1-bed · 739 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 5th floor · completed 2017

506, Glitz Residence 3 Tower 1

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

Unit 506 · DLD and Ejari recordsUpdated 31 July 2024

Last soldAED 630K31 July 2024

Current rentAED 42K /yr23 April 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 506, Glitz Residence 3 Tower 1

Today

What is 506 worth today?

Last sold for AED 630,000 in 2024

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31 Jul 2024

31 Jul 2024SoldReady

AED 630,000AED 852 per sqft

23 Apr 2023

23 Apr 2023RentedRenewal

AED 41,800/yr12 months · AED 57 per sqft

23 Apr 2022

23 Apr 2022RentedRenewal

AED 38,000/yr12 months · AED 51 per sqft

23 Mar 2021

23 Mar 2021RentedNew contract

AED 34,000/yr13 months · AED 46 per sqft

23 Nov 2019

23 Nov 2019RentedNew contract

AED 45,000/yr12 months · AED 61 per sqft

23 Nov 2018

23 Nov 2018RentedNew contract

AED 50,000/yr12 months · AED 67 per sqft

25 Oct 2015

25 Oct 2015Sold by developerOff-plan

AED 820,000AED 1,109 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 July 2024.

Key facts

Type: 1-bed apartment
Size: 739 sqft
Floor: 5th of 8
Parking: B-279
Developer: Danube Properties Development
Completed: 2017
Service charge: AED 11,600 /yr
Last sold: AED 630K · July 2024
Building: Glitz Residence 3 Tower 1

About 506, Glitz Residence 3 Tower 1

506 is a one-bedroom apartment of 739 sqft on the 5th floor of Glitz Residence 3 Tower 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 31 July 2024 for AED 630,000, or AED 852 per sqft, 11% above the AED 765 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 23 April 2023, is AED 41,800 a year: a gross yield of 6.6% on the 2024 price, before the service charge of about AED 11,600 a year.

Sales and rents for 506 over time

Sales

Unit 506, each saleTypical one-bed in Glitz Residence 3 Tower 1

506 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 506, each contractTypical one-bed in Glitz Residence 3 Tower 1

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 3 Tower 1, and where 506 sits

All 75 1-beds →

1-beds in Glitz Residence 3 Tower 1 · last 12 months1,101 /sqft Glitz Residence 3 Tower 1 · all types960 /sqft

506 last sold in July 2024 at AED 852 per sqft, 11% above what one-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 765). Over the last 12 months one-beds sold for AED 770,000 to 780,000, around AED 1,101 per sqft, and rent for AED 52,800 to 63,000 a year. 506's AED 41,800 is at the bottom of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
19 Dec 202519 December 2025	739 sqft	770,000	1,042
14 Jul 202514 July 2025	672 sqft	743,000	1,105
4 Jul 20254 July 2025	739 sqft	710,000	960
18 Jun 202518 June 2025	672 sqft	735,000	1,093

2 1-bed 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 5th floor

All 176 units in Glitz Residence 3 Tower 1


501	3-bed	1,354 sqft	AED 1.35MAED 1,350,000 · Oct 2015October 2015	110,000 /yr
502	Studio	443 sqft	AED 400KAED 400,000 · Nov 2023November 2023	36,735 /yr
503	1-bed	743 sqft	AED 820KAED 820,000 · Oct 2015October 2015	63,000 /yr
504	2-bed	1,293 sqft	AED 1.16MAED 1,164,706 · Dec 2019December 2019	71,491 /yr
505	2-bed	1,152 sqft	AED 1.11MAED 1,105,000 · Jul 2015July 2015	75,000 /yr
507	1-bed	739 sqft	AED 820KAED 820,000 · Oct 2015October 2015	63,000 /yr
508	1-bed	672 sqft	AED 786KAED 786,000 · Jul 2015July 2015	60,000 /yr
509	2-bed	1,242 sqft	AED 1.21MAED 1,210,000 · Oct 2016October 2016	88,000 /yr
510	1-bed	779 sqft	AED 753KAED 753,000 · Feb 2023February 2023	55,000 /yr
511	2-bed	1,162 sqft	AED 1.1MAED 1,095,000 · Oct 2015October 2015	85,378 /yr
512	2-bed	1,161 sqft	AED 1.1MAED 1,095,000 · Sep 2015September 2015	95,000 /yr
513	3-bed	1,350 sqft	AED 850KAED 850,000 · Aug 2022August 2022	60,000 /yr
514	1-bed	820 sqft	AED 895KAED 895,000 · Sep 2015September 2015	52,800 /yr
515	1-bed	666 sqft	AED 786KAED 786,000 · Sep 2015September 2015
516	1-bed	739 sqft	AED 820KAED 820,000 · Oct 2015October 2015	70,000 /yr
517	1-bed	739 sqft	AED 650KAED 650,000 · Oct 2018October 2018
518	1-bed	672 sqft	AED 670KAED 670,000 · Feb 2025February 2025	52,000 /yr
519		433 sqft	AED 515KAED 515,000 · Aug 2025August 2025	54,000 /yr
520	2-bed	1,150 sqft	AED 1.09MAED 1,085,000 · Oct 2015October 2015	70,000 /yr
521	2-bed	1,134 sqft	AED 1.09MAED 1,085,000 · Oct 2015October 2015	83,000 /yr
522	2-bed	1,166 sqft	AED 1.16MAED 1,160,000 · Oct 2015October 2015

1–7 of 21

506, Glitz Residence 3 Tower 1 in numbers

Sold twice: first on 25 October 2015 for AED 820,000, last on 31 July 2024 for AED 630,000 (AED 852 per sqft).
Rented since November 2018 on 5 Ejari contracts. The rent fell from AED 50,000 to AED 34,000 in 2021 and recovered to AED 41,800 by April 2023.
At AED 41,800 a year the gross yield on the 2024 price is 6.6%, before a service charge of about AED 11,600 a year (AED 15.66 per sqft).
One-beds in Glitz Residence 3 Tower 1 sold for AED 770,000–780,000 in the 12 months to November 2026; the building's median across all types is AED 960 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 31 July 2024.

Questions about 506, Glitz Residence 3 Tower 1

What did unit 506 last sell for?

AED 630,000 on 31 July 2024: AED 852 per sqft for 739 sqft. The unit has 2 registered sales; the first was AED 820,000 in October 2015.

What is the rent for unit 506?

AED 41,800 a year on the contract renewed on 23 April 2023. The previous contract, from April 2022, was AED 38,000; the unit has been rented since November 2018.

How big is unit 506?

739 sqft (68.7 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.

What is unit 506 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 3 Tower 1 sold for AED 770,000 to 780,000 in the last 12 months, around AED 1,101 per sqft.

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Mortgage on 506, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 630K, 31 July 2024). Switch to today's estimate once you have unlocked it.

Price: AED 630,000
Deposit, UAE resident (20%): AED 126,000
Deposit, non-resident (40%): AED 252,000
Monthly over 25 years at 3.7%: AED 2,578

Plus AED 31,470 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →