diff --git a/sdk/redis/Azure.ResourceManager.Redis/CHANGELOG.md b/sdk/redis/Azure.ResourceManager.Redis/CHANGELOG.md
index e41cce37ae2a..193fb8b7c8b0 100644
--- a/sdk/redis/Azure.ResourceManager.Redis/CHANGELOG.md
+++ b/sdk/redis/Azure.ResourceManager.Redis/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.5.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.4.0 (2024-07-11)
 
 ### Features Added
diff --git a/sdk/redis/Azure.ResourceManager.Redis/src/Azure.ResourceManager.Redis.csproj b/sdk/redis/Azure.ResourceManager.Redis/src/Azure.ResourceManager.Redis.csproj
index 618ff638d561..04fcea2d32ac 100644
--- a/sdk/redis/Azure.ResourceManager.Redis/src/Azure.ResourceManager.Redis.csproj
+++ b/sdk/redis/Azure.ResourceManager.Redis/src/Azure.ResourceManager.Redis.csproj
@@ -1,8 +1,8 @@
 <Project Sdk="Microsoft.NET.Sdk">
   <PropertyGroup>
-    <Version>1.4.0</Version>
+    <Version>1.5.0-beta.1</Version>
     <!--The ApiCompatVersion is managed automatically and should not generally be modified manually.-->
-    <ApiCompatVersion>1.3.3</ApiCompatVersion>
+    <ApiCompatVersion>1.4.0</ApiCompatVersion>
     <PackageId>Azure.ResourceManager.Redis</PackageId>
     <Description>Microsoft Azure Resource Manager client SDK for Azure resource provider Microsoft.Cache Redis.</Description>
     <PackageTags>azure;management;arm;resource manager;redis</PackageTags>