516, Red Residence
Sold prices and rental history: sold twice, last in January 2025, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Red Residence
What is 516 worth today?
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Source: Dubai Land Department. Updated 15 December 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 734 sqft
- Floor
- 5th of 22
- Parking
- B1-126
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 10,400 /yr
- Last sold
- AED 560K · January 2025
- Building
- Red Residence
About 516, Red Residence
516 is a one-bedroom apartment of 734 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 20 January 2025 for AED 560,000, or AED 762 per sqft, 10% above the AED 691 one-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 15 December 2025, is AED 58,000 a year: a gross yield of 10.4% on the 2025 price, before the service charge of about AED 10,400 a year.
Sales and rents for 516 over time
516 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 516 sits
All 202 1-beds →516 last sold in January 2025 at AED 762 per sqft, 10% above what one-beds in Red Residence were fetching at the time (AED 691). 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. 516's AED 58,000 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
- 8.8%
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 | |
| 515 | Studio | 411 sqft | AED 265KAED 265,000 · Jan 2023January 2023 | 28,600 /yr | |
| 518 | 2-bed | 934 sqft | AED 675KAED 675,000 · Jul 2024July 2024 | 40,000 /yr |
516, Red Residence in numbers
- Sold twice: first on 30 June 2015 for AED 655,261, last on 20 January 2025 for AED 560,000 (AED 762 per sqft).
- Rented since February 2025 on 2 Ejari contracts, from AED 62,000 to AED 58,000 a year.
- At AED 58,000 a year the gross yield on the 2025 price is 10.4%, before a service charge of about AED 10,400 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 15 December 2025.
Questions about 516, Red Residence
What did unit 516 last sell for?
AED 560,000 on 20 January 2025: AED 762 per sqft for 734 sqft. The unit has 2 registered sales; the first was AED 655,261 in June 2015.
What is the rent for unit 516?
AED 58,000 a year on the contract signed on 15 December 2025. The previous contract, from February 2025, was AED 62,000.
How big is unit 516?
734 sqft (68.2 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2014.
What is unit 516 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 516, Red Residence
Starts from the last sale price (AED 560K, 20 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 560,000
- Deposit, UAE resident (20%)
- AED 112,000
- Deposit, non-resident (40%)
- AED 224,000
- Monthly over 25 years at 3.7%
- AED 2,291
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →