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1-bed · 1,117 sqftGlitz Residence 1, Dubai Studio City · 1st floor · completed 2017

111, Glitz Residence 1

Sold prices and rental history: sold 3 times, last in May 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 111 · DLD and Ejari recordsUpdated 8 May 2024
Last soldAED 795K8 May 2024
Current rentAED 37K /yr5 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 111, Glitz Residence 1

What is 111 worth today?

Last sold for AED 795,000 in 2024

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8 May 2024SoldReady
AED 795,000AED 711 per sqft
5 Oct 2023SoldReady
AED 670,000AED 600 per sqft
5 Jul 2023RentedRenewal
AED 37,000/yr12 months · AED 33 per sqft
5 Jul 2022RentedNew contract
AED 37,000/yr12 months · AED 33 per sqft
10 May 2021RentedNew contract
AED 35,000/yr12 months · AED 31 per sqft
3 Aug 2015Sold by developerOff-plan
AED 972,154AED 870 per sqft

Source: Dubai Land Department. Updated 8 May 2024.

Key facts

Type
1-bed apartment
Size
1,117 sqft
Floor
1st of 8
Parking
B-22
Developer
Danube Properties Development
Completed
2017
Service charge
AED 18,900 /yr
Last sold
AED 795K · May 2024
Building
Glitz Residence 1

About 111, Glitz Residence 1

111 is a one-bedroom apartment of 1,117 sqft on the 1st floor of Glitz Residence 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 8 May 2024 for AED 795,000, or AED 711 per sqft, 10% below the AED 792 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 5 July 2023, is AED 37,000 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 18,900 a year.

Sales and rents for 111 over time

Sales
Unit 111, each saleTypical one-bed in Glitz Residence 1
500K750K1M2015201820212024Typical sale price by year: 2015 AED 775,417; 2017 AED 771,477; 2019 AED 555,000; 2020 AED 430,000; 2022 AED 477,500; 2023 AED 512,500; 2024 AED 640,000; 2025 AED 700,000Sold by developer, August 2015: AED 972,154 (AED 870 per sqft)Sold, October 2023: AED 670,000 (AED 600 per sqft)Sold, May 2024: AED 795,000 (AED 711 per sqft)

111 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 111, each contractTypical one-bed in Glitz Residence 1
40K60K2017202020232026Typical rent by year: 2017 AED 60,000; 2018 AED 55,000; 2019 AED 48,500; 2020 AED 40,250; 2021 AED 35,000; 2022 AED 38,750; 2023 AED 44,500; 2024 AED 55,000; 2025 AED 59,420; 2026 AED 60,000New contract, May 2021: AED 35,000 a yearNew contract, July 2022: AED 37,000 a yearRenewal, July 2023: AED 37,000 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 1, and where 111 sits

All 64 1-beds →

111 last sold in May 2024 at AED 711 per sqft, 10% below what one-beds in Glitz Residence 1 were fetching at the time (AED 792). Over the last 12 months one-beds sold for AED 760,000, around AED 997 per sqft, and rent for AED 54,300 to 72,000 a year. 111's AED 37,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
6 Jan 2026760,000
24 Jul 2025720,000
19 Mar 2025730,000
17 Feb 2025652,000
1 1-bed sale in the last 12 months

Glitz Residence 1

Building

146 apartments, studios to 3-bed over 8 floors in Dubai Studio City, completed in 2017 by Danube Properties Development. 2 sold in the last 12 months.

Typical price per sqft
AED 986
Typical sale
AED 600K
Typical rent
AED 60K /yr
Typical yield
8.4%
Glitz Residence 1, Dubai Studio City: prices, sales and rents →

Other units on the 1st floor

All 146 units in Glitz Residence 1
Value
1011-bedAED 730K · Mar 2025
102StudioAED 469K · Aug 2015
1032-bedAED 1.21M · Oct 2015
1042-bedAED 1M · Aug 2024
105StudioAED 490K · Oct 2023
106AED 735K · Sep 2025
1071-bedAED 851K · Apr 2015
1–7 of 19

111, Glitz Residence 1 in numbers

  • Sold 3 times: first on 3 August 2015 for AED 972,154, last on 8 May 2024 for AED 795,000 (AED 711 per sqft).
  • Rented since May 2021 on 3 Ejari contracts, from AED 35,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 18,900 a year (AED 16.96 per sqft).
  • One-beds in Glitz Residence 1 sold for AED 760,000–760,000 in the 12 months to November 2026; the building's median across all types is AED 986 per sqft.

Source: Dubai Land Department. Updated 8 May 2024.

Questions about 111, Glitz Residence 1

What did unit 111 last sell for?

AED 795,000 on 8 May 2024: AED 711 per sqft for 1,117 sqft. The unit has 3 registered sales; the first was AED 972,154 in August 2015.

What is the rent for unit 111?

AED 37,000 a year on the contract renewed on 5 July 2023. The previous contract, from July 2022, was AED 37,000; the unit has been rented since May 2021.

How big is unit 111?

1,117 sqft (103.8 sqm): a one-bedroom apartment on the 1st floor of a 8-storey tower completed in 2017.

What is unit 111 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 1 sold for AED 760,000 to 760,000 in the last 12 months, around AED 997 per sqft.

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Mortgage on 111, Glitz Residence 1

Starts from the last sale price (AED 795K, 8 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 795,000
Deposit, UAE resident (20%)
AED 159,000
Deposit, non-resident (40%)
AED 318,000
Monthly over 25 years at 3.7%
AED 3,253

Plus AED 38,400 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →