Home
Dubai prices
About
Research
Studio · 450 sqftGlitz Residence 1, Dubai Studio City · 1st floor · completed 2017

119, Glitz Residence 1

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 119 · DLD and Ejari recordsUpdated 20 May 2024
Last soldAED 500K20 May 2024
Current rentAED 35K /yr10 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 119

Property timeline for 119, Glitz Residence 1

What is 119 worth today?

Last sold for AED 499,999 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

20 May 2024SoldReady
AED 499,999AED 1,110 per sqft
10 May 2024RentedRenewal
AED 35,200/yr6 months · AED 80 per sqft
10 May 2023RentedRenewal
AED 32,000/yr12 months · AED 71 per sqft
10 May 2022RentedNew contract
AED 27,000/yr12 months · AED 60 per sqft
5 Feb 2018RentedNew contract
AED 40,000/yr12 months · AED 88 per sqft
7 May 2015Sold by developerOff-plan
AED 468,837AED 1,041 per sqft

Source: Dubai Land Department. Updated 20 May 2024.

Key facts

Type
Studio apartment
Size
450 sqft
Floor
1st of 8
Parking
G-42
Developer
Danube Properties Development
Completed
2017
Service charge
AED 7,600 /yr
Last sold
AED 500K · May 2024
Building
Glitz Residence 1

About 119, Glitz Residence 1

119 is a studio of 450 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 20 May 2024 for AED 499,999, or AED 1,110 per sqft, 36% above the AED 817 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 10 May 2024, is AED 35,200 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 7,600 a year.

Sales and rents for 119 over time

Sales
Unit 119, each saleTypical studio in Glitz Residence 1
400K500K2015201820212024Typical sale price by year: 2015 AED 492,302; 2023 AED 370,000Sold by developer, May 2015: AED 468,837 (AED 1,041 per sqft)Sold, May 2024: AED 499,999 (AED 1,110 per sqft)

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

Rents
Unit 119, 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, February 2018: AED 40,000 a yearNew contract, May 2022: AED 27,000 a yearRenewal, May 2023: AED 32,000 a yearRenewal, May 2024: AED 35,200 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 119 sits

All 31 studios →

119 last sold in May 2024 at AED 1,110 per sqft, 36% above what studios in Glitz Residence 1 were fetching at the time (AED 817). 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. 119's AED 35,200 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
2 May 2025530,000
5 Feb 2024175,000
23 Oct 2023490,000
18 Jul 2023380,000
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

119, Glitz Residence 1 in numbers

  • Sold twice: first on 7 May 2015 for AED 468,837, last on 20 May 2024 for AED 499,999 (AED 1,110 per sqft).
  • Rented since February 2018 on 4 Ejari contracts. The rent fell from AED 40,000 to AED 27,000 in 2022 and recovered to AED 35,200 by May 2024.
  • At AED 35,200 a year the gross yield on the 2024 price is 7.0%, before a service charge of about AED 7,600 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 20 May 2024.

Questions about 119, Glitz Residence 1

What did unit 119 last sell for?

AED 499,999 on 20 May 2024: AED 1,110 per sqft for 450 sqft. The unit has 2 registered sales; the first was AED 468,837 in May 2015.

What is the rent for unit 119?

AED 35,200 a year on the contract renewed on 10 May 2024. The previous contract, from May 2023, was AED 32,000; the unit has been rented since February 2018.

How big is unit 119?

450 sqft (41.8 sqm): a studio on the 1st floor of a 8-storey tower completed in 2017.

What is unit 119 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.

Selling 119? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 119, Glitz Residence 1

Starts from the last sale price (AED 500K, 20 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 499,999
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

Plus AED 23,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →