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1-bed · 832 sqftRed Residence, Dubai Sports City · 7th floor · completed 2014

704, Red Residence

Sold prices and rental history: sold once, by the developer in June 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 27 June 2011
Last soldAED 776K27 June 2011
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, Red Residence

What is 704 worth today?

Last sold for AED 776,445 in 2011

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27 Jun 2011Sold by developerOff-plan
AED 776,445AED 933 per sqft

Source: Dubai Land Department. Updated 27 June 2011.

Key facts

Type
1-bed apartment
Size
832 sqft
Floor
7th of 22
Parking
B1-112
Developer
ME Development
Completed
2014
Service charge
AED 11,800 /yr
Last sold
AED 776K · June 2011
Building
Red Residence

About 704, Red Residence

704 is a one-bedroom apartment of 832 sqft on the 7th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. The developer sold it on 27 June 2011 for AED 776,445, or AED 933 per sqft, 8% below the AED 1,009 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical one-bed in Red Residence
250K500K750K2010201520202025Typical sale price by year: 2010 AED 721,600; 2011 AED 782,387; 2012 AED 734,003; 2013 AED 847,026; 2014 AED 740,000; 2015 AED 740,050; 2016 AED 674,922; 2017 AED 690,000; 2019 AED 460,000; 2020 AED 350,000; 2021 AED 335,000; 2022 AED 395,000; 2023 AED 440,000; 2024 AED 550,000; 2025 AED 610,000; 2026 AED 620,000Sold by developer, June 2011: AED 776,445 (AED 933 per sqft)

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

Rents
Unit 704, each contractTypical one-bed in Red Residence
40K2018202120242027Typical rent by year: 2018 AED 48,000; 2019 AED 42,000; 2020 AED 34,000; 2021 AED 31,000; 2022 AED 35,000; 2023 AED 40,480; 2024 AED 48,000; 2025 AED 55,000; 2026 AED 55,000

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 704 sits

All 202 1-beds →

704 last sold in June 2011 at AED 933 per sqft, 8% below what one-beds in Red Residence were fetching at the time (AED 1,009). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Nov 2026550,000
23 Oct 2026630,000
25 Sep 2026580,000
22 Sep 2026590,000
17 1-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
8.8%
Red Residence, Dubai Sports City: prices, sales and rents →

Other units on the 7th floor

All 330 units in Red Residence
Value
7011-bedAED 620K · Nov 2025
7021-bedAED 656K · Jun 2011
703StudioAED 381K · Jun 2011
7051-bedAED 270K · May 2025
706StudioAED 425K · Sep 2025
7071-bedAED 585K · Sep 2024
7081-bedAED 450K · Jul 2023
1–7 of 17

704, Red Residence in numbers

  • Sold once: by ME Development on 27 June 2011 for AED 776,445, or AED 933 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 27 June 2011.

Questions about 704, Red Residence

What did unit 704 last sell for?

AED 776,445 on 27 June 2011, sold by the developer: AED 933 per sqft for 832 sqft. It is the only registered sale of the unit.

How big is unit 704?

832 sqft (77.3 sqm): a one-bedroom apartment on the 7th floor of a 22-storey tower completed in 2014.

What is unit 704 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 704, Red Residence

Starts from the last sale price (AED 776K, 27 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 776,445
Deposit, UAE resident (20%)
AED 155,289
Deposit, non-resident (40%)
AED 310,578
Monthly over 25 years at 3.7%
AED 3,177

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