Red Residence in Dubai Sports City - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Red Residence

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	71	8,285	585,000
2	97	8,898	862,500

Rents in Red Residence

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	73	791	57,773
2	98	805	78,500

The cap rate (rental yield) of investments into Red Residence project is 9.3% on average.

The price of an apartment in Red Residence is 8,578 AED/sqm on average.

The long term rent of an apartment in Red Residence is 794 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Red Residence is 585,000 AED or 8,285 AED/sqm.
Price for completed 2 bedroom apartment in Red Residence is 862,500 AED or 8,898 AED/sqm.

Rent for 1 bedroom apartment in Red Residence is 57,773 AED or 791 AED/sqm.
Rent for 2 bedroom apartment in Red Residence is 78,500 AED or 805 AED/sqm.

About Red Residence

'Red Residence' in 'Dubai Sports City' area project description

Red Residence is a luxurious residential development located in Dubai, United Arab Emirates. It is situated in the heart of the city, just a few minutes away from the iconic Burj Khalifa and the Dubai Mall. The project is a joint venture between two renowned developers, Emaar Properties and Dubai Properties. The development is comprised of two towers, each offering a range of spacious 1, 2, 3, and 4-bedroom apartments.

The apartments are designed to provide the highest level of comfort and convenience, with modern amenities and facilities. The interiors are designed with contemporary style, featuring high-end finishes and fixtures. The apartments are also equipped with a range of modern appliances and features, such as air conditioning, built-in kitchen appliances, and a private balcony.

The development also offers a range of recreational facilities for its residents, including a swimming pool, gym, sauna, and steam room. There is also a children’s play area, as well as a range of shops and restaurants. The development also offers 24-hour security and maintenance services.

Red Residence is located in a prime location, close to some of the city’s most popular attractions. It is within walking distance of the Dubai Mall and the Burj Khalifa, as well as the Dubai Marina and the Palm Jumeirah. It is also close to a range of public transportation options, making it easy to get around the city.

Red Residence is an ideal choice for those looking for a luxurious lifestyle in the heart of Dubai. With its modern amenities and facilities, as well as its prime location, it is the perfect place to call home.

Q&A on Red Residence

What are the advantages of 'Red Residence' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Red Residence is located in the heart of Dubai, offering easy access to the city's main attractions, including the Dubai Mall, Burj Khalifa, and Dubai International Airport.

2. Luxury Amenities: Red Residence offers a range of luxury amenities, including a swimming pool, gym, and spa.

3. Affordable Prices: Red Residence offers competitive prices for real estate buyers, making it an attractive option for those looking for an affordable property in Dubai.

4. High Rental Yields: Red Residence offers high rental yields, making it an attractive option for investors looking to generate a steady income from their property.

5. Flexible Payment Plans: Red Residence offers flexible payment plans, allowing buyers to pay for their property in installments.

6. Professional Management: Red Residence is professionally managed, ensuring that all tenants are treated fairly and that the property is well maintained.

What projects are better than 'Red Residence' project in Dubai which are located close by, and why?

1. Victory Heights: This development offers luxury villas and townhouses with extensive landscaping and golf course views. It has a more upscale residential feel compared to the apartment-focused Red Residence. Amenities include parks, playgrounds, and access to the Els Golf Club.

2. Canal Residence West: Located along the central waterway, this development features a range of apartment styles including Mediterranean, Venetian, and European themes. It provides diverse dining and retail options right near the residences, creating a vibrant community atmosphere.

3. Elite Sports Residence: Known for its modern design and comprehensive amenities, this project offers high-quality apartments with facilities like pools, gyms, and extensive sporting options, including tracks and courts. It provides a balanced mix of luxury and affordability, which may appeal more to long-term residents.

4. The Matrix: A high-end residential tower known for its distinctive architecture and premium amenities. It offers rooftop swimming pools, state-of-the-art gym facilities, and high-spec interiors. The Matrix is designed to attract those seeking a modern and luxurious lifestyle.

5. Dubai Sports Tower: This development includes well-designed apartments with superior build quality and additional features such as retail spaces and dedicated parking. Its close proximity to sports venues adds to its appeal for sports enthusiasts.

6. Grand Horizon: Featuring spacious apartments and a focus on luxury, this development includes amenities like a rooftop swimming pool, fitness centers, and concierge services. It also offers easy access to sports facilities and retail outlets within the area.

7. Hub Canal: With a focus on family-friendly living, this project offers large, well-appointed apartments, community parks, and children’s play areas. The close-knit community feel is a significant advantage over Red Residence, which is more individual-focused.

Each of these projects offers unique advantages, such as upscale amenities, diverse residential options, and enhanced community features, making them attractive alternatives to Red Residence for potential buyers or renters.

What are the closest schools to 'Red Residence' project in Dubai?

- Victory Heights Primary School: Located in Victory Heights within Dubai Sports City, this school is approximately a 5-minute drive from 'Red Residence'.

- Gems United School: Situated in the heart of Dubai Sports City, it offers easy access and is about a 7-minute drive from 'Red Residence'.

- The Wonder Years Nursery: Also located within Dubai Sports City, this nursery is around a 5-minute drive away.

- Royal Grammar School Guildford Dubai: Found in the nearby Tilal Al Ghaf community, this school is approximately a 15-20 minute drive from 'Red Residence'.

- Jumeirah English Speaking School (JESS) Arabian Ranches: Located in the Arabian Ranches community, it is about a 20-minute drive from 'Red Residence'.

What are the closest medical clinics to 'Red Residence' project in Dubai?

1. Your Health Clinic:
- Location: Elite Sports Residence 10, Dubai Sports City

2. NMC Hospital DIP:
- Location: Dubai Investments Park, not very far from Dubai Sports City

3. Aster Clinic:
- Location: IMPZ, Me'aisem City Centre

4. Mediclinic Me’aisem:
- Location: Me'aisem City Centre, IMPZ

5. Emirates Hospital Day Surgery & Medical Center, Motor City:
- Location: Detroit House, Motor City

6. Al Zahra Hospital Dubai:
- Location: Al Barsha 1, Sheikh Zayed Road, near Mashreq Metro Station