1-bed · 739 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 5th floor · completed 2017

516, Glitz Residence 3 Tower 1

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

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Unit 516 · DLD and Ejari recordsUpdated 2 February 2026

Last soldAED 820K29 October 2015

Current rentAED 70K /yr2 February 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 516, Glitz Residence 3 Tower 1

Today

What is 516 worth today?

Last sold for AED 820,000 in 2015

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2 Feb 2026

2 Feb 2026RentedRenewal

AED 70,000/yr12 months · AED 96 per sqft

2 Feb 2025

2 Feb 2025RentedRenewal

AED 70,000/yr12 months · AED 96 per sqft

2 Feb 2024

2 Feb 2024RentedRenewal

AED 70,000/yr12 months · AED 96 per sqft

2 Feb 2023

2 Feb 2023RentedRenewal

AED 50,000/yr12 months · AED 68 per sqft

2 Feb 2022

2 Feb 2022RentedNew contract

AED 50,000/yr12 months · AED 67 per sqft

29 Oct 2015

29 Oct 2015Sold by developerOff-plan

AED 820,000AED 1,109 per sqft

Source: Dubai Land Department. Updated 2 February 2026.

Key facts

Type: 1-bed apartment
Size: 739 sqft
Floor: 5th of 8
Parking: B-274
Developer: Danube Properties Development
Completed: 2017
Service charge: AED 11,600 /yr
Last sold: AED 820K · October 2015
Building: Glitz Residence 3 Tower 1

About 516, Glitz Residence 3 Tower 1

516 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. The developer sold it on 29 October 2015 for AED 820,000, or AED 1,109 per sqft, in line with the AED 1,109 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 2 February 2026, is AED 70,000 a year: a gross yield of 8.5% on the 2015 price, before the service charge of about AED 11,600 a year.

Sales and rents for 516 over time

Sales

Unit 516, each saleTypical one-bed in Glitz Residence 3 Tower 1

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

Rents

Unit 516, 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 516 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

516 last sold in October 2015 at AED 1,109 per sqft, in line with what one-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 1,109). 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. 516's AED 70,000 is in the upper 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
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
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

516, Glitz Residence 3 Tower 1 in numbers

Sold once: by Danube Properties Development on 29 October 2015 for AED 820,000, or AED 1,109 per sqft.
Rented since February 2022 on 5 Ejari contracts, from AED 50,000 to AED 70,000 a year.
At AED 70,000 a year the gross yield on the 2015 price is 8.5%, 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 2 February 2026.

Questions about 516, Glitz Residence 3 Tower 1

What did unit 516 last sell for?

AED 820,000 on 29 October 2015, sold by the developer: AED 1,109 per sqft for 739 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 70,000 a year on the contract renewed on 2 February 2026. The previous contract, from February 2025, was AED 70,000; the unit has been rented since February 2022.

How big is unit 516?

739 sqft (68.7 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.

What is unit 516 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 516, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 820K, 29 October 2015). Switch to today's estimate once you have unlocked it.

Price: AED 820,000
Deposit, UAE resident (20%): AED 164,000
Deposit, non-resident (40%): AED 328,000
Monthly over 25 years at 3.7%: AED 3,355

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