2-bed · 1,134 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 7th floor · completed 2017

721, Glitz Residence 3 Tower 1

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

Unit 721 · DLD and Ejari recordsUpdated 27 October 2023
Last soldAED 850K27 October 2023
Current rentAED 58K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 721, Glitz Residence 3 Tower 1

What is 721 worth today?

Last sold for AED 850,000 in 2023

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27 Oct 2023SoldReady
AED 850,000AED 749 per sqft
15 Oct 2022RentedRenewal
AED 58,300/yr12 months · AED 51 per sqft
15 Oct 2021RentedRenewal
AED 53,000/yr12 months · AED 47 per sqft
15 Oct 2020RentedNew contract
AED 53,000/yr12 months · AED 47 per sqft
8 Dec 2019RentedRenewal
AED 68,000/yr12 months · AED 60 per sqft
8 Dec 2018RentedNew contract
AED 72,000/yr12 months · AED 64 per sqft
29 Oct 2015Sold by developerOff-plan
AED 1,085,000AED 956 per sqft

Source: Dubai Land Department. Updated 27 October 2023.

Key facts

Type
2-bed apartment
Size
1,134 sqft
Floor
7th of 8
Parking
B-433, B-434
Developer
Danube Properties Development
Completed
2017
Service charge
AED 17,800 /yr
Last sold
AED 850K · October 2023

About 721, Glitz Residence 3 Tower 1

721 is a two-bedroom apartment of 1,134 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 27 October 2023 for AED 850,000, or AED 749 per sqft, in line with the AED 731 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 15 October 2022, is AED 58,300 a year: a gross yield of 6.9% on the 2023 price, before the service charge of about AED 17,800 a year.

Sales and rents for 721 over time

Sales
Unit 721, 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, October 2015: AED 1,085,000 (AED 956 per sqft)Sold, October 2023: AED 850,000 (AED 749 per sqft)

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

Rents
Unit 721, 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, December 2018: AED 72,000 a yearRenewal, December 2019: AED 68,000 a yearNew contract, October 2020: AED 53,000 a yearRenewal, October 2021: AED 53,000 a yearRenewal, October 2022: AED 58,300 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 721 sits

All 64 2-beds →

721 last sold in October 2023 at AED 749 per sqft, in line with what two-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 731). 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. 721's AED 58,300 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

721, Glitz Residence 3 Tower 1 in numbers

  • Sold twice: first on 29 October 2015 for AED 1,085,000, last on 27 October 2023 for AED 850,000 (AED 749 per sqft).
  • Rented since December 2018 on 5 Ejari contracts, from AED 72,000 to AED 58,300 a year.
  • At AED 58,300 a year the gross yield on the 2023 price is 6.9%, before a service charge of about AED 17,800 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 27 October 2023.

Questions about 721, Glitz Residence 3 Tower 1

What did unit 721 last sell for?

AED 850,000 on 27 October 2023: AED 749 per sqft for 1,134 sqft. The unit has 2 registered sales; the first was AED 1,085,000 in October 2015.

What is the rent for unit 721?

AED 58,300 a year on the contract renewed on 15 October 2022. The previous contract, from October 2021, was AED 53,000; the unit has been rented since December 2018.

How big is unit 721?

1,134 sqft (105.4 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2017.

What is unit 721 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 721, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 850K, 27 October 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 →