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3-bed · 1,350 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 5th floor · completed 2017

513, Glitz Residence 3 Tower 1

Sold prices and rental history: sold twice, last in August 2022, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 513 · DLD and Ejari recordsUpdated 30 August 2022
Last soldAED 850K30 August 2022
Current rentAED 60K /yr20 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 513, Glitz Residence 3 Tower 1

What is 513 worth today?

Last sold for AED 850,000 in 2022

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30 Aug 2022SoldReady
AED 850,000AED 629 per sqft
20 Jan 2021RentedRenewal
AED 60,000/yr12 months · AED 45 per sqft
20 Jan 2020RentedNew contract
AED 60,000/yr12 months · AED 45 per sqft
1 Dec 2018RentedNew contract
AED 85,000/yr12 months · AED 63 per sqft
25 Oct 2015Sold by developerOff-plan
AED 1,350,000AED 999 per sqft

Source: Dubai Land Department. Updated 30 August 2022.

Key facts

Type
3-bed apartment
Size
1,350 sqft
Floor
5th of 8
Parking
B-400, B-401
Developer
Danube Properties Development
Completed
2017
Service charge
AED 21,100 /yr
Last sold
AED 850K · August 2022
Building
Glitz Residence 3 Tower 1

About 513, Glitz Residence 3 Tower 1

513 is a three-bedroom apartment of 1,350 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 30 August 2022 for AED 850,000, or AED 629 per sqft.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 20 January 2021, is AED 60,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 21,100 a year.

Sales and rents for 513 over time

Sales
Unit 513, each saleTypical three-bed in Glitz Residence 3 Tower 1
1M1.25M201520182021Typical sale price by year: 2015 AED 1,350,000; 2016 AED 1,350,000Sold by developer, October 2015: AED 1,350,000 (AED 999 per sqft)Sold, August 2022: AED 850,000 (AED 629 per sqft)

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

Rents
Unit 513, each contractTypical three-bed in Glitz Residence 3 Tower 1
75K100K2018202120242027Typical 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, December 2018: AED 85,000 a yearNew contract, January 2020: AED 60,000 a yearRenewal, January 2021: AED 60,000 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 513 sits

All 16 3-beds →

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. 513's AED 60,000 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 5th floor

All 176 units in Glitz Residence 3 Tower 1
Value
5013-bedAED 1.35M · Oct 2015
502StudioAED 400K · Nov 2023
5031-bedAED 820K · Oct 2015
5042-bedAED 1.16M · Dec 2019
5052-bedAED 1.11M · Jul 2015
5061-bedAED 630K · Jul 2024
5071-bedAED 820K · Oct 2015
1–7 of 21

513, Glitz Residence 3 Tower 1 in numbers

  • Sold twice: first on 25 October 2015 for AED 1,350,000, last on 30 August 2022 for AED 850,000 (AED 629 per sqft).
  • Rented since December 2018 on 3 Ejari contracts, from AED 85,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2022 price is 7.1%, before a service charge of about AED 21,100 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 30 August 2022.

Questions about 513, Glitz Residence 3 Tower 1

What did unit 513 last sell for?

AED 850,000 on 30 August 2022: AED 629 per sqft for 1,350 sqft. The unit has 2 registered sales; the first was AED 1,350,000 in October 2015.

What is the rent for unit 513?

AED 60,000 a year on the contract renewed on 20 January 2021. The previous contract, from January 2020, was AED 60,000; the unit has been rented since December 2018.

How big is unit 513?

1,350 sqft (125.4 sqm): a three-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.

What is unit 513 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.

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Mortgage on 513, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 850K, 30 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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