2-bed · 1,200 sqftGlitz Residence 2, Dubai Studio City · 6th floor · completed 2017

603, Glitz Residence 2

Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 25 January 2023
Last soldAED 1.09M7 June 2015
Current rentAED 62K /yr25 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 603, Glitz Residence 2

What is 603 worth today?

Last sold for AED 1,090,000 in 2015

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25 Jan 2023RentedNew contract
AED 62,000/yr12 months · AED 52 per sqft
15 Dec 2021RentedNew contract
AED 55,000/yr12 months · AED 46 per sqft
10 Jun 2020RentedRenewal
AED 61,200/yr12 months · AED 51 per sqft
8 Jun 2019RentedNew contract
AED 68,000/yr12 months · AED 57 per sqft
14 Apr 2018RentedNew contract
AED 75,000/yr12 months · AED 63 per sqft
7 Jun 2015Sold by developerOff-plan
AED 1,090,000AED 908 per sqft

Source: Dubai Land Department. Updated 25 January 2023.

Key facts

Type
2-bed apartment
Size
1,200 sqft
Floor
6th of 8
Parking
B-99, B-100
Developer
Danube Properties Development
Completed
2017
Service charge
AED 19,900 /yr
Last sold
AED 1.09M · June 2015

About 603, Glitz Residence 2

603 is a two-bedroom apartment of 1,200 sqft on the 6th 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 7 June 2015 for AED 1,090,000, or AED 908 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 5 Ejari contracts. The current contract, signed on 25 January 2023, is AED 62,000 a year: a gross yield of 5.7% on the 2015 price, before the service charge of about AED 19,900 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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, June 2015: AED 1,090,000 (AED 908 per sqft)

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

Rents
Unit 603, 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, April 2018: AED 75,000 a yearNew contract, June 2019: AED 68,000 a yearRenewal, June 2020: AED 61,200 a yearNew contract, December 2021: AED 55,000 a yearNew contract, January 2023: AED 62,000 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 603 sits

All 32 2-beds →

603 last sold in June 2015 at AED 908 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. 603's AED 62,000 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 6th floor

All 146 units in Glitz Residence 2
Value
6011-bedAED 750K · May 2025
602StudioAED 320K · May 2022
6042-bedAED 1.11M · Jun 2015
605StudioAED 535K · Aug 2015
6061-bedAED 680K · Feb 2025
6071-bedAED 820K · Aug 2015
6081-bedAED 760K · Dec 2017
1–7 of 17

603, Glitz Residence 2 in numbers

  • Sold once: by Danube Properties Development on 7 June 2015 for AED 1,090,000, or AED 908 per sqft.
  • Rented since April 2018 on 5 Ejari contracts. The rent fell from AED 75,000 to AED 55,000 in 2021 and recovered to AED 62,000 by January 2023.
  • At AED 62,000 a year the gross yield on the 2015 price is 5.7%, before a service charge of about AED 19,900 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 25 January 2023.

Questions about 603, Glitz Residence 2

What did unit 603 last sell for?

AED 1,090,000 on 7 June 2015, sold by the developer: AED 908 per sqft for 1,200 sqft. It is the only registered sale of the unit.

What is the rent for unit 603?

AED 62,000 a year on the contract signed on 25 January 2023. The previous contract, from December 2021, was AED 55,000; the unit has been rented since April 2018.

How big is unit 603?

1,200 sqft (111.5 sqm): a two-bedroom apartment on the 6th floor of a 8-storey tower completed in 2017.

What is unit 603 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 603, Glitz Residence 2

Starts from the last sale price (AED 1.09M, 7 June 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 →