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

309, Glitz Residence 3 Tower 2

Sold prices and rental history: sold twice, last in May 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 9 May 2024
Last soldAED 1M9 May 2024
Current rentAED 95K /yr9 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, Glitz Residence 3 Tower 2

What is 309 worth today?

Last sold for AED 1,000,000 in 2024

Unlock today's estimate, updated daily, with

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

9 May 2024SoldReady
AED 1,000,000AED 805 per sqft
9 Dec 2022RentedNew contract
AED 95,000/yr12 months · AED 77 per sqft
1 Sep 2020RentedNew contract
AED 67,000/yr12 months · AED 54 per sqft
1 Sep 2018RentedNew contract
AED 85,000/yr12 months · AED 69 per sqft
23 Aug 2016Sold by developerOff-plan
AED 1,200,000AED 966 per sqft

Source: Dubai Land Department. Updated 9 May 2024.

Key facts

Type
2-bed apartment
Size
1,242 sqft
Floor
3rd of 8
Parking
B-158, B-159
Developer
Danube Properties Development
Completed
2017
Service charge
AED 19,400 /yr
Last sold
AED 1M · May 2024

About 309, Glitz Residence 3 Tower 2

309 is a two-bedroom apartment of 1,242 sqft on the 3rd 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 9 May 2024 for AED 1,000,000, or AED 805 per sqft, in line with the AED 793 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 9 December 2022, is AED 95,000 a year: a gross yield of 9.5% on the 2024 price, before the service charge of about AED 19,400 a year.

Sales and rents for 309 over time

Sales
Unit 309, 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, August 2016: AED 1,200,000 (AED 966 per sqft)Sold, May 2024: AED 1,000,000 (AED 805 per sqft)

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

Rents
Unit 309, each contractTypical two-bed in Glitz Residence 3 Tower 2
50K75K100K2018202120242027Typical 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, September 2018: AED 85,000 a yearNew contract, September 2020: AED 67,000 a yearNew contract, December 2022: AED 95,000 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 2, and where 309 sits

All 64 2-beds →

309 last sold in May 2024 at AED 805 per sqft, in line with what two-beds in Glitz Residence 3 Tower 2 were fetching at the time (AED 793). 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. 309's AED 95,000 is in the upper 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 3rd floor

All 176 units in Glitz Residence 3 Tower 2
Value
3013-bedAED 1.05M · Oct 2023
302StudioAED 520K · Oct 2015
3031-bedAED 750K · Aug 2025
3042-bedAED 1.25M · Sep 2016
3052-bedAED 1.1M · May 2026
3061-bedAED 720K · Jul 2026
3071-bedAED 600K · Mar 2019
1–7 of 21

309, Glitz Residence 3 Tower 2 in numbers

  • Sold twice: first on 23 August 2016 for AED 1,200,000, last on 9 May 2024 for AED 1,000,000 (AED 805 per sqft).
  • Rented since September 2018 on 3 Ejari contracts. The rent fell from AED 85,000 to AED 67,000 in 2020 and recovered to AED 95,000 by December 2022.
  • At AED 95,000 a year the gross yield on the 2024 price is 9.5%, before a service charge of about AED 19,400 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 9 May 2024.

Questions about 309, Glitz Residence 3 Tower 2

What did unit 309 last sell for?

AED 1,000,000 on 9 May 2024: AED 805 per sqft for 1,242 sqft. The unit has 2 registered sales; the first was AED 1,200,000 in August 2016.

What is the rent for unit 309?

AED 95,000 a year on the contract signed on 9 December 2022. The previous contract, from September 2020, was AED 67,000; the unit has been rented since September 2018.

How big is unit 309?

1,242 sqft (115.4 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2017.

What is unit 309 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.

Selling 309? 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 309, Glitz Residence 3 Tower 2

Starts from the last sale price (AED 1M, 9 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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