816, Glitz Residence 1
Sold prices and rental history: sold once, by the developer in June 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 816, Glitz Residence 1
What is 816 worth today?
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Source: Dubai Land Department. Updated 15 December 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,175 sqft
- Floor
- 8th of 8
- Parking
- B-93, B-94
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 19,900 /yr
- Last sold
- AED 1.08M · June 2015
- Building
- Glitz Residence 1
About 816, Glitz Residence 1
816 is a two-bedroom apartment of 1,175 sqft on the 8th 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 7 June 2015 for AED 1,083,081, or AED 921 per sqft, in line with the AED 910 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 15 December 2023, is AED 90,000 a year: a gross yield of 8.3% on the 2015 price, before the service charge of about AED 19,900 a year.
Sales and rents for 816 over time
816 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 816 sits
All 32 2-beds →816 last sold in June 2015 at AED 921 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. 816's AED 90,000 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 8th floor
All 146 units in Glitz Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 801 | 1-bed | 786 sqft | AED 795KAED 795,118 · Feb 2015February 2015 | 52,000 /yr | |
| 802 | Studio | 465 sqft | AED 492KAED 492,302 · Aug 2015August 2015 | 31,762 /yr | |
| 803 | 2-bed | 1,200 sqft | AED 1.05MAED 1,050,000 · Mar 2025March 2025 | 75,000 /yr | |
| 804 | 2-bed | 1,196 sqft | AED 865KAED 865,000 · Mar 2023March 2023 | 60,000 /yr | |
| 805 | Studio | 490 sqft | AED 521KAED 520,530 · Jun 2015June 2015 | 37,000 /yr | |
| 806 | 1-bed | 672 sqft | AED 650KAED 650,000 · Dec 2024December 2024 | 55,000 /yr | |
| 807 | 1-bed | 739 sqft | AED 819KAED 819,368 · Mar 2017March 2017 | 57,000 /yr | |
| 808 | 1-bed | 674 sqft | AED 758KAED 758,435 · Aug 2015August 2015 | 60,000 /yr | |
| 809 | 3-bed | 1,647 sqft | AED 1.35MAED 1,350,000 · Jun 2024June 2024 | 73,000 /yr | |
| 810 | 3-bed | 1,647 sqft | AED 1.5MAED 1,500,050 · Aug 2015August 2015 | 104,420 /yr | |
| 811 | 1-bed | 675 sqft | AED 770KAED 770,000 · Mar 2026March 2026 | 41,910 /yr | |
| 812 | 1-bed | 739 sqft | AED 819KAED 819,368 · Jun 2015June 2015 | 34,000 /yr | |
| 813 | 1-bed | 674 sqft | AED 758KAED 758,435 · Apr 2015April 2015 | 35,000 /yr | |
| 814 | Studio | 490 sqft | AED 521KAED 520,530 · Aug 2015August 2015 | 41,475 /yr | |
| 815 | 2-bed | 1,197 sqft | AED 1.05MAED 1,050,000 · Apr 2025April 2025 | 85,000 /yr | |
| 817 | Studio | 451 sqft | AED 440KAED 440,000 · Nov 2025November 2025 | 46,000 /yr | |
| 818 | 1-bed | 762 sqft | AED 475KAED 475,000 · Aug 2022August 2022 | 30,000 /yr |
816, Glitz Residence 1 in numbers
- Sold once: by Danube Properties Development on 7 June 2015 for AED 1,083,081, or AED 921 per sqft.
- Rented since November 2018 on 4 Ejari contracts. The rent fell from AED 75,000 to AED 55,000 in 2020 and recovered to AED 90,000 by December 2023.
- At AED 90,000 a year the gross yield on the 2015 price is 8.3%, before a service charge of about AED 19,900 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 15 December 2023.
Questions about 816, Glitz Residence 1
What did unit 816 last sell for?
AED 1,083,081 on 7 June 2015, sold by the developer: AED 921 per sqft for 1,175 sqft. It is the only registered sale of the unit.
What is the rent for unit 816?
AED 90,000 a year on the contract signed on 15 December 2023. The previous contract, from November 2020, was AED 55,000; the unit has been rented since November 2018.
How big is unit 816?
1,175 sqft (109.2 sqm): a two-bedroom apartment on the 8th floor of a 8-storey tower completed in 2017.
What is unit 816 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 816, Glitz Residence 1
Starts from the last sale price (AED 1.08M, 7 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,083,081
- Deposit, UAE resident (20%)
- AED 216,616
- Deposit, non-resident (40%)
- AED 433,232
- Monthly over 25 years at 3.7%
- AED 4,431
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →