3-bed · 1,354 sqftGlitz Residence 3 Tower 2, Dubai Studio City · 5th floor · completed 2017

501, Glitz Residence 3 Tower 2

Sold prices and rental history: sold twice, last in August 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 29 August 2023
Last soldAED 1M29 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Glitz Residence 3 Tower 2

What is 501 worth today?

Last sold for AED 1,000,000 in 2023

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29 Aug 2023SoldReady
AED 1,000,000AED 738 per sqft
26 Jul 2015Sold by developerOff-plan
AED 1,350,000AED 996 per sqft

Source: Dubai Land Department. Updated 29 August 2023.

Key facts

Type
3-bed apartment
Size
1,354 sqft
Floor
5th of 8
Parking
B-146, B-147
Developer
Danube Properties Development
Completed
2017
Service charge
AED 21,200 /yr
Last sold
AED 1M · August 2023

About 501, Glitz Residence 3 Tower 2

501 is a three-bedroom apartment of 1,354 sqft on the 5th 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 29 August 2023 for AED 1,000,000, or AED 738 per sqft, in line with the AED 738 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical three-bed in Glitz Residence 3 Tower 2
750K1M1.25M2015201820212024Typical sale price by year: 2015 AED 1,350,000; 2021 AED 800,000; 2023 AED 1,025,000Sold by developer, July 2015: AED 1,350,000 (AED 996 per sqft)Sold, August 2023: AED 1,000,000 (AED 738 per sqft)

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

Rents
Unit 501, each contractTypical three-bed in Glitz Residence 3 Tower 2
75K100K2018202120242027Typical rent by year: 2018 AED 81,500; 2019 AED 80,000; 2020 AED 68,000; 2021 AED 68,841; 2022 AED 71,500; 2023 AED 80,000; 2024 AED 100,000; 2025 AED 110,000; 2026 AED 112,500

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Glitz Residence 3 Tower 2, and where 501 sits

All 16 3-beds →

501 last sold in August 2023 at AED 738 per sqft, in line with what three-beds in Glitz Residence 3 Tower 2 were fetching at the time (AED 738). Over the last 12 months three-beds sold for AED 1,275,000, around AED 941 per sqft, and rent for AED 105,000 to 118,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
4 Nov 20261,275,000
1 Sep 20251,400,000
28 Mar 20251,500,000
30 Oct 20241,275,000
1 3-bed sale 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 5th floor

All 176 units in Glitz Residence 3 Tower 2
Value
502StudioAED 520K · Oct 2015
5031-bedAED 830K · Nov 2018
5042-bedAED 1.15M · Sep 2017
5052-bedAED 1.11M · Oct 2015
5061-bedAED 570K · Mar 2019
5071-bedAED 600K · Jan 2019
5081-bedAED 700K · Mar 2025
1–7 of 21

501, Glitz Residence 3 Tower 2 in numbers

  • Sold twice: first on 26 July 2015 for AED 1,350,000, last on 29 August 2023 for AED 1,000,000 (AED 738 per sqft).
  • Three-beds in Glitz Residence 3 Tower 2 sold for AED 1,275,000–1,275,000 in the 12 months to November 2026; the building's median across all types is AED 973 per sqft.

Source: Dubai Land Department. Updated 29 August 2023.

Questions about 501, Glitz Residence 3 Tower 2

What did unit 501 last sell for?

AED 1,000,000 on 29 August 2023: AED 738 per sqft for 1,354 sqft. The unit has 2 registered sales; the first was AED 1,350,000 in July 2015.

How big is unit 501?

1,354 sqft (125.8 sqm): a three-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Glitz Residence 3 Tower 2 sold for AED 1,275,000 to 1,275,000 in the last 12 months, around AED 941 per sqft.

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Mortgage on 501, Glitz Residence 3 Tower 2

Starts from the last sale price (AED 1M, 29 August 2023). 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 →