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1-bed · 672 sqftGlitz Residence 1, Dubai Studio City · 3rd floor · completed 2017

306, Glitz Residence 1

Sold prices and rental history: sold 4 times, last in July 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 24 July 2023
Last soldAED 500K24 July 2023
Current rentAED 40K /yr29 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 306, Glitz Residence 1

What is 306 worth today?

Last sold for AED 500,000 in 2023

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24 Jul 2023SoldReady
AED 500,000AED 743 per sqft
29 Oct 2022RentedNew contract
AED 39,893/yr12 months · AED 59 per sqft
7 Oct 2020RentedNew contract
AED 35,878/yr13 months · AED 53 per sqft
30 Sep 2020SoldReady
AED 430,000AED 639 per sqft
10 Mar 2020RentedNew contract
AED 40,000/yr12 months · AED 60 per sqft
9 Oct 2019SoldReady
AED 640,000AED 952 per sqft
17 Feb 2019Sold by developerReady
AED 675,000AED 1,004 per sqft

Source: Dubai Land Department. Updated 24 July 2023.

Key facts

Type
1-bed apartment
Size
672 sqft
Floor
3rd of 8
Parking
G-31
Developer
Danube Properties Development
Completed
2017
Service charge
AED 11,400 /yr
Last sold
AED 500K · July 2023
Building
Glitz Residence 1

About 306, Glitz Residence 1

306 is a one-bedroom apartment of 672 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 24 July 2023 for AED 500,000, or AED 743 per sqft, 20% above the AED 617 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 29 October 2022, is AED 39,893 a year: a gross yield of 8.0% on the 2023 price, before the service charge of about AED 11,400 a year.

Sales and rents for 306 over time

Sales
Unit 306, 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, February 2019: AED 675,000 (AED 1,004 per sqft)Sold, October 2019: AED 640,000 (AED 952 per sqft)Sold, September 2020: AED 430,000 (AED 639 per sqft)Sold, July 2023: AED 500,000 (AED 743 per sqft)

306 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 306, 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 58,750New contract, March 2020: AED 40,000 a yearNew contract, October 2020: AED 35,878 a yearNew contract, October 2022: AED 39,893 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 306 sits

All 66 1-beds →

306 last sold in July 2023 at AED 743 per sqft, 20% above what one-beds in Glitz Residence 1 were fetching at the time (AED 617). 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. 306's AED 39,893 is at the bottom 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
3011-bedAED 475K · Feb 2023
302StudioAED 380K · Jul 2023
3032-bedAED 1.07M · Aug 2015
3042-bedAED 1.09M · Jun 2015
305StudioAED 508K · Apr 2015
3071-bedAED 801K · Aug 2015
3081-bedAED 742K · Aug 2015
1–7 of 17

306, Glitz Residence 1 in numbers

  • Sold 4 times: first on 17 February 2019 for AED 675,000, last on 24 July 2023 for AED 500,000 (AED 743 per sqft).
  • Rented since March 2020 on 3 Ejari contracts. The rent fell from AED 40,000 to AED 35,878 in 2020 and recovered to AED 39,893 by October 2022.
  • At AED 39,893 a year the gross yield on the 2023 price is 8.0%, before a service charge of about AED 11,400 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 24 July 2023.

Questions about 306, Glitz Residence 1

What did unit 306 last sell for?

AED 500,000 on 24 July 2023: AED 743 per sqft for 672 sqft. The unit has 4 registered sales; the first was AED 675,000 in February 2019.

What is the rent for unit 306?

AED 39,893 a year on the contract signed on 29 October 2022. The previous contract, from October 2020, was AED 35,878; the unit has been rented since March 2020.

How big is unit 306?

672 sqft (62.4 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2017.

What is unit 306 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 306, Glitz Residence 1

Starts from the last sale price (AED 500K, 24 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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