518, Glitz Residence 2
Sold prices and rental history: sold twice, last in February 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 518, Glitz Residence 2
What is 518 worth today?
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Source: Dubai Land Department. Updated 25 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 762 sqft
- Floor
- 5th of 8
- Parking
- B-09
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 615K · February 2024
- Building
- Glitz Residence 2
About 518, Glitz Residence 2
518 is a one-bedroom apartment of 762 sqft on the 5th floor of Glitz Residence 2, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 7 February 2024 for AED 615,000, or AED 807 per sqft, in line with the AED 807 one-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 25 April 2024, is AED 50,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 12,600 a year.
Sales and rents for 518 over time
518 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Glitz Residence 2, and where 518 sits
All 62 1-beds →518 last sold in February 2024 at AED 807 per sqft, in line with what one-beds in Glitz Residence 2 were fetching at the time (AED 807). 518's AED 50,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Jul 202529 July 2025 | 802 sqft | 720,000 | 898 | ||
| 20 May 202520 May 2025 | 786 sqft | 750,000 | 953 | ||
| 16 Apr 202516 April 2025 | 762 sqft | 710,000 | 932 | ||
| 12 Feb 202512 February 2025 | 672 sqft | 680,000 | 1,011 |
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 5th floor
All 146 units in Glitz Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 786 sqft | AED 805KAED 805,000 · Aug 2015August 2015 | 48,510 /yr | |
| 502 | Studio | 465 sqft | AED 505KAED 505,000 · Aug 2015August 2015 | 30,000 /yr | |
| 503 | 2-bed | 1,200 sqft | AED 1.09MAED 1,090,000 · Aug 2015August 2015 | 69,824 /yr | |
| 504 | 2-bed | 1,196 sqft | AED 710KAED 710,000 · Jun 2021June 2021 | 50,000 /yr | |
| 505 | Studio | 490 sqft | AED 535KAED 535,000 · Jun 2017June 2017 | 40,800 /yr | |
| 506 | 1-bed | 672 sqft | AED 770KAED 770,000 · Jun 2015June 2015 | ||
| 507 | 1-bed | 739 sqft | AED 820KAED 820,000 · Sep 2015September 2015 | 52,800 /yr | |
| 508 | 1-bed | 674 sqft | AED 770KAED 770,000 · Aug 2015August 2015 | 57,000 /yr | |
| 509 | 3-bed | 1,647 sqft | AED 1.3MAED 1,300,000 · Mar 2025March 2025 | 84,765 /yr | |
| 510 | 3-bed | 1,647 sqft | AED 1.2MAED 1,200,000 · Apr 2024April 2024 | 86,000 /yr | |
| 511 | 1-bed | 675 sqft | AED 770KAED 770,000 · Aug 2015August 2015 | 55,440 /yr | |
| 512 | 1-bed | 739 sqft | AED 820KAED 820,000 · Sep 2015September 2015 | 59,000 /yr | |
| 513 | 1-bed | 674 sqft | AED 570KAED 570,000 · Feb 2024February 2024 | 62,000 /yr | |
| 514 | Studio | 490 sqft | AED 310KAED 310,000 · Jun 2022June 2022 | 39,930 /yr | |
| 515 | 2-bed | 1,197 sqft | AED 870KAED 870,000 · Oct 2023October 2023 | 86,000 /yr | |
| 516 | 2-bed | 1,175 sqft | AED 1.09MAED 1,090,000 · Aug 2015August 2015 | 82,000 /yr | |
| 517 | Studio | 451 sqft | AED 499KAED 499,000 · Aug 2018August 2018 | 42,900 /yr |
518, Glitz Residence 2 in numbers
- Sold twice: first on 31 August 2015 for AED 805,000, last on 7 February 2024 for AED 615,000 (AED 807 per sqft).
- Rented since April 2024 on 2 Ejari contracts, at AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2024 price is 8.1%, before a service charge of about AED 12,600 a year (AED 16.56 per sqft).
Source: Dubai Land Department. Updated 25 April 2024.
Questions about 518, Glitz Residence 2
What did unit 518 last sell for?
AED 615,000 on 7 February 2024: AED 807 per sqft for 762 sqft. The unit has 2 registered sales; the first was AED 805,000 in August 2015.
What is the rent for unit 518?
AED 50,000 a year on the contract signed on 25 April 2024. The previous contract, from April 2024, was AED 50,000.
How big is unit 518?
762 sqft (70.8 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2017.
What is unit 518 worth today?
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Mortgage on 518, Glitz Residence 2
Starts from the last sale price (AED 615K, 7 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 615,000
- Deposit, UAE resident (20%)
- AED 123,000
- Deposit, non-resident (40%)
- AED 246,000
- Monthly over 25 years at 3.7%
- AED 2,516
Plus AED 30,840 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →