516, Glitz Residence 2
Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Glitz Residence 2
What is 516 worth today?
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Source: Dubai Land Department. Updated 6 April 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,175 sqft
- Floor
- 5th of 8
- Parking
- B-85, B-86
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 19,500 /yr
- Last sold
- AED 1.09M · August 2015
- Building
- Glitz Residence 2
About 516, Glitz Residence 2
516 is a two-bedroom apartment of 1,175 sqft on the 5th floor of Glitz Residence 2, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. The developer sold it on 18 August 2015 for AED 1,090,000, or AED 927 per sqft, in line with the AED 924 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, renewed on 6 April 2026, is AED 82,000 a year: a gross yield of 7.5% on the 2015 price, before the service charge of about AED 19,500 a year.
Sales and rents for 516 over time
516 has sold once; the dashed line is the two-bed median of each year in the building.
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 516 sits
All 32 2-beds →516 last sold in August 2015 at AED 927 per sqft, in line with what two-beds in Glitz Residence 2 were fetching at the time (AED 924). 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. 516's AED 82,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Nov 202511 November 2025 | 1,175 sqft | 1,075,000 | 914 | ||
| 20 Jun 202420 June 2024 | 1,361 sqft | 1,025,000 | 753 | ||
| 20 May 202420 May 2024 | 1,200 sqft | 950,000 | 791 | ||
| 16 Jan 202416 January 2024 | 1,200 sqft | 900,000 | 750 |
Glitz Residence 2
Building146 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%
Other units on the 5th floor
All 146 units in Glitz Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 786 sqft | AED 805KAED 805,000 · Aug 2015August 2015 | 50,936 /yr | |
| 502 | Studio | 465 sqft | AED 505KAED 505,000 · Aug 2015August 2015 | 30,000 /yr | |
| 503 | 2-bed | 1,200 sqft | AED 1.09MAED 1,090,000 · Aug 2015August 2015 | 73,135 /yr | |
| 504 | 2-bed | 1,196 sqft | AED 710KAED 710,000 · Jun 2021June 2021 | 50,000 /yr | |
| 505 | Studio | 490 sqft | AED 535KAED 535,000 · Jun 2017June 2017 | 40,800 /yr | |
| 506 | 1-bed | 672 sqft | AED 770KAED 770,000 · Jun 2015June 2015 | ||
| 507 | 1-bed | 739 sqft | AED 820KAED 820,000 · Sep 2015September 2015 | 55,000 /yr | |
| 508 | 1-bed | 674 sqft | AED 770KAED 770,000 · Aug 2015August 2015 | 57,000 /yr | |
| 509 | 3-bed | 1,647 sqft | AED 1.3MAED 1,300,000 · Mar 2025March 2025 | 84,765 /yr | |
| 510 | 3-bed | 1,647 sqft | AED 1.2MAED 1,200,000 · Apr 2024April 2024 | 86,000 /yr | |
| 511 | 1-bed | 675 sqft | AED 770KAED 770,000 · Aug 2015August 2015 | 60,000 /yr | |
| 512 | 1-bed | 739 sqft | AED 820KAED 820,000 · Sep 2015September 2015 | 62,000 /yr | |
| 513 | 1-bed | 674 sqft | AED 570KAED 570,000 · Feb 2024February 2024 | 62,000 /yr | |
| 514 | Studio | 490 sqft | AED 310KAED 310,000 · Jun 2022June 2022 | 39,930 /yr | |
| 515 | 2-bed | 1,197 sqft | AED 870KAED 870,000 · Oct 2023October 2023 | 86,000 /yr | |
| 517 | Studio | 451 sqft | AED 499KAED 499,000 · Aug 2018August 2018 | 46,500 /yr | |
| 518 | 1-bed | 762 sqft | AED 615KAED 615,000 · Feb 2024February 2024 | 66,000 /yr |
516, Glitz Residence 2 in numbers
- Sold once: by Danube Properties Development on 18 August 2015 for AED 1,090,000, or AED 927 per sqft.
- Rented since March 2018 on 9 Ejari contracts. The rent fell from AED 75,000 to AED 50,000 in 2021 and recovered to AED 82,000 by April 2026.
- At AED 82,000 a year the gross yield on the 2015 price is 7.5%, before a service charge of about AED 19,500 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 6 April 2026.
Questions about 516, Glitz Residence 2
What did unit 516 last sell for?
AED 1,090,000 on 18 August 2015, sold by the developer: AED 927 per sqft for 1,175 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 82,000 a year on the contract renewed on 6 April 2026. The previous contract, from April 2025, was AED 82,000; the unit has been rented since March 2018.
How big is unit 516?
1,175 sqft (109.2 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.
What is unit 516 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 516, Glitz Residence 2
Starts from the last sale price (AED 1.09M, 18 August 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,090,000
- Deposit, UAE resident (20%)
- AED 218,000
- Deposit, non-resident (40%)
- AED 436,000
- Monthly over 25 years at 3.7%
- AED 4,460
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →