705, Glitz Residence 1
Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 705, Glitz Residence 1
What is 705 worth today?
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Source: Dubai Land Department. Updated 1 February 2022.
Key facts
- Type
- Studio apartment
- Size
- 490 sqft
- Floor
- 7th of 8
- Parking
- B-40
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 8,300 /yr
- Last sold
- AED 518K · August 2015
- Building
- Glitz Residence 1
About 705, Glitz Residence 1
705 is a studio of 490 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 3 August 2015 for AED 518,084, or AED 1,056 per sqft, in line with the AED 1,041 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 1 February 2022, is AED 27,000 a year: a gross yield of 5.2% on the 2015 price, before the service charge of about AED 8,300 a year.
Sales and rents for 705 over time
705 has sold once; the dashed line is the studio median of each year in the building.
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 705 sits
All 34 studios →705 last sold in August 2015 at AED 1,056 per sqft, in line with what studios in Glitz Residence 1 were fetching at the time (AED 1,041). 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. 705's AED 27,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 574 sqft | 505,000 | 879 | ||
| 21 Sep 202621 September 2026 | 490 sqft | 485,000 | 990 | ||
| 9 Jul 20269 July 2026 | 484 sqft | 490,000 | 1,011 | ||
| 15 May 202615 May 2026 | 490 sqft | 495,000 | 1,010 |
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 | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 786 sqft | AED 791KAED 791,178 · Apr 2015April 2015 | 38,000 /yr | |
| 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 | |
| 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 |
705, Glitz Residence 1 in numbers
- Sold once: by Danube Properties Development on 3 August 2015 for AED 518,084, or AED 1,056 per sqft.
- Rented since January 2018 on 6 Ejari contracts. The rent fell from AED 45,000 to AED 24,000 in 2021 and recovered to AED 27,000 by February 2022.
- At AED 27,000 a year the gross yield on the 2015 price is 5.2%, before a service charge of about AED 8,300 a year (AED 16.96 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 1 February 2022.
Questions about 705, Glitz Residence 1
What did unit 705 last sell for?
AED 518,084 on 3 August 2015, sold by the developer: AED 1,056 per sqft for 490 sqft. It is the only registered sale of the unit.
What is the rent for unit 705?
AED 27,000 a year on the contract signed on 1 February 2022. The previous contract, from January 2021, was AED 24,000; the unit has been rented since January 2018.
How big is unit 705?
490 sqft (45.5 sqm): a studio on the 7th floor of a 8-storey tower completed in 2017.
What is unit 705 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 705, Glitz Residence 1
Starts from the last sale price (AED 518K, 3 August 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 518,084
- Deposit, UAE resident (20%)
- AED 103,617
- Deposit, non-resident (40%)
- AED 207,234
- Monthly over 25 years at 3.7%
- AED 2,120
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →