Red Residence
A 1 bed in Red Residence costs a median AED 610,000, rents long-let for AED 57,000/yr (9.05% gross), and returns 16.29% short-let at the assumed 80% occupancy — +0.7 pts vs Dubai Sports City's 8.33% and +2.1 pts vs Dubai's 6.97% — from 45 sales and 138 rental contracts registered in the last 24 months through 26 Aug 2026.
- Registered data
- Sales · 1 bed
- 18 in 12 months
- Rental contracts · 1 bed
- 65 in 12 months
- Buy
- 610,000AED
- AED 793/sqft
- Long-let
- 9.05%
- AED 57,000/yr
- Short-let
- 16.29%
- AED 457/night · 0.57/sqft
Price per sqft: Median of 18 registered sales of ready units in the last 12 months, most recent June 2026.
Priced off the last 5 sales — most recent June 2026.
- Yield spread
- +0.7 pts
- vs the Dubai Sports City median for this unit type
- Turnover upside
- +18.8%
- new tenants pay more than sitting ones — 95 renewals
- AED/yr/sqft
- AED 72
- Sales
- 45
- Rental contracts
- 138
- Renewal rent
- AED 48,000/yr
- 12 months
- +7.2%
- 3 years
- +36.0%+10.8%/yr
- 5 years
- +79.4%+12.4%/yr
Based on 45 sales and 138 rental contracts in the last 24 months.
Red Residence is an apartment building in Dubai Sports City, Dubai. The closest metro station is Dubai Internet City, the nearest mall Marina Mall and the nearest landmark Sports City Swimming Academy. Land Department records for it run from 2015 to 2026, 856 registered sales in all — the 45 in the last 24 months are what every median above is computed from.
Price history
Every recorded sale in Red Residence, by year.
Chart data: Jan 2015, 920 AED/sqft; latest, Jul 2026, 739 AED/sqft; peak, Jan 2015, 920 AED/sqft.
Yield by bedroom type
Deltas compare each yield with the Dubai Sports City median for the same unit type. How these yields are computed
How these yields are computed
Short-let rates around Red Residence
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
How short-let rates are measured
Nightly rate per sqft through the year
1 bed: first Oct 2026, 0.45 AED/night/sqft; latest Sep 2027, 0.41 AED/night/sqft; peak Dec 2026, 0.66 AED/night/sqft.
Net revenue assumes 80% occupancy — an assumption, not a measurement.
What the net revenue deducts
Off-plan vs resale
Units sold off-plan in Red Residence between 2010 and 2018 went for a median of AED 912/sqft (AED 763,800). The same building resells today at AED 764/sqft (AED 620,000) — an uplift of -18.8%.
Based on 375 off-plan sales across the building's full history.
Why this uses the full history
Recent transactions
As filed with the Land Department — data to 2026-08-26.
32 resales in the last 12 months, against 45 a year on average over 2023–2025.
Sales
2 resales in the last 3 months.
Rental contracts
36 contracts starting on or after 26 May 2026.
Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.
As registered
The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.
- Floors
- 22
- Flats
- 333
- Lifts
- 4
- Parking bays
- 343
- Swimming pools
- 1
- Flats per lift
- 83.25
- Parking per flat
- 1.03
- Pools per 100 flats
- 0.3
Nearby
- Metro
- Dubai Internet City
- Mall
- Marina Mall
- Landmark
- Sports City Swimming Academy
Compare with nearby buildings
The most-traded buildings in Dubai Sports City, on the same figures over the same window.
- Highest rental yields in Dubai Sports City · Red Residence places 19th of 56
Common questions
- What is the rental yield in Red Residence?
- Red Residence returns 9.05% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 138 rental contracts registered in the last 24 months.
- How much does a 1 bedroom in Red Residence cost?
- The median registered sale price is AED 610,000 (764 AED/sqft), from 45 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
- What are apartments in Red Residence selling for right now?
- Registered sales of ready units in Red Residence over the last 12 months have a median of 793 AED/sqft, across 18 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
- Have prices in Red Residence risen or fallen?
- Median price per square foot moved +7.2% over the last 12 months against the 12 before it, on 45 registered sales. On a sample this size, read the direction rather than the exact figure.
- How does Red Residence compare with Dubai Sports City?
- Its 9.05% gross yield sits +0.7 pts against the Dubai Sports City median of 8.33%, computed at the same bedroom grain over the same 24-month window.
Red Residence sale record
- Record type
- Building-level property market record
- Data date
- Evidence base
- 45 registered sales in the trailing 24 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-let rates
- Canonical record
- /sale/apartments/dubai/dubai-sports-city/red-residence
Cite as: Dubai Wealth Index. “Red Residence sale prices and yield.” Dubai Sports City, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/sale/apartments/dubai/dubai-sports-city/red-residence.
Stable dataJSON
Where this data stops
Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.