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1-bed · 739 sqftGlitz Residence 3 Tower 2, Dubai Studio City · 5th floor · completed 2017

507, Glitz Residence 3 Tower 2

Sold prices and rental history: sold once, by the developer in January 2019, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 600K30 January 2019
Current rentAED 55K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Glitz Residence 3 Tower 2

What is 507 worth today?

Last sold for AED 600,000 in 2019

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1 Nov 2023RentedNew contract
AED 55,000/yr12 months · AED 74 per sqft
1 Aug 2019RentedNew contract
AED 45,000/yr12 months · AED 61 per sqft
30 Jan 2019Sold by developerReady
AED 600,000AED 812 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
1-bed apartment
Size
739 sqft
Floor
5th of 8
Parking
B-261
Developer
Danube Properties Development
Completed
2017
Service charge
AED 11,600 /yr
Last sold
AED 600K · January 2019
Building
Glitz Residence 3 Tower 2

About 507, Glitz Residence 3 Tower 2

507 is a one-bedroom apartment of 739 sqft on the 5th floor of Glitz Residence 3 Tower 2, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. The developer sold it on 30 January 2019 for AED 600,000, or AED 812 per sqft, 6% below the AED 866 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 November 2023, is AED 55,000 a year: a gross yield of 9.2% on the 2019 price, before the service charge of about AED 11,600 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical one-bed in Glitz Residence 3 Tower 2
600K800K20152018202120242027Typical sale price by year: 2015 AED 830,000; 2016 AED 820,000; 2018 AED 815,050; 2019 AED 585,000; 2021 AED 482,500; 2022 AED 522,500; 2024 AED 640,000; 2025 AED 700,000; 2026 AED 705,000Sold by developer, January 2019: AED 600,000 (AED 812 per sqft)

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

Rents
Unit 507, each contractTypical one-bed in Glitz Residence 3 Tower 2
40K60K2018202120242027Typical rent by year: 2018 AED 52,000; 2019 AED 50,000; 2020 AED 45,000; 2021 AED 36,000; 2022 AED 41,200; 2023 AED 47,125; 2024 AED 55,000; 2025 AED 60,000; 2026 AED 60,000New contract, August 2019: AED 45,000 a yearNew contract, November 2023: AED 55,000 a year

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 2, and where 507 sits

All 80 1-beds →

507 last sold in January 2019 at AED 812 per sqft, 6% below what one-beds in Glitz Residence 3 Tower 2 were fetching at the time (AED 866). Over the last 12 months one-beds sold for AED 700,000 to 720,000, around AED 1,039 per sqft, and rent for AED 50,000 to 78,000 a year. 507's AED 55,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Jul 2026720,000
27 Jun 2026705,000
13 Feb 2026700,000
27 Aug 2025750,000
3 1-bed sales in the last 12 months

Glitz Residence 3 Tower 2

Building

176 apartments, studios to 3-bed over 8 floors in Dubai Studio City, completed in 2017 by Danube Properties Development. 10 sold in the last 12 months.

Typical price per sqft
AED 973 Down 2.4%
Typical sale
AED 905K
Typical rent
AED 62K /yr
Typical yield
8.2%
Glitz Residence 3 Tower 2, Dubai Studio City: prices, sales and rents →

Other units on the 5th floor

All 176 units in Glitz Residence 3 Tower 2
Value
5013-bedAED 1M · Aug 2023
502StudioAED 520K · Oct 2015
5031-bedAED 830K · Nov 2018
5042-bedAED 1.15M · Sep 2017
5052-bedAED 1.11M · Oct 2015
5061-bedAED 570K · Mar 2019
5081-bedAED 700K · Mar 2025
1–7 of 21

507, Glitz Residence 3 Tower 2 in numbers

  • Sold once: by Danube Properties Development on 30 January 2019 for AED 600,000, or AED 812 per sqft.
  • Rented since August 2019 on 2 Ejari contracts, from AED 45,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2019 price is 9.2%, before a service charge of about AED 11,600 a year (AED 15.66 per sqft).
  • One-beds in Glitz Residence 3 Tower 2 sold for AED 700,000–720,000 in the 12 months to November 2026; the building's median across all types is AED 973 per sqft.

Source: Dubai Land Department. Updated 1 November 2023.

Questions about 507, Glitz Residence 3 Tower 2

What did unit 507 last sell for?

AED 600,000 on 30 January 2019, sold by the developer: AED 812 per sqft for 739 sqft. It is the only registered sale of the unit.

What is the rent for unit 507?

AED 55,000 a year on the contract signed on 1 November 2023. The previous contract, from August 2019, was AED 45,000.

How big is unit 507?

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

What is unit 507 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 2 sold for AED 700,000 to 720,000 in the last 12 months, around AED 1,039 per sqft.

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Mortgage on 507, Glitz Residence 3 Tower 2

Starts from the last sale price (AED 600K, 30 January 2019). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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