615, Red Residence
Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 615, Red Residence
What is 615 worth today?
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Source: Dubai Land Department. Updated 25 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 411 sqft
- Floor
- 6th of 22
- Parking
- B1-105
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 5,800 /yr
- Last sold
- AED 375K · March 2024
- Building
- Red Residence
About 615, Red Residence
615 is a studio of 411 sqft on the 6th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. It last sold on 27 March 2024 for AED 375,000, or AED 912 per sqft.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, signed on 25 October 2026, is AED 37,898 a year: a gross yield of 10.1% on the 2024 price, before the service charge of about AED 5,800 a year.
Sales and rents for 615 over time
615 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 615 sits
All 32 studios →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. 615's AED 37,898 is in the upper 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
- 8.8%
Other units on the 6th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 758 sqft | AED 500KAED 500,000 · Feb 2024February 2024 | 62,400 /yr | |
| 602 | 1-bed | 734 sqft | AED 760KAED 760,100 · Oct 2010October 2010 | ||
| 603 | Studio | 408 sqft | AED 400KAED 399,660 · Jan 2016January 2016 | ||
| 604 | 1-bed | 832 sqft | AED 650KAED 650,000 · Apr 2017April 2017 | 60,000 /yr | |
| 605 | 1-bed | 831 sqft | AED 550KAED 550,000 · Jul 2024July 2024 | 53,000 /yr | |
| 606 | Studio | 408 sqft | AED 275KAED 275,000 · Dec 2022December 2022 | 38,000 /yr | |
| 607 | 1-bed | 734 sqft | AED 650KAED 650,000 · Feb 2017February 2017 | 60,000 /yr | |
| 608 | 1-bed | 758 sqft | AED 475KAED 475,000 · May 2019May 2019 | 44,000 /yr | |
| 609 | 2-bed | 883 sqft | AED 760KAED 760,000 · May 2017May 2017 | ||
| 610 | 1-bed | 761 sqft | AED 650KAED 650,000 · May 2016May 2016 | 60,000 /yr | |
| 611 | 1-bed | 734 sqft | AED 665KAED 665,000 · Mar 2017March 2017 | 55,000 /yr | |
| 612 | Studio | 408 sqft | AED 310KAED 309,514 · Sep 2015September 2015 | 25,194 /yr | |
| 613 | 1-bed | 413 sqft | AED 150KAED 150,000 · Jul 2025July 2025 | 57,000 /yr | |
| 614 | 1-bed | 828 sqft | AED 470KAED 470,000 · Oct 2019October 2019 | ||
| 616 | 1-bed | 734 sqft | AED 320KAED 320,000 · Aug 2021August 2021 | 48,000 /yr | |
| 617 | 1-bed | 761 sqft | AED 410KAED 410,000 · Mar 2023March 2023 | 60,000 /yr | |
| 618 | 2-bed | 934 sqft | AED 822KAED 821,750 · Oct 2011October 2011 | 40,000 /yr |
615, Red Residence in numbers
- Sold twice: first on 21 September 2015 for AED 399,836, last on 27 March 2024 for AED 375,000 (AED 912 per sqft).
- Rented since December 2018 on 8 Ejari contracts. The rent fell from AED 30,000 to AED 20,000 in 2021 and recovered to AED 37,898 by October 2026.
- At AED 37,898 a year the gross yield on the 2024 price is 10.1%, 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 25 October 2026.
Questions about 615, Red Residence
What did unit 615 last sell for?
AED 375,000 on 27 March 2024: AED 912 per sqft for 411 sqft. The unit has 2 registered sales; the first was AED 399,836 in September 2015.
What is the rent for unit 615?
AED 37,898 a year on the contract signed on 25 October 2026. The previous contract, from February 2026, was AED 44,734; the unit has been rented since December 2018.
How big is unit 615?
411 sqft (38.2 sqm): a studio on the 6th floor of a 22-storey tower completed in 2014.
What is unit 615 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 615, Red Residence
Starts from the last sale price (AED 375K, 27 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 375,000
- Deposit, UAE resident (20%)
- AED 75,000
- Deposit, non-resident (40%)
- AED 150,000
- Monthly over 25 years at 3.7%
- AED 1,534
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →