2-bed · 1,161 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 7th floor · completed 2017

712, Glitz Residence 3 Tower 1

Sold prices and rental history: sold twice, last in April 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 712 · DLD and Ejari recordsUpdated 13 April 2023
Last soldAED 850K13 April 2023
Current rentAED 53K /yr3 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 712, Glitz Residence 3 Tower 1

What is 712 worth today?

Last sold for AED 850,000 in 2023

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13 Apr 2023SoldReady
AED 850,000AED 731 per sqft
3 Mar 2021RentedNew contract
AED 53,000/yr12 months · AED 46 per sqft
1 Feb 2020RentedRenewal
AED 70,000/yr12 months · AED 60 per sqft
1 Feb 2019RentedNew contract
AED 73,000/yr12 months · AED 63 per sqft
18 Jul 2018RentedNew contract
AED 81,000/yr12 months · AED 70 per sqft
13 Apr 2016Sold by developerOff-plan
AED 1,115,000AED 960 per sqft

Source: Dubai Land Department. Updated 13 April 2023.

Key facts

Type
2-bed apartment
Size
1,161 sqft
Floor
7th of 8
Parking
B-413, B-414
Developer
Danube Properties Development
Completed
2017
Service charge
AED 18,200 /yr
Last sold
AED 850K · April 2023

About 712, Glitz Residence 3 Tower 1

712 is a two-bedroom apartment of 1,161 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 13 April 2023 for AED 850,000, or AED 731 per sqft.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 3 March 2021, is AED 53,000 a year: a gross yield of 6.2% on the 2023 price, before the service charge of about AED 18,200 a year.

Sales and rents for 712 over time

Sales
Unit 712, each saleTypical two-bed in Glitz Residence 3 Tower 1
1M20152018202120242027Typical sale price by year: 2015 AED 1,095,000; 2016 AED 1,115,000; 2017 AED 1,112,500; 2018 AED 1,105,000; 2019 AED 1,019,100; 2023 AED 850,000; 2024 AED 1,000,000; 2025 AED 1,120,000; 2026 AED 1,120,000Sold by developer, April 2016: AED 1,115,000 (AED 960 per sqft)Sold, April 2023: AED 850,000 (AED 731 per sqft)

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

Rents
Unit 712, each contractTypical two-bed in Glitz Residence 3 Tower 1
60K80K2018202120242027Typical rent by year: 2018 AED 75,000; 2019 AED 72,000; 2020 AED 58,000; 2021 AED 54,000; 2022 AED 60,000; 2023 AED 68,250; 2024 AED 71,652; 2025 AED 80,262; 2026 AED 84,000New contract, July 2018: AED 81,000 a yearNew contract, February 2019: AED 73,000 a yearRenewal, February 2020: AED 70,000 a yearNew contract, March 2021: AED 53,000 a year

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

2-beds in Glitz Residence 3 Tower 1, and where 712 sits

All 64 2-beds →

Over the last 12 months two-beds sold for AED 1,060,000 to 1,200,000, around AED 961 per sqft, and rent for AED 65,000 to 97,000 a year. 712's AED 53,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 May 20261,200,000
6 Apr 20261,190,000
6 Apr 20261,170,000
10 Mar 20261,100,000
8 2-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 7th floor

All 176 units in Glitz Residence 3 Tower 1
Value
7013-bedAED 1.35M · Sep 2016
702StudioAED 460K · Feb 2025
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
1–7 of 21

712, Glitz Residence 3 Tower 1 in numbers

  • Sold twice: first on 13 April 2016 for AED 1,115,000, last on 13 April 2023 for AED 850,000 (AED 731 per sqft).
  • Rented since July 2018 on 4 Ejari contracts, from AED 81,000 to AED 53,000 a year.
  • At AED 53,000 a year the gross yield on the 2023 price is 6.2%, before a service charge of about AED 18,200 a year (AED 15.66 per sqft).
  • Two-beds in Glitz Residence 3 Tower 1 sold for AED 1,060,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 987 per sqft.

Source: Dubai Land Department. Updated 13 April 2023.

Questions about 712, Glitz Residence 3 Tower 1

What did unit 712 last sell for?

AED 850,000 on 13 April 2023: AED 731 per sqft for 1,161 sqft. The unit has 2 registered sales; the first was AED 1,115,000 in April 2016.

What is the rent for unit 712?

AED 53,000 a year on the contract signed on 3 March 2021. The previous contract, from February 2020, was AED 70,000; the unit has been rented since July 2018.

How big is unit 712?

1,161 sqft (107.9 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2017.

What is unit 712 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Glitz Residence 3 Tower 1 sold for AED 1,060,000 to 1,200,000 in the last 12 months, around AED 961 per sqft.

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Mortgage on 712, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 850K, 13 April 2023). 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 →