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Red Residence, Dubai Sports City

Red Residence, Dubai Sports City

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Dubai Sports City, Dubai

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Strengths

Prime Location

Modern Amenities

Affordable Pricing

Weakens

Limited Public Transport

Construction Noise

High Competition

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Buildign Overview

Summary

  • Red Residence is a prime residential development located in the heart of Dubai Sports City, an area recognized for its vibrant sporting environment.
  • The building is strategically situated near major landmarks including sports complexes, various venues, and recreational facilities, enhancing its appeal to active lifestyle seekers.
  • Situated within an accessible urban landscape, it boasts proximity to key transport links such as Sheikh Mohammed Bin Zayed Road, making commuting effortless.

Properties Overview

  • Red Residence features a variety of residential units, ideal for both buyers and renters, including one, two, and three-bedroom apartments.
  • Current estimated rental prices range from AED 45,000 to AED 95,000 annually depending on the unit size, with sales prices averaging between AED 700,000 and AED 1.5 million.
  • The most sought-after units are the spacious two-bedroom apartments, with their layouts appealing to both families and young professionals.

Market Trends

  • The property market in Dubai Sports City has shown resilience, with rental prices increasing by approximately 5% over the past year, signaling strong demand.
  • Sales prices have remained stable, making investment opportunities viable, with potential returns on investment around 6-7%.
  • Future trends indicate growing interest in Dubai Sports City as new amenities and developments are planned for the area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents of Red Residence have access to essential services including supermarkets, schools, and healthcare facilities.
  • Nearby institutions include reputable schools and clinics, providing comprehensive education and health services to families.

Transportation and Accessibility

  • Public transport options are abundant, with easy access to bus stations and the planned metro extension in the pipeline.
  • The building also offers ample parking for residents and guests, enhancing convenience for car owners.

Lifestyle Amenities

  • Lifestyle options nearby include top-notch gyms, diverse dining establishments, hotels, and leisure parks, catering to various tastes and preferences.
  • Residents can enjoy outdoor activities such as cycling and jogging trails situated close to the building.

Builing Facilities

  • Red Residence is equipped with modern elevators, a state-of-the-art security system, and central air conditioning for climate control.
  • Ongoing maintenance services ensure that the building is well-maintained and tenants' needs are promptly addressed.

Special Services

  • The building provides value-added services including concierge assistance, guest relations, and a business center to facilitate work-from-home requirements.
  • Unique amenities promote a sense of community and convenience for all residents.

Planning Your Move or Investment

Floor Plans and Property Types

  • A range of flexible floor plans is available, including contemporary layouts that cater to the various lifestyle needs of renters and buyers.
  • Options range from efficiently designed one-bedroom units to expansive three-bedroom apartments, accommodating different family sizes.

Things to Consider

  • Prospective tenants and buyers should evaluate factors such as proximity to work, school options, and access to public transportation before making a decision.
  • Consider the building's overall community vibe and amenities to ensure they align with personal lifestyles.

Useful FAQs and Support

Events and Building Life

Building Events

  • Red Residence hosts a variety of community events throughout the year aimed at fostering neighborly relationships and social engagement among residents.
  • Regular gatherings, including fitness challenges and cultural events, enhance the living experience.

Community Identity

  • The building embodies a modern urban lifestyle, promoting wellness and activity through its strategic location in Dubai Sports City.
  • Unique elements such as an artistic facade and eco-friendly designs set Red Residence apart from other developments in the area.

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Detailed Buiding Insights

1. Family Friendliness

Red Residence provides a family-oriented environment with ample playgrounds and facilities geared towards children, making it an excellent choice for families.

Exceptionally Welcoming

2. Living Options

The community offers a range of living options, from spacious apartments to smaller units, catering to different family sizes and budgets.

Broadly Diverse

3. Safety And Security

With 24/7 security personnel and surveillance systems in place, residents can feel safe and secure in their homes.

Remarkably Secure

4. Transportation

While public transport options are present, most residents find a car necessary for optimal convenience, given the community's layout and proximity to key areas.

Moderately Convenient

5. Amenities And Facilities

The presence of a fitness center, swimming pool, and community parks makes Red Residence well-equipped to cater to residents' recreational needs.

Richly Equipped

6. Cost Of Living

Real estate prices are competitive for the quality of living provided, with reasonable costs for amenities.

Relatively Balanced

7. Things To Do

With nearby malls, sports venues, and parks, residents have a wide array of options for leisure and recreational activities.

Vibrantly Diverse

8. Noise Levels

Most areas of the community are quiet, benefiting from strategic landscaping and separation from main roads.

Generally Peaceful

9. Pet Friendliness

Residents are welcomed to have pets, with designated areas for walking dogs and pet-friendly amenities.

Warmly Accommodating

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Information is compiled using advanced tools. Ensure critical details are independently confirmed.

Key Information

Developer: Middle East Development LLC

Building Type: Residential

Building Age: 9 years(Date of completion: 2015)

Length: 321

Unit Types : Studios, 1, 2 and 3-bedroom apartments

Floors: 20

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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