1-bed · 672 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 5th floor · completed 2017

508, Glitz Residence 3 Tower 1

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

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Unit 508 · DLD and Ejari recordsUpdated 15 December 2024

Last soldAED 786K26 July 2015

Current rentAED 60K /yr15 December 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 508, Glitz Residence 3 Tower 1

Today

What is 508 worth today?

Last sold for AED 786,000 in 2015

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15 Dec 2024

15 Dec 2024RentedRenewal

AED 60,000/yr12 months · AED 89 per sqft

15 Dec 2023

15 Dec 2023RentedNew contract

AED 55,000/yr12 months · AED 82 per sqft

23 Nov 2022

23 Nov 2022RentedRenewal

AED 39,100/yr12 months · AED 58 per sqft

23 Nov 2021

23 Nov 2021RentedRenewal

AED 34,000/yr12 months · AED 51 per sqft

23 Nov 2020

23 Nov 2020RentedNew contract

AED 32,000/yr12 months · AED 48 per sqft

1 Apr 2020

1 Apr 2020RentedRenewal

AED 46,000/yr12 months · AED 68 per sqft

1 Apr 2019

1 Apr 2019RentedNew contract

AED 50,000/yr12 months · AED 74 per sqft

26 Jul 2015

26 Jul 2015Sold by developerOff-plan

AED 786,000AED 1,169 per sqft

Source: Dubai Land Department. Updated 15 December 2024.

Key facts

Type: 1-bed apartment
Size: 672 sqft
Floor: 5th of 8
Parking: B-277
Developer: Danube Properties Development
Completed: 2017
Service charge: AED 10,500 /yr
Last sold: AED 786K · July 2015
Building: Glitz Residence 3 Tower 1

About 508, Glitz Residence 3 Tower 1

508 is a one-bedroom apartment of 672 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. The developer sold it on 26 July 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 2019 on 7 Ejari contracts. The current contract, renewed on 15 December 2024, is AED 60,000 a year: a gross yield of 7.6% on the 2015 price, before the service charge of about AED 10,500 a year.

Sales and rents for 508 over time

Sales

Unit 508, each saleTypical one-bed in Glitz Residence 3 Tower 1

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

Rents

Unit 508, each contractTypical one-bed in Glitz Residence 3 Tower 1

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 508 sits

All 80 1-beds →

1-beds in Glitz Residence 3 Tower 1 · last 12 months1,048 /sqft Glitz Residence 3 Tower 1 · all types987 /sqft

508 last sold in July 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. 508's AED 60,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

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 5th floor

All 176 units in Glitz Residence 3 Tower 1


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
506	1-bed	739 sqft	AED 630KAED 630,000 · Jul 2024July 2024	41,800 /yr
507	1-bed	739 sqft	AED 820KAED 820,000 · Oct 2015October 2015	63,000 /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

1–7 of 21

508, Glitz Residence 3 Tower 1 in numbers

Sold once: by Danube Properties Development on 26 July 2015 for AED 786,000, or AED 1,169 per sqft.
Rented since April 2019 on 7 Ejari contracts. The rent fell from AED 50,000 to AED 32,000 in 2020 and recovered to AED 60,000 by December 2024.
At AED 60,000 a year the gross yield on the 2015 price is 7.6%, 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 15 December 2024.

Questions about 508, Glitz Residence 3 Tower 1

What did unit 508 last sell for?

AED 786,000 on 26 July 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 508?

AED 60,000 a year on the contract renewed on 15 December 2024. The previous contract, from December 2023, was AED 55,000; the unit has been rented since April 2019.

How big is unit 508?

672 sqft (62.4 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.

What is unit 508 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 508, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 786K, 26 July 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 →