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Studio · 490 sqftGlitz Residence 1, Dubai Studio City · 5th floor · completed 2017

505, Glitz Residence 1

Sold prices and rental history: sold 3 times, last in September 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 2 September 2021
Last soldAED 390K2 September 2021
Current rentAED 38K /yr10 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Glitz Residence 1

What is 505 worth today?

Last sold for AED 390,000 in 2021

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2 Sep 2021SoldReady
AED 390,000AED 795 per sqft
10 Feb 2020RentedNew contract
AED 38,000/yr12 months · AED 77 per sqft
10 Feb 2019RentedRenewal
AED 38,000/yr12 months · AED 77 per sqft
10 Feb 2018RentedNew contract
AED 45,000/yr12 months · AED 91 per sqft
28 Jun 2016SoldOff-plan
AED 508,191AED 1,036 per sqft
16 Aug 2015Sold by developerOff-plan
AED 508,191AED 1,036 per sqft

Source: Dubai Land Department. Updated 2 September 2021.

Key facts

Type
Studio apartment
Size
490 sqft
Floor
5th of 8
Parking
B-55
Developer
Danube Properties Development
Completed
2017
Service charge
AED 8,300 /yr
Last sold
AED 390K · September 2021
Building
Glitz Residence 1

About 505, Glitz Residence 1

505 is a studio of 490 sqft on the 5th floor of Glitz Residence 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 2 September 2021 for AED 390,000, or AED 795 per sqft.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 10 February 2020, is AED 38,000 a year: a gross yield of 9.7% on the 2021 price, before the service charge of about AED 8,300 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical studio in Glitz Residence 1
400K500K20152018202120242027Typical sale price by year: 2015 AED 492,302; 2023 AED 370,000; 2025 AED 485,000; 2026 AED 490,000Sold by developer, August 2015: AED 508,191 (AED 1,036 per sqft)Sold, June 2016: AED 508,191 (AED 1,036 per sqft)Sold, September 2021: AED 390,000 (AED 795 per sqft)

505 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 505, each contractTypical studio in Glitz Residence 1
30K40K2017202020232026Typical rent by year: 2017 AED 45,000; 2018 AED 42,000; 2019 AED 36,000; 2020 AED 28,000; 2021 AED 26,000; 2022 AED 30,000; 2023 AED 32,500; 2024 AED 36,750; 2025 AED 43,250; 2026 AED 43,250New contract, February 2018: AED 45,000 a yearRenewal, February 2019: AED 38,000 a yearNew contract, February 2020: AED 38,000 a year

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

Studios in Glitz Residence 1, and where 505 sits

All 34 studios →

Over the last 12 months studios sold for AED 440,000 to 505,000, around AED 983 per sqft, and rent for AED 36,660 to 50,000 a year. 505's AED 38,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Oct 2026505,000
21 Sep 2026485,000
9 Jul 2026490,000
15 May 2026495,000
6 studio 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 5th floor

All 146 units in Glitz Residence 1
Value
5011-bedAED 480K · Aug 2022
502StudioAED 360K · Feb 2023
5032-bedAED 1.07M · Jun 2015
5042-bedAED 1.09M · Aug 2015
5061-bedAED 652K · Feb 2025
5071-bedAED 430K · Oct 2020
5081-bedAED 748K · Apr 2015
1–7 of 17

505, Glitz Residence 1 in numbers

  • Sold 3 times: first on 16 August 2015 for AED 508,191, last on 2 September 2021 for AED 390,000 (AED 795 per sqft).
  • Rented since February 2018 on 3 Ejari contracts, from AED 45,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2021 price is 9.7%, before a service charge of about AED 8,300 a year (AED 16.96 per sqft).
  • Studios in Glitz Residence 1 sold for AED 440,000–505,000 in the 12 months to November 2026; the building's median across all types is AED 990 per sqft.

Source: Dubai Land Department. Updated 2 September 2021.

Questions about 505, Glitz Residence 1

What did unit 505 last sell for?

AED 390,000 on 2 September 2021: AED 795 per sqft for 490 sqft. The unit has 3 registered sales; the first was AED 508,191 in August 2015.

What is the rent for unit 505?

AED 38,000 a year on the contract signed on 10 February 2020. The previous contract, from February 2019, was AED 38,000; the unit has been rented since February 2018.

How big is unit 505?

490 sqft (45.5 sqm): a studio on the 5th floor of a 8-storey tower completed in 2017.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Glitz Residence 1 sold for AED 440,000 to 505,000 in the last 12 months, around AED 983 per sqft.

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Mortgage on 505, Glitz Residence 1

Starts from the last sale price (AED 390K, 2 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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