514, Glitz Residence 1
Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 514, Glitz Residence 1
What is 514 worth today?
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Source: Dubai Land Department. Updated 5 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 490 sqft
- Floor
- 5th of 8
- Parking
- B-41
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 8,300 /yr
- Last sold
- AED 513K · August 2015
- Building
- Glitz Residence 1
About 514, Glitz Residence 1
514 is a studio of 490 sqft on the 5th 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 10 August 2015 for AED 513,191, or AED 1,047 per sqft, in line with the AED 1,041 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 5 September 2025, is AED 48,000 a year: a gross yield of 9.3% on the 2015 price, before the service charge of about AED 8,300 a year.
Sales and rents for 514 over time
514 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 514 sits
All 31 studios →514 last sold in August 2015 at AED 1,047 per sqft, in line with what studios in Glitz Residence 1 were fetching at the time (AED 1,041). 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. 514'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 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 | |
| 507 | 1-bed | 739 sqft | AED 430KAED 430,000 · Oct 2020October 2020 | 64,000 /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 | |
| 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 |
514, Glitz Residence 1 in numbers
- Sold once: by Danube Properties Development on 10 August 2015 for AED 513,191, or AED 1,047 per sqft.
- Rented since December 2017 on 8 Ejari contracts. The rent fell from AED 51,600 to AED 28,000 in 2021 and recovered to AED 48,000 by September 2025.
- At AED 48,000 a year the gross yield on the 2015 price is 9.3%, before a service charge of about AED 8,300 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 5 September 2025.
Questions about 514, Glitz Residence 1
What did unit 514 last sell for?
AED 513,191 on 10 August 2015, sold by the developer: AED 1,047 per sqft for 490 sqft. It is the only registered sale of the unit.
What is the rent for unit 514?
AED 48,000 a year on the contract signed on 5 September 2025. The previous contract, from May 2024, was AED 39,000; the unit has been rented since December 2017.
How big is unit 514?
490 sqft (45.5 sqm): a studio on the 5th floor of a 8-storey tower completed in 2017.
What is unit 514 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 514, Glitz Residence 1
Starts from the last sale price (AED 513K, 10 August 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 513,191
- Deposit, UAE resident (20%)
- AED 102,638
- Deposit, non-resident (40%)
- AED 205,276
- Monthly over 25 years at 3.7%
- AED 2,100
Plus AED 26,564 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →