116, Glitz Residence 1
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, Glitz Residence 1
What is 116 worth today?
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Source: Dubai Land Department. Updated 15 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 574 sqft
- Floor
- 1st of 8
- Parking
- G-43
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 9,700 /yr
- Last sold
- AED 593K · June 2015
- Building
- Glitz Residence 1
About 116, Glitz Residence 1
116 is a studio of 574 sqft on the 1st floor of Glitz Residence 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. The developer sold it on 7 June 2015 for AED 592,936, or AED 1,032 per sqft, in line with the AED 1,034 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 15 February 2025, is AED 48,000 a year: a gross yield of 8.1% on the 2015 price, before the service charge of about AED 9,700 a year.
Sales and rents for 116 over time
116 has sold once; the dashed line is the studio median of each year in the building.
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 116 sits
All 31 studios →116 last sold in June 2015 at AED 1,032 per sqft, in line with what studios in Glitz Residence 1 were fetching at the time (AED 1,034). 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. 116's AED 48,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 May 20252 May 2025 | 465 sqft | 530,000 | 1,140 | ||
| 20 May 202420 May 2024 | 450 sqft | 499,999 | 1,110 | ||
| 5 Feb 20245 February 2024 | 226 sqft | 175,000 | 775 | ||
| 23 Oct 202323 October 2023 | 574 sqft | 490,000 | 853 |
Glitz Residence 1
Building146 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%
Other units on the 1st floor
All 146 units in Glitz Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 785 sqft | AED 730KAED 730,000 · Mar 2025March 2025 | 68,000 /yr | |
| 102 | Studio | 466 sqft | AED 469KAED 468,837 · Aug 2015August 2015 | 32,000 /yr | |
| 103 | 2-bed | 1,361 sqft | AED 1.21MAED 1,208,143 · Oct 2015October 2015 | 80,000 /yr | |
| 104 | 2-bed | 1,535 sqft | AED 1MAED 1,000,000 · Aug 2024August 2024 | 55,000 /yr | |
| 105 | Studio | 574 sqft | AED 490KAED 490,000 · Oct 2023October 2023 | 35,000 /yr | |
| 106 | 767 sqft | AED 735KAED 735,000 · Sep 2025September 2025 | 60,000 /yr | ||
| 107 | 1-bed | 862 sqft | AED 851KAED 850,779 · Apr 2015April 2015 | 55,000 /yr | |
| 108 | 782 sqft | AED 735KAED 735,000 · Sep 2025September 2025 | 65,000 /yr | ||
| 109 | Studio | 484 sqft | AED 480KAED 479,593 · Feb 2015February 2015 | 34,000 /yr | |
| 110 | 1-bed | 1,117 sqft | AED 972KAED 972,154 · Aug 2015August 2015 | 56,500 /yr | |
| 111 | 1-bed | 1,117 sqft | AED 795KAED 795,000 · May 2024May 2024 | 37,000 /yr | |
| 112 | Studio | 484 sqft | AED 345KAED 345,000 · Jun 2023June 2023 | 32,000 /yr | |
| 113 | 1-bed | 782 sqft | AED 620KAED 620,000 · Feb 2024February 2024 | 60,000 /yr | |
| 114 | 1-bed | 862 sqft | AED 851KAED 850,779 · Apr 2015April 2015 | 48,000 /yr | |
| 115 | 1-bed | 769 sqft | AED 812KAED 811,625 · Aug 2015August 2015 | ||
| 117 | 2-bed | 1,535 sqft | AED 1.15MAED 1,150,000 · Nov 2023November 2023 | 80,000 /yr | |
| 118 | 2-bed | 1,326 sqft | AED 1.21MAED 1,208,143 · Aug 2015August 2015 | 80,000 /yr | |
| 119 | Studio | 450 sqft | AED 500KAED 499,999 · May 2024May 2024 | 35,200 /yr | |
| 120 | 1-bed | 763 sqft | AED 762KAED 762,254 · Aug 2015August 2015 | 50,600 /yr |
116, Glitz Residence 1 in numbers
- Sold once: by Danube Properties Development on 7 June 2015 for AED 592,936, or AED 1,032 per sqft.
- Rented since October 2019 on 5 Ejari contracts. The rent fell from AED 34,000 to AED 28,000 in 2021 and recovered to AED 48,000 by February 2025.
- At AED 48,000 a year the gross yield on the 2015 price is 8.1%, before a service charge of about AED 9,700 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 15 February 2025.
Questions about 116, Glitz Residence 1
What did unit 116 last sell for?
AED 592,936 on 7 June 2015, sold by the developer: AED 1,032 per sqft for 574 sqft. It is the only registered sale of the unit.
What is the rent for unit 116?
AED 48,000 a year on the contract signed on 15 February 2025. The previous contract, from December 2023, was AED 45,000; the unit has been rented since October 2019.
How big is unit 116?
574 sqft (53.3 sqm): a studio on the 1st floor of a 8-storey tower completed in 2017.
What is unit 116 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 116, Glitz Residence 1
Starts from the last sale price (AED 593K, 7 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 592,936
- Deposit, UAE resident (20%)
- AED 118,587
- Deposit, non-resident (40%)
- AED 237,174
- Monthly over 25 years at 3.7%
- AED 2,426
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →