506, Glitz Residence 3 Tower 1
Sold prices and rental history: sold twice, last in July 2024, 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 506, Glitz Residence 3 Tower 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 31 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 739 sqft
- Floor
- 5th of 8
- Parking
- B-279
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 11,600 /yr
- Last sold
- AED 630K · July 2024
- Building
- Glitz Residence 3 Tower 1
About 506, Glitz Residence 3 Tower 1
506 is a one-bedroom apartment of 739 sqft on the 5th floor of Glitz Residence 3 Tower 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 31 July 2024 for AED 630,000, or AED 852 per sqft, 11% above the AED 765 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 23 April 2023, is AED 41,800 a year: a gross yield of 6.6% on the 2024 price, before the service charge of about AED 11,600 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the one-bed median of each year in the building.
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 506 sits
All 80 1-beds →506 last sold in July 2024 at AED 852 per sqft, 11% above what one-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 765). 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. 506's AED 41,800 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Oct 20262 October 2026 | 672 sqft | 715,000 | 1,064 | ||
| 28 Apr 202628 April 2026 | 369 sqft | 350,000 | 947 | ||
| 24 Feb 202624 February 2026 | 739 sqft | 775,000 | 1,048 | ||
| 19 Dec 202519 December 2025 | 739 sqft | 770,000 | 1,042 |
Glitz Residence 3 Tower 1
Building176 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%
Other units on the 5th floor
All 176 units in Glitz Residence 3 Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,354 sqft | AED 1.35MAED 1,350,000 · Oct 2015October 2015 | 110,000 /yr | |
| 502 | Studio | 443 sqft | AED 400KAED 400,000 · Nov 2023November 2023 | 36,735 /yr | |
| 503 | 1-bed | 743 sqft | AED 820KAED 820,000 · Oct 2015October 2015 | 63,000 /yr | |
| 504 | 2-bed | 1,293 sqft | AED 1.16MAED 1,164,706 · Dec 2019December 2019 | 71,491 /yr | |
| 505 | 2-bed | 1,152 sqft | AED 1.11MAED 1,105,000 · Jul 2015July 2015 | 80,000 /yr | |
| 507 | 1-bed | 739 sqft | AED 820KAED 820,000 · Oct 2015October 2015 | 63,000 /yr | |
| 508 | 1-bed | 672 sqft | AED 786KAED 786,000 · Jul 2015July 2015 | 60,000 /yr | |
| 509 | 2-bed | 1,242 sqft | AED 1.21MAED 1,210,000 · Oct 2016October 2016 | 88,000 /yr | |
| 510 | 1-bed | 779 sqft | AED 753KAED 753,000 · Feb 2023February 2023 | 55,000 /yr | |
| 511 | 2-bed | 1,162 sqft | AED 1.1MAED 1,095,000 · Oct 2015October 2015 | 85,378 /yr | |
| 512 | 2-bed | 1,161 sqft | AED 1.1MAED 1,095,000 · Sep 2015September 2015 | 95,000 /yr | |
| 513 | 3-bed | 1,350 sqft | AED 850KAED 850,000 · Aug 2022August 2022 | 60,000 /yr | |
| 514 | 1-bed | 820 sqft | AED 895KAED 895,000 · Sep 2015September 2015 | 52,800 /yr | |
| 515 | 1-bed | 666 sqft | AED 786KAED 786,000 · Sep 2015September 2015 | ||
| 516 | 1-bed | 739 sqft | AED 820KAED 820,000 · Oct 2015October 2015 | 70,000 /yr | |
| 517 | 1-bed | 739 sqft | AED 650KAED 650,000 · Oct 2018October 2018 | 75,000 /yr | |
| 518 | 1-bed | 672 sqft | AED 670KAED 670,000 · Feb 2025February 2025 | 67,000 /yr | |
| 519 | Studio | 433 sqft | AED 515KAED 515,000 · Aug 2025August 2025 | 54,000 /yr | |
| 520 | 2-bed | 1,150 sqft | AED 1.09MAED 1,085,000 · Oct 2015October 2015 | 75,000 /yr | |
| 521 | 2-bed | 1,134 sqft | AED 1.09MAED 1,085,000 · Oct 2015October 2015 | 83,000 /yr | |
| 522 | 2-bed | 1,166 sqft | AED 1.16MAED 1,160,000 · Oct 2015October 2015 |
506, Glitz Residence 3 Tower 1 in numbers
- Sold twice: first on 25 October 2015 for AED 820,000, last on 31 July 2024 for AED 630,000 (AED 852 per sqft).
- Rented since November 2018 on 5 Ejari contracts. The rent fell from AED 50,000 to AED 34,000 in 2021 and recovered to AED 41,800 by April 2023.
- At AED 41,800 a year the gross yield on the 2024 price is 6.6%, before a service charge of about AED 11,600 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 31 July 2024.
Questions about 506, Glitz Residence 3 Tower 1
What did unit 506 last sell for?
AED 630,000 on 31 July 2024: AED 852 per sqft for 739 sqft. The unit has 2 registered sales; the first was AED 820,000 in October 2015.
What is the rent for unit 506?
AED 41,800 a year on the contract renewed on 23 April 2023. The previous contract, from April 2022, was AED 38,000; the unit has been rented since November 2018.
How big is unit 506?
739 sqft (68.7 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.
What is unit 506 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 506, Glitz Residence 3 Tower 1
Starts from the last sale price (AED 630K, 31 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 630,000
- Deposit, UAE resident (20%)
- AED 126,000
- Deposit, non-resident (40%)
- AED 252,000
- Monthly over 25 years at 3.7%
- AED 2,578
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →