507, Glitz Residence 1
Sold prices and rental history: sold twice, last in October 2020, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Glitz Residence 1
What is 507 worth today?
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Source: Dubai Land Department. Updated 10 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 739 sqft
- Floor
- 5th of 8
- Parking
- B-61
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 12,500 /yr
- Last sold
- AED 430K · October 2020
- Building
- Glitz Residence 1
About 507, Glitz Residence 1
507 is a one-bedroom apartment of 739 sqft on the 5th floor of Glitz Residence 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 13 October 2020 for AED 430,000, or AED 581 per sqft, 5% below the AED 610 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 10 December 2024, is AED 64,000 a year: a gross yield of 14.9% on the 2020 price, before the service charge of about AED 12,500 a year.
Sales and rents for 507 over time
507 has sold twice; the dashed line is the one-bed median of each year in the building.
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 507 sits
All 64 1-beds →507 last sold in October 2020 at AED 581 per sqft, 5% below what one-beds in Glitz Residence 1 were fetching at the time (AED 610). 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. 507's AED 64,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Jan 20266 January 2026 | 762 sqft | 760,000 | 997 | ||
| 24 Jul 202524 July 2025 | 739 sqft | 720,000 | 973 | ||
| 19 Mar 202519 March 2025 | 785 sqft | 730,000 | 929 | ||
| 17 Feb 202517 February 2025 | 672 sqft | 652,000 | 970 |
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 5th floor
All 146 units in Glitz Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 786 sqft | AED 480KAED 480,000 · Aug 2022August 2022 | 72,000 /yr | |
| 502 | Studio | 465 sqft | AED 360KAED 360,000 · Feb 2023February 2023 | 43,500 /yr | |
| 503 | 2-bed | 1,200 sqft | AED 1.07MAED 1,074,120 · Jun 2015June 2015 | 85,470 /yr | |
| 504 | 2-bed | 1,196 sqft | AED 1.09MAED 1,091,550 · Aug 2015August 2015 | 69,300 /yr | |
| 505 | Studio | 490 sqft | AED 390KAED 390,000 · Sep 2021September 2021 | 38,000 /yr | |
| 506 | 1-bed | 672 sqft | AED 652KAED 652,000 · Feb 2025February 2025 | 44,000 /yr | |
| 508 | 1-bed | 674 sqft | AED 748KAED 748,358 · Apr 2015April 2015 | 60,000 /yr | |
| 509 | 3-bed | 1,647 sqft | AED 1.49MAED 1,487,708 · Aug 2015August 2015 | 114,000 /yr | |
| 510 | 3-bed | 1,647 sqft | AED 1.49MAED 1,487,708 · Aug 2015August 2015 | ||
| 511 | 1-bed | 675 sqft | AED 400KAED 400,000 · Aug 2021August 2021 | 60,000 /yr | |
| 512 | 1-bed | 739 sqft | AED 808KAED 808,285 · Aug 2015August 2015 | 41,000 /yr | |
| 513 | 1-bed | 674 sqft | AED 748KAED 748,358 · Aug 2015August 2015 | 50,715 /yr | |
| 514 | Studio | 490 sqft | AED 513KAED 513,191 · Aug 2015August 2015 | 48,000 /yr | |
| 515 | 599 sqft | AED 1.09MAED 1,091,550 · Jul 2015July 2015 | 66,150 /yr | ||
| 516 | 2-bed | 1,175 sqft | AED 537KAED 537,060 · Apr 2018April 2018 | ||
| 517 | Studio | 451 sqft | AED 510KAED 510,000 · May 2017May 2017 | 47,000 /yr | |
| 518 | 1-bed | 762 sqft | AED 760KAED 760,000 · Jan 2026January 2026 | 73,000 /yr |
507, Glitz Residence 1 in numbers
- Sold twice: first on 21 April 2015 for AED 808,285, last on 13 October 2020 for AED 430,000 (AED 581 per sqft).
- Rented since March 2018 on 5 Ejari contracts. The rent fell from AED 55,000 to AED 38,000 in 2020 and recovered to AED 64,000 by December 2024.
- At AED 64,000 a year the gross yield on the 2020 price is 14.9%, before a service charge of about AED 12,500 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 10 December 2024.
Questions about 507, Glitz Residence 1
What did unit 507 last sell for?
AED 430,000 on 13 October 2020: AED 581 per sqft for 739 sqft. The unit has 2 registered sales; the first was AED 808,285 in April 2015.
What is the rent for unit 507?
AED 64,000 a year on the contract renewed on 10 December 2024. The previous contract, from December 2023, was AED 60,000; the unit has been rented since March 2018.
How big is unit 507?
739 sqft (68.7 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.
What is unit 507 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 507, Glitz Residence 1
Starts from the last sale price (AED 430K, 13 October 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 430,000
- Deposit, UAE resident (20%)
- AED 86,000
- Deposit, non-resident (40%)
- AED 172,000
- Monthly over 25 years at 3.7%
- AED 1,759
Plus AED 20,970 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →