616, Red Residence
Sold prices and rental history: sold twice, last in August 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 616, Red Residence
What is 616 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 734 sqft
- Floor
- 6th of 22
- Parking
- B1-106
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 10,400 /yr
- Last sold
- AED 320K · August 2021
- Building
- Red Residence
About 616, Red Residence
616 is a one-bedroom apartment of 734 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 24 August 2021 for AED 320,000, or AED 435 per sqft, in line with the AED 442 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 September 2024, is AED 48,000 a year: a gross yield of 15.0% on the 2021 price, before the service charge of about AED 10,400 a year.
Sales and rents for 616 over time
616 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 616 sits
All 202 1-beds →616 last sold in August 2021 at AED 435 per sqft, in line with what one-beds in Red Residence were fetching at the time (AED 442). 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. 616's AED 48,000 is in the lower 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
- 8.7%
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 | ||
| 615 | Studio | 411 sqft | AED 375KAED 375,000 · Mar 2024March 2024 | 37,898 /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 |
616, Red Residence in numbers
- Sold twice: first on 7 May 2014 for AED 1,029,000, last on 24 August 2021 for AED 320,000 (AED 435 per sqft).
- Rented since October 2019 on 5 Ejari contracts. The rent fell from AED 37,000 to AED 29,000 in 2021 and recovered to AED 48,000 by September 2024.
- At AED 48,000 a year the gross yield on the 2021 price is 15.0%, 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 1 September 2024.
Questions about 616, Red Residence
What did unit 616 last sell for?
AED 320,000 on 24 August 2021: AED 435 per sqft for 734 sqft. The unit has 2 registered sales; the first was AED 1,029,000 in May 2014.
What is the rent for unit 616?
AED 48,000 a year on the contract signed on 1 September 2024. The previous contract, from September 2022, was AED 33,000; the unit has been rented since October 2019.
How big is unit 616?
734 sqft (68.2 sqm): a one-bedroom apartment on the 6th floor of a 22-storey tower completed in 2014.
What is unit 616 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 616, Red Residence
Starts from the last sale price (AED 320K, 24 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 320,000
- Deposit, UAE resident (20%)
- AED 64,000
- Deposit, non-resident (40%)
- AED 128,000
- Monthly over 25 years at 3.7%
- AED 1,309
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →