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

516, Glitz Residence 3 Tower 2

Sold prices and rental history: sold once, by the developer in January 2019, and rented continuously since 2019. 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 28 November 2024

Last soldAED 830K8 January 2019

Current rentAED 72K /yr28 November 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 516, Glitz Residence 3 Tower 2

Today

What is 516 worth today?

Last sold for AED 830,000 in 2019

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28 Nov 2024

28 Nov 2024RentedNew contract

AED 72,000/yr12 months · AED 97 per sqft

1 Feb 2023

1 Feb 2023RentedRenewal

AED 40,700/yr12 months · AED 55 per sqft

1 Feb 2022

1 Feb 2022RentedRenewal

AED 37,000/yr12 months · AED 50 per sqft

1 Feb 2021

1 Feb 2021RentedRenewal

AED 36,500/yr12 months · AED 49 per sqft

1 Feb 2020

1 Feb 2020RentedNew contract

AED 52,000/yr12 months · AED 70 per sqft

1 Feb 2019

1 Feb 2019RentedNew contract

AED 53,500/yr12 months · AED 72 per sqft

8 Jan 2019

8 Jan 2019Sold by developerReady

AED 830,000AED 1,123 per sqft

Source: Dubai Land Department. Updated 28 November 2024.

Key facts

Type: 1-bed apartment
Size: 739 sqft
Floor: 5th of 8
Parking: B-265
Developer: Danube Properties Development
Completed: 2017
Service charge: AED 11,600 /yr
Last sold: AED 830K · January 2019
Building: Glitz Residence 3 Tower 2

About 516, Glitz Residence 3 Tower 2

516 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 8 January 2019 for AED 830,000, or AED 1,123 per sqft, in line with the AED 1,102 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 28 November 2024, is AED 72,000 a year: a gross yield of 8.7% on the 2019 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 2

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 2

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 516 sits

All 80 1-beds →

1-beds in Glitz Residence 3 Tower 2 · last 12 months1,039 /sqft Glitz Residence 3 Tower 2 · all types973 /sqft

516 last sold in January 2019 at AED 1,123 per sqft, in line with what one-beds in Glitz Residence 3 Tower 2 were fetching at the time (AED 1,102). 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. 516's AED 72,000 is in the upper half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
9 Jul 20269 July 2026	739 sqft	720,000	974
27 Jun 202627 June 2026	673 sqft	705,000	1,047
13 Feb 202613 February 2026	673 sqft	700,000	1,039
27 Aug 202527 August 2025	743 sqft	750,000	1,009

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


501	3-bed	1,354 sqft	AED 1MAED 1,000,000 · Aug 2023August 2023
502	Studio	443 sqft	AED 520KAED 520,000 · Oct 2015October 2015	44,100 /yr
503	1-bed	743 sqft	AED 830KAED 830,000 · Nov 2018November 2018
504	2-bed	1,293 sqft	AED 1.15MAED 1,150,000 · Sep 2017September 2017
505	2-bed	1,152 sqft	AED 1.11MAED 1,105,000 · Oct 2015October 2015	88,000 /yr
506	1-bed	739 sqft	AED 570KAED 570,000 · Mar 2019March 2019	62,000 /yr
507	1-bed	739 sqft	AED 600KAED 600,000 · Jan 2019January 2019	55,000 /yr
508	1-bed	672 sqft	AED 700KAED 700,000 · Mar 2025March 2025	47,000 /yr
509	2-bed	1,242 sqft	AED 1.12MAED 1,118,747 · Dec 2019December 2019	75,000 /yr
510	1-bed	779 sqft	AED 850KAED 850,000 · Jan 2019January 2019	61,000 /yr
511	2-bed	1,162 sqft	AED 1.13MAED 1,130,000 · Sep 2025September 2025	75,273 /yr
512	2-bed	1,161 sqft	AED 1.03MAED 1,025,000 · Sep 2017September 2017
513	3-bed	1,350 sqft	AED 1.38MAED 1,375,000 · Oct 2015October 2015	110,000 /yr
514	1-bed	820 sqft	AED 940KAED 940,000 · Oct 2015October 2015	60,000 /yr
515	1-bed	673 sqft	AED 700KAED 700,000 · Feb 2026February 2026	60,000 /yr
517	1-bed	739 sqft	AED 830KAED 830,000 · Oct 2015October 2015	58,000 /yr
518	1-bed	672 sqft	AED 490KAED 490,000 · Nov 2022November 2022	58,000 /yr
519	Studio	433 sqft	AED 510KAED 510,000 · Jul 2015July 2015	43,000 /yr
520	2-bed	1,150 sqft	AED 1.11MAED 1,105,000 · Aug 2015August 2015	90,000 /yr
521	2-bed	1,134 sqft	AED 1.09MAED 1,085,000 · Oct 2015October 2015	85,000 /yr
522	2-bed	1,166 sqft	AED 1.16MAED 1,160,000 · Sep 2015September 2015

1–7 of 21

516, Glitz Residence 3 Tower 2 in numbers

Sold once: by Danube Properties Development on 8 January 2019 for AED 830,000, or AED 1,123 per sqft.
Rented since February 2019 on 6 Ejari contracts. The rent fell from AED 53,500 to AED 36,500 in 2021 and recovered to AED 72,000 by November 2024.
At AED 72,000 a year the gross yield on the 2019 price is 8.7%, 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 28 November 2024.

Questions about 516, Glitz Residence 3 Tower 2

What did unit 516 last sell for?

AED 830,000 on 8 January 2019, sold by the developer: AED 1,123 per sqft for 739 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 72,000 a year on the contract signed on 28 November 2024. The previous contract, from February 2023, was AED 40,700; the unit has been rented since February 2019.

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 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 516, Glitz Residence 3 Tower 2

Starts from the last sale price (AED 830K, 8 January 2019). Switch to today's estimate once you have unlocked it.

Price: AED 830,000
Deposit, UAE resident (20%): AED 166,000
Deposit, non-resident (40%): AED 332,000
Monthly over 25 years at 3.7%: AED 3,396

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