508, Red Residence
Sold prices and rental history: sold 3 times, last in November 2026, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Red Residence
What is 508 worth today?
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Source: Dubai Land Department. Updated 4 November 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 758 sqft
- Floor
- 5th of 22
- Parking
- B1-80
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 10,700 /yr
- Last sold
- AED 550K · November 2026
- Building
- Red Residence
About 508, Red Residence
508 is a one-bedroom apartment of 758 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 4 November 2026 for AED 550,000, or AED 726 per sqft, 8% below the AED 790 one-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 1 October 2022, is AED 30,000 a year: a gross yield of 5.5% on the 2026 price, before the service charge of about AED 10,700 a year.
Sales and rents for 508 over time
508 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 508 sits
All 202 1-beds →508 last sold in November 2026 at AED 726 per sqft, 8% below what one-beds in Red Residence were fetching at the time (AED 790). 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. 508's AED 30,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 15 Sep 202615 September 2026 | 788 sqft | 575,000 | 729 |
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 | |
| 504 | 1-bed | 832 sqft | AED 400KAED 399,900 · Oct 2022October 2022 | 56,000 /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 | |
| 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 |
508, Red Residence in numbers
- Sold 3 times: first on 10 November 2011 for AED 709,485, last on 4 November 2026 for AED 550,000 (AED 726 per sqft).
- Rented since October 2020 on 3 Ejari contracts, from AED 28,000 to AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2026 price is 5.5%, before a service charge of about AED 10,700 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 4 November 2026.
Questions about 508, Red Residence
What did unit 508 last sell for?
AED 550,000 on 4 November 2026: AED 726 per sqft for 758 sqft. The unit has 3 registered sales; the first was AED 709,485 in November 2011.
What is the rent for unit 508?
AED 30,000 a year on the contract renewed on 1 October 2022. The previous contract, from October 2021, was AED 28,000; the unit has been rented since October 2020.
How big is unit 508?
758 sqft (70.4 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2014.
What is unit 508 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 508, Red Residence
Starts from the last sale price (AED 550K, 4 November 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →