Home
Dubai prices
About
Research
1-bed · 831 sqftRed Residence, Dubai Sports City · 5th floor · completed 2014

505, Red Residence

Sold prices and rental history: sold twice, last in November 2016, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 19 November 2025
Last soldAED 660K6 November 2016
Current rentAED 55K /yr19 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 505

Property timeline for 505, Red Residence

What is 505 worth today?

Last sold for AED 660,000 in 2016

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

19 Nov 2025RentedNew contract
AED 55,000/yr12 months · AED 66 per sqft
20 Nov 2024RentedNew contract
AED 55,000/yr12 months · AED 66 per sqft
6 Nov 2016SoldOff-plan
AED 660,000AED 793 per sqft
2 Nov 2011Sold by developerOff-plan
AED 723,600AED 870 per sqft

Source: Dubai Land Department. Updated 19 November 2025.

Key facts

Type
1-bed apartment
Size
831 sqft
Floor
5th of 22
Parking
B2-5
Developer
ME Development
Completed
2014
Service charge
AED 11,700 /yr
Last sold
AED 660K · November 2016
Building
Red Residence

About 505, Red Residence

505 is a one-bedroom apartment of 831 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 6 November 2016 for AED 660,000, or AED 793 per sqft, 7% below the AED 850 one-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 19 November 2025, is AED 55,000 a year: a gross yield of 8.3% on the 2016 price, before the service charge of about AED 11,700 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical one-bed in Red Residence
250K500K750K2010201520202025Typical sale price by year: 2010 AED 721,600; 2011 AED 782,387; 2012 AED 734,003; 2013 AED 847,026; 2014 AED 740,000; 2015 AED 740,050; 2016 AED 674,922; 2017 AED 690,000; 2019 AED 460,000; 2020 AED 350,000; 2021 AED 335,000; 2022 AED 395,000; 2023 AED 440,000; 2024 AED 550,000; 2025 AED 610,000; 2026 AED 620,000Sold by developer, November 2011: AED 723,600 (AED 870 per sqft)Sold, November 2016: AED 660,000 (AED 793 per sqft)

505 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 505, each contractTypical one-bed in Red Residence
40K2018202120242027Typical rent by year: 2018 AED 48,000; 2019 AED 42,000; 2020 AED 34,000; 2021 AED 31,000; 2022 AED 35,000; 2023 AED 40,480; 2024 AED 48,000; 2025 AED 55,000; 2026 AED 55,000New contract, November 2024: AED 55,000 a yearNew contract, November 2025: AED 55,000 a year

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 505 sits

All 202 1-beds →

505 last sold in November 2016 at AED 793 per sqft, 7% below what one-beds in Red Residence were fetching at the time (AED 850). 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. 505's AED 55,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Nov 2026550,000
23 Oct 2026630,000
25 Sep 2026580,000
22 Sep 2026590,000
17 1-bed 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
8.8%
Red Residence, Dubai Sports City: prices, sales and rents →

Other units on the 5th floor

All 330 units in Red Residence
Value
5011-bedAED 1.06M · Apr 2016
5021-bedAED 400K · Jun 2023
503StudioAED 390K · Jul 2024
5041-bedAED 400K · Oct 2022
506StudioAED 235K · Oct 2022
5071-bedAED 550K · Feb 2025
5081-bedAED 550K · Nov 2026
1–7 of 16

505, Red Residence in numbers

  • Sold twice: first on 2 November 2011 for AED 723,600, last on 6 November 2016 for AED 660,000 (AED 793 per sqft).
  • Rented since November 2024 on 2 Ejari contracts, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2016 price is 8.3%, before a service charge of about AED 11,700 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 19 November 2025.

Questions about 505, Red Residence

What did unit 505 last sell for?

AED 660,000 on 6 November 2016: AED 793 per sqft for 831 sqft. The unit has 2 registered sales; the first was AED 723,600 in November 2011.

What is the rent for unit 505?

AED 55,000 a year on the contract signed on 19 November 2025. The previous contract, from November 2024, was AED 55,000.

How big is unit 505?

831 sqft (77.2 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2014.

What is unit 505 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.

Selling 505? 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.

How OpenOffers works

Mortgage on 505, Red Residence

Starts from the last sale price (AED 660K, 6 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 660,000
Deposit, UAE resident (20%)
AED 132,000
Deposit, non-resident (40%)
AED 264,000
Monthly over 25 years at 3.7%
AED 2,700

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