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Mortgage of AED 580,000: 2-Bedroom Apartment in Red Residence

Located in Sports City, Dubai. Mortgage values are registered loan amounts, not sale prices, so this record is not used in price statistics.

All Sports City salesRed Residence prices

Loan amount

AED 580,000

Per sqft
AED 621
Registered
17 Jan 2026, 15:44 (Dubai)
Red Residence, Dubai

01 / Price history

This unit's history

Every registration of this 2-bedroom apartment in Red Residence: same layout, exact size (934 sqft) and parking bay B2-13. The registry has no unit numbers, so records are matched on these details.

  1. 17 Jan 2026

    934 sqft · AED 803/sqft · Ready

    First recordAED 750,000

  2. 17 Jan 2026This mortgage

    Same day as previous · 934 sqft · AED 621/sqft · Ready

    23%lower than the previous recordAED 580,000
Records
2
Registered
Same day
as the sale, 17 Jan 2026
Loan to value
77%
AED 580K mortgage on the AED 750K sale

02 / The property

Property details

Size
934 sqft · 86.8 m²
Bedrooms
2 BR
Registered as
Mortgage Registration
Property sub-type
Flat
Usage
Residential
Tenure
Freehold
Parking
B2-13
Nearest metro
Dubai Internet City
Nearest mall
Marina Mall
Nearest landmark
Sports City Swimming Academy

03 / Comparables

All sales in Red Residence (8 Jan 2026 – 25 Sept 2026)

18 market sales. Percentages compare each sale with this one.

Filter & sort
Comparable market sales. Change is relative to the selected sale.
Sale recordRecordedValue · AEDAED / sqft
25 Sept 2026580K0% vs selected736+19% vs selected
24 Sept 2026415K−28% vs selected1,017+64% vs selected
22 Sept 2026590K+2% vs selected775+25% vs selected
15 Sept 2026575K−1% vs selected729+17% vs selected
14 Sept 2026665K+15% vs selected813+31% vs selected
16 Jul 2026650K+12% vs selected698+12% vs selected
30 Jun 2026615K+6% vs selected780+26% vs selected
19 May 2026630K+9% vs selected799+29% vs selected
14 Apr 2026820K+41% vs selected881+42% vs selected
30 Mar 2026690K+19% vs selected837+35% vs selected
18 Mar 2026600K+3% vs selected792+28% vs selected
26 Feb 2026650K+12% vs selected795+28% vs selected
16 Feb 2026840K+45% vs selected899+45% vs selected
5 Feb 2026670K+16% vs selected819+32% vs selected
17 Jan 2026750K+29% vs selected803+29% vs selected
15 Jan 2026590K+2% vs selected775+25% vs selected
12 Jan 2026620K+7% vs selected844+36% vs selected
8 Jan 2026950K+64% vs selected853+37% vs selected

04 / Renting it out

What similar apartments rent for

Median of 44 market rents of apartments of 794–1,074 sq ft in Sports City.

See these contracts
Median rent / yr
AED 58,000
Per sqft / yr
AED 65/sqft