316, Glitz Residence 2
Sold prices and rental history: sold once, by the developer in June 2015, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 316, Glitz Residence 2
What is 316 worth today?
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Source: Dubai Land Department. Updated 15 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,175 sqft
- Floor
- 3rd of 8
- Parking
- B-133, B-134
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 19,500 /yr
- Last sold
- AED 1.09M · June 2015
- Building
- Glitz Residence 2
About 316, Glitz Residence 2
316 is a two-bedroom apartment of 1,175 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 7 June 2015 for AED 1,090,000, or AED 927 per sqft, in line with the AED 924 two-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 15 February 2025, is AED 78,000 a year: a gross yield of 7.2% on the 2015 price, before the service charge of about AED 19,500 a year.
Sales and rents for 316 over time
316 has sold once; the dashed line is the two-bed median of each year in the building.
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 2, and where 316 sits
All 31 2-beds →316 last sold in June 2015 at AED 927 per sqft, in line with what two-beds in Glitz Residence 2 were fetching at the time (AED 924).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Jun 202420 June 2024 | 1,361 sqft | 1,025,000 | 753 | ||
| 20 May 202420 May 2024 | 1,200 sqft | 950,000 | 791 | ||
| 16 Jan 202416 January 2024 | 1,200 sqft | 900,000 | 750 | ||
| 18 Oct 202318 October 2023 | 1,197 sqft | 870,000 | 726 |
Glitz Residence 2
Building146 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%
Other units on the 3rd floor
All 146 units in Glitz Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 786 sqft | AED 550KAED 550,000 · Mar 2020March 2020 | 53,000 /yr | |
| 302 | Studio | 235 sqft | AED 253KAED 252,500 · Mar 2016March 2016 | 44,100 /yr | |
| 303 | 2-bed | 1,200 sqft | AED 900KAED 900,000 · Jan 2024January 2024 | 80,000 /yr | |
| 304 | 2-bed | 1,196 sqft | AED 1.11MAED 1,105,000 · Aug 2015August 2015 | 80,000 /yr | |
| 305 | Studio | 490 sqft | AED 535KAED 535,000 · Aug 2015August 2015 | 25,000 /yr | |
| 306 | 1-bed | 672 sqft | AED 690KAED 690,000 · Dec 2024December 2024 | 60,000 /yr | |
| 307 | 1-bed | 739 sqft | AED 470KAED 470,000 · Oct 2019October 2019 | ||
| 308 | 1-bed | 674 sqft | AED 770KAED 770,000 · Apr 2015April 2015 | 59,500 /yr | |
| 309 | 3-bed | 1,647 sqft | AED 1.5MAED 1,495,000 · Aug 2015August 2015 | 80,000 /yr | |
| 310 | 3-bed | 1,647 sqft | AED 1.5MAED 1,495,000 · Aug 2015August 2015 | 75,000 /yr | |
| 311 | 1-bed | 675 sqft | AED 770KAED 770,000 · Jun 2015June 2015 | 58,433 /yr | |
| 312 | 1-bed | 739 sqft | AED 530KAED 530,000 · Sep 2023September 2023 | 39,913 /yr | |
| 313 | 1-bed | 674 sqft | AED 655KAED 655,000 · Jun 2024June 2024 | 55,000 /yr | |
| 314 | Studio | 490 sqft | AED 535KAED 535,000 · Sep 2015September 2015 | 21,000 /yr | |
| 315 | 2-bed | 1,197 sqft | AED 1.11MAED 1,105,000 · Aug 2015August 2015 | 70,000 /yr | |
| 317 | Studio | 451 sqft | AED 505KAED 505,000 · Jun 2015June 2015 | 34,788 /yr | |
| 318 | 1-bed | 762 sqft | AED 805KAED 805,000 · Aug 2015August 2015 | 68,000 /yr |
316, Glitz Residence 2 in numbers
- Sold once: by Danube Properties Development on 7 June 2015 for AED 1,090,000, or AED 927 per sqft.
- Rented since February 2023 on 3 Ejari contracts, from AED 68,000 to AED 78,000 a year.
- At AED 78,000 a year the gross yield on the 2015 price is 7.2%, before a service charge of about AED 19,500 a year (AED 16.56 per sqft).
Source: Dubai Land Department. Updated 15 February 2025.
Questions about 316, Glitz Residence 2
What did unit 316 last sell for?
AED 1,090,000 on 7 June 2015, sold by the developer: AED 927 per sqft for 1,175 sqft. It is the only registered sale of the unit.
What is the rent for unit 316?
AED 78,000 a year on the contract renewed on 15 February 2025. The previous contract, from February 2024, was AED 74,000; the unit has been rented since February 2023.
How big is unit 316?
1,175 sqft (109.2 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2017.
What is unit 316 worth today?
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Mortgage on 316, Glitz Residence 2
Starts from the last sale price (AED 1.09M, 7 June 2015). 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 AED 50,790 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →