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Studio · 433 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 7th floor · completed 2017

719, Glitz Residence 3 Tower 1

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

Unit 719 · DLD and Ejari recordsUpdated 31 May 2020
Last soldAED 475K29 October 2015
Current rentAED 6K /yr31 May 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 719, Glitz Residence 3 Tower 1

What is 719 worth today?

Last sold for AED 475,000 in 2015

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31 May 2020RentedRenewal · flagged as an outlier
AED 6,327/yr72 months · AED 15 per sqft
15 May 2019RentedNew contract
AED 30,000/yr12 months · AED 70 per sqft
5 Sep 2018RentedNew contract
AED 38,000/yr12 months · AED 88 per sqft
29 Oct 2015Sold by developerOff-plan
AED 475,000AED 1,095 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 May 2020.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
7th of 8
Parking
B-30
Developer
Danube Properties Development
Completed
2017
Service charge
AED 6,800 /yr
Last sold
AED 475K · October 2015
Building
Glitz Residence 3 Tower 1

About 719, Glitz Residence 3 Tower 1

719 is a studio of 433 sqft on the 7th 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 29 October 2015 for AED 475,000, or AED 1,095 per sqft, in line with the AED 1,096 studios in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 31 May 2020, is AED 6,327 a year: a gross yield of 1.3% on the 2015 price, before the service charge of about AED 6,800 a year.

Sales and rents for 719 over time

Sales
Unit 719, each saleTypical studio in Glitz Residence 3 Tower 1
400K450K2015201820212024Typical sale price by year: 2015 AED 480,000; 2023 AED 390,000Sold by developer, October 2015: AED 475,000 (AED 1,095 per sqft)

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

Rents
Unit 719, 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, September 2018: AED 38,000 a yearNew contract, May 2019: AED 30,000 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 719 sits

All 14 studios →

719 last sold in October 2015 at AED 1,095 per sqft, in line with what studios in Glitz Residence 3 Tower 1 were fetching at the time (AED 1,096). 719's AED 6,327 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 7th floor

All 176 units in Glitz Residence 3 Tower 1
Value
7013-bedAED 1.35M · Sep 2016
702StudioAED 460K · Feb 2025
7031-bedAED 650K · Aug 2024
7042-bedAED 1.25M · Jul 2016
7052-bedAED 1.11M · Jan 2017
7061-bedAED 820K · Oct 2016
7071-bedAED 650K · Dec 2024
1–7 of 21

719, Glitz Residence 3 Tower 1 in numbers

  • Sold once: by Danube Properties Development on 29 October 2015 for AED 475,000, or AED 1,095 per sqft.
  • Rented since September 2018 on 3 Ejari contracts, from AED 38,000 to AED 6,327 a year.
  • At AED 6,327 a year the gross yield on the 2015 price is 1.3%, 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 31 May 2020.

Questions about 719, Glitz Residence 3 Tower 1

What did unit 719 last sell for?

AED 475,000 on 29 October 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 719?

AED 6,327 a year on the contract renewed on 31 May 2020. The previous contract, from May 2019, was AED 30,000; the unit has been rented since September 2018.

How big is unit 719?

433 sqft (40.2 sqm): a studio on the 7th floor of a 8-storey tower completed in 2017.

What is unit 719 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 719, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 475K, 29 October 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 →