701, Glitz Residence 1
Sold prices and rental history: sold once, by the developer in April 2015, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Glitz Residence 1
What is 701 worth today?
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Source: Dubai Land Department. Updated 15 March 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 786 sqft
- Floor
- 7th of 8
- Parking
- B-62
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 13,300 /yr
- Last sold
- AED 791K · April 2015
- Building
- Glitz Residence 1
About 701, Glitz Residence 1
701 is a one-bedroom apartment of 786 sqft on the 7th 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 791,178, or AED 1,006 per sqft, 7% below the AED 1,083 one-beds in the building were fetching at the time.
It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 15 March 2022, is AED 38,000 a year: a gross yield of 4.8% on the 2015 price, before the service charge of about AED 13,300 a year.
Sales and rents for 701 over time
701 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 701 sits
All 66 1-beds →701 last sold in April 2015 at AED 1,006 per sqft, 7% below 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. 701's AED 38,000 is at the bottom 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 7th floor
All 146 units in Glitz Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | Studio | 465 sqft | AED 490KAED 489,956 · Aug 2015August 2015 | ||
| 703 | 2-bed | 1,200 sqft | AED 1.08MAED 1,080,094 · Aug 2015August 2015 | 76,650 /yr | |
| 704 | 2-bed | 1,196 sqft | AED 1.15MAED 1,150,000 · Mar 2025March 2025 | 55,000 /yr | |
| 705 | Studio | 490 sqft | AED 518KAED 518,084 · Aug 2015August 2015 | 27,000 /yr | |
| 706 | 1-bed | 672 sqft | AED 755KAED 755,076 · Jun 2015June 2015 | 68,000 /yr | |
| 707 | 1-bed | 739 sqft | AED 816KAED 815,674 · Aug 2015August 2015 | 54,600 /yr | |
| 708 | 1-bed | 674 sqft | AED 750KAED 750,076 · Jun 2015June 2015 | 50,715 /yr | |
| 709 | 3-bed | 1,647 sqft | AED 1.5MAED 1,495,936 · Apr 2015April 2015 | 110,000 /yr | |
| 710 | 3-bed | 1,647 sqft | AED 1.5MAED 1,495,000 · Apr 2015April 2015 | 110,000 /yr | |
| 711 | 1-bed | 675 sqft | AED 665KAED 665,000 · Jun 2026June 2026 | 60,000 /yr | |
| 712 | 1-bed | 739 sqft | AED 500KAED 499,999 · Aug 2022August 2022 | 60,000 /yr | |
| 713 | 1-bed | 674 sqft | AED 750KAED 750,000 · Jun 2026June 2026 | 55,000 /yr | |
| 714 | Studio | 490 sqft | AED 518KAED 518,084 · Aug 2015August 2015 | 41,500 /yr | |
| 715 | 2-bed | 1,197 sqft | AED 1.07MAED 1,074,834 · Aug 2015August 2015 | 71,000 /yr | |
| 716 | 2-bed | 1,175 sqft | AED 1.08MAED 1,080,094 · Feb 2015February 2015 | 66,500 /yr | |
| 717 | Studio | 226 sqft | AED 175KAED 175,000 · Feb 2024February 2024 | 39,600 /yr | |
| 718 | 1-bed | 762 sqft | AED 805KAED 805,000 · Aug 2015August 2015 | 63,000 /yr |
701, Glitz Residence 1 in numbers
- Sold once: by Danube Properties Development on 21 April 2015 for AED 791,178, or AED 1,006 per sqft.
- Rented since December 2017 on 3 Ejari contracts, from AED 60,000 to AED 38,000 a year.
- At AED 38,000 a year the gross yield on the 2015 price is 4.8%, before a service charge of about AED 13,300 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 15 March 2022.
Questions about 701, Glitz Residence 1
What did unit 701 last sell for?
AED 791,178 on 21 April 2015, sold by the developer: AED 1,006 per sqft for 786 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 38,000 a year on the contract signed on 15 March 2022. The previous contract, from February 2019, was AED 50,000; the unit has been rented since December 2017.
How big is unit 701?
786 sqft (73.0 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2017.
What is unit 701 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 701, Glitz Residence 1
Starts from the last sale price (AED 791K, 21 April 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 791,178
- Deposit, UAE resident (20%)
- AED 158,236
- Deposit, non-resident (40%)
- AED 316,471
- Monthly over 25 years at 3.7%
- AED 3,237
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →