706, Red Residence
Sold prices and rental history: sold 5 times, last in September 2025, 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 706, Red Residence
What is 706 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 408 sqft
- Floor
- 7th of 22
- Parking
- B1-114
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 5,800 /yr
- Last sold
- AED 425K · September 2025
- Building
- Red Residence
About 706, Red Residence
706 is a studio of 408 sqft on the 7th floor of Red Residence, a 22-storey tower in Dubai Sports City completed in 2014 by ME Development. It last sold on 22 September 2025 for AED 425,000, or AED 1,041 per sqft, 5% above the AED 995 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 October 2026, is AED 48,000 a year: a gross yield of 11.3% on the 2025 price, before the service charge of about AED 5,800 a year.
Sales and rents for 706 over time
706 has sold 5 times; 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 706 sits
All 32 studios →706 last sold in September 2025 at AED 1,041 per sqft, 5% above what studios in Red Residence were fetching at the time (AED 995). 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. 706's AED 48,000 is at the top 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 | ||
| 18 Dec 202418 December 2024 | 215 sqft | 360,000 | 1,672 |
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 7th floor
All 330 units in Red Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 758 sqft | AED 620KAED 620,000 · Nov 2025November 2025 | 54,000 /yr | |
| 702 | 1-bed | 734 sqft | AED 656KAED 655,500 · Jun 2011June 2011 | ||
| 703 | Studio | 408 sqft | AED 381KAED 381,321 · Jun 2011June 2011 | 30,450 /yr | |
| 704 | 1-bed | 832 sqft | AED 776KAED 776,445 · Jun 2011June 2011 | ||
| 705 | 1-bed | 416 sqft | AED 270KAED 270,000 · May 2025May 2025 | 60,000 /yr | |
| 707 | 1-bed | 734 sqft | AED 585KAED 585,000 · Sep 2024September 2024 | 38,000 /yr | |
| 708 | 1-bed | 758 sqft | AED 450KAED 450,000 · Jul 2023July 2023 | 55,000 /yr | |
| 709 | 2-bed | 974 sqft | AED 653KAED 653,481 · Sep 2012September 2012 | 68,000 /yr | |
| 710 | 1-bed | 761 sqft | AED 400KAED 400,000 · Aug 2019August 2019 | 38,000 /yr | |
| 711 | 1-bed | 367 sqft | AED 705KAED 704,900 · Dec 2015December 2015 | 52,000 /yr | |
| 712 | Studio | 408 sqft | AED 234KAED 233,573 · Mar 2020March 2020 | 36,000 /yr | |
| 713 | 1-bed | 825 sqft | AED 839KAED 838,695 · Jun 2017June 2017 | 44,100 /yr | |
| 714 | 1-bed | 828 sqft | AED 625KAED 625,000 · Sep 2024September 2024 | 40,139 /yr | |
| 715 | Studio | 411 sqft | AED 390KAED 390,000 · Oct 2024October 2024 | 40,000 /yr | |
| 716 | 1-bed | 734 sqft | AED 705KAED 704,900 · May 2011May 2011 | ||
| 717 | 1-bed | 761 sqft | AED 590KAED 590,000 · Sep 2026September 2026 | 51,000 /yr | |
| 718 | 2-bed | 934 sqft | AED 750KAED 750,000 · Jan 2026January 2026 | 65,000 /yr |
706, Red Residence in numbers
- Sold 5 times: first on 12 July 2011 for AED 395,200, last on 22 September 2025 for AED 425,000 (AED 1,041 per sqft).
- Rented since December 2018 on 4 Ejari contracts. The rent fell from AED 20,000 to AED 16,000 in 2021 and recovered to AED 48,000 by October 2026.
- At AED 48,000 a year the gross yield on the 2025 price is 11.3%, 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 1 October 2026.
Questions about 706, Red Residence
What did unit 706 last sell for?
AED 425,000 on 22 September 2025: AED 1,041 per sqft for 408 sqft. The unit has 5 registered sales; the first was AED 395,200 in July 2011.
What is the rent for unit 706?
AED 48,000 a year on the contract signed on 1 October 2026. The previous contract, from June 2024, was AED 26,400; the unit has been rented since December 2018.
How big is unit 706?
408 sqft (37.9 sqm): a studio on the 7th floor of a 22-storey tower completed in 2014.
What is unit 706 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 706, Red Residence
Starts from the last sale price (AED 425K, 22 September 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 425,000
- Deposit, UAE resident (20%)
- AED 85,000
- Deposit, non-resident (40%)
- AED 170,000
- Monthly over 25 years at 3.7%
- AED 1,739
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →