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2-bed · 1,161 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 1st floor · completed 2017

112, Glitz Residence 3 Tower 1

Sold prices and rental history: sold twice, last in January 2018, and rented once, from August 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 112 · DLD and Ejari recordsUpdated 13 August 2019
Last soldAED 1.1M28 January 2018
Current rentAED 70K /yr13 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 112, Glitz Residence 3 Tower 1

What is 112 worth today?

Last sold for AED 1,095,000 in 2018

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13 Aug 2019RentedNew contract
AED 70,000/yr12 months · AED 60 per sqft
28 Jan 2018SoldOff-plan
AED 1,095,000AED 942 per sqft
26 Jul 2015Sold by developerOff-plan
AED 1,095,000AED 942 per sqft

Source: Dubai Land Department. Updated 13 August 2019.

Key facts

Type
2-bed apartment
Size
1,161 sqft
Floor
1st of 8
Parking
B-25, B-40
Developer
Danube Properties Development
Completed
2017
Service charge
AED 18,200 /yr
Last sold
AED 1.1M · January 2018
Building
Glitz Residence 3 Tower 1

About 112, Glitz Residence 3 Tower 1

112 is a two-bedroom apartment of 1,161 sqft on the 1st floor of Glitz Residence 3 Tower 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 28 January 2018 for AED 1,095,000, or AED 942 per sqft, in line with the AED 949 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 13 August 2019. The current contract, signed on 13 August 2019, is AED 70,000 a year: a gross yield of 6.4% on the 2018 price, before the service charge of about AED 18,200 a year.

Sales and rents for 112 over time

Sales
Unit 112, each saleTypical two-bed in Glitz Residence 3 Tower 1
1M20152018202120242027Typical sale price by year: 2015 AED 1,095,000; 2016 AED 1,115,000; 2017 AED 1,112,500; 2018 AED 1,105,000; 2019 AED 1,019,100; 2023 AED 850,000; 2024 AED 1,000,000; 2025 AED 1,120,000; 2026 AED 1,120,000Sold by developer, July 2015: AED 1,095,000 (AED 942 per sqft)Sold, January 2018: AED 1,095,000 (AED 942 per sqft)

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

Rents
Unit 112, each contractTypical two-bed in Glitz Residence 3 Tower 1
60K80K2018202120242027Typical rent by year: 2018 AED 75,000; 2019 AED 72,000; 2020 AED 58,000; 2021 AED 54,000; 2022 AED 60,000; 2023 AED 68,250; 2024 AED 71,652; 2025 AED 80,262; 2026 AED 84,000New contract, August 2019: AED 70,000 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 3 Tower 1, and where 112 sits

All 64 2-beds →

112 last sold in January 2018 at AED 942 per sqft, in line with what two-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 949). Over the last 12 months two-beds sold for AED 1,060,000 to 1,200,000, around AED 961 per sqft, and rent for AED 65,000 to 97,000 a year. 112's AED 70,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 May 20261,200,000
6 Apr 20261,190,000
6 Apr 20261,170,000
10 Mar 20261,100,000
8 2-bed sales in the last 12 months

Glitz Residence 3 Tower 1

Building

176 apartments, studios to 3-bed over 8 floors in Dubai Studio City, completed in 2017 by Danube Properties Development. 16 sold in the last 12 months.

Typical price per sqft
AED 987 Down 3.5%
Typical sale
AED 1.09M
Typical rent
AED 63K /yr
Typical yield
7.9%
Glitz Residence 3 Tower 1, Dubai Studio City: prices, sales and rents →

Other units on the 1st floor

All 176 units in Glitz Residence 3 Tower 1
Value
1013-bedAED 1.35M · Sep 2015
102StudioAED 480K · Jan 2019
1031-bedAED 450K · Feb 2022
1042-bedAED 1.25M · Mar 2018
1052-bedAED 750K · Aug 2019
1061-bedAED 815K · Oct 2016
1071-bedAED 815K · Oct 2016
1–7 of 21

112, Glitz Residence 3 Tower 1 in numbers

  • Sold twice: first on 26 July 2015 for AED 1,095,000, last on 28 January 2018 for AED 1,095,000 (AED 942 per sqft).
  • Rented since August 2019 on one Ejari contract, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2018 price is 6.4%, before a service charge of about AED 18,200 a year (AED 15.66 per sqft).
  • Two-beds in Glitz Residence 3 Tower 1 sold for AED 1,060,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 987 per sqft.

Source: Dubai Land Department. Updated 13 August 2019.

Questions about 112, Glitz Residence 3 Tower 1

What did unit 112 last sell for?

AED 1,095,000 on 28 January 2018: AED 942 per sqft for 1,161 sqft. The unit has 2 registered sales; the first was AED 1,095,000 in July 2015.

What is the rent for unit 112?

AED 70,000 a year on the contract signed on 13 August 2019.

How big is unit 112?

1,161 sqft (107.9 sqm): a two-bedroom apartment on the 1st floor of a 8-storey tower completed in 2017.

What is unit 112 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 3 Tower 1 sold for AED 1,060,000 to 1,200,000 in the last 12 months, around AED 961 per sqft.

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Mortgage on 112, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 1.1M, 28 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,095,000
Deposit, UAE resident (20%)
AED 219,000
Deposit, non-resident (40%)
AED 438,000
Monthly over 25 years at 3.7%
AED 4,480

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