709, Red Residence
Sold prices and rental history: sold once, by the developer in September 2012, 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 709, Red Residence
What is 709 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 974 sqft
- Floor
- 7th of 22
- Parking
- B1-117
- Developer
- ME Development
- Completed
- 2014
- Service charge
- AED 13,800 /yr
- Last sold
- AED 653K · September 2012
- Building
- Red Residence
About 709, Red Residence
709 is a two-bedroom apartment of 974 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 13 September 2012 for AED 653,481, or AED 670 per sqft, 30% below the AED 961 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 68,000 a year: a gross yield of 10.4% on the 2012 price, before the service charge of about AED 13,800 a year.
Sales and rents for 709 over time
709 has sold once; the dashed line is the two-bed median of each year in the building.
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 709 sits
All 96 2-beds →709 last sold in September 2012 at AED 670 per sqft, 30% below what two-beds in Red Residence were fetching at the time (AED 961). 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. 709's AED 68,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jul 202616 July 2026 | 931 sqft | 650,000 | 697 | ||
| 14 Apr 202614 April 2026 | 931 sqft | 820,000 | 880 | ||
| 16 Feb 202616 February 2026 | 934 sqft | 840,000 | 899 | ||
| 17 Jan 202617 January 2026 | 934 sqft | 750,000 | 802 |
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 | |
| 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 | |
| 708 | 1-bed | 758 sqft | AED 450KAED 450,000 · Jul 2023July 2023 | 55,000 /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 |
709, Red Residence in numbers
- Sold once: by ME Development on 13 September 2012 for AED 653,481, or AED 670 per sqft.
- Rented since April 2018 on 7 Ejari contracts. The rent fell from AED 64,000 to AED 50,000 in 2019 and recovered to AED 68,000 by June 2026.
- At AED 68,000 a year the gross yield on the 2012 price is 10.4%, before a service charge of about AED 13,800 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 1 June 2026.
Questions about 709, Red Residence
What did unit 709 last sell for?
AED 653,481 on 13 September 2012, sold by the developer: AED 670 per sqft for 974 sqft. It is the only registered sale of the unit.
What is the rent for unit 709?
AED 68,000 a year on the contract renewed on 1 June 2026. The previous contract, from June 2025, was AED 68,000; the unit has been rented since April 2018.
How big is unit 709?
974 sqft (90.5 sqm): a two-bedroom apartment on the 7th floor of a 22-storey tower completed in 2014.
What is unit 709 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 709, Red Residence
Starts from the last sale price (AED 653K, 13 September 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 653,481
- Deposit, UAE resident (20%)
- AED 130,696
- Deposit, non-resident (40%)
- AED 261,392
- Monthly over 25 years at 3.7%
- AED 2,674
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →