3-bed · 1,354 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 1st floor · completed 2017

101, Glitz Residence 3 Tower 1

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

Unit 101 · DLD and Ejari recordsUpdated 16 February 2022
Last soldAED 1.35M21 September 2015
Current rentAED 50K /yr16 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 101, Glitz Residence 3 Tower 1

What is 101 worth today?

Last sold for AED 1,350,000 in 2015

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

16 Feb 2022RentedRenewal
AED 50,000/yr12 months · AED 37 per sqft
16 Feb 2021RentedNew contract
AED 50,000/yr12 months · AED 37 per sqft
10 Jan 2021RentedNew contract
AED 60,000/yr12 months · AED 44 per sqft
1 Feb 2019RentedNew contract
AED 84,756/yr12 months · AED 62 per sqft
21 Sep 2015Sold by developerOff-plan
AED 1,350,000AED 996 per sqft

Source: Dubai Land Department. Updated 16 February 2022.

Key facts

Type
3-bed apartment
Size
1,354 sqft
Floor
1st of 8
Parking
B-386, B-387
Developer
Danube Properties Development
Completed
2017
Service charge
AED 21,200 /yr
Last sold
AED 1.35M · September 2015

About 101, Glitz Residence 3 Tower 1

101 is a three-bedroom apartment of 1,354 sqft on the 1st floor of Glitz Residence 3 Tower 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. The developer sold it on 21 September 2015 for AED 1,350,000, or AED 996 per sqft, in line with the AED 996 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 16 February 2022, is AED 50,000 a year: a gross yield of 3.7% on the 2015 price, before the service charge of about AED 21,200 a year.

Sales and rents for 101 over time

Sales
Unit 101, each saleTypical three-bed in Glitz Residence 3 Tower 1
1.2M1.4M201520162017Typical sale price by year: 2015 AED 1,350,000; 2016 AED 1,350,000Sold by developer, September 2015: AED 1,350,000 (AED 996 per sqft)

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

Rents
Unit 101, each contractTypical three-bed in Glitz Residence 3 Tower 1
50K100K2018202120242027Typical rent by year: 2018 AED 90,000; 2019 AED 85,000; 2020 AED 66,000; 2021 AED 63,000; 2022 AED 71,500; 2023 AED 85,000; 2024 AED 95,000; 2025 AED 107,500; 2026 AED 105,000New contract, February 2019: AED 84,756 a yearNew contract, January 2021: AED 60,000 a yearNew contract, February 2021: AED 50,000 a yearRenewal, February 2022: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Glitz Residence 3 Tower 1, and where 101 sits

All 16 3-beds →

101 last sold in September 2015 at AED 996 per sqft, in line with what three-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 996). Over the last 12 months three-beds sold for AED 1,275,000 to 1,500,000, around AED 1,024 per sqft, and rent for AED 90,000 to 110,000 a year. 101's AED 50,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
25 Feb 20261,500,000
3 Feb 20261,275,000
3 Mar 20251,420,000
3 Oct 20241,340,000
2 3-bed sales in the last 12 months

Glitz Residence 3 Tower 1

Building

176 apartments, studios to 3-bed over 8 floors in Dubai Studio City, completed in 2017 by Danube Properties Development. 16 sold in the last 12 months.

Typical price per sqft
AED 987 Down 3.5%
Typical sale
AED 1.09M
Typical rent
AED 63K /yr
Typical yield
7.9%
Glitz Residence 3 Tower 1, Dubai Studio City: prices, sales and rents →

Other units on the 1st floor

All 176 units in Glitz Residence 3 Tower 1
Value
102StudioAED 480K · Jan 2019
1031-bedAED 450K · Feb 2022
1042-bedAED 1.25M · Mar 2018
1052-bedAED 750K · Aug 2019
1061-bedAED 815K · Oct 2016
1071-bedAED 815K · Oct 2016
1081-bedAED 640K · May 2024
1–7 of 21

101, Glitz Residence 3 Tower 1 in numbers

  • Sold once: by Danube Properties Development on 21 September 2015 for AED 1,350,000, or AED 996 per sqft.
  • Rented since February 2019 on 4 Ejari contracts, from AED 84,756 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2015 price is 3.7%, before a service charge of about AED 21,200 a year (AED 15.66 per sqft).
  • Three-beds in Glitz Residence 3 Tower 1 sold for AED 1,275,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 987 per sqft.

Source: Dubai Land Department. Updated 16 February 2022.

Questions about 101, Glitz Residence 3 Tower 1

What did unit 101 last sell for?

AED 1,350,000 on 21 September 2015, sold by the developer: AED 996 per sqft for 1,354 sqft. It is the only registered sale of the unit.

What is the rent for unit 101?

AED 50,000 a year on the contract renewed on 16 February 2022. The previous contract, from February 2021, was AED 50,000; the unit has been rented since February 2019.

How big is unit 101?

1,354 sqft (125.8 sqm): a three-bedroom apartment on the 1st floor of a 8-storey tower completed in 2017.

What is unit 101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Glitz Residence 3 Tower 1 sold for AED 1,275,000 to 1,500,000 in the last 12 months, around AED 1,024 per sqft.

Selling 101? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 101, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 1.35M, 21 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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