What is the rental yield in Glitz Residence 3 -Tower 1?

Glitz Residence 3 -Tower 1 returns 8.05% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 89 rental contracts registered in the last 24 months.

How much does a 1 bedroom in Glitz Residence 3 -Tower 1 cost?

The median registered sale price is AED 739,000 (1,004 AED/sqft), from 18 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in Glitz Residence 3 -Tower 1 selling for right now?

Registered sales of ready units in Glitz Residence 3 -Tower 1 over the last 12 months have a median of 1,049 AED/sqft, across 7 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in Glitz Residence 3 -Tower 1 risen or fallen?

Median price per square foot moved +9.2% over the last 12 months against the 12 before it, on 18 registered sales. On a sample this size, read the direction rather than the exact figure.

Does Glitz Residence 3 -Tower 1 earn more short-let than long-let?

A night asks a median of AED 440, which models to 13.00% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 8.05% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.

Glitz Residence 3 -Tower 1 — sale prices & yield

Buy: 739,000AED; AED 1,049/sqft
Long-let: 8.05%; AED 62,000/yr
Short-let: 13.00%; AED 440/night · 0.60/sqft

Price per sqft: Median of 7 registered sales of ready units in the last 12 months, most recent April 2026.

Priced off the last 5 sales — most recent April 2026.

Yield spread: -0.0 pts; vs the Dubai Studio City median for this unit type
Turnover upside: +6.9%; new tenants pay more than sitting ones — 131 renewals
AED/yr/sqft: AED 84
Sales: 18
Rental contracts: 89
Renewal rent: AED 58,000/yr

12 months: +9.2%

Based on 18 sales and 89 rental contracts in the last 24 months. Rental data covers the whole Glitz Residence 3 project, not this tower alone.

Glitz Residence 3 -Tower 1 is an apartment building in Dubai Studio City, Dubai, one of the towers in the Glitz Residence 3 development. The closest metro station is Dubai Internet City and the nearest landmark Motor City. Land Department records for it run from 2015 to 2026, 544 registered sales in all — the 18 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in Glitz Residence 3 -Tower 1, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
Studio	AED 487,500	1113	8.54% +0.1 pts	+21.8%	6
1 bed	AED 739,000	1004	8.05% -0.0 pts	+9.2%	18
2 bed	AED 1.12M	964	7.52% -0.0 pts	-3.1%	11
3 bed	AED 1.38M	1022	8.21%	+0.3%	4

Deltas compare each yield with the Dubai Studio City median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around Glitz Residence 3 -Tower 1

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
Studio500m	473	1.08	AED 109,361	AED 44,000	2.5×	22.43%	3+
1 bed500m	440	0.60	AED 96,093	AED 62,000	1.5×	13.00%	11+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because Glitz Residence 3 -Tower 1 itself had too few listings of that type to measure.

Off-plan vs resale

Units sold off-plan in Glitz Residence 3 -Tower 1 between 2015 and 2018 went for a median of AED 1,090/sqft (AED 845,000). The same building resells today at AED 992/sqft (AED 765,000) — an uplift of -9.5%.

Based on 182 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

19 resales in the last 12 months, against 17 a year on average over 2023–2025.

Sales

Nothing registered in the last 3 months. Try a wider window.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

Nearby

Metro: Dubai Internet City
Landmark: Motor City

Compare with nearby buildings

The most-traded buildings in Glitz Residence 3, on the same figures over the same window.

Highest rental yields in Dubai Studio City · Glitz Residence 3 -Tower 1 places 12th of 12

Glitz Residence 3 -Tower 2 · 9.08%
Azizi Mirage 1 · 9.42%
The First Collection at Dubai Studio City
AZIZI Mirage 1 - TOWER 2 · 9.33%
Verano by Prescott
Beach Oasis 2 - Tower B
Beach Oasis 2 - Tower A
Azizi Vista · 7.50%

Common questions

What is the rental yield in Glitz Residence 3 -Tower 1?: Glitz Residence 3 -Tower 1 returns 8.05% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 89 rental contracts registered in the last 24 months.
How much does a 1 bedroom in Glitz Residence 3 -Tower 1 cost?: The median registered sale price is AED 739,000 (1,004 AED/sqft), from 18 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Glitz Residence 3 -Tower 1 selling for right now?: Registered sales of ready units in Glitz Residence 3 -Tower 1 over the last 12 months have a median of 1,049 AED/sqft, across 7 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Glitz Residence 3 -Tower 1 risen or fallen?: Median price per square foot moved +9.2% over the last 12 months against the 12 before it, on 18 registered sales. On a sample this size, read the direction rather than the exact figure.
Does Glitz Residence 3 -Tower 1 earn more short-let than long-let?: A night asks a median of AED 440, which models to 13.00% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 8.05% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.

Glitz Residence 3 -Tower 1