617, Red Residence
Sold prices and rental history: sold 3 times, last in March 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 617, Red Residence
What is 617 worth today?
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Source: Dubai Land Department. Updated 1 July 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 761 sqft
- Floor
- 6th of 22
- Parking
- B1-107
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 10,800 /yr
- Last sold
- AED 410K · March 2023
- Building
- Red Residence
About 617, Red Residence
617 is a one-bedroom apartment of 761 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 14 March 2023 for AED 410,000, or AED 538 per sqft, 7% above the AED 501 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 July 2025, is AED 60,000 a year: a gross yield of 14.6% on the 2023 price, before the service charge of about AED 10,800 a year.
Sales and rents for 617 over time
617 has sold 3 times; 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 617 sits
All 202 1-beds →617 last sold in March 2023 at AED 538 per sqft, 7% above what one-beds in Red Residence were fetching at the time (AED 501). 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. 617's AED 60,000 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 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 | |
| 616 | 1-bed | 734 sqft | AED 320KAED 320,000 · Aug 2021August 2021 | 48,000 /yr | |
| 618 | 2-bed | 934 sqft | AED 822KAED 821,750 · Oct 2011October 2011 | 40,000 /yr |
617, Red Residence in numbers
- Sold 3 times: first on 11 March 2020 for AED 360,000, last on 14 March 2023 for AED 410,000 (AED 538 per sqft).
- Rented since January 2021 on 3 Ejari contracts, from AED 28,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2023 price is 14.6%, before a service charge of about AED 10,800 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 July 2025.
Questions about 617, Red Residence
What did unit 617 last sell for?
AED 410,000 on 14 March 2023: AED 538 per sqft for 761 sqft. The unit has 3 registered sales; the first was AED 360,000 in March 2020.
What is the rent for unit 617?
AED 60,000 a year on the contract signed on 1 July 2025. The previous contract, from March 2022, was AED 32,000; the unit has been rented since January 2021.
How big is unit 617?
761 sqft (70.7 sqm): a one-bedroom apartment on the 6th floor of a 22-storey tower completed in 2014.
What is unit 617 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 617, Red Residence
Starts from the last sale price (AED 410K, 14 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 410,000
- Deposit, UAE resident (20%)
- AED 82,000
- Deposit, non-resident (40%)
- AED 164,000
- Monthly over 25 years at 3.7%
- AED 1,677
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →