Project · Transactions · 2024

Red Residence Property Transactions 2024

39 property sales worth ⃃ 21.33M were registered in Red Residence in 2024, 13.3% lower than 2023 by number of sales. The median sale price was ⃃ 550,000 and the median price per square foot ⃃ 698 (+20.9% on 2023).

Period: 1 Jan – 31 Dec 2024Compared with: 2023Sample: 39 salesUpdated: 17 Oct 2026
Property sales
39
−13.3% vs 2023
1 Jan – 31 Dec 2024
Total value
⃃ 21.33M
−3.5% vs 2023
1 Jan – 31 Dec 2024
Median sale price
⃃ 550,000
+14.6% vs 2023
39 sales
Median price per sq ft
⃃ 698
+20.9% vs 2023
39 sales

What types of property sold in Red Residence in 2024?

1 Jan – 31 Dec 2024

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments39100%⃃ 21.33M⃃ 550,000⃃ 698

How were 2024 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)25.1%⃃ 1.09M⃃ 545,000⃃ 659
Resale (secondary)3794.9%⃃ 20.24M⃃ 560,000⃃ 710
Ready39100%⃃ 21.33M⃃ 550,000⃃ 698

How many rental contracts were registered in Red Residence in 2024?

179 rental contracts (new and renewed) were registered in Red Residence in 2024, at a median annual rent of ⃃ 48,000 (+14.3% on 2023). Rental yields in Red Residence

What were the most expensive property sales in Red Residence in 2024?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
10/01/2024Red Residence2 beds · Apartment1,117 sq ft⃃ 740,000Resale · Ready
25/04/2024Red Residence2 beds · Apartment1,113 sq ft⃃ 700,000Resale · Ready
04/04/2024Red Residence2 beds · Apartment970 sq ft⃃ 700,000Resale · Ready
18/07/2024Red Residence2 beds · Apartment970 sq ft⃃ 695,000Resale · Ready
16/07/2024Red Residence2 beds · Apartment934 sq ft⃃ 675,000Resale · Ready
14/03/2024Red Residence2 beds · Apartment970 sq ft⃃ 670,000Resale · Ready
02/02/2024Red Residence2 beds · Apartment934 sq ft⃃ 630,000Resale · Ready
20/09/2024Red Residence1 bed · Apartment734 sq ft⃃ 630,000Resale · Ready
06/06/2024Red Residence2 beds · Apartment970 sq ft⃃ 630,000Resale · Ready
04/09/2024Red Residence1 bed · Apartment828 sq ft⃃ 625,000Resale · Ready

What were the last registered sales of 2024?

DatePropertyTypeSizePriceMarket
18/12/2024Red ResidenceStudio · Apartment408 sq ft⃃ 360,000Resale · Ready
12/12/2024Red Residence1 bed · Apartment788 sq ft⃃ 570,000Resale · Ready
20/11/2024Red Residence1 bed · Apartment825 sq ft⃃ 600,000Resale · Ready
19/11/2024Red Residence1 bed · Apartment824 sq ft⃃ 585,000Resale · Ready
08/11/2024Red ResidenceStudio · Apartment408 sq ft⃃ 350,000Resale · Ready
31/10/2024Red Residence1 bed · Apartment824 sq ft⃃ 595,000Resale · Ready
17/10/2024Red ResidenceStudio · Apartment411 sq ft⃃ 390,000Resale · Ready
10/10/2024Red Residence1 bed · Apartment788 sq ft⃃ 580,000Resale · Ready
04/10/2024Red Residence1 bed · Apartment832 sq ft⃃ 570,000Resale · Ready
20/09/2024Red Residence1 bed · Apartment734 sq ft⃃ 630,000Resale · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2024 with the whole of 2023.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/red-residence/2024
Red Residence Property Transactions 2024. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/red-residence/2024

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Red Residence in 2024?
39 property sales worth ⃃ 21,326,619 were registered in Red Residence in 2024. That is 13.3% lower than 2023.
What was the median property price in Red Residence in 2024?
The median sale price was ⃃ 550,000 and the median price per square foot ⃃ 698 (1 Jan – 31 Dec 2024).
What share of 2024 sales in Red Residence were off-plan or from developers?
Developer (primary) sales were 5.1% of the 39 sales and resales 94.9%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/red-residence/2024