2-bed · 1,196 sqftGlitz Residence 1, Dubai Studio City · 7th floor · completed 2017

704, Glitz Residence 1

Sold prices and rental history: sold twice, last in March 2025, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 3 March 2025
Last soldAED 1.15M3 March 2025
Current rentAED 55K /yr10 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Glitz Residence 1

What is 704 worth today?

Last sold for AED 1,150,000 in 2025

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3 Mar 2025SoldReady
AED 1,150,000AED 961 per sqft
10 Apr 2023RentedRenewal
AED 55,000/yr12 months · AED 46 per sqft
10 Apr 2022RentedRenewal
AED 50,000/yr12 months · AED 42 per sqft
10 Apr 2021RentedNew contract
AED 46,000/yr12 months · AED 39 per sqft
10 May 2020RentedNew contract
AED 50,000/yr12 months · AED 42 per sqft
1 Dec 2017RentedNew contract
AED 80,000/yr12 months · AED 67 per sqft
3 Aug 2015Sold by developerOff-plan
AED 1,097,521AED 918 per sqft

Source: Dubai Land Department. Updated 3 March 2025.

Key facts

Type
2-bed apartment
Size
1,196 sqft
Floor
7th of 8
Parking
B-115, B-116
Developer
Danube Properties Development
Completed
2017
Service charge
AED 20,300 /yr
Last sold
AED 1.15M · March 2025

About 704, Glitz Residence 1

704 is a two-bedroom apartment of 1,196 sqft on the 7th floor of Glitz Residence 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 3 March 2025 for AED 1,150,000, or AED 961 per sqft, 19% above the AED 808 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 10 April 2023, is AED 55,000 a year: a gross yield of 4.8% on the 2025 price, before the service charge of about AED 20,300 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical two-bed in Glitz Residence 1
1M2015201820212024Typical sale price by year: 2015 AED 1,083,081; 2023 AED 900,000; 2025 AED 1,050,000Sold by developer, August 2015: AED 1,097,521 (AED 918 per sqft)Sold, March 2025: AED 1,150,000 (AED 961 per sqft)

704 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 704, each contractTypical two-bed in Glitz Residence 1
40K60K80K2017202020232026Typical rent by year: 2017 AED 80,000; 2018 AED 80,000; 2019 AED 73,000; 2020 AED 55,000; 2021 AED 52,500; 2022 AED 59,700; 2023 AED 68,125; 2024 AED 75,825; 2025 AED 80,000; 2026 AED 80,000New contract, December 2017: AED 80,000 a yearNew contract, May 2020: AED 50,000 a yearNew contract, April 2021: AED 46,000 a yearRenewal, April 2022: AED 50,000 a yearRenewal, April 2023: AED 55,000 a year

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 704 sits

All 32 2-beds →

704 last sold in March 2025 at AED 961 per sqft, 19% above what two-beds in Glitz Residence 1 were fetching at the time (AED 808). 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. 704's AED 55,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Sep 20261,070,000
8 May 20251,100,000
21 Apr 20251,050,000
15 Apr 20251,050,000
1 2-bed sale 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
702StudioAED 490K · Aug 2015
7032-bedAED 1.08M · Aug 2015
705StudioAED 518K · Aug 2015
7061-bedAED 755K · Jun 2015
7071-bedAED 816K · Aug 2015
7081-bedAED 750K · Jun 2015
1–7 of 17

704, Glitz Residence 1 in numbers

  • Sold twice: first on 3 August 2015 for AED 1,097,521, last on 3 March 2025 for AED 1,150,000 (AED 961 per sqft).
  • Rented since December 2017 on 5 Ejari contracts. The rent fell from AED 80,000 to AED 46,000 in 2021 and recovered to AED 55,000 by April 2023.
  • At AED 55,000 a year the gross yield on the 2025 price is 4.8%, before a service charge of about AED 20,300 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 3 March 2025.

Questions about 704, Glitz Residence 1

What did unit 704 last sell for?

AED 1,150,000 on 3 March 2025: AED 961 per sqft for 1,196 sqft. The unit has 2 registered sales; the first was AED 1,097,521 in August 2015.

What is the rent for unit 704?

AED 55,000 a year on the contract renewed on 10 April 2023. The previous contract, from April 2022, was AED 50,000; the unit has been rented since December 2017.

How big is unit 704?

1,196 sqft (111.1 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2017.

What is unit 704 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 704, Glitz Residence 1

Starts from the last sale price (AED 1.15M, 3 March 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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