1-bed · 672 sqftGlitz Residence 2, Dubai Studio City · 7th floor · completed 2017

706, Glitz Residence 2

Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 770K16 August 2015
Current rentAED 60K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Glitz Residence 2

What is 706 worth today?

Last sold for AED 770,000 in 2015

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1 Oct 2026RentedRenewal
AED 60,000/yr12 months · AED 89 per sqft
1 Oct 2025RentedNew contract
AED 60,000/yr12 months · AED 89 per sqft
13 Mar 2023RentedNew contract
AED 43,000/yr12 months · AED 64 per sqft
15 Feb 2021RentedNew contract
AED 30,000/yr12 months · AED 45 per sqft
5 Feb 2019RentedNew contract
AED 46,000/yr12 months · AED 69 per sqft
16 Aug 2015Sold by developerOff-plan
AED 770,000AED 1,145 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
1-bed apartment
Size
672 sqft
Floor
7th of 8
Parking
B-156
Developer
Danube Properties Development
Completed
2017
Service charge
AED 11,100 /yr
Last sold
AED 770K · August 2015

About 706, Glitz Residence 2

706 is a one-bedroom apartment of 672 sqft on the 7th floor of Glitz Residence 2, 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 770,000, or AED 1,145 per sqft, 3% above the AED 1,109 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 October 2026, is AED 60,000 a year: a gross yield of 7.8% on the 2015 price, before the service charge of about AED 11,100 a year.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical one-bed in Glitz Residence 2
400K600K800K2015201820212024Typical sale price by year: 2015 AED 805,000; 2017 AED 760,000; 2018 AED 812,250; 2019 AED 675,000; 2020 AED 475,000; 2021 AED 450,000; 2022 AED 460,000; 2023 AED 585,000; 2024 AED 640,000; 2025 AED 720,000Sold by developer, August 2015: AED 770,000 (AED 1,145 per sqft)

706 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 706, each contractTypical one-bed in Glitz Residence 2
40K60K2018202120242027Typical rent by year: 2018 AED 55,000; 2019 AED 50,000; 2020 AED 41,000; 2021 AED 35,429; 2022 AED 40,000; 2023 AED 44,625; 2024 AED 51,075; 2025 AED 60,000; 2026 AED 60,000New contract, February 2019: AED 46,000 a yearNew contract, February 2021: AED 30,000 a yearNew contract, March 2023: AED 43,000 a yearNew contract, October 2025: AED 60,000 a yearRenewal, October 2026: AED 60,000 a year

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 2, and where 706 sits

All 66 1-beds →

706 last sold in August 2015 at AED 1,145 per sqft, 3% above what one-beds in Glitz Residence 2 were fetching at the time (AED 1,109). Over the last 12 months one-beds sold for AED 790,000, around AED 1,175 per sqft, and rent for AED 50,936 to 72,000 a year. 706's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Aug 2026790,000
6 Nov 2025730,000
1 Sep 2025730,000
7 Aug 2025900,000
1 1-bed sale in the last 12 months

Glitz Residence 2

Building

146 apartments, studios to 3-bed over 8 floors in Dubai Studio City, completed in 2017 by Danube Properties Development. 7 sold in the last 12 months.

Typical price per sqft
AED 1,020
Typical sale
AED 790K
Typical rent
AED 60K /yr
Typical yield
7.9%
Glitz Residence 2, Dubai Studio City: prices, sales and rents →

Other units on the 7th floor

All 146 units in Glitz Residence 2
Value
7011-bedAED 730K · Sep 2025
702StudioAED 360K · Apr 2023
7032-bedAED 1.09M · Aug 2015
7042-bedAED 1.11M · Apr 2015
705StudioAED 535K · May 2018
7071-bedAED 820K · Aug 2015
7081-bedAED 450K · Nov 2021
1–7 of 17

706, Glitz Residence 2 in numbers

  • Sold once: by Danube Properties Development on 16 August 2015 for AED 770,000, or AED 1,145 per sqft.
  • Rented since February 2019 on 5 Ejari contracts. The rent fell from AED 46,000 to AED 30,000 in 2021 and recovered to AED 60,000 by October 2026.
  • At AED 60,000 a year the gross yield on the 2015 price is 7.8%, before a service charge of about AED 11,100 a year (AED 16.56 per sqft).
  • One-beds in Glitz Residence 2 sold for AED 790,000–790,000 in the 12 months to November 2026; the building's median across all types is AED 1,020 per sqft.

Source: Dubai Land Department. Updated 1 October 2026.

Questions about 706, Glitz Residence 2

What did unit 706 last sell for?

AED 770,000 on 16 August 2015, sold by the developer: AED 1,145 per sqft for 672 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 60,000 a year on the contract renewed on 1 October 2026. The previous contract, from October 2025, was AED 60,000; the unit has been rented since February 2019.

How big is unit 706?

672 sqft (62.4 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2017.

What is unit 706 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 2 sold for AED 790,000 to 790,000 in the last 12 months, around AED 1,175 per sqft.

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Mortgage on 706, Glitz Residence 2

Starts from the last sale price (AED 770K, 16 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 770,000
Deposit, UAE resident (20%)
AED 154,000
Deposit, non-resident (40%)
AED 308,000
Monthly over 25 years at 3.7%
AED 3,150

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