Apartments for sale in Red Residence

Red Residence is a 22-storey residential building which was developed in the year 2010 and is situated in Dubai Sports City. Dubai Sports City is a place where high-end residences and world-class sporting activities come together. The apartments in Red Residence are close to all the necessities a person needs for a comfortable life, such as schools, restaurants, cafes, medical care facilities/ hospitals, sports clubs, landmarks, sporting events, retail stores, shopping centres, supermarkets, hotels and various leisure and entertainment options. The apartments remain under constant surveillance with the help of CCTV cameras and security staff. These apartments also provide a concierge that is available at any time of the day.

Types of Apartments in Red Residence

Being close to the residential area of Jumeirah Village Circle (JVC) and Motor City, the apartments in Red Residence are fully furnished, covering a total area of 400 sq. ft.; the bigger apartments offer a living space of 800 sq. ft. These residential properties consist of various studio apartments along with single and dual bedroom flats. The bedrooms of these apartments have attached bathrooms along with fitted wardrobes. Apartments in Red Residence consist of a well-planned kitchen consisting of appliances and cabinets. This building holds a number of amenities, such as a Jacuzzi, sauna rooms, steam rooms, a fully equipped health club/ gym, a swimming pool and a playground for kids. These apartments provide intercom, satellite/ cable TV, broadband internet service along with central air conditioning systems which are already installed in each unit. The lower stories of the building have a lobby, hi-speed elevators and parking spaces.

Sale Price Trends for Apartments in Red Residence

Surrounded by an eco-friendly environment, the units for sale in Red Residence consist of a number of well-designed studio and 1-bed apartments. The regular price of a studio flat is anywhere between AED 350,000 and AED 495,000. However, the average sale price of a 1-bedroom flat in Red Residence ranges between AED 620,000 to AED 750,000. With just 3.24% interest and a 25% down payment, Red Residence has turned into a popular spot for individuals who are looking to buy a property in Dubai Sports City.

Highlights of Red Residence

Red Residence is located remotely close to Business Park Motor City. Red Residence consists of properties that have glorious views of Dubai Sports City. This residential tower is built close to a major road of Dubai, Sheikh Mohammed Bin Zayed Road which is the easiest route to travel to several famous landmarks within the city. Red Residence offers 100% freehold to the owners of these flats. Dubai International Stadium is located near this residency. Being close to every living necessity while offering a modern lifestyle, the flats located in this area have been attracting a lot of real estate investors. So, if you’re looking to rent or invest in the Dubai real estate market, buying a unit in this building is definitely something you should consider.