2-bed · 1,166 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 6th floor · completed 2017

622, Glitz Residence 3 Tower 1

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 622 · DLD and Ejari recordsUpdated 25 July 2024
Last soldAED 1.04M25 July 2024
Current rentAED 66K /yr31 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 622, Glitz Residence 3 Tower 1

What is 622 worth today?

Last sold for AED 1,040,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

25 Jul 2024SoldReady
AED 1,040,000AED 891 per sqft
31 Jul 2023RentedRenewal
AED 66,150/yr12 months · AED 57 per sqft
31 Jul 2022RentedNew contract
AED 63,000/yr12 months · AED 54 per sqft
21 Nov 2021RentedRenewal
AED 53,000/yr12 months · AED 45 per sqft
21 Nov 2020RentedNew contract
AED 50,000/yr12 months · AED 43 per sqft
1 Sep 2019RentedNew contract
AED 70,000/yr12 months · AED 60 per sqft
8 Jun 2016Sold by developerOff-plan
AED 1,136,800AED 974 per sqft

Source: Dubai Land Department. Updated 25 July 2024.

Key facts

Type
2-bed apartment
Size
1,166 sqft
Floor
6th of 8
Parking
B-344, B-345
Developer
Danube Properties Development
Completed
2017
Service charge
AED 18,300 /yr
Last sold
AED 1.04M · July 2024

About 622, Glitz Residence 3 Tower 1

622 is a two-bedroom apartment of 1,166 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 25 July 2024 for AED 1,040,000, or AED 891 per sqft, 16% above the AED 766 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 31 July 2023, is AED 66,150 a year: a gross yield of 6.4% on the 2024 price, before the service charge of about AED 18,300 a year.

Sales and rents for 622 over time

Sales
Unit 622, 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, June 2016: AED 1,136,800 (AED 974 per sqft)Sold, July 2024: AED 1,040,000 (AED 891 per sqft)

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

Rents
Unit 622, 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, September 2019: AED 70,000 a yearNew contract, November 2020: AED 50,000 a yearRenewal, November 2021: AED 53,000 a yearNew contract, July 2022: AED 63,000 a yearRenewal, July 2023: AED 66,150 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 622 sits

All 64 2-beds →

622 last sold in July 2024 at AED 891 per sqft, 16% above what two-beds in Glitz Residence 3 Tower 1 were fetching at the time (AED 766). 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. 622's AED 66,150 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

622, Glitz Residence 3 Tower 1 in numbers

  • Sold twice: first on 8 June 2016 for AED 1,136,800, last on 25 July 2024 for AED 1,040,000 (AED 891 per sqft).
  • Rented since September 2019 on 5 Ejari contracts. The rent fell from AED 70,000 to AED 50,000 in 2020 and recovered to AED 66,150 by July 2023.
  • At AED 66,150 a year the gross yield on the 2024 price is 6.4%, before a service charge of about AED 18,300 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 25 July 2024.

Questions about 622, Glitz Residence 3 Tower 1

What did unit 622 last sell for?

AED 1,040,000 on 25 July 2024: AED 891 per sqft for 1,166 sqft. The unit has 2 registered sales; the first was AED 1,136,800 in June 2016.

What is the rent for unit 622?

AED 66,150 a year on the contract renewed on 31 July 2023. The previous contract, from July 2022, was AED 63,000; the unit has been rented since September 2019.

How big is unit 622?

1,166 sqft (108.3 sqm): a two-bedroom apartment on the 6th floor of a 8-storey tower completed in 2017.

What is unit 622 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.

Selling 622? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 622, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 1.04M, 25 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,040,000
Deposit, UAE resident (20%)
AED 208,000
Deposit, non-resident (40%)
AED 416,000
Monthly over 25 years at 3.7%
AED 4,255

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