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2-bed · 1,242 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 6th floor · completed 2017

609, Glitz Residence 3 Tower 1

Sold prices and rental history: sold 3 times, last in May 2023, and rented once, from December 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 609 · DLD and Ejari recordsUpdated 1 May 2023
Last soldAED 850K1 May 2023
Current rentAED 73K /yr20 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 609, Glitz Residence 3 Tower 1

What is 609 worth today?

Last sold for AED 850,000 in 2023

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1 May 2023SoldReady
AED 850,000AED 684 per sqft
14 Jan 2020SoldReady
AED 800,000AED 644 per sqft
20 Dec 2018RentedNew contract
AED 73,000/yr12 months · AED 59 per sqft
29 Oct 2015Sold by developerOff-plan
AED 1,210,000AED 974 per sqft

Source: Dubai Land Department. Updated 1 May 2023.

Key facts

Type
2-bed apartment
Size
1,242 sqft
Floor
6th of 8
Parking
B-374, B-375
Developer
Danube Properties Development
Completed
2017
Service charge
AED 19,400 /yr
Last sold
AED 850K · May 2023
Building
Glitz Residence 3 Tower 1

About 609, Glitz Residence 3 Tower 1

609 is a two-bedroom apartment of 1,242 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 1 May 2023 for AED 850,000, or AED 684 per sqft, in line with the AED 684 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 December 2018. The current contract, signed on 20 December 2018, is AED 73,000 a year: a gross yield of 8.6% on the 2023 price, before the service charge of about AED 19,400 a year.

Sales and rents for 609 over time

Sales
Unit 609, each saleTypical two-bed in Glitz Residence 3 Tower 1
800K1M1.2M20152018202120242027Typical 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 1,210,000 (AED 974 per sqft)Sold, January 2020: AED 800,000 (AED 644 per sqft)Sold, May 2023: AED 850,000 (AED 684 per sqft)

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

Rents
Unit 609, 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 2018: AED 73,000 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 609 sits

All 64 2-beds →

609 last sold in May 2023 at AED 684 per sqft, in line with what two-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 684). 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. 609's AED 73,000 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 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
6042-bedAED 1.03M · Oct 2023
6052-bedAED 1.11M · Nov 2016
6061-bedAED 250K · Nov 2021
6071-bedAED 820K · Oct 2015
1–7 of 21

609, Glitz Residence 3 Tower 1 in numbers

  • Sold 3 times: first on 29 October 2015 for AED 1,210,000, last on 1 May 2023 for AED 850,000 (AED 684 per sqft).
  • Rented since December 2018 on one Ejari contract, at AED 73,000 a year.
  • At AED 73,000 a year the gross yield on the 2023 price is 8.6%, before a service charge of about AED 19,400 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 May 2023.

Questions about 609, Glitz Residence 3 Tower 1

What did unit 609 last sell for?

AED 850,000 on 1 May 2023: AED 684 per sqft for 1,242 sqft. The unit has 3 registered sales; the first was AED 1,210,000 in October 2015.

What is the rent for unit 609?

AED 73,000 a year on the contract signed on 20 December 2018.

How big is unit 609?

1,242 sqft (115.4 sqm): a two-bedroom apartment on the 6th floor of a 8-storey tower completed in 2017.

What is unit 609 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 609, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 850K, 1 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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