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2-bed · 1,134 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 5th floor · completed 2017

521, Glitz Residence 3 Tower 1

Sold prices and rental history: sold once, by the developer in October 2015, and rented once, from December 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 521 · DLD and Ejari recordsUpdated 1 December 2023
Last soldAED 1.09M29 October 2015
Current rentAED 83K /yr1 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 521, Glitz Residence 3 Tower 1

What is 521 worth today?

Last sold for AED 1,085,000 in 2015

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1 Dec 2023RentedNew contract
AED 83,000/yr12 months · AED 73 per sqft
29 Oct 2015Sold by developerOff-plan
AED 1,085,000AED 956 per sqft

Source: Dubai Land Department. Updated 1 December 2023.

Key facts

Type
2-bed apartment
Size
1,134 sqft
Floor
5th of 8
Parking
B-332, B-333
Developer
Danube Properties Development
Completed
2017
Service charge
AED 17,800 /yr
Last sold
AED 1.09M · October 2015
Building
Glitz Residence 3 Tower 1

About 521, Glitz Residence 3 Tower 1

521 is a two-bedroom apartment of 1,134 sqft on the 5th floor of Glitz Residence 3 Tower 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. The developer sold it on 29 October 2015 for AED 1,085,000, or AED 956 per sqft, in line with the AED 956 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 December 2023. The current contract, signed on 1 December 2023, is AED 83,000 a year: a gross yield of 7.6% on the 2015 price, before the service charge of about AED 17,800 a year.

Sales and rents for 521 over time

Sales
Unit 521, 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, October 2015: AED 1,085,000 (AED 956 per sqft)

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

Rents
Unit 521, 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, December 2023: AED 83,000 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 521 sits

All 64 2-beds →

521 last sold in October 2015 at AED 956 per sqft, in line with what two-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 956). 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. 521's AED 83,000 is in the upper 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 5th floor

All 176 units in Glitz Residence 3 Tower 1
Value
5013-bedAED 1.35M · Oct 2015
502StudioAED 400K · Nov 2023
5031-bedAED 820K · Oct 2015
5042-bedAED 1.16M · Dec 2019
5052-bedAED 1.11M · Jul 2015
5061-bedAED 630K · Jul 2024
5071-bedAED 820K · Oct 2015
1–7 of 21

521, Glitz Residence 3 Tower 1 in numbers

  • Sold once: by Danube Properties Development on 29 October 2015 for AED 1,085,000, or AED 956 per sqft.
  • Rented since December 2023 on one Ejari contract, at AED 83,000 a year.
  • At AED 83,000 a year the gross yield on the 2015 price is 7.6%, before a service charge of about AED 17,800 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 1 December 2023.

Questions about 521, Glitz Residence 3 Tower 1

What did unit 521 last sell for?

AED 1,085,000 on 29 October 2015, sold by the developer: AED 956 per sqft for 1,134 sqft. It is the only registered sale of the unit.

What is the rent for unit 521?

AED 83,000 a year on the contract signed on 1 December 2023.

How big is unit 521?

1,134 sqft (105.4 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.

What is unit 521 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 521, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 1.09M, 29 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,085,000
Deposit, UAE resident (20%)
AED 217,000
Deposit, non-resident (40%)
AED 434,000
Monthly over 25 years at 3.7%
AED 4,439

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