Studio · 443 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 7th floor · completed 2017

702, Glitz Residence 3 Tower 1

Sold prices and rental history: sold 3 times, last in February 2025, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 15 October 2025
Last soldAED 460K20 February 2025
Current rentAED 50K /yr15 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Glitz Residence 3 Tower 1

What is 702 worth today?

Last sold for AED 460,000 in 2025

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15 Oct 2025RentedNew contract
AED 50,139/yr12 months · AED 113 per sqft
1 Jul 2025RentedRenewal
AED 29,901/yr3 months · AED 68 per sqft
1 Jul 2025RentedRenewal
AED 29,901/yr3 months · AED 68 per sqft
20 Feb 2025SoldReady
AED 460,000AED 1,039 per sqft
1 Jul 2024RentedRenewal
AED 26,000/yr12 months · AED 59 per sqft
1 Jul 2023RentedRenewal
AED 26,000/yr12 months · AED 59 per sqft
1 Jul 2022RentedNew contract
AED 23,000/yr12 months · AED 52 per sqft
1 Jun 2020RentedNew contract
AED 26,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 15 October 2025.

Key facts

Type
Studio apartment
Size
443 sqft
Floor
7th of 8
Parking
B-31
Developer
Danube Properties Development
Completed
2017
Service charge
AED 6,900 /yr
Last sold
AED 460K · February 2025

About 702, Glitz Residence 3 Tower 1

702 is a studio of 443 sqft on the 7th 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 20 February 2025 for AED 460,000, or AED 1,039 per sqft, 5% above the AED 992 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 15 October 2025, is AED 50,139 a year: a gross yield of 10.9% on the 2025 price, before the service charge of about AED 6,900 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical studio in Glitz Residence 3 Tower 1
400K500K2015201820212024Typical sale price by year: 2015 AED 480,000; 2023 AED 390,000; 2025 AED 515,000Sold by developer, October 2015: AED 485,000 (AED 1,096 per sqft)Sold, August 2017: AED 485,000 (AED 1,096 per sqft)Sold, February 2025: AED 460,000 (AED 1,039 per sqft)

702 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 702, each contractTypical studio in Glitz Residence 3 Tower 1
20K40K2018202120242027Typical rent by year: 2018 AED 38,000; 2019 AED 35,000; 2020 AED 30,000; 2021 AED 24,000; 2022 AED 28,000; 2023 AED 32,000; 2024 AED 37,800; 2025 AED 44,000; 2026 AED 43,500New contract, June 2020: AED 26,000 a yearNew contract, July 2022: AED 23,000 a yearRenewal, July 2023: AED 26,000 a yearRenewal, July 2024: AED 26,000 a yearRenewal, July 2025: AED 29,901 a yearRenewal, July 2025: AED 29,901 a yearNew contract, October 2025: AED 50,139 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Glitz Residence 3 Tower 1, and where 702 sits

All 16 studios →

702 last sold in February 2025 at AED 1,039 per sqft, 5% above what studios in Glitz Residence 3 Tower 1 were fetching at the time (AED 992). Over the last 12 months studios sold for AED 570,000, around AED 1,288 per sqft, and rent for AED 40,000 to 54,000 a year. 702's AED 50,139 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
23 Feb 2026570,000
28 Aug 2025525,000
14 Aug 2025515,000
7 Nov 2024430,000
1 studio sale 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 7th floor

All 176 units in Glitz Residence 3 Tower 1
Value
7013-bedAED 1.35M · Sep 2016
7031-bedAED 650K · Aug 2024
7042-bedAED 1.25M · Jul 2016
7052-bedAED 1.11M · Jan 2017
7061-bedAED 775K · Feb 2026
7071-bedAED 650K · Dec 2024
7081-bedAED 780K · Nov 2025
1–7 of 21

702, Glitz Residence 3 Tower 1 in numbers

  • Sold 3 times: first on 25 October 2015 for AED 485,000, last on 20 February 2025 for AED 460,000 (AED 1,039 per sqft).
  • Rented since June 2020 on 7 Ejari contracts. The rent fell from AED 26,000 to AED 23,000 in 2022 and recovered to AED 50,139 by October 2025.
  • At AED 50,139 a year the gross yield on the 2025 price is 10.9%, before a service charge of about AED 6,900 a year (AED 15.66 per sqft).
  • Studios in Glitz Residence 3 Tower 1 sold for AED 570,000–570,000 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 October 2025.

Questions about 702, Glitz Residence 3 Tower 1

What did unit 702 last sell for?

AED 460,000 on 20 February 2025: AED 1,039 per sqft for 443 sqft. The unit has 3 registered sales; the first was AED 485,000 in October 2015.

What is the rent for unit 702?

AED 50,139 a year on the contract signed on 15 October 2025. The previous contract, from July 2025, was AED 29,901; the unit has been rented since June 2020.

How big is unit 702?

443 sqft (41.2 sqm): a studio on the 7th floor of a 8-storey tower completed in 2017.

What is unit 702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Glitz Residence 3 Tower 1 sold for AED 570,000 to 570,000 in the last 12 months, around AED 1,288 per sqft.

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Mortgage on 702, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 460K, 20 February 2025). Switch to today's estimate once you have unlocked it.
Price
AED 460,000
Deposit, UAE resident (20%)
AED 92,000
Deposit, non-resident (40%)
AED 184,000
Monthly over 25 years at 3.7%
AED 1,882

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