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2-bed · 934 sqftRed Residence, Dubai Sports City · 6th floor · completed 2014

618, Red Residence

Sold prices and rental history: sold once, by the developer in October 2011, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 618 · DLD and Ejari recordsUpdated 18 January 2022
Last soldAED 822K19 October 2011
Current rentAED 40K /yr18 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 618, Red Residence

What is 618 worth today?

Last sold for AED 821,750 in 2011

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18 Jan 2022RentedNew contract
AED 40,000/yr12 months · AED 43 per sqft
1 Jul 2020RentedNew contract
AED 42,000/yr12 months · AED 45 per sqft
8 Jan 2019RentedNew contract
AED 53,000/yr12 months · AED 57 per sqft
19 Oct 2011Sold by developerOff-plan
AED 821,750AED 879 per sqft

Source: Dubai Land Department. Updated 18 January 2022.

Key facts

Type
2-bed apartment
Size
934 sqft
Floor
6th of 22
Parking
B1-108
Developer
ME Development
Completed
2014
Service charge
AED 13,200 /yr
Last sold
AED 822K · October 2011
Building
Red Residence

About 618, Red Residence

618 is a two-bedroom apartment of 934 sqft on the 6th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 19 October 2011 for AED 821,750, or AED 879 per sqft, 7% below the AED 947 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 18 January 2022, is AED 40,000 a year: a gross yield of 4.9% on the 2011 price, before the service charge of about AED 13,200 a year.

Sales and rents for 618 over time

Sales
Unit 618, each saleTypical two-bed in Red Residence
500K750K1M20112015201920232027Typical sale price by year: 2011 AED 1,016,333; 2012 AED 1,002,372; 2013 AED 625,025; 2014 AED 925,000; 2015 AED 1,049,625; 2016 AED 885,000; 2017 AED 900,000; 2019 AED 630,000; 2021 AED 537,500; 2023 AED 630,000; 2024 AED 685,000; 2025 AED 830,000; 2026 AED 820,000Sold by developer, October 2011: AED 821,750 (AED 879 per sqft)

618 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 618, each contractTypical two-bed in Red Residence
40K60K2018202120242027Typical rent by year: 2018 AED 60,000; 2019 AED 53,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 45,000; 2023 AED 54,000; 2024 AED 64,000; 2025 AED 70,000; 2026 AED 73,500New contract, January 2019: AED 53,000 a yearNew contract, July 2020: AED 42,000 a yearNew contract, January 2022: AED 40,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Red Residence, and where 618 sits

All 96 2-beds →

618 last sold in October 2011 at AED 879 per sqft, 7% below what two-beds in Red Residence were fetching at the time (AED 947). Over the last 12 months two-beds sold for AED 650,000 to 950,000, around AED 854 per sqft, and rent for AED 45,000 to 90,000 a year. 618's AED 40,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Jul 2026650,000
14 Apr 2026820,000
16 Feb 2026840,000
17 Jan 2026750,000
8 2-bed sales in the last 12 months

Red Residence

Building

330 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%
Red Residence, Dubai Sports City: prices, sales and rents →

Other units on the 6th floor

All 330 units in Red Residence
Value
6011-bedAED 500K · Feb 2024
6021-bedAED 760K · Oct 2010
603StudioAED 400K · Jan 2016
6041-bedAED 650K · Apr 2017
6051-bedAED 550K · Jul 2024
606StudioAED 275K · Dec 2022
6071-bedAED 650K · Feb 2017
1–7 of 17

618, Red Residence in numbers

  • Sold once: by ME Development on 19 October 2011 for AED 821,750, or AED 879 per sqft.
  • Rented since January 2019 on 3 Ejari contracts, from AED 53,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2011 price is 4.9%, before a service charge of about AED 13,200 a year (AED 14.13 per sqft).
  • Two-beds in Red Residence sold for AED 650,000–950,000 in the 12 months to November 2026; the building's median across all types is AED 799 per sqft.

Source: Dubai Land Department. Updated 18 January 2022.

Questions about 618, Red Residence

What did unit 618 last sell for?

AED 821,750 on 19 October 2011, sold by the developer: AED 879 per sqft for 934 sqft. It is the only registered sale of the unit.

What is the rent for unit 618?

AED 40,000 a year on the contract signed on 18 January 2022. The previous contract, from July 2020, was AED 42,000; the unit has been rented since January 2019.

How big is unit 618?

934 sqft (86.8 sqm): a two-bedroom apartment on the 6th floor of a 22-storey tower completed in 2014.

What is unit 618 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Red Residence sold for AED 650,000 to 950,000 in the last 12 months, around AED 854 per sqft.

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Mortgage on 618, Red Residence

Starts from the last sale price (AED 822K, 19 October 2011). Switch to today's estimate once you have unlocked it.
Price
AED 821,750
Deposit, UAE resident (20%)
AED 164,350
Deposit, non-resident (40%)
AED 328,700
Monthly over 25 years at 3.7%
AED 3,362

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →