Studio · 465 sqftGlitz Residence 1, Dubai Studio City · 7th floor · completed 2017

702, Glitz Residence 1

Sold prices and rental history: sold once, by the developer in August 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 16 August 2015
Last soldAED 490K16 August 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Glitz Residence 1

What is 702 worth today?

Last sold for AED 489,956 in 2015

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16 Aug 2015Sold by developerOff-plan
AED 489,956AED 1,053 per sqft

Source: Dubai Land Department. Updated 16 August 2015.

Key facts

Type
Studio apartment
Size
465 sqft
Floor
7th of 8
Parking
B-51
Developer
Danube Properties Development
Completed
2017
Service charge
AED 7,900 /yr
Last sold
AED 490K · August 2015

About 702, Glitz Residence 1

702 is a studio of 465 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 16 August 2015 for AED 489,956, or AED 1,053 per sqft, in line with the AED 1,042 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 702 over time

Sales
Unit 702, 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 489,956 (AED 1,053 per sqft)

702 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 702, 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 43,250

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 702 sits

All 34 studios →

702 last sold in August 2015 at AED 1,053 per sqft, in line with what studios in Glitz Residence 1 were fetching at the time (AED 1,042). 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.

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 7th floor

All 146 units in Glitz Residence 1
Value
7011-bedAED 791K · Apr 2015
7032-bedAED 1.08M · Aug 2015
7042-bedAED 1.15M · Mar 2025
705StudioAED 518K · Aug 2015
7061-bedAED 755K · Jun 2015
7071-bedAED 816K · Aug 2015
7081-bedAED 750K · Jun 2015
1–7 of 17

702, Glitz Residence 1 in numbers

  • Sold once: by Danube Properties Development on 16 August 2015 for AED 489,956, or AED 1,053 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 16 August 2015.

Questions about 702, Glitz Residence 1

What did unit 702 last sell for?

AED 489,956 on 16 August 2015, sold by the developer: AED 1,053 per sqft for 465 sqft. It is the only registered sale of the unit.

How big is unit 702?

465 sqft (43.2 sqm): a studio on the 7th floor of a 8-storey tower completed in 2017.

What is unit 702 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 702, Glitz Residence 1

Starts from the last sale price (AED 490K, 16 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 489,956
Deposit, UAE resident (20%)
AED 97,991
Deposit, non-resident (40%)
AED 195,982
Monthly over 25 years at 3.7%
AED 2,005

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