Studio · 443 sqftGlitz Residence 3 Tower 1, Dubai Studio City · 6th floor · completed 2017

602, Glitz Residence 3 Tower 1

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 6 November 2024
Last soldAED 410K30 October 2024
Current rentAED 36K /yr6 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Glitz Residence 3 Tower 1

What is 602 worth today?

Last sold for AED 410,000 in 2024

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6 Nov 2024RentedNew contract
AED 36,000/yr12 months · AED 82 per sqft
30 Oct 2024SoldReady
AED 410,000AED 926 per sqft
6 Oct 2023RentedRenewal
AED 32,000/yr13 months · AED 73 per sqft
6 Oct 2022RentedNew contract
AED 32,000/yr12 months · AED 73 per sqft
1 Jul 2021RentedNew contract
AED 23,000/yr12 months · AED 52 per sqft
23 Sep 2018RentedNew contract
AED 35,000/yr12 months · AED 79 per sqft
29 Oct 2015Sold by developerOff-plan
AED 485,000AED 1,096 per sqft

Source: Dubai Land Department. Updated 6 November 2024.

Key facts

Type
Studio apartment
Size
443 sqft
Floor
6th of 8
Parking
B-271
Developer
Danube Properties Development
Completed
2017
Service charge
AED 6,900 /yr
Last sold
AED 410K · October 2024

About 602, Glitz Residence 3 Tower 1

602 is a studio of 443 sqft on the 6th floor of Glitz Residence 3 Tower 1, a 8-storey tower in Dubai Studio City completed in 2017 by Danube Properties Development. It last sold on 30 October 2024 for AED 410,000, or AED 926 per sqft.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 6 November 2024, is AED 36,000 a year: a gross yield of 8.8% on the 2024 price, before the service charge of about AED 6,900 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical studio in Glitz Residence 3 Tower 1
400K450K500K2015201820212024Typical sale price by year: 2015 AED 480,000; 2023 AED 390,000Sold by developer, October 2015: AED 485,000 (AED 1,096 per sqft)Sold, October 2024: AED 410,000 (AED 926 per sqft)

602 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 602, each contractTypical studio in Glitz Residence 3 Tower 1
20K30K40K20182020202220242026Typical rent by year: 2018 AED 38,000; 2019 AED 35,500; 2020 AED 30,000; 2021 AED 24,000; 2022 AED 27,600; 2023 AED 31,309; 2024 AED 36,000; 2025 AED 45,000New contract, September 2018: AED 35,000 a yearNew contract, July 2021: AED 23,000 a yearNew contract, October 2022: AED 32,000 a yearRenewal, October 2023: AED 32,000 a yearNew contract, November 2024: AED 36,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Glitz Residence 3 Tower 1, and where 602 sits

All 14 studios →

602's AED 36,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Feb 2025460,000
7 Nov 2024430,000
29 Nov 2023400,000
20 Sep 2023387,000
0 studio sales in the last 12 months

Glitz Residence 3 Tower 1

Building

176 apartments, studios to 3-bed over 8 floors in Dubai Studio City, completed in 2017 by Danube Properties Development. 6 sold in the last 12 months.

Typical price per sqft
AED 960
Typical sale
AED 1.08M
Typical rent
AED 63K /yr
Typical yield
8.1%
Glitz Residence 3 Tower 1, Dubai Studio City: prices, sales and rents →

Other units on the 6th floor

All 176 units in Glitz Residence 3 Tower 1
Value
6013-bedAED 1.35M · Apr 2016
6031-bedAED 820K · Oct 2015
6042-bedAED 1.03M · Oct 2023
6052-bedAED 1.11M · Nov 2016
6061-bedAED 250K · Nov 2021
6071-bedAED 820K · Oct 2015
6081-bedAED 786K · Oct 2015
1–7 of 21

602, Glitz Residence 3 Tower 1 in numbers

  • Sold twice: first on 29 October 2015 for AED 485,000, last on 30 October 2024 for AED 410,000 (AED 926 per sqft).
  • Rented since September 2018 on 5 Ejari contracts. The rent fell from AED 35,000 to AED 23,000 in 2021 and recovered to AED 36,000 by November 2024.
  • At AED 36,000 a year the gross yield on the 2024 price is 8.8%, before a service charge of about AED 6,900 a year (AED 15.66 per sqft).

Source: Dubai Land Department. Updated 6 November 2024.

Questions about 602, Glitz Residence 3 Tower 1

What did unit 602 last sell for?

AED 410,000 on 30 October 2024: AED 926 per sqft for 443 sqft. The unit has 2 registered sales; the first was AED 485,000 in October 2015.

What is the rent for unit 602?

AED 36,000 a year on the contract signed on 6 November 2024. The previous contract, from October 2023, was AED 32,000; the unit has been rented since September 2018.

How big is unit 602?

443 sqft (41.2 sqm): a studio on the 6th floor of a 8-storey tower completed in 2017.

What is unit 602 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 602, Glitz Residence 3 Tower 1

Starts from the last sale price (AED 410K, 30 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 410,000
Deposit, UAE resident (20%)
AED 82,000
Deposit, non-resident (40%)
AED 164,000
Monthly over 25 years at 3.7%
AED 1,677

Plus AED 20,130 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →