Glitz Residence 2
About the project
Glitz Residence 2 is a residential complex located in Dubai Studio City. Properties include studios and one- to three-bedroom apartments. The developer of the project is Danube Properties. Construction of the residences began in 2015 and was completed in 2017.
The complex features Spanish-inspired wall tiles in the lobby, flower boxes on each floor, common areas with stairs and aluminium railings, tempered glass with lamination, crystal chandeliers, and luxury furniture by Milano.
Studios have a minimum size of 42 sq. m (451 sq. ft.). Units come with furniture and kitchen appliances. Residents can enjoy a variety of onsite amenities, including:
- State-of-the-art gym
- Children’s playground
- Retail outlets and convenience stores, such as SPAR and SPAR Express
- Mini-golf course
- High-speed elevators
- Sauna and Jacuzzi
- Tennis and basketball courts
- Multipurpose storage facilities
- Rooftop swimming pool
- Terrace with recreation space and barbecue area
- Two gardens with outdoor gazebos
- Concierge services
- Underground parking
- Pet-friendly accommodations
The price of a studio starts at AED 410,000 (USD 112,000), and the price of a one-bedroom apartment starts at AED 600,000 (USD 163,000).
Studios have an annual rental rate that starts at AED 30,000 (USD 8,000).
*The price is valid for 2021
Location
Glitz Residence 2 is located near Sheikh Mohammed Bin Zayed Road, which provides residents with easy access to other parts of the city. The complex is located within a short drive of many popular city attractions, including:
- Taqado Mexican Kitchen 3 minutes
- Nutri Bowl Café – 5 minutes
- Dubai Autodrome – 10 minutes
- Dubai Butterfly Garden – 15 minutes
- Palm Jumeirah, Burj Al Arab, and Walk JBR – 20 minutes
- Dubai Mall and La Mer by Meraas – 25 minutes
- Dubai International Airport – 27 minutes
- Al Maktoum International Airport – 28 minutes
Return on investment
The average rental rate for a one-bedroom apartment at Glitz Residence 2, with a size of 740 sq. ft. (68 sq. m), is approximately AED 56,000 (USD 15,000), per year. The complex offers several profitable investment opportunities. Studios have a return on investment rate of 8.1%, and one-bedroom apartments have a return rate of 7.1%.
*The price is valid for 2021
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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