2-bed · 1,150 sqftGlitz Residence 3 Tower 2, Dubai Studio City · 7th floor · completed 2017

720, Glitz Residence 3 Tower 2

Sold prices and rental history: sold twice, last in October 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 720 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 1.09M9 October 2024
Current rentAED 70K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 720, Glitz Residence 3 Tower 2

What is 720 worth today?

Last sold for AED 1,090,000 in 2024

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9 Oct 2024SoldReady
AED 1,090,000AED 948 per sqft
1 Aug 2023RentedNew contract
AED 70,000/yr12 months · AED 61 per sqft
1 Aug 2022RentedRenewal
AED 66,000/yr12 months · AED 57 per sqft
1 Aug 2021RentedNew contract
AED 60,000/yr12 months · AED 52 per sqft
20 Sep 2016Sold by developerOff-plan
AED 1,105,000AED 961 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
2-bed apartment
Size
1,150 sqft
Floor
7th of 8
Parking
B-128, B-129
Developer
Danube Properties Development
Completed
2017
Service charge
AED 18,000 /yr
Last sold
AED 1.09M · October 2024

About 720, Glitz Residence 3 Tower 2

720 is a two-bedroom apartment of 1,150 sqft on the 7th 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 October 2024 for AED 1,090,000, or AED 948 per sqft, 16% above the AED 817 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 August 2023, is AED 70,000 a year: a gross yield of 6.4% on the 2024 price, before the service charge of about AED 18,000 a year.

Sales and rents for 720 over time

Sales
Unit 720, 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, September 2016: AED 1,105,000 (AED 961 per sqft)Sold, October 2024: AED 1,090,000 (AED 948 per sqft)

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

Rents
Unit 720, 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, August 2021: AED 60,000 a yearRenewal, August 2022: AED 66,000 a yearNew contract, August 2023: AED 70,000 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 720 sits

All 64 2-beds →

720 last sold in October 2024 at AED 948 per sqft, 16% above what two-beds in Glitz Residence 3 Tower 2 were fetching at the time (AED 817). 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. 720's AED 70,000 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 7th floor

All 176 units in Glitz Residence 3 Tower 2
Value
7013-bedAED 800K · Aug 2021
702StudioAED 450K · May 2024
7031-bedAED 515K · Dec 2021
7042-bedAED 1.25M · Nov 2016
7052-bedAED 850K · Mar 2025
7061-bedAED 820K · Oct 2016
7071-bedAED 830K · Aug 2016
1–7 of 21

720, Glitz Residence 3 Tower 2 in numbers

  • Sold twice: first on 20 September 2016 for AED 1,105,000, last on 9 October 2024 for AED 1,090,000 (AED 948 per sqft).
  • Rented since August 2021 on 3 Ejari contracts, from AED 60,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2024 price is 6.4%, 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 9 October 2024.

Questions about 720, Glitz Residence 3 Tower 2

What did unit 720 last sell for?

AED 1,090,000 on 9 October 2024: AED 948 per sqft for 1,150 sqft. The unit has 2 registered sales; the first was AED 1,105,000 in September 2016.

What is the rent for unit 720?

AED 70,000 a year on the contract signed on 1 August 2023. The previous contract, from August 2022, was AED 66,000; the unit has been rented since August 2021.

How big is unit 720?

1,150 sqft (106.8 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2017.

What is unit 720 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 720, Glitz Residence 3 Tower 2

Starts from the last sale price (AED 1.09M, 9 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,090,000
Deposit, UAE resident (20%)
AED 218,000
Deposit, non-resident (40%)
AED 436,000
Monthly over 25 years at 3.7%
AED 4,460

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