2-bed · 1,242 sqftGlitz Residence 3 Tower 2, Dubai Studio City · 4th floor · completed 2017

409, Glitz Residence 3 Tower 2

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

Unit 409 · DLD and Ejari recordsUpdated 16 April 2024
Last soldAED 960K16 April 2024
Current rentAED 80K /yr5 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Glitz Residence 3 Tower 2

What is 409 worth today?

Last sold for AED 960,000 in 2024

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16 Apr 2024SoldReady
AED 960,000AED 772 per sqft
5 Feb 2023RentedRenewal
AED 80,000/yr6 months · AED 65 per sqft
5 Aug 2020RentedRenewal
AED 23,200/yr30 months · AED 19 per sqft
5 Aug 2019RentedRenewal
AED 74,000/yr12 months · AED 60 per sqft
5 Aug 2018RentedNew contract
AED 82,000/yr12 months · AED 66 per sqft
5 Mar 2017Sold by developerOff-plan
AED 1,230,000AED 990 per sqft

Source: Dubai Land Department. Updated 16 April 2024.

Key facts

Type
2-bed apartment
Size
1,242 sqft
Floor
4th of 8
Parking
B-180, B-181
Developer
Danube Properties Development
Completed
2017
Service charge
AED 19,400 /yr
Last sold
AED 960K · April 2024

About 409, Glitz Residence 3 Tower 2

409 is a two-bedroom apartment of 1,242 sqft on the 4th 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 16 April 2024 for AED 960,000, or AED 772 per sqft, in line with the AED 793 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 5 February 2023, is AED 80,000 a year: a gross yield of 8.3% on the 2024 price, before the service charge of about AED 19,400 a year.

Sales and rents for 409 over time

Sales
Unit 409, 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, March 2017: AED 1,230,000 (AED 990 per sqft)Sold, April 2024: AED 960,000 (AED 772 per sqft)

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

Rents
Unit 409, each contractTypical two-bed in Glitz Residence 3 Tower 2
50K100K2018202120242027Typical 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, August 2018: AED 82,000 a yearRenewal, August 2019: AED 74,000 a yearRenewal, August 2020: AED 23,200 a yearRenewal, February 2023: AED 80,000 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 409 sits

All 64 2-beds →

409 last sold in April 2024 at AED 772 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. 409's AED 80,000 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 4th floor

All 176 units in Glitz Residence 3 Tower 2
Value
4013-bedAED 1.5M · Mar 2025
402StudioAED 520K · Oct 2015
4031-bedAED 600K · Jan 2019
4042-bedAED 780K · Sep 2021
4052-bedAED 950K · Sep 2024
4061-bedAED 600K · Mar 2019
4071-bedAED 570K · Jan 2019
1–7 of 21

409, Glitz Residence 3 Tower 2 in numbers

  • Sold twice: first on 5 March 2017 for AED 1,230,000, last on 16 April 2024 for AED 960,000 (AED 772 per sqft).
  • Rented since August 2018 on 4 Ejari contracts. The rent fell from AED 82,000 to AED 23,200 in 2020 and recovered to AED 80,000 by February 2023.
  • At AED 80,000 a year the gross yield on the 2024 price is 8.3%, 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 16 April 2024.

Questions about 409, Glitz Residence 3 Tower 2

What did unit 409 last sell for?

AED 960,000 on 16 April 2024: AED 772 per sqft for 1,242 sqft. The unit has 2 registered sales; the first was AED 1,230,000 in March 2017.

What is the rent for unit 409?

AED 80,000 a year on the contract renewed on 5 February 2023. The previous contract, from August 2020, was AED 23,200; the unit has been rented since August 2018.

How big is unit 409?

1,242 sqft (115.4 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2017.

What is unit 409 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 409, Glitz Residence 3 Tower 2

Starts from the last sale price (AED 960K, 16 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 960,000
Deposit, UAE resident (20%)
AED 192,000
Deposit, non-resident (40%)
AED 384,000
Monthly over 25 years at 3.7%
AED 3,928

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