2-bed · 1,152 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 3rd floor · completed 2017

305, Glitz Residence 3 Tower 1

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 8 August 2023
Last soldAED 830K8 August 2023
Current rentAED 55K /yr5 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Glitz Residence 3 Tower 1

What is 305 worth today?

Last sold for AED 830,000 in 2023

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8 Aug 2023SoldReady
AED 830,000AED 720 per sqft
5 Feb 2022RentedNew contract
AED 55,000/yr12 months · AED 48 per sqft
1 Nov 2020RentedRenewal
AED 58,000/yr12 months · AED 50 per sqft
1 Nov 2019RentedRenewal
AED 68,000/yr12 months · AED 59 per sqft
1 Nov 2018RentedNew contract
AED 73,000/yr12 months · AED 63 per sqft
1 Sep 2015Sold by developerOff-plan
AED 1,105,000AED 959 per sqft

Source: Dubai Land Department. Updated 8 August 2023.

Key facts

Type
2-bed apartment
Size
1,152 sqft
Floor
3rd of 8
Parking
B-302, B-303
Developer
Danube Properties Development
Completed
2017
Service charge
AED 18,000 /yr
Last sold
AED 830K · August 2023

About 305, Glitz Residence 3 Tower 1

305 is a two-bedroom apartment of 1,152 sqft on the 3rd 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 8 August 2023 for AED 830,000, or AED 720 per sqft, in line with the AED 717 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 5 February 2022, is AED 55,000 a year: a gross yield of 6.6% on the 2023 price, before the service charge of about AED 18,000 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical two-bed in Glitz Residence 3 Tower 1
800K1M20152018202120242027Typical 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, September 2015: AED 1,105,000 (AED 959 per sqft)Sold, August 2023: AED 830,000 (AED 720 per sqft)

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

Rents
Unit 305, 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, November 2018: AED 73,000 a yearRenewal, November 2019: AED 68,000 a yearRenewal, November 2020: AED 58,000 a yearNew contract, February 2022: AED 55,000 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 305 sits

All 64 2-beds →

305 last sold in August 2023 at AED 720 per sqft, in line with what two-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 717). 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. 305's AED 55,000 is at the bottom 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 3rd floor

All 176 units in Glitz Residence 3 Tower 1
Value
3013-bedAED 890K · Nov 2022
302StudioAED 525K · Aug 2025
3031-bedAED 820K · Oct 2015
3042-bedAED 1.25M · Sep 2015
3061-bedAED 820K · Oct 2015
3071-bedAED 820K · Sep 2015
3081-bedAED 786K · Jul 2015
1–7 of 21

305, Glitz Residence 3 Tower 1 in numbers

  • Sold twice: first on 1 September 2015 for AED 1,105,000, last on 8 August 2023 for AED 830,000 (AED 720 per sqft).
  • Rented since November 2018 on 4 Ejari contracts, from AED 73,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2023 price is 6.6%, before a service charge of about AED 18,000 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 8 August 2023.

Questions about 305, Glitz Residence 3 Tower 1

What did unit 305 last sell for?

AED 830,000 on 8 August 2023: AED 720 per sqft for 1,152 sqft. The unit has 2 registered sales; the first was AED 1,105,000 in September 2015.

What is the rent for unit 305?

AED 55,000 a year on the contract signed on 5 February 2022. The previous contract, from November 2020, was AED 58,000; the unit has been rented since November 2018.

How big is unit 305?

1,152 sqft (107.0 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2017.

What is unit 305 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 305, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 830K, 8 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 830,000
Deposit, UAE resident (20%)
AED 166,000
Deposit, non-resident (40%)
AED 332,000
Monthly over 25 years at 3.7%
AED 3,396

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