504, Red Residence
Sold prices and rental history: sold twice, last in October 2022, 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 504, Red Residence
What is 504 worth today?
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Source: Dubai Land Department. Updated 16 June 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 832 sqft
- Floor
- 5th of 22
- Parking
- B1-76
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 11,800 /yr
- Last sold
- AED 400K · October 2022
- Building
- Red Residence
About 504, Red Residence
504 is a one-bedroom apartment of 832 sqft on the 5th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. It last sold on 13 October 2022 for AED 399,900, or AED 480 per sqft, in line with the AED 490 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 16 June 2026, is AED 56,000 a year: a gross yield of 14.0% on the 2022 price, before the service charge of about AED 11,800 a year.
Sales and rents for 504 over time
504 has sold twice; 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 504 sits
All 202 1-beds →504 last sold in October 2022 at AED 480 per sqft, in line with what one-beds in Red Residence were fetching at the time (AED 490). 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. 504's AED 56,000 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 5th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 739 sqft | AED 1.06MAED 1,063,867 · Apr 2016April 2016 | 50,000 /yr | |
| 502 | 1-bed | 734 sqft | AED 400KAED 400,000 · Jun 2023June 2023 | 50,000 /yr | |
| 503 | Studio | 408 sqft | AED 390KAED 390,000 · Jul 2024July 2024 | 34,154 /yr | |
| 505 | 1-bed | 831 sqft | AED 660KAED 660,000 · Nov 2016November 2016 | 55,000 /yr | |
| 506 | Studio | 408 sqft | AED 235KAED 235,000 · Oct 2022October 2022 | 28,842 /yr | |
| 507 | 1-bed | 734 sqft | AED 550KAED 550,000 · Feb 2025February 2025 | 53,000 /yr | |
| 508 | 1-bed | 758 sqft | AED 550KAED 550,000 · Nov 2026November 2026 | 30,000 /yr | |
| 509 | 2-bed | 974 sqft | AED 653KAED 653,481 · Nov 2014November 2014 | 60,000 /yr | |
| 510 | 1-bed | 761 sqft | AED 1.11MAED 1,113,250 · May 2017May 2017 | 48,814 /yr | |
| 511 | 1-bed | 734 sqft | AED 370KAED 370,000 · Jan 2020January 2020 | 63,000 /yr | |
| 512 | Studio | 408 sqft | AED 375KAED 375,250 · Sep 2015September 2015 | ||
| 513 | 1-bed | 825 sqft | AED 700KAED 700,000 · Jan 2017January 2017 | 59,000 /yr | |
| 514 | 1-bed | 828 sqft | AED 520KAED 520,000 · Dec 2023December 2023 | 55,000 /yr | |
| 515 | Studio | 411 sqft | AED 265KAED 265,000 · Jan 2023January 2023 | 28,600 /yr | |
| 516 | 1-bed | 734 sqft | AED 560KAED 560,000 · Jan 2025January 2025 | 58,000 /yr | |
| 518 | 2-bed | 934 sqft | AED 675KAED 675,000 · Jul 2024July 2024 | 40,000 /yr |
504, Red Residence in numbers
- Sold twice: first on 17 October 2011 for AED 713,490, last on 13 October 2022 for AED 399,900 (AED 480 per sqft).
- Rented since April 2018 on 6 Ejari contracts. The rent fell from AED 49,000 to AED 32,000 in 2022 and recovered to AED 56,000 by June 2026.
- At AED 56,000 a year the gross yield on the 2022 price is 14.0%, before a service charge of about AED 11,800 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 16 June 2026.
Questions about 504, Red Residence
What did unit 504 last sell for?
AED 399,900 on 13 October 2022: AED 480 per sqft for 832 sqft. The unit has 2 registered sales; the first was AED 713,490 in October 2011.
What is the rent for unit 504?
AED 56,000 a year on the contract signed on 16 June 2026. The previous contract, from November 2025, was AED 44,000; the unit has been rented since April 2018.
How big is unit 504?
832 sqft (77.3 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2014.
What is unit 504 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 504, Red Residence
Starts from the last sale price (AED 400K, 13 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 399,900
- Deposit, UAE resident (20%)
- AED 79,980
- Deposit, non-resident (40%)
- AED 159,960
- Monthly over 25 years at 3.7%
- AED 1,636
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →