316, Glitz Residence 1
Sold prices and rental history: sold twice, last in December 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 316, Glitz Residence 1
What is 316 worth today?
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Source: Dubai Land Department. Updated 18 December 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,175 sqft
- Floor
- 3rd of 8
- Parking
- B-133, B-134
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 19,900 /yr
- Last sold
- AED 900K · December 2023
- Building
- Glitz Residence 1
About 316, Glitz Residence 1
316 is a two-bedroom apartment of 1,175 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 18 December 2023 for AED 900,000, or AED 766 per sqft, in line with the AED 749 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 25 August 2023, is AED 75,000 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 19,900 a year.
Sales and rents for 316 over time
316 has sold twice; 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 316 sits
All 32 2-beds →316 last sold in December 2023 at AED 766 per sqft, in line with what two-beds in Glitz Residence 1 were fetching at the time (AED 749). 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. 316's AED 75,000 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 3rd floor
All 146 units in Glitz Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 786 sqft | AED 475KAED 475,000 · Feb 2023February 2023 | 62,000 /yr | |
| 302 | Studio | 465 sqft | AED 380KAED 380,000 · Jul 2023July 2023 | 41,000 /yr | |
| 303 | 2-bed | 1,200 sqft | AED 1.07MAED 1,068,146 · Aug 2015August 2015 | 81,000 /yr | |
| 304 | 2-bed | 1,196 sqft | AED 1.09MAED 1,085,579 · Jun 2015June 2015 | 113,000 /yr | |
| 305 | Studio | 490 sqft | AED 508KAED 508,299 · Apr 2015April 2015 | 38,587 /yr | |
| 306 | 1-bed | 672 sqft | AED 500KAED 500,000 · Jul 2023July 2023 | 39,893 /yr | |
| 307 | 1-bed | 739 sqft | AED 801KAED 800,897 · Aug 2015August 2015 | 60,000 /yr | |
| 308 | 1-bed | 674 sqft | AED 742KAED 741,640 · Aug 2015August 2015 | 60,000 /yr | |
| 309 | 3-bed | 1,647 sqft | AED 850KAED 850,000 · Feb 2021February 2021 | 122,000 /yr | |
| 310 | 3-bed | 1,647 sqft | AED 1.48MAED 1,479,479 · Aug 2015August 2015 | 125,000 /yr | |
| 311 | 1-bed | 675 sqft | AED 742KAED 741,640 · Aug 2015August 2015 | 60,000 /yr | |
| 312 | 1-bed | 739 sqft | AED 801KAED 800,897 · Feb 2015February 2015 | 37,000 /yr | |
| 313 | 1-bed | 674 sqft | AED 680KAED 680,000 · Feb 2025February 2025 | 50,820 /yr | |
| 314 | Studio | 490 sqft | AED 508KAED 508,299 · Aug 2015August 2015 | 41,000 /yr | |
| 315 | 2-bed | 1,197 sqft | AED 1.09MAED 1,085,579 · Jun 2015June 2015 | 80,000 /yr | |
| 317 | Studio | 451 sqft | AED 342KAED 342,000 · Nov 2021November 2021 | 43,000 /yr | |
| 318 | 1-bed | 762 sqft | AED 775KAED 775,417 · May 2015May 2015 | 54,300 /yr |
316, Glitz Residence 1 in numbers
- Sold twice: first on 20 December 2018 for AED 1,140,000, last on 18 December 2023 for AED 900,000 (AED 766 per sqft).
- Rented since July 2022 on 2 Ejari contracts, from AED 60,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2023 price is 8.3%, before a service charge of about AED 19,900 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 18 December 2023.
Questions about 316, Glitz Residence 1
What did unit 316 last sell for?
AED 900,000 on 18 December 2023: AED 766 per sqft for 1,175 sqft. The unit has 2 registered sales; the first was AED 1,140,000 in December 2018.
What is the rent for unit 316?
AED 75,000 a year on the contract signed on 25 August 2023. The previous contract, from July 2022, was AED 60,000.
How big is unit 316?
1,175 sqft (109.2 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2017.
What is unit 316 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 316, Glitz Residence 1
Starts from the last sale price (AED 900K, 18 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 900,000
- Deposit, UAE resident (20%)
- AED 180,000
- Deposit, non-resident (40%)
- AED 360,000
- Monthly over 25 years at 3.7%
- AED 3,682
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →