512, Red Residence
Sold prices and rental history: sold once, by the developer in September 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 512, Red Residence
What is 512 worth today?
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Source: Dubai Land Department. Updated 29 September 2015.
Key facts
- Type
- Studio apartment
- Size
- 408 sqft
- Floor
- 5th of 22
- Parking
- B1-84
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 5,800 /yr
- Last sold
- AED 375K · September 2015
- Building
- Red Residence
About 512, Red Residence
512 is a studio of 408 sqft on the 5th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 29 September 2015 for AED 375,250, or AED 919 per sqft, in line with the AED 919 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 512 over time
512 has sold once; the dashed line is the studio median of each year in the building.
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 512 sits
All 32 studios →512 last sold in September 2015 at AED 919 per sqft, in line with what studios in Red Residence were fetching at the time (AED 919). 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.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Sep 202624 September 2026 | 408 sqft | 415,000 | 1,016 | ||
| 26 Nov 202526 November 2025 | 408 sqft | 485,000 | 1,188 | ||
| 23 Oct 202523 October 2025 | 408 sqft | 485,000 | 1,188 | ||
| 22 Sep 202522 September 2025 | 408 sqft | 425,000 | 1,041 |
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 | |
| 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 | |
| 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 |
512, Red Residence in numbers
- Sold once: by ME Development on 29 September 2015 for AED 375,250, or AED 919 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 29 September 2015.
Questions about 512, Red Residence
What did unit 512 last sell for?
AED 375,250 on 29 September 2015, sold by the developer: AED 919 per sqft for 408 sqft. It is the only registered sale of the unit.
How big is unit 512?
408 sqft (37.9 sqm): a studio on the 5th floor of a 22-storey tower completed in 2014.
What is unit 512 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.
Selling 512? Put it on the OpenOffers board
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Mortgage on 512, Red Residence
Starts from the last sale price (AED 375K, 29 September 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 375,250
- Deposit, UAE resident (20%)
- AED 75,050
- Deposit, non-resident (40%)
- AED 150,100
- Monthly over 25 years at 3.7%
- AED 1,535
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →