515, Glitz Residence 1
Sold prices and rental history: sold once, by the developer in July 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Glitz Residence 1
What is 515 worth today?
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Source: Dubai Land Department. Updated 1 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 599 sqft
- Floor
- 5th of 8
- Parking
- B-87, B-88
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 10,200 /yr
- Last sold
- AED 1.09M · July 2015
- Building
- Glitz Residence 1
About 515, Glitz Residence 1
515 is a two-bedroom apartment of 599 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 29 July 2015 for AED 1,091,550, or AED 911 per sqft, in line with the AED 910 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 10 Ejari contracts. The current contract, renewed on 1 July 2026, is AED 71,400 a year: a gross yield of 6.5% on the 2015 price, before the service charge of about AED 10,200 a year.
Sales and rents for 515 over time
515 has sold once; 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 515 sits
All 32 2-beds →515 last sold in July 2015 at AED 911 per sqft, in line with what two-beds in Glitz Residence 1 were fetching at the time (AED 910). 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. 515's AED 71,400 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 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 | |
| 508 | 1-bed | 674 sqft | AED 748KAED 748,358 · Apr 2015April 2015 | 60,000 /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 | |
| 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 |
515, Glitz Residence 1 in numbers
- Sold once: by Danube Properties Development on 29 July 2015 for AED 1,091,550, or AED 911 per sqft.
- Rented since December 2017 on 10 Ejari contracts. The rent fell from AED 78,000 to AED 50,000 in 2022 and recovered to AED 71,400 by July 2026.
- At AED 71,400 a year the gross yield on the 2015 price is 6.5%, before a service charge of about AED 10,200 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 1 July 2026.
Questions about 515, Glitz Residence 1
What did unit 515 last sell for?
AED 1,091,550 on 29 July 2015, sold by the developer: AED 911 per sqft for 599 sqft. It is the only registered sale of the unit.
What is the rent for unit 515?
AED 71,400 a year on the contract renewed on 1 July 2026. The previous contract, from July 2025, was AED 66,150; the unit has been rented since December 2017.
How big is unit 515?
599 sqft (55.6 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.
What is unit 515 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 515, Glitz Residence 1
Starts from the last sale price (AED 1.09M, 29 July 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,091,550
- Deposit, UAE resident (20%)
- AED 218,310
- Deposit, non-resident (40%)
- AED 436,620
- Monthly over 25 years at 3.7%
- AED 4,466
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →