3-bed · 1,647 sqftGlitz Residence 2, Dubai Studio City · 2nd floor · completed 2017

209, Glitz Residence 2

Sold prices and rental history: sold twice, last in July 2021, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 209 · DLD and Ejari recordsUpdated 15 July 2022
Last soldAED 850K1 July 2021
Current rentAED 75K /yr15 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 209, Glitz Residence 2

What is 209 worth today?

Last sold for AED 850,000 in 2021

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15 Jul 2022RentedRenewal
AED 75,000/yr12 months · AED 46 per sqft
15 Jul 2021RentedNew contract
AED 67,200/yr12 months · AED 41 per sqft
1 Jul 2021SoldReady
AED 850,000AED 515 per sqft
15 Jul 2020RentedNew contract
AED 64,000/yr12 months · AED 39 per sqft
18 Feb 2019RentedRenewal
AED 90,000/yr12 months · AED 55 per sqft
18 Feb 2018RentedNew contract
AED 90,000/yr12 months · AED 55 per sqft
19 Apr 2015Sold by developerOff-plan
AED 1,495,000AED 907 per sqft

Source: Dubai Land Department. Updated 15 July 2022.

Key facts

Type
3-bed apartment
Size
1,647 sqft
Floor
2nd of 8
Parking
B-37, B-38
Developer
Danube Properties Development
Completed
2017
Service charge
AED 27,300 /yr
Last sold
AED 850K · July 2021

About 209, Glitz Residence 2

209 is a three-bedroom apartment of 1,647 sqft on the 2nd floor of Glitz Residence 2, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 1 July 2021 for AED 850,000, or AED 515 per sqft, 12% below the AED 586 three-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 15 July 2022, is AED 75,000 a year: a gross yield of 8.8% on the 2021 price, before the service charge of about AED 27,300 a year.

Sales and rents for 209 over time

Rents
Unit 209, each contractTypical three-bed in Glitz Residence 2
60K80K100K2018202120242027Typical rent by year: 2018 AED 97,737; 2019 AED 90,000; 2020 AED 85,000; 2021 AED 71,000; 2022 AED 80,000; 2023 AED 81,000; 2024 AED 85,000; 2025 AED 95,000; 2026 AED 103,750New contract, February 2018: AED 90,000 a yearRenewal, February 2019: AED 90,000 a yearNew contract, July 2020: AED 64,000 a yearNew contract, July 2021: AED 67,200 a yearRenewal, July 2022: AED 75,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Glitz Residence 2, and where 209 sits

All 14 3-beds →

209 last sold in July 2021 at AED 515 per sqft, 12% below what three-beds in Glitz Residence 2 were fetching at the time (AED 586). Over the last 12 months three-beds sold for AED 1,500,000 to 1,650,000, around AED 956 per sqft, and rent for AED 85,000 to 120,000 a year. 209's AED 75,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Sep 20261,650,000
27 Apr 20261,500,000
27 Mar 20251,300,000
22 Apr 20241,200,000
2 3-bed sales in the last 12 months

Glitz Residence 2

Building

146 apartments, studios to 3-bed over 8 floors in Dubai Studio City, completed in 2017 by Danube Properties Development. 7 sold in the last 12 months.

Typical price per sqft
AED 1,020
Typical sale
AED 790K
Typical rent
AED 60K /yr
Typical yield
7.9%
Glitz Residence 2, Dubai Studio City: prices, sales and rents →

Other units on the 2nd floor

All 146 units in Glitz Residence 2
Value
2011-bedAED 805K · Sep 2015
202StudioAED 530K · Jan 2026
2032-bedAED 1.09M · Apr 2015
2042-bedAED 1.11M · Sep 2015
205StudioAED 535K · Jun 2015
2061-bedAED 770K · Aug 2015
2071-bedAED 820K · Sep 2015
1–7 of 17

209, Glitz Residence 2 in numbers

  • Sold twice: first on 19 April 2015 for AED 1,495,000, last on 1 July 2021 for AED 850,000 (AED 515 per sqft).
  • Rented since February 2018 on 5 Ejari contracts. The rent fell from AED 90,000 to AED 64,000 in 2020 and recovered to AED 75,000 by July 2022.
  • At AED 75,000 a year the gross yield on the 2021 price is 8.8%, before a service charge of about AED 27,300 a year (AED 16.56 per sqft).
  • Three-beds in Glitz Residence 2 sold for AED 1,500,000–1,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,020 per sqft.

Source: Dubai Land Department. Updated 15 July 2022.

Questions about 209, Glitz Residence 2

What did unit 209 last sell for?

AED 850,000 on 1 July 2021: AED 515 per sqft for 1,647 sqft. The unit has 2 registered sales; the first was AED 1,495,000 in April 2015.

What is the rent for unit 209?

AED 75,000 a year on the contract renewed on 15 July 2022. The previous contract, from July 2021, was AED 67,200; the unit has been rented since February 2018.

How big is unit 209?

1,647 sqft (153.0 sqm): a three-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2017.

What is unit 209 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Glitz Residence 2 sold for AED 1,500,000 to 1,650,000 in the last 12 months, around AED 956 per sqft.

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Mortgage on 209, Glitz Residence 2

Starts from the last sale price (AED 850K, 1 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →