515, Red Residence
Sold prices and rental history: sold twice, last in January 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Red Residence
What is 515 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 411 sqft
- Floor
- 5th of 22
- Parking
- B2-125
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 5,800 /yr
- Last sold
- AED 265K · January 2023
- Building
- Red Residence
About 515, Red Residence
515 is a studio of 411 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 27 January 2023 for AED 265,000, or AED 644 per sqft, 17% above the AED 551 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 28,600 a year: a gross yield of 10.8% on the 2023 price, before the service charge of about AED 5,800 a year.
Sales and rents for 515 over time
515 has sold twice; 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 515 sits
All 32 studios →515 last sold in January 2023 at AED 644 per sqft, 17% above what studios in Red Residence were fetching at the time (AED 551). 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. 515's AED 28,600 is in the lower half of that range.
| 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 | |
| 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 | |
| 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 |
515, Red Residence in numbers
- Sold twice: first on 16 August 2011 for AED 375,250, last on 27 January 2023 for AED 265,000 (AED 644 per sqft).
- Rented since July 2020 on 5 Ejari contracts. The rent fell from AED 21,000 to AED 16,000 in 2022 and recovered to AED 28,600 by June 2026.
- At AED 28,600 a year the gross yield on the 2023 price is 10.8%, before a service charge of about AED 5,800 a year (AED 14.13 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 1 June 2026.
Questions about 515, Red Residence
What did unit 515 last sell for?
AED 265,000 on 27 January 2023: AED 644 per sqft for 411 sqft. The unit has 2 registered sales; the first was AED 375,250 in August 2011.
What is the rent for unit 515?
AED 28,600 a year on the contract renewed on 1 June 2026. The previous contract, from June 2024, was AED 26,000; the unit has been rented since July 2020.
How big is unit 515?
411 sqft (38.2 sqm): a studio on the 5th floor of a 22-storey tower completed in 2014.
What is unit 515 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.
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Mortgage on 515, Red Residence
Starts from the last sale price (AED 265K, 27 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 265,000
- Deposit, UAE resident (20%)
- AED 53,000
- Deposit, non-resident (40%)
- AED 106,000
- Monthly over 25 years at 3.7%
- AED 1,084
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →