Studio · 433 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 1st floor · completed 2017

119, Glitz Residence 3 Tower 1

Sold prices and rental history: sold once, by the developer in July 2015, 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 22 September 2025
Last soldAED 475K26 July 2015
Current rentAED 50K /yr22 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 119, Glitz Residence 3 Tower 1

What is 119 worth today?

Last sold for AED 475,000 in 2015

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22 Sep 2025RentedNew contract
AED 50,000/yr12 months · AED 115 per sqft
27 Feb 2025RentedNew contract
AED 44,000/yr12 months · AED 102 per sqft
17 Jan 2025RentedNew contract
AED 45,000/yr12 months · AED 104 per sqft
10 Jun 2024RentedRenewal
AED 41,000/yr12 months · AED 95 per sqft
10 Jun 2023RentedRenewal
AED 28,000/yr12 months · AED 65 per sqft
10 Jun 2022RentedNew contract
AED 25,000/yr12 months · AED 58 per sqft
10 Jun 2021RentedNew contract
AED 22,000/yr12 months · AED 51 per sqft
21 Mar 2020RentedNew contract
AED 30,000/yr12 months · AED 70 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 September 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
1st of 8
Parking
G-21
Developer
Danube Properties Development
Completed
2017
Service charge
AED 6,800 /yr
Last sold
AED 475K · July 2015

About 119, Glitz Residence 3 Tower 1

119 is a studio of 433 sqft on the 1st floor of Glitz Residence 3 Tower 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. The developer sold it on 26 July 2015 for AED 475,000, or AED 1,095 per sqft, in line with the AED 1,095 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 22 September 2025, is AED 50,000 a year: a gross yield of 10.5% on the 2015 price, before the service charge of about AED 6,800 a year.

Sales and rents for 119 over time

Sales
Unit 119, each saleTypical studio in Glitz Residence 3 Tower 1
400K450K2015201820212024Typical sale price by year: 2015 AED 480,000; 2023 AED 390,000Sold by developer, July 2015: AED 475,000 (AED 1,095 per sqft)

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

Rents
Unit 119, each contractTypical studio in Glitz Residence 3 Tower 1
20K40K201820212024Typical rent by year: 2018 AED 38,000; 2019 AED 35,500; 2020 AED 30,000; 2021 AED 24,000; 2022 AED 27,600; 2023 AED 31,309; 2024 AED 36,000; 2025 AED 45,000New contract, August 2018: AED 38,000 a yearNew contract, March 2020: AED 30,000 a yearNew contract, June 2021: AED 22,000 a yearNew contract, June 2022: AED 25,000 a yearRenewal, June 2023: AED 28,000 a yearRenewal, June 2024: AED 41,000 a yearNew contract, January 2025: AED 45,000 a yearNew contract, February 2025: AED 44,000 a yearNew contract, September 2025: AED 50,000 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 3 Tower 1, and where 119 sits

All 14 studios →

119 last sold in July 2015 at AED 1,095 per sqft, in line with what studios in Glitz Residence 3 Tower 1 were fetching at the time (AED 1,095). 119's AED 50,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Feb 2025460,000
7 Nov 2024430,000
30 Oct 2024410,000
29 Nov 2023400,000
0 studio sales in the last 12 months

Glitz Residence 3 Tower 1

Building

176 apartments, studios to 3-bed over 8 floors in Dubai Studio City, completed in 2017 by Danube Properties Development. 6 sold in the last 12 months.

Typical price per sqft
AED 960
Typical sale
AED 1.08M
Typical rent
AED 63K /yr
Typical yield
8.1%
Glitz Residence 3 Tower 1, Dubai Studio City: prices, sales and rents →

Other units on the 1st floor

All 176 units in Glitz Residence 3 Tower 1
Value
1013-bedAED 1.35M · Sep 2015
102StudioAED 480K · Jan 2019
1031-bedAED 450K · Feb 2022
1042-bedAED 1.25M · Mar 2018
1052-bedAED 750K · Aug 2019
1061-bedAED 815K · Oct 2016
1071-bedAED 815K · Oct 2016
1–7 of 21

119, Glitz Residence 3 Tower 1 in numbers

  • Sold once: by Danube Properties Development on 26 July 2015 for AED 475,000, or AED 1,095 per sqft.
  • Rented since August 2018 on 9 Ejari contracts. The rent fell from AED 38,000 to AED 22,000 in 2021 and recovered to AED 50,000 by September 2025.
  • At AED 50,000 a year the gross yield on the 2015 price is 10.5%, before a service charge of about AED 6,800 a year (AED 15.66 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 22 September 2025.

Questions about 119, Glitz Residence 3 Tower 1

What did unit 119 last sell for?

AED 475,000 on 26 July 2015, sold by the developer: AED 1,095 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 119?

AED 50,000 a year on the contract signed on 22 September 2025. The previous contract, from February 2025, was AED 44,000; the unit has been rented since August 2018.

How big is unit 119?

433 sqft (40.2 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.

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Mortgage on 119, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 475K, 26 July 2015). Switch to today's estimate once you have unlocked it.
Price
AED 475,000
Deposit, UAE resident (20%)
AED 95,000
Deposit, non-resident (40%)
AED 190,000
Monthly over 25 years at 3.7%
AED 1,943

Plus AED 22,860 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →