1-bed · 672 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 1st floor · completed 2017

118, Glitz Residence 3 Tower 1

Sold prices and rental history: sold once, by the developer in September 2015, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 14 May 2026
Last soldAED 786K21 September 2015
Current rentAED 59K /yr14 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 118, Glitz Residence 3 Tower 1

What is 118 worth today?

Last sold for AED 786,000 in 2015

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14 May 2026RentedNew contract
AED 59,000/yr12 months · AED 88 per sqft
28 Aug 2025RentedNew contract
AED 60,000/yr12 months · AED 90 per sqft
1 Feb 2025RentedRenewal
AED 50,000/yr12 months · AED 75 per sqft
1 Feb 2025RentedRenewal
AED 50,000/yr12 months · AED 75 per sqft
1 Feb 2024RentedRenewal
AED 50,000/yr12 months · AED 75 per sqft
1 Feb 2023RentedNew contract
AED 43,000/yr12 months · AED 64 per sqft
24 Jan 2022RentedNew contract
AED 36,000/yr12 months · AED 54 per sqft
21 Sep 2015Sold by developerOff-plan
AED 786,000AED 1,169 per sqft

Source: Dubai Land Department. Updated 14 May 2026.

Key facts

Type
1-bed apartment
Size
672 sqft
Floor
1st of 8
Parking
G-18
Developer
Danube Properties Development
Completed
2017
Service charge
AED 10,500 /yr
Last sold
AED 786K · September 2015

About 118, Glitz Residence 3 Tower 1

118 is a one-bedroom apartment of 672 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 786,000, or AED 1,169 per sqft, in line with the AED 1,169 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 7 Ejari contracts. The current contract, signed on 14 May 2026, is AED 59,000 a year: a gross yield of 7.5% on the 2015 price, before the service charge of about AED 10,500 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical one-bed in Glitz Residence 3 Tower 1
400K600K800K20152018202120242027Typical sale price by year: 2015 AED 820,000; 2016 AED 820,000; 2017 AED 811,800; 2019 AED 580,000; 2022 AED 450,000; 2023 AED 570,000; 2024 AED 640,000; 2025 AED 745,000; 2026 AED 715,000Sold by developer, September 2015: AED 786,000 (AED 1,169 per sqft)

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

Rents
Unit 118, each contractTypical one-bed in Glitz Residence 3 Tower 1
40K60K2018202120242027Typical rent by year: 2018 AED 54,000; 2019 AED 50,000; 2020 AED 40,000; 2021 AED 36,000; 2022 AED 40,000; 2023 AED 46,200; 2024 AED 55,000; 2025 AED 60,000; 2026 AED 60,000New contract, January 2022: AED 36,000 a yearNew contract, February 2023: AED 43,000 a yearRenewal, February 2024: AED 50,000 a yearRenewal, February 2025: AED 50,000 a yearRenewal, February 2025: AED 50,000 a yearNew contract, August 2025: AED 60,000 a yearNew contract, May 2026: AED 59,000 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 3 Tower 1, and where 118 sits

All 80 1-beds →

118 last sold in September 2015 at AED 1,169 per sqft, in line with what one-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 1,169). Over the last 12 months one-beds sold for AED 350,000 to 780,000, around AED 1,048 per sqft, and rent for AED 50,000 to 75,000 a year. 118's AED 59,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Oct 2026715,000
28 Apr 2026350,000
24 Feb 2026775,000
19 Dec 2025770,000
5 1-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
1013-bedAED 1.35M · Sep 2015
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
1–7 of 21

118, Glitz Residence 3 Tower 1 in numbers

  • Sold once: by Danube Properties Development on 21 September 2015 for AED 786,000, or AED 1,169 per sqft.
  • Rented since January 2022 on 7 Ejari contracts, from AED 36,000 to AED 59,000 a year.
  • At AED 59,000 a year the gross yield on the 2015 price is 7.5%, before a service charge of about AED 10,500 a year (AED 15.66 per sqft).
  • One-beds in Glitz Residence 3 Tower 1 sold for AED 350,000–780,000 in the 12 months to November 2026; the building's median across all types is AED 987 per sqft.

Source: Dubai Land Department. Updated 14 May 2026.

Questions about 118, Glitz Residence 3 Tower 1

What did unit 118 last sell for?

AED 786,000 on 21 September 2015, sold by the developer: AED 1,169 per sqft for 672 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 59,000 a year on the contract signed on 14 May 2026. The previous contract, from August 2025, was AED 60,000; the unit has been rented since January 2022.

How big is unit 118?

672 sqft (62.4 sqm): a one-bedroom apartment on the 1st floor of a 8-storey tower completed in 2017.

What is unit 118 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 3 Tower 1 sold for AED 350,000 to 780,000 in the last 12 months, around AED 1,048 per sqft.

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Mortgage on 118, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 786K, 21 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 786,000
Deposit, UAE resident (20%)
AED 157,200
Deposit, non-resident (40%)
AED 314,400
Monthly over 25 years at 3.7%
AED 3,216

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