3-bed · 1,647 sqftGlitz Residence 2, Dubai Studio City · 3rd floor · completed 2017

310, Glitz Residence 2

Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 310 · DLD and Ejari recordsUpdated 15 February 2023
Last soldAED 1.5M31 August 2015
Current rentAED 75K /yr15 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 310, Glitz Residence 2

What is 310 worth today?

Last sold for AED 1,495,000 in 2015

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15 Feb 2023RentedRenewal
AED 75,000/yr12 months · AED 46 per sqft
15 Feb 2021RentedNew contract
AED 65,000/yr12 months · AED 39 per sqft
20 Nov 2019RentedRenewal
AED 86,000/yr12 months · AED 52 per sqft
20 Nov 2018RentedNew contract
AED 90,000/yr12 months · AED 55 per sqft
1 Mar 2018RentedNew contract
AED 95,000/yr12 months · AED 58 per sqft
31 Aug 2015Sold by developerOff-plan
AED 1,495,000AED 907 per sqft

Source: Dubai Land Department. Updated 15 February 2023.

Key facts

Type
3-bed apartment
Size
1,647 sqft
Floor
3rd of 8
Parking
B-30, B-31
Developer
Danube Properties Development
Completed
2017
Service charge
AED 27,300 /yr
Last sold
AED 1.5M · August 2015

About 310, Glitz Residence 2

310 is a three-bedroom apartment of 1,647 sqft on the 3rd floor of Glitz Residence 2, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. The developer sold it on 31 August 2015 for AED 1,495,000, or AED 907 per sqft, in line with the AED 907 three-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 15 February 2023, is AED 75,000 a year: a gross yield of 5.0% on the 2015 price, before the service charge of about AED 27,300 a year.

Sales and rents for 310 over time

Rents
Unit 310, each contractTypical three-bed in Glitz Residence 2
60K80K100K20182020202220242026Typical rent by year: 2018 AED 97,737; 2019 AED 90,000; 2020 AED 81,000; 2021 AED 71,000; 2022 AED 80,000; 2023 AED 81,000; 2024 AED 85,000; 2025 AED 90,000New contract, March 2018: AED 95,000 a yearNew contract, November 2018: AED 90,000 a yearRenewal, November 2019: AED 86,000 a yearNew contract, February 2021: AED 65,000 a yearRenewal, February 2023: AED 75,000 a year

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 2, and where 310 sits

All 14 3-beds →

310 last sold in August 2015 at AED 907 per sqft, in line with what three-beds in Glitz Residence 2 were fetching at the time (AED 907). 310's AED 75,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
27 Mar 20251,300,000
22 Apr 20241,200,000
1 Jul 2021850,000
30 May 2021900,000
0 3-bed sales in the last 12 months

Glitz Residence 2

Building

146 apartments, studios to 3-bed over 8 floors in Dubai Studio City, completed in 2017 by Danube Properties Development. 1 sold in the last 12 months.

Typical price per sqft
AED 1,140
Typical sale
AED 530K
Typical rent
AED 60K /yr
Typical yield
7.7%
Glitz Residence 2, Dubai Studio City: prices, sales and rents →

Other units on the 3rd floor

All 146 units in Glitz Residence 2
Value
3011-bedAED 550K · Mar 2020
302StudioAED 253K · Mar 2016
3032-bedAED 900K · Jan 2024
3042-bedAED 1.11M · Aug 2015
305StudioAED 535K · Aug 2015
3061-bedAED 690K · Dec 2024
3071-bedAED 470K · Oct 2019
1–7 of 17

310, Glitz Residence 2 in numbers

  • Sold once: by Danube Properties Development on 31 August 2015 for AED 1,495,000, or AED 907 per sqft.
  • Rented since March 2018 on 5 Ejari contracts. The rent fell from AED 95,000 to AED 65,000 in 2021 and recovered to AED 75,000 by February 2023.
  • At AED 75,000 a year the gross yield on the 2015 price is 5.0%, before a service charge of about AED 27,300 a year (AED 16.56 per sqft).

Source: Dubai Land Department. Updated 15 February 2023.

Questions about 310, Glitz Residence 2

What did unit 310 last sell for?

AED 1,495,000 on 31 August 2015, sold by the developer: AED 907 per sqft for 1,647 sqft. It is the only registered sale of the unit.

What is the rent for unit 310?

AED 75,000 a year on the contract renewed on 15 February 2023. The previous contract, from February 2021, was AED 65,000; the unit has been rented since March 2018.

How big is unit 310?

1,647 sqft (153.0 sqm): a three-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2017.

What is unit 310 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 310, Glitz Residence 2

Starts from the last sale price (AED 1.5M, 31 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,495,000
Deposit, UAE resident (20%)
AED 299,000
Deposit, non-resident (40%)
AED 598,000
Monthly over 25 years at 3.7%
AED 6,117

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