2-bed · 1,150 sqftGlitz Residence 3 Tower 2, Dubai Studio City · 1st floor · completed 2017

120, Glitz Residence 3 Tower 2

Sold prices and rental history: sold twice, last in August 2022, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 120 · DLD and Ejari recordsUpdated 25 August 2022
Last soldAED 745K25 August 2022
Current rentAED 59K /yr1 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 120, Glitz Residence 3 Tower 2

What is 120 worth today?

Last sold for AED 745,000 in 2022

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25 Aug 2022SoldReady
AED 745,000AED 648 per sqft
1 Apr 2020RentedNew contract
AED 58,500/yr13 months · AED 51 per sqft
1 Nov 2018RentedNew contract
AED 70,000/yr12 months · AED 61 per sqft
29 Oct 2015Sold by developerOff-plan
AED 1,100,000AED 956 per sqft

Source: Dubai Land Department. Updated 25 August 2022.

Key facts

Type
2-bed apartment
Size
1,150 sqft
Floor
1st of 8
Parking
B-95, B-96
Developer
Danube Properties Development
Completed
2017
Service charge
AED 18,000 /yr
Last sold
AED 745K · August 2022

About 120, Glitz Residence 3 Tower 2

120 is a two-bedroom apartment of 1,150 sqft on the 1st floor of Glitz Residence 3 Tower 2, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 25 August 2022 for AED 745,000, or AED 648 per sqft, 7% above the AED 603 two-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 1 April 2020, is AED 58,500 a year: a gross yield of 7.8% on the 2022 price, before the service charge of about AED 18,000 a year.

Sales and rents for 120 over time

Sales
Unit 120, each saleTypical two-bed in Glitz Residence 3 Tower 2
500K1M2015201820212024Typical sale price by year: 2015 AED 1,105,000; 2016 AED 1,160,000; 2017 AED 1,150,000; 2019 AED 1,047,088; 2021 AED 690,000; 2022 AED 600,000; 2023 AED 900,000; 2024 AED 968,000; 2025 AED 1,094,853Sold by developer, October 2015: AED 1,100,000 (AED 956 per sqft)Sold, August 2022: AED 745,000 (AED 648 per sqft)

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

Rents
Unit 120, each contractTypical two-bed in Glitz Residence 3 Tower 2
60K80K2018202120242027Typical rent by year: 2018 AED 75,000; 2019 AED 72,000; 2020 AED 58,250; 2021 AED 50,000; 2022 AED 61,000; 2023 AED 71,500; 2024 AED 80,000; 2025 AED 90,000; 2026 AED 88,000New contract, November 2018: AED 70,000 a yearNew contract, April 2020: AED 58,500 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 2, and where 120 sits

All 64 2-beds →

120 last sold in August 2022 at AED 648 per sqft, 7% above what two-beds in Glitz Residence 3 Tower 2 were fetching at the time (AED 603). Over the last 12 months two-beds sold for AED 1,089,706 to 1,130,000, around AED 956 per sqft, and rent for AED 45,000 to 110,000 a year. 120's AED 58,500 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Oct 20261,130,000
4 May 20261,100,000
14 Dec 20251,089,706
18 Nov 20251,100,000
4 2-bed sales in the last 12 months

Glitz Residence 3 Tower 2

Building

176 apartments, studios to 3-bed over 8 floors in Dubai Studio City, completed in 2017 by Danube Properties Development. 10 sold in the last 12 months.

Typical price per sqft
AED 973 Down 2.4%
Typical sale
AED 905K
Typical rent
AED 62K /yr
Typical yield
8.2%
Glitz Residence 3 Tower 2, Dubai Studio City: prices, sales and rents →

Other units on the 1st floor

All 176 units in Glitz Residence 3 Tower 2
Value
1013-bedAED 1.35M · Oct 2015
102StudioAED 520K · Oct 2015
1031-bedAED 650K · Jul 2024
1042-bedAED 1.25M · Jan 2017
1052-bedAED 720K · Nov 2019
1061-bedAED 813K · Nov 2018
1071-bedAED 550K · Apr 2019
1–7 of 21

120, Glitz Residence 3 Tower 2 in numbers

  • Sold twice: first on 29 October 2015 for AED 1,100,000, last on 25 August 2022 for AED 745,000 (AED 648 per sqft).
  • Rented since November 2018 on 2 Ejari contracts, from AED 70,000 to AED 58,500 a year.
  • At AED 58,500 a year the gross yield on the 2022 price is 7.8%, before a service charge of about AED 18,000 a year (AED 15.66 per sqft).
  • Two-beds in Glitz Residence 3 Tower 2 sold for AED 1,089,706–1,130,000 in the 12 months to November 2026; the building's median across all types is AED 973 per sqft.

Source: Dubai Land Department. Updated 25 August 2022.

Questions about 120, Glitz Residence 3 Tower 2

What did unit 120 last sell for?

AED 745,000 on 25 August 2022: AED 648 per sqft for 1,150 sqft. The unit has 2 registered sales; the first was AED 1,100,000 in October 2015.

What is the rent for unit 120?

AED 58,500 a year on the contract signed on 1 April 2020. The previous contract, from November 2018, was AED 70,000.

How big is unit 120?

1,150 sqft (106.8 sqm): a two-bedroom apartment on the 1st floor of a 8-storey tower completed in 2017.

What is unit 120 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 2 sold for AED 1,089,706 to 1,130,000 in the last 12 months, around AED 956 per sqft.

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Mortgage on 120, Glitz Residence 3 Tower 2

Starts from the last sale price (AED 745K, 25 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 745,000
Deposit, UAE resident (20%)
AED 149,000
Deposit, non-resident (40%)
AED 298,000
Monthly over 25 years at 3.7%
AED 3,048

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