118, Glitz Residence 1
Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 118, Glitz Residence 1
What is 118 worth today?
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Source: Dubai Land Department. Updated 10 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 1st of 8
- Parking
- B-54, B-49
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 22,500 /yr
- Last sold
- AED 1.21M · August 2015
- Building
- Glitz Residence 1
About 118, Glitz Residence 1
118 is a two-bedroom apartment of 1,326 sqft on the 1st floor of Glitz Residence 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. The developer sold it on 10 August 2015 for AED 1,208,143, or AED 911 per sqft, in line with the AED 907 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, renewed on 10 March 2025, is AED 80,000 a year: a gross yield of 6.6% on the 2015 price, before the service charge of about AED 22,500 a year.
Sales and rents for 118 over time
118 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Glitz Residence 1, and where 118 sits
All 32 2-beds →118 last sold in August 2015 at AED 911 per sqft, in line with what two-beds in Glitz Residence 1 were fetching at the time (AED 907). Over the last 12 months two-beds sold for AED 1,070,000, around AED 910 per sqft, and rent for AED 69,300 to 113,000 a year. 118's AED 80,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Sep 20263 September 2026 | 1,175 sqft | 1,070,000 | 910 | ||
| 8 May 20258 May 2025 | 1,196 sqft | 1,100,000 | 920 | ||
| 21 Apr 202521 April 2025 | 1,197 sqft | 1,050,000 | 877 | ||
| 15 Apr 202515 April 2025 | 1,200 sqft | 1,050,000 | 875 |
Glitz Residence 1
Building146 apartments, studios to 3-bed over 8 floors in Dubai Studio City, completed in 2017 by Danube Properties Development. 11 sold in the last 12 months.
- Typical price per sqft
- AED 990 Up 4.3%
- Typical sale
- AED 505K
- Typical rent
- AED 60K /yr
- Typical yield
- 8.2%
Other units on the 1st floor
All 146 units in Glitz Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 785 sqft | AED 730KAED 730,000 · Mar 2025March 2025 | 68,000 /yr | |
| 102 | Studio | 466 sqft | AED 469KAED 468,837 · Aug 2015August 2015 | 42,000 /yr | |
| 103 | 2-bed | 1,361 sqft | AED 1.21MAED 1,208,143 · Oct 2015October 2015 | 80,000 /yr | |
| 104 | 2-bed | 1,535 sqft | AED 1MAED 1,000,000 · Aug 2024August 2024 | 55,000 /yr | |
| 105 | Studio | 574 sqft | AED 490KAED 490,000 · Oct 2023October 2023 | 35,000 /yr | |
| 106 | 1-bed | 767 sqft | AED 735KAED 735,000 · Sep 2025September 2025 | 60,000 /yr | |
| 107 | 1-bed | 862 sqft | AED 851KAED 850,779 · Apr 2015April 2015 | 58,000 /yr | |
| 108 | 1-bed | 782 sqft | AED 735KAED 735,000 · Sep 2025September 2025 | 57,000 /yr | |
| 109 | Studio | 484 sqft | AED 490KAED 490,000 · Jul 2026July 2026 | 45,000 /yr | |
| 110 | 1-bed | 1,117 sqft | AED 972KAED 972,154 · Aug 2015August 2015 | 58,500 /yr | |
| 111 | 1-bed | 1,117 sqft | AED 795KAED 795,000 · May 2024May 2024 | 37,000 /yr | |
| 112 | Studio | 484 sqft | AED 345KAED 345,000 · Jun 2023June 2023 | 32,000 /yr | |
| 113 | 1-bed | 782 sqft | AED 620KAED 620,000 · Feb 2024February 2024 | 60,000 /yr | |
| 114 | 1-bed | 862 sqft | AED 851KAED 850,779 · Apr 2015April 2015 | 62,000 /yr | |
| 115 | 1-bed | 769 sqft | AED 812KAED 811,625 · Aug 2015August 2015 | ||
| 116 | Studio | 574 sqft | AED 505KAED 505,000 · Oct 2026October 2026 | 48,000 /yr | |
| 117 | 2-bed | 1,535 sqft | AED 1.15MAED 1,150,000 · Nov 2023November 2023 | 80,000 /yr | |
| 119 | Studio | 450 sqft | AED 500KAED 499,999 · May 2024May 2024 | 35,200 /yr | |
| 120 | 1-bed | 763 sqft | AED 762KAED 762,254 · Aug 2015August 2015 | 50,600 /yr |
118, Glitz Residence 1 in numbers
- Sold once: by Danube Properties Development on 10 August 2015 for AED 1,208,143, or AED 911 per sqft.
- Rented since March 2019 on 8 Ejari contracts. The rent fell from AED 73,000 to AED 54,000 in 2022 and recovered to AED 80,000 by March 2025.
- At AED 80,000 a year the gross yield on the 2015 price is 6.6%, before a service charge of about AED 22,500 a year (AED 16.96 per sqft).
- Two-beds in Glitz Residence 1 sold for AED 1,070,000–1,070,000 in the 12 months to November 2026; the building's median across all types is AED 990 per sqft.
Source: Dubai Land Department. Updated 10 March 2025.
Questions about 118, Glitz Residence 1
What did unit 118 last sell for?
AED 1,208,143 on 10 August 2015, sold by the developer: AED 911 per sqft for 1,326 sqft. It is the only registered sale of the unit.
What is the rent for unit 118?
AED 80,000 a year on the contract renewed on 10 March 2025. The previous contract, from March 2025, was AED 80,000; the unit has been rented since March 2019.
How big is unit 118?
1,326 sqft (123.2 sqm): a two-bedroom apartment on the 1st floor of a 8-storey tower completed in 2017.
What is unit 118 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Glitz Residence 1 sold for AED 1,070,000 to 1,070,000 in the last 12 months, around AED 910 per sqft.
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Mortgage on 118, Glitz Residence 1
Starts from the last sale price (AED 1.21M, 10 August 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,208,143
- Deposit, UAE resident (20%)
- AED 241,629
- Deposit, non-resident (40%)
- AED 483,257
- Monthly over 25 years at 3.7%
- AED 4,943
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →