708, Red Residence
Sold prices and rental history: sold 3 times, last in July 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, Red Residence
What is 708 worth today?
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Source: Dubai Land Department. Updated 15 October 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 758 sqft
- Floor
- 7th of 22
- Parking
- B1-127
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 10,700 /yr
- Last sold
- AED 450K · July 2023
- Building
- Red Residence
About 708, Red Residence
708 is a one-bedroom apartment of 758 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 20 July 2023 for AED 450,000, or AED 594 per sqft, 9% above the AED 544 one-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 15 October 2025, is AED 55,000 a year: a gross yield of 12.2% on the 2023 price, before the service charge of about AED 10,700 a year.
Sales and rents for 708 over time
708 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 708 sits
All 202 1-beds →708 last sold in July 2023 at AED 594 per sqft, 9% above what one-beds in Red Residence were fetching at the time (AED 544). 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. 708's AED 55,000 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 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 | |
| 706 | Studio | 408 sqft | AED 425KAED 425,000 · Sep 2025September 2025 | 48,000 /yr | |
| 707 | 1-bed | 734 sqft | AED 585KAED 585,000 · Sep 2024September 2024 | 38,000 /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 | 42,500 /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 |
708, Red Residence in numbers
- Sold 3 times: first on 12 October 2011 for AED 667,880, last on 20 July 2023 for AED 450,000 (AED 594 per sqft).
- Rented since July 2023 on 3 Ejari contracts, from AED 38,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2023 price is 12.2%, before a service charge of about AED 10,700 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 15 October 2025.
Questions about 708, Red Residence
What did unit 708 last sell for?
AED 450,000 on 20 July 2023: AED 594 per sqft for 758 sqft. The unit has 3 registered sales; the first was AED 667,880 in October 2011.
What is the rent for unit 708?
AED 55,000 a year on the contract signed on 15 October 2025. The previous contract, from July 2024, was AED 50,000; the unit has been rented since July 2023.
How big is unit 708?
758 sqft (70.4 sqm): a one-bedroom apartment on the 7th floor of a 22-storey tower completed in 2014.
What is unit 708 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 708, Red Residence
Starts from the last sale price (AED 450K, 20 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →