3-bed · 1,647 sqftGlitz Residence 2, Dubai Studio City · 5th floor · completed 2017

510, Glitz Residence 2

Sold prices and rental history: sold twice, last in April 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 22 April 2024
Last soldAED 1.2M22 April 2024
Current rentAED 86K /yr8 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Glitz Residence 2

What is 510 worth today?

Last sold for AED 1,200,000 in 2024

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22 Apr 2024SoldReady
AED 1,200,000AED 728 per sqft
8 Jun 2022RentedNew contract
AED 86,000/yr12 months · AED 52 per sqft
30 Mar 2020RentedNew contract
AED 85,000/yr12 months · AED 52 per sqft
7 Jun 2015Sold by developerOff-plan
AED 1,495,000AED 907 per sqft

Source: Dubai Land Department. Updated 22 April 2024.

Key facts

Type
3-bed apartment
Size
1,647 sqft
Floor
5th of 8
Parking
B-147, B-148
Developer
Danube Properties Development
Completed
2017
Service charge
AED 27,300 /yr
Last sold
AED 1.2M · April 2024

About 510, Glitz Residence 2

510 is a three-bedroom apartment of 1,647 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 22 April 2024 for AED 1,200,000, or AED 728 per sqft.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 8 June 2022, is AED 86,000 a year: a gross yield of 7.2% on the 2024 price, before the service charge of about AED 27,300 a year.

Sales and rents for 510 over time

Rents
Unit 510, each contractTypical three-bed in Glitz Residence 2
80K100K2018202120242027Typical 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, March 2020: AED 85,000 a yearNew contract, June 2022: AED 86,000 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 510 sits

All 14 3-beds →

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. 510's AED 86,000 is in the lower half 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
1 Jul 2021850,000
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 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
5042-bedAED 710K · Jun 2021
505StudioAED 535K · Jun 2017
5061-bedAED 770K · Jun 2015
5071-bedAED 820K · Sep 2015
1–7 of 17

510, Glitz Residence 2 in numbers

  • Sold twice: first on 7 June 2015 for AED 1,495,000, last on 22 April 2024 for AED 1,200,000 (AED 728 per sqft).
  • Rented since March 2020 on 2 Ejari contracts, from AED 85,000 to AED 86,000 a year.
  • At AED 86,000 a year the gross yield on the 2024 price is 7.2%, 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 22 April 2024.

Questions about 510, Glitz Residence 2

What did unit 510 last sell for?

AED 1,200,000 on 22 April 2024: AED 728 per sqft for 1,647 sqft. The unit has 2 registered sales; the first was AED 1,495,000 in June 2015.

What is the rent for unit 510?

AED 86,000 a year on the contract signed on 8 June 2022. The previous contract, from March 2020, was AED 85,000.

How big is unit 510?

1,647 sqft (153.0 sqm): a three-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.

What is unit 510 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 510, Glitz Residence 2

Starts from the last sale price (AED 1.2M, 22 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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