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Studio · 484 sqftGlitz Residence 1, Dubai Studio City · 1st floor · completed 2017

112, Glitz Residence 1

Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 112 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 345K1 June 2023
Current rentAED 32K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 112, Glitz Residence 1

What is 112 worth today?

Last sold for AED 345,000 in 2023

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1 Nov 2023RentedNew contract
AED 32,000/yr12 months · AED 66 per sqft
1 Jun 2023SoldReady
AED 345,000AED 712 per sqft
1 Nov 2022RentedNew contract
AED 28,000/yr12 months · AED 58 per sqft
1 Nov 2022RentedRenewal
AED 28,000/yr12 months · AED 58 per sqft
2 Nov 2017RentedNew contract
AED 45,000/yr12 months · AED 93 per sqft
19 Apr 2015Sold by developerOff-plan
AED 479,593AED 990 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
Studio apartment
Size
484 sqft
Floor
1st of 8
Parking
G-47
Developer
Danube Properties Development
Completed
2017
Service charge
AED 8,200 /yr
Last sold
AED 345K · June 2023
Building
Glitz Residence 1

About 112, Glitz Residence 1

112 is a studio of 484 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 1 June 2023 for AED 345,000, or AED 712 per sqft, in line with the AED 712 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 1 November 2023, is AED 32,000 a year: a gross yield of 9.3% on the 2023 price, before the service charge of about AED 8,200 a year.

Sales and rents for 112 over time

Sales
Unit 112, each saleTypical studio in Glitz Residence 1
400K500K2015201820212024Typical sale price by year: 2015 AED 492,302; 2023 AED 370,000Sold by developer, April 2015: AED 479,593 (AED 990 per sqft)Sold, June 2023: AED 345,000 (AED 712 per sqft)

112 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 112, each contractTypical studio in Glitz Residence 1
40K2017202020232026Typical rent by year: 2017 AED 45,000; 2018 AED 42,000; 2019 AED 35,000; 2020 AED 28,000; 2021 AED 26,000; 2022 AED 30,000; 2023 AED 32,000; 2024 AED 36,750; 2025 AED 43,000; 2026 AED 50,000New contract, November 2017: AED 45,000 a yearNew contract, November 2022: AED 28,000 a yearRenewal, November 2022: AED 28,000 a yearNew contract, November 2023: AED 32,000 a year

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

Studios in Glitz Residence 1, and where 112 sits

All 31 studios →

112 last sold in June 2023 at AED 712 per sqft, in line with what studios in Glitz Residence 1 were fetching at the time (AED 712). Over the last 12 months studios sold for AED 440,000, around AED 975 per sqft, and rent for AED 41,000 to 50,000 a year. 112's AED 32,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
2 May 2025530,000
20 May 2024499,999
5 Feb 2024175,000
23 Oct 2023490,000
1 studio 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

112, Glitz Residence 1 in numbers

  • Sold twice: first on 19 April 2015 for AED 479,593, last on 1 June 2023 for AED 345,000 (AED 712 per sqft).
  • Rented since November 2017 on 4 Ejari contracts. The rent fell from AED 45,000 to AED 28,000 in 2022 and recovered to AED 32,000 by November 2023.
  • At AED 32,000 a year the gross yield on the 2023 price is 9.3%, before a service charge of about AED 8,200 a year (AED 16.96 per sqft).
  • Studios in Glitz Residence 1 sold for AED 440,000–440,000 in the 12 months to November 2026; the building's median across all types is AED 986 per sqft.

Source: Dubai Land Department. Updated 1 November 2023.

Questions about 112, Glitz Residence 1

What did unit 112 last sell for?

AED 345,000 on 1 June 2023: AED 712 per sqft for 484 sqft. The unit has 2 registered sales; the first was AED 479,593 in April 2015.

What is the rent for unit 112?

AED 32,000 a year on the contract signed on 1 November 2023. The previous contract, from November 2022, was AED 28,000; the unit has been rented since November 2017.

How big is unit 112?

484 sqft (45.0 sqm): a studio on the 1st floor of a 8-storey tower completed in 2017.

What is unit 112 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Glitz Residence 1 sold for AED 440,000 to 440,000 in the last 12 months, around AED 975 per sqft.

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Mortgage on 112, Glitz Residence 1

Starts from the last sale price (AED 345K, 1 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 345,000
Deposit, UAE resident (20%)
AED 69,000
Deposit, non-resident (40%)
AED 138,000
Monthly over 25 years at 3.7%
AED 1,412

Plus AED 17,400 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →