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1-bed · 786 sqftGlitz Residence 1, Dubai Studio City · 3rd floor · completed 2017

301, Glitz Residence 1

Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 18 December 2024
Last soldAED 475K7 February 2023
Current rentAED 62K /yr18 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 301, Glitz Residence 1

What is 301 worth today?

Last sold for AED 475,000 in 2023

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18 Dec 2024RentedNew contract
AED 62,000/yr12 months · AED 79 per sqft
7 Oct 2023RentedNew contract
AED 47,250/yr12 months · AED 60 per sqft
7 Feb 2023SoldReady
AED 475,000AED 604 per sqft
7 Sep 2022RentedNew contract
AED 45,000/yr12 months · AED 57 per sqft
15 Nov 2020RentedNew contract
AED 33,000/yr12 months · AED 42 per sqft
18 Mar 2019RentedRenewal
AED 52,615/yr13 months · AED 67 per sqft
5 Nov 2015Sold by developerOff-plan
AED 775,417AED 986 per sqft

Source: Dubai Land Department. Updated 18 December 2024.

Key facts

Type
1-bed apartment
Size
786 sqft
Floor
3rd of 8
Parking
G-30
Developer
Danube Properties Development
Completed
2017
Service charge
AED 13,300 /yr
Last sold
AED 475K · February 2023
Building
Glitz Residence 1

About 301, Glitz Residence 1

301 is a one-bedroom apartment of 786 sqft on the 3rd floor of Glitz Residence 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 7 February 2023 for AED 475,000, or AED 604 per sqft, in line with the AED 604 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 18 December 2024, is AED 62,000 a year: a gross yield of 13.1% on the 2023 price, before the service charge of about AED 13,300 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical one-bed in Glitz Residence 1
400K600K800K20152018202120242027Typical sale price by year: 2015 AED 775,417; 2017 AED 771,477; 2019 AED 555,000; 2020 AED 430,000; 2022 AED 462,500; 2023 AED 512,500; 2024 AED 640,000; 2025 AED 725,000; 2026 AED 755,000Sold by developer, November 2015: AED 775,417 (AED 986 per sqft)Sold, February 2023: AED 475,000 (AED 604 per sqft)

301 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 301, each contractTypical one-bed in Glitz Residence 1
40K60K2017202020232026Typical rent by year: 2017 AED 60,000; 2018 AED 55,000; 2019 AED 48,000; 2020 AED 42,000; 2021 AED 35,000; 2022 AED 39,000; 2023 AED 46,000; 2024 AED 56,750; 2025 AED 59,920; 2026 AED 58,750Renewal, March 2019: AED 52,615 a yearNew contract, November 2020: AED 33,000 a yearNew contract, September 2022: AED 45,000 a yearNew contract, October 2023: AED 47,250 a yearNew contract, December 2024: AED 62,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Glitz Residence 1, and where 301 sits

All 66 1-beds →

301 last sold in February 2023 at AED 604 per sqft, in line with what one-beds in Glitz Residence 1 were fetching at the time (AED 604). Over the last 12 months one-beds sold for AED 665,000 to 770,000, around AED 1,055 per sqft, and rent for AED 49,462 to 72,000 a year. 301's AED 62,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jun 2026750,000
1 Jun 2026665,000
17 Mar 2026770,000
6 Jan 2026760,000
4 1-bed sales in the last 12 months

Glitz Residence 1

Building

146 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%
Glitz Residence 1, Dubai Studio City: prices, sales and rents →

Other units on the 3rd floor

All 146 units in Glitz Residence 1
Value
302StudioAED 380K · Jul 2023
3032-bedAED 1.07M · Aug 2015
3042-bedAED 1.09M · Jun 2015
305StudioAED 508K · Apr 2015
3061-bedAED 500K · Jul 2023
3071-bedAED 801K · Aug 2015
3081-bedAED 742K · Aug 2015
1–7 of 17

301, Glitz Residence 1 in numbers

  • Sold twice: first on 5 November 2015 for AED 775,417, last on 7 February 2023 for AED 475,000 (AED 604 per sqft).
  • Rented since March 2019 on 5 Ejari contracts. The rent fell from AED 52,615 to AED 33,000 in 2020 and recovered to AED 62,000 by December 2024.
  • At AED 62,000 a year the gross yield on the 2023 price is 13.1%, before a service charge of about AED 13,300 a year (AED 16.96 per sqft).
  • One-beds in Glitz Residence 1 sold for AED 665,000–770,000 in the 12 months to November 2026; the building's median across all types is AED 990 per sqft.

Source: Dubai Land Department. Updated 18 December 2024.

Questions about 301, Glitz Residence 1

What did unit 301 last sell for?

AED 475,000 on 7 February 2023: AED 604 per sqft for 786 sqft. The unit has 2 registered sales; the first was AED 775,417 in November 2015.

What is the rent for unit 301?

AED 62,000 a year on the contract signed on 18 December 2024. The previous contract, from October 2023, was AED 47,250; the unit has been rented since March 2019.

How big is unit 301?

786 sqft (73.0 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2017.

What is unit 301 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Glitz Residence 1 sold for AED 665,000 to 770,000 in the last 12 months, around AED 1,055 per sqft.

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Mortgage on 301, Glitz Residence 1

Starts from the last sale price (AED 475K, 7 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 475,000
Deposit, UAE resident (20%)
AED 95,000
Deposit, non-resident (40%)
AED 190,000
Monthly over 25 years at 3.7%
AED 1,943

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →