2-bed · 1,293 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 6th floor · completed 2017

604, Glitz Residence 3 Tower 1

Sold prices and rental history: sold 3 times, last in October 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 12 October 2023
Last soldAED 1.03M12 October 2023
Current rentAED 60K /yr1 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 604, Glitz Residence 3 Tower 1

What is 604 worth today?

Last sold for AED 1,025,000 in 2023

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12 Oct 2023SoldReady
AED 1,025,000AED 792 per sqft
23 Aug 2021SoldReady
AED 750,000AED 580 per sqft
1 Jul 2020RentedRenewal
AED 60,000/yr12 months · AED 46 per sqft
1 Jul 2019RentedNew contract
AED 75,000/yr12 months · AED 58 per sqft
25 Oct 2015Sold by developerOff-plan
AED 1,250,000AED 966 per sqft

Source: Dubai Land Department. Updated 12 October 2023.

Key facts

Type
2-bed apartment
Size
1,293 sqft
Floor
6th of 8
Parking
B-368, B-369
Developer
Danube Properties Development
Completed
2017
Service charge
AED 20,200 /yr
Last sold
AED 1.03M · October 2023

About 604, Glitz Residence 3 Tower 1

604 is a two-bedroom apartment of 1,293 sqft on the 6th 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 12 October 2023 for AED 1,025,000, or AED 792 per sqft, 10% above the AED 720 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 1 July 2020, is AED 60,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 20,200 a year.

Sales and rents for 604 over time

Sales
Unit 604, each saleTypical two-bed in Glitz Residence 3 Tower 1
750K1M1.25M20152018202120242027Typical 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 1,250,000 (AED 966 per sqft)Sold, August 2021: AED 750,000 (AED 580 per sqft)Sold, October 2023: AED 1,025,000 (AED 792 per sqft)

604 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 604, 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, July 2019: AED 75,000 a yearRenewal, July 2020: AED 60,000 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 604 sits

All 64 2-beds →

604 last sold in October 2023 at AED 792 per sqft, 10% above what two-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 720). 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. 604's AED 60,000 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 6th floor

All 176 units in Glitz Residence 3 Tower 1
Value
6013-bedAED 1.35M · Apr 2016
602StudioAED 410K · Oct 2024
6031-bedAED 820K · Oct 2015
6052-bedAED 1.11M · Nov 2016
6061-bedAED 250K · Nov 2021
6071-bedAED 820K · Oct 2015
6081-bedAED 786K · Oct 2015
1–7 of 21

604, Glitz Residence 3 Tower 1 in numbers

  • Sold 3 times: first on 25 October 2015 for AED 1,250,000, last on 12 October 2023 for AED 1,025,000 (AED 792 per sqft).
  • Rented since July 2019 on 2 Ejari contracts, from AED 75,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 20,200 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 12 October 2023.

Questions about 604, Glitz Residence 3 Tower 1

What did unit 604 last sell for?

AED 1,025,000 on 12 October 2023: AED 792 per sqft for 1,293 sqft. The unit has 3 registered sales; the first was AED 1,250,000 in October 2015.

What is the rent for unit 604?

AED 60,000 a year on the contract renewed on 1 July 2020. The previous contract, from July 2019, was AED 75,000.

How big is unit 604?

1,293 sqft (120.1 sqm): a two-bedroom apartment on the 6th floor of a 8-storey tower completed in 2017.

What is unit 604 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 604, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 1.03M, 12 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,025,000
Deposit, UAE resident (20%)
AED 205,000
Deposit, non-resident (40%)
AED 410,000
Monthly over 25 years at 3.7%
AED 4,194

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