816, Glitz Residence 2
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 816, Glitz Residence 2
What is 816 worth today?
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Source: Dubai Land Department. Updated 15 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,175 sqft
- Floor
- 8th of 8
- Parking
- B-93, B-94
- Developer
- Danube Properties Development
- Completed
- 2017
- Service charge
- AED 19,500 /yr
- Last sold
- AED 1.09M · June 2015
- Building
- Glitz Residence 2
About 816, Glitz Residence 2
816 is a two-bedroom apartment of 1,175 sqft on the 8th 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 continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 15 August 2024, is AED 75,600 a year: a gross yield of 6.9% on the 2015 price, before the service charge of about AED 19,500 a year.
Sales and rents for 816 over time
816 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 816 sits
All 31 2-beds →816 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 8th floor
All 146 units in Glitz Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 801 | 1-bed | 394 sqft | AED 403KAED 403,000 · Oct 2016October 2016 | 54,000 /yr | |
| 802 | Studio | 232 sqft | AED 505KAED 505,000 · Aug 2015August 2015 | ||
| 803 | 2-bed | 600 sqft | AED 1.09MAED 1,090,000 · Feb 2015February 2015 | ||
| 804 | 2-bed | 1,196 sqft | AED 361KAED 361,250 · Oct 2022October 2022 | 50,000 /yr | |
| 805 | Studio | 490 sqft | AED 290KAED 290,000 · Sep 2020September 2020 | 40,000 /yr | |
| 806 | 1-bed | 672 sqft | AED 770KAED 770,000 · Jun 2015June 2015 | 42,000 /yr | |
| 807 | 1-bed | 739 sqft | AED 820KAED 820,000 · Jun 2015June 2015 | 72,000 /yr | |
| 808 | 1-bed | 674 sqft | AED 770KAED 770,000 · Sep 2015September 2015 | 60,000 /yr | |
| 809 | 3-bed | 1,647 sqft | AED 1.5MAED 1,495,000 · Sep 2015September 2015 | 85,000 /yr | |
| 810 | 3-bed | 1,647 sqft | AED 900KAED 900,000 · May 2021May 2021 | 88,200 /yr | |
| 811 | 1-bed | 675 sqft | AED 770KAED 770,000 · Jun 2015June 2015 | 48,070 /yr | |
| 812 | 739 sqft | AED 900KAED 900,000 · Aug 2025August 2025 | 44,000 /yr | ||
| 813 | 1-bed | 674 sqft | AED 460KAED 460,000 · Sep 2022September 2022 | 42,000 /yr | |
| 814 | Studio | 490 sqft | AED 550KAED 550,000 · Aug 2024August 2024 | 41,000 /yr | |
| 815 | 2-bed | 1,197 sqft | AED 830KAED 830,000 · Jul 2023July 2023 | 86,000 /yr | |
| 817 | Studio | 451 sqft | AED 360KAED 360,000 · Sep 2023September 2023 | 45,000 /yr | |
| 818 | 1-bed | 762 sqft | AED 805KAED 805,000 · Jun 2015June 2015 | 55,000 /yr |
816, 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 April 2018 on 5 Ejari contracts. The rent fell from AED 80,000 to AED 55,000 in 2021 and recovered to AED 75,600 by August 2024.
- At AED 75,600 a year the gross yield on the 2015 price is 6.9%, before a service charge of about AED 19,500 a year (AED 16.56 per sqft).
Source: Dubai Land Department. Updated 15 August 2024.
Questions about 816, Glitz Residence 2
What did unit 816 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 816?
AED 75,600 a year on the contract renewed on 15 August 2024. The previous contract, from August 2022, was AED 58,000; the unit has been rented since April 2018.
How big is unit 816?
1,175 sqft (109.2 sqm): a two-bedroom apartment on the 8th floor of a 8-storey tower completed in 2017.
What is unit 816 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 816, 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 the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →