2-bed · 1,196 sqftGlitz Residence 2, Dubai Studio City · 5th floor · completed 2017

504, Glitz Residence 2

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

Unit 504 · DLD and Ejari recordsUpdated 17 June 2021
Last soldAED 710K17 June 2021
Current rentAED 50K /yr13 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Glitz Residence 2

What is 504 worth today?

Last sold for AED 710,000 in 2021

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17 Jun 2021SoldReady
AED 710,000AED 593 per sqft
13 Jun 2020RentedNew contract
AED 50,000/yr13 months · AED 42 per sqft
5 Jan 2019RentedNew contract
AED 70,000/yr12 months · AED 59 per sqft
15 Feb 2018RentedNew contract
AED 75,000/yr12 months · AED 63 per sqft
27 Apr 2015Sold by developerOff-plan
AED 1,105,000AED 924 per sqft

Source: Dubai Land Department. Updated 17 June 2021.

Key facts

Type
2-bed apartment
Size
1,196 sqft
Floor
5th of 8
Parking
B-112, B-113
Developer
Danube Properties Development
Completed
2017
Service charge
AED 19,800 /yr
Last sold
AED 710K · June 2021

About 504, Glitz Residence 2

504 is a two-bedroom apartment of 1,196 sqft on the 5th floor of Glitz Residence 2, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 17 June 2021 for AED 710,000, or AED 593 per sqft.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 13 June 2020, is AED 50,000 a year: a gross yield of 7.0% on the 2021 price, before the service charge of about AED 19,800 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical two-bed in Glitz Residence 2
800K1M2015201820212024Typical sale price by year: 2015 AED 1,105,000; 2018 AED 1,118,813; 2023 AED 830,000; 2024 AED 950,000Sold by developer, April 2015: AED 1,105,000 (AED 924 per sqft)Sold, June 2021: AED 710,000 (AED 593 per sqft)

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

Rents
Unit 504, each contractTypical two-bed in Glitz Residence 2
60K80K2018202120242027Typical rent by year: 2018 AED 75,000; 2019 AED 72,000; 2020 AED 57,000; 2021 AED 54,000; 2022 AED 58,000; 2023 AED 65,000; 2024 AED 75,600; 2025 AED 80,881; 2026 AED 82,000New contract, February 2018: AED 75,000 a yearNew contract, January 2019: AED 70,000 a yearNew contract, June 2020: AED 50,000 a year

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

2-beds in Glitz Residence 2, and where 504 sits

All 32 2-beds →

Over the last 12 months two-beds sold for AED 1,075,000, around AED 914 per sqft, and rent for AED 70,400 to 94,000 a year. 504's AED 50,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Nov 20251,075,000
20 Jun 20241,025,000
20 May 2024950,000
16 Jan 2024900,000
1 2-bed sale 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 5th floor

All 146 units in Glitz Residence 2
Value
5011-bedAED 805K · Aug 2015
502StudioAED 505K · Aug 2015
5032-bedAED 1.09M · Aug 2015
505StudioAED 535K · Jun 2017
5061-bedAED 770K · Jun 2015
5071-bedAED 820K · Sep 2015
5081-bedAED 770K · Aug 2015
1–7 of 17

504, Glitz Residence 2 in numbers

  • Sold twice: first on 27 April 2015 for AED 1,105,000, last on 17 June 2021 for AED 710,000 (AED 593 per sqft).
  • Rented since February 2018 on 3 Ejari contracts, from AED 75,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2021 price is 7.0%, before a service charge of about AED 19,800 a year (AED 16.56 per sqft).
  • Two-beds in Glitz Residence 2 sold for AED 1,075,000–1,075,000 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 17 June 2021.

Questions about 504, Glitz Residence 2

What did unit 504 last sell for?

AED 710,000 on 17 June 2021: AED 593 per sqft for 1,196 sqft. The unit has 2 registered sales; the first was AED 1,105,000 in April 2015.

What is the rent for unit 504?

AED 50,000 a year on the contract signed on 13 June 2020. The previous contract, from January 2019, was AED 70,000; the unit has been rented since February 2018.

How big is unit 504?

1,196 sqft (111.1 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.

What is unit 504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Glitz Residence 2 sold for AED 1,075,000 to 1,075,000 in the last 12 months, around AED 914 per sqft.

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Mortgage on 504, Glitz Residence 2

Starts from the last sale price (AED 710K, 17 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 710,000
Deposit, UAE resident (20%)
AED 142,000
Deposit, non-resident (40%)
AED 284,000
Monthly over 25 years at 3.7%
AED 2,905

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