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Studio · 443 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 4th floor · completed 2017

402, Glitz Residence 3 Tower 1

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 18 September 2024
Last soldAED 485K25 October 2015
Current rentAED 40K /yr18 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Glitz Residence 3 Tower 1

What is 402 worth today?

Last sold for AED 485,000 in 2015

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18 Sep 2024RentedNew contract
AED 40,000/yr12 months · AED 91 per sqft
1 Nov 2023RentedRenewal
AED 30,618/yr10 months · AED 69 per sqft
1 Nov 2022RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
15 Apr 2021RentedNew contract
AED 24,000/yr12 months · AED 54 per sqft
2 Oct 2018RentedNew contract
AED 38,000/yr12 months · AED 86 per sqft
25 Oct 2015Sold by developerOff-plan
AED 485,000AED 1,096 per sqft

Source: Dubai Land Department. Updated 18 September 2024.

Key facts

Type
Studio apartment
Size
443 sqft
Floor
4th of 8
Parking
B-447
Developer
Danube Properties Development
Completed
2017
Service charge
AED 6,900 /yr
Last sold
AED 485K · October 2015
Building
Glitz Residence 3 Tower 1

About 402, Glitz Residence 3 Tower 1

402 is a studio of 443 sqft on the 4th 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 25 October 2015 for AED 485,000, or AED 1,096 per sqft, in line with the AED 1,096 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 18 September 2024, is AED 40,000 a year: a gross yield of 8.3% on the 2015 price, before the service charge of about AED 6,900 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical studio in Glitz Residence 3 Tower 1
400K450K500K2015201820212024Typical sale price by year: 2015 AED 480,000; 2023 AED 390,000Sold by developer, October 2015: AED 485,000 (AED 1,096 per sqft)

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

Rents
Unit 402, each contractTypical studio in Glitz Residence 3 Tower 1
30K40K20182020202220242026Typical 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, October 2018: AED 38,000 a yearNew contract, April 2021: AED 24,000 a yearNew contract, November 2022: AED 30,000 a yearRenewal, November 2023: AED 30,618 a yearNew contract, September 2024: AED 40,000 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 402 sits

All 14 studios →

402 last sold in October 2015 at AED 1,096 per sqft, in line with what studios in Glitz Residence 3 Tower 1 were fetching at the time (AED 1,096). 402's AED 40,000 is at the bottom 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 4th floor

All 176 units in Glitz Residence 3 Tower 1
Value
4013-bedAED 1.35M · Oct 2015
4031-bedAED 820K · Jul 2015
4042-bedAED 1.25M · Oct 2015
4052-bedAED 1.1M · May 2016
4061-bedAED 820K · Sep 2015
4071-bedAED 820K · Oct 2015
4081-bedAED 786K · Sep 2015
1–7 of 21

402, Glitz Residence 3 Tower 1 in numbers

  • Sold once: by Danube Properties Development on 25 October 2015 for AED 485,000, or AED 1,096 per sqft.
  • Rented since October 2018 on 5 Ejari contracts. The rent fell from AED 38,000 to AED 24,000 in 2021 and recovered to AED 40,000 by September 2024.
  • At AED 40,000 a year the gross yield on the 2015 price is 8.3%, before a service charge of about AED 6,900 a year (AED 15.66 per sqft).

Source: Dubai Land Department. Updated 18 September 2024.

Questions about 402, Glitz Residence 3 Tower 1

What did unit 402 last sell for?

AED 485,000 on 25 October 2015, sold by the developer: AED 1,096 per sqft for 443 sqft. It is the only registered sale of the unit.

What is the rent for unit 402?

AED 40,000 a year on the contract signed on 18 September 2024. The previous contract, from November 2023, was AED 30,618; the unit has been rented since October 2018.

How big is unit 402?

443 sqft (41.2 sqm): a studio on the 4th floor of a 8-storey tower completed in 2017.

What is unit 402 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 402, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 485K, 25 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 485,000
Deposit, UAE resident (20%)
AED 97,000
Deposit, non-resident (40%)
AED 194,000
Monthly over 25 years at 3.7%
AED 1,984

Plus AED 23,280 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →