Red Residence
About the project Red Residence
(sq. ft.)
Red Residence is a 23-storey residential complex located in Dubai Sports City. The project was developed by Middle East Development LLC and was completed in 2015. The building was designed in accordance with international, eco-friendly standards. The developer used innovative technologies to reduce the building’s energy consumption and restrict its impact on the environment.
Properties include studios and one- to three-bedroom apartments. Studios have spacious living rooms and fitted kitchens. Apartments have built-in wardrobes and bedrooms with ensuite bathrooms, and three-bedroom apartments also have additional cloakrooms and powder rooms.
The complex provides a variety of amenities and services, including:
- Three levels of underground parking
- High-speed lifts
- 24-hour physical security and CCTV
- Central air conditioning
- Modern gym
- Swimming pool
- Children’s playgrounds
- Sports facilities
- Prayer room
- 24-hour concierge services
- Smart Home systems
- Broadband internet and satellite television
Properties range in size from 408 sq. ft. to 1,250 sq ft. and range in price from AED 317,000 (USD 86,000) to AED 704,000 (USD 192,000).
*The price is valid for 2021
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Property Information
- Location Dubai Sports City, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1-3BR
- Area from 408 sq. ft.
Location
The nearest bus stop, ICC Headquarters 1, is located within a one-minute walk of the building. Dubai International Airport can be reached within a 30-minute drive.
There are several social and leisure facilities situated within walking distance of the apartments, including:
- Carrefour, Al Maya, and Big Value Supermarket
- Champs Café, Calida 62, and Kickers Sports Bar
- Victory Heights Primary, Renaissance School, and Royal Grammar School Guildford
- The Wonder Years and Kinder Castle Kindergarten
- Mediclinic Parkview Hospital
The complex is located within a five- to 10-minute drive of many popular destinations, including:
- Dubai International Stadium, a stadium that hosts international cricket matches
- The Els Club, a premium golf club
- ICC Cricket Academy, one of Dubai’s best cricket academies located adjacent to the International Cricket Federation headquarters
Economic attractiveness
Dubai Sports City is known for having many fitness clubs and sports facilities. Real estate is located in a well-developed community, which attracts the attention of tenants and investors.
Red Residence offers properties that have a return on investment rate that ranges from 6% to 7%, depending on the type of property. Annual rental rates range from AED 22,500 (USD 7,000) to AED 75,000 (USD 14,000), and the estimated payback period ranges from 14 to 18 years.
*The price is valid for 2021
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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