sqft, 30% below the AED 961 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 5 September 2026, is AED 65,000 a year: a gross yield of 10.0% on the 2012 price, before the service charge of about AED 13,800 a year.
Sales and rents for 409 over time
409 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Red Residence, and where 409 sits
All 96 2-beds →409 last sold in September 2012 at AED 670 per sqft, 30% below what two-beds in Red Residence were fetching at the time (AED 961). Over the last 12 months two-beds sold for AED 650,000 to 950,000, around AED 854 per sqft, and rent for AED 45,000 to 90,000 a year. 409's AED 65,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jul 202616 July 2026 | 931 sqft | 650,000 | 697 | ||
| 14 Apr 202614 April 2026 | 931 sqft | 820,000 | 880 | ||
| 16 Feb 202616 February 2026 | 934 sqft | 840,000 | 899 | ||
| 17 Jan 202617 January 2026 | 934 sqft | 750,000 | 802 |
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 | |
| 402 | 1-bed | 734 sqft | AED 630KAED 630,000 · Sep 2024September 2024 | 50,000 /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 | |
| 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 |
409, Red Residence in numbers
- Sold once: by ME Development on 13 September 2012 for AED 653,481, or AED 670 per sqft.
- Rented since June 2018 on 7 Ejari contracts. The rent fell from AED 62,000 to AED 40,000 in 2020 and recovered to AED 65,000 by September 2026.
- At AED 65,000 a year the gross yield on the 2012 price is 10.0%, before a service charge of about AED 13,800 a year (AED 14.13 per sqft).
- Two-beds in Red Residence sold for AED 650,000–950,000 in the 12 months to November 2026; the building's median across all types is AED 799 per sqft.
Source: Dubai Land Department. Updated 5 September 2026.
Questions about 409, Red Residence
What did unit 409 last sell for?
AED 653,481 on 13 September 2012, sold by the developer: AED 670 per sqft for 974 sqft. It is the only registered sale of the unit.
What is the rent for unit 409?
AED 65,000 a year on the contract signed on 5 September 2026. The previous contract, from June 2025, was AED 68,000; the unit has been rented since June 2018.
How big is unit 409?
974 sqft (90.5 sqm): a two-bedroom apartment on the 4th floor of a 22-storey tower completed in 2014.
What is unit 409 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Red Residence sold for AED 650,000 to 950,000 in the last 12 months, around AED 854 per sqft.
Selling 409? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 409, Red Residence
Starts from the last sale price (AED 653K, 13 September 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 653,481
- Deposit, UAE resident (20%)
- AED 130,696
- Deposit, non-resident (40%)
- AED 261,392
- Monthly over 25 years at 3.7%
- AED 2,674
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →