508, Glitz Residence 1
Sold prices and rental history: sold once, by the developer in April 2015, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Glitz Residence 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 2 November 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 674 sqft
- Floor
- 5th of 8
- Parking
- B-57
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 11,400 /yr
- Last sold
- AED 748K · April 2015
- Building
- Glitz Residence 1
About 508, Glitz Residence 1
508 is a one-bedroom apartment of 674 sqft on the 5th 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 21 April 2015 for AED 748,358, or AED 1,109 per sqft, in line with the AED 1,083 one-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 2 November 2025, is AED 60,000 a year: a gross yield of 8.0% on the 2015 price, before the service charge of about AED 11,400 a year.
Sales and rents for 508 over time
508 has sold once; the dashed line is the one-bed median of each year in the building.
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 508 sits
All 66 1-beds →508 last sold in April 2015 at AED 1,109 per sqft, in line with what one-beds in Glitz Residence 1 were fetching at the time (AED 1,083). 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. 508's AED 60,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jun 202623 June 2026 | 674 sqft | 750,000 | 1,112 | ||
| 1 Jun 20261 June 2026 | 675 sqft | 665,000 | 985 | ||
| 17 Mar 202617 March 2026 | 675 sqft | 770,000 | 1,140 | ||
| 6 Jan 20266 January 2026 | 762 sqft | 760,000 | 997 |
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 5th floor
All 146 units in Glitz Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 786 sqft | AED 480KAED 480,000 · Aug 2022August 2022 | 72,000 /yr | |
| 502 | Studio | 465 sqft | AED 360KAED 360,000 · Feb 2023February 2023 | 43,500 /yr | |
| 503 | 2-bed | 1,200 sqft | AED 1.07MAED 1,074,120 · Jun 2015June 2015 | 85,470 /yr | |
| 504 | 2-bed | 1,196 sqft | AED 1.09MAED 1,091,550 · Aug 2015August 2015 | 69,300 /yr | |
| 505 | Studio | 490 sqft | AED 390KAED 390,000 · Sep 2021September 2021 | 38,000 /yr | |
| 506 | 1-bed | 672 sqft | AED 652KAED 652,000 · Feb 2025February 2025 | 44,000 /yr | |
| 507 | 1-bed | 739 sqft | AED 430KAED 430,000 · Oct 2020October 2020 | 55,000 /yr | |
| 509 | 3-bed | 1,647 sqft | AED 1.49MAED 1,487,708 · Aug 2015August 2015 | 114,000 /yr | |
| 510 | 3-bed | 1,647 sqft | AED 1.49MAED 1,487,708 · Aug 2015August 2015 | ||
| 511 | 1-bed | 675 sqft | AED 400KAED 400,000 · Aug 2021August 2021 | 60,000 /yr | |
| 512 | 1-bed | 739 sqft | AED 808KAED 808,285 · Aug 2015August 2015 | 41,000 /yr | |
| 513 | 1-bed | 674 sqft | AED 748KAED 748,358 · Aug 2015August 2015 | 50,715 /yr | |
| 514 | Studio | 490 sqft | AED 495KAED 495,000 · May 2026May 2026 | 49,000 /yr | |
| 515 | 2-bed | 599 sqft | AED 1.09MAED 1,091,550 · Jul 2015July 2015 | 71,400 /yr | |
| 516 | 2-bed | 1,175 sqft | AED 537KAED 537,060 · Apr 2018April 2018 | ||
| 517 | Studio | 451 sqft | AED 510KAED 510,000 · May 2017May 2017 | 47,000 /yr | |
| 518 | 1-bed | 762 sqft | AED 760KAED 760,000 · Jan 2026January 2026 | 73,000 /yr |
508, Glitz Residence 1 in numbers
- Sold once: by Danube Properties Development on 21 April 2015 for AED 748,358, or AED 1,109 per sqft.
- Rented since March 2023 on 4 Ejari contracts, from AED 44,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2015 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 2 November 2025.
Questions about 508, Glitz Residence 1
What did unit 508 last sell for?
AED 748,358 on 21 April 2015, sold by the developer: AED 1,109 per sqft for 674 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 60,000 a year on the contract signed on 2 November 2025. The previous contract, from October 2024, was AED 60,000; the unit has been rented since March 2023.
How big is unit 508?
674 sqft (62.6 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.
What is unit 508 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 508, Glitz Residence 1
Starts from the last sale price (AED 748K, 21 April 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 748,358
- Deposit, UAE resident (20%)
- AED 149,672
- Deposit, non-resident (40%)
- AED 299,343
- Monthly over 25 years at 3.7%
- AED 3,062
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →