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Glitz Residence 1 in Dubai Studio City - Dubai residental property project

Cap rates, sales prices, rents and deal volumes



Sales prices for completed properties in Glitz Residence 1

RoomsSize, sqmSale price, AED/sqmSale price, AED
Studio4211,950499,999
1838,564712,500
21098,704950,000
31537,6451,170,000

Rents in Glitz Residence 1

RoomsSize, sqmRent, AED/sqm/ yearRent, AED
Studio4384436,300
17271851,305

The cap rate (rental yield) of investments into Glitz Residence 1 project is 8.7% on average.

The price of an apartment in Glitz Residence 1 is 8,599 AED/sqm on average.

Price for completed Studio apartment in Glitz Residence 1 is 499,999 AED or 11,950 AED/sqm.
Price for completed 1 bedroom apartment in Glitz Residence 1 is 712,500 AED or 8,564 AED/sqm.
Price for completed 2 bedroom apartment in Glitz Residence 1 is 950,000 AED or 8,704 AED/sqm.
Price for completed 3 bedroom apartment in Glitz Residence 1 is 1,170,000 AED or 7,645 AED/sqm.

Rent in Glitz Residence 1 is 7,645 AED/sqm/year on average for long term rent of an apartment.

Rent for Studio apartment in Glitz Residence 1 is 36,300 AED or 844 AED/sqm.
Rent for 1 bedroom apartment in Glitz Residence 1 is 51,305 AED or 718 AED/sqm.

About Glitz Residence 1

'Glitz Residence 1' in 'Dubai Studio City' area project description

'Glitz Residence 1' is a prominent residential project located in the burgeoning area of Dubai Studio City, known for its vibrant environment tailored for media and entertainment industries. Developed by Danube Properties, this project epitomizes luxurious living combined with modern conveniences and a range of leisure amenities to cater to residents' needs.

The architecture of Glitz Residence 1 is contemporary, blending aesthetic appeal with functional design. The structure comprises a mix of residential units, including studios, one, two, and three-bedroom apartments, making it suitable for singles, couples, as well as families. Each unit is thoughtfully designed, featuring high-quality finishes and expansive glass windows that allow ample natural light, thereby enhancing the living experience.

The residences are equipped with state-of-the-art facilities ensuring a high standard of living. Modern kitchens come fitted with premium appliances and elegant cabinetry, while the bathrooms boast sleek fixtures and fittings. Spacious living areas are another hallmark of these apartments, providing a comfortable space for relaxation and entertainment. Additionally, most units feature balconies that offer splendid views of the surrounding landscape.

Glitz Residence 1 offers an impressive array of amenities aimed at promoting a balanced lifestyle. The rooftop swimming pool is one of the highlights, providing a serene environment to unwind while enjoying panoramic views of Dubai's skyline. The fully equipped gymnasium is ideal for fitness enthusiasts, while the adjacent steam and sauna rooms offer a perfect post-workout relaxation. For those who enjoy outdoor activities, landscaped gardens and dedicated BBQ areas present ideal settings for social gatherings and leisure. The development also includes a mini-golf course, adding a unique recreational option for residents.

Being situated in Dubai Studio City, Glitz Residence 1 benefits from its strategic location. The area boasts a well-developed infrastructure with easy access to major highways like Sheikh Mohammed Bin Zayed Road and Al Khail Road, facilitating convenient commutes to other parts of Dubai. The development is in close proximity to various commercial establishments, shopping centers, and entertainment hubs, ensuring that all essential services and leisure activities are within reach. Furthermore, reputable educational institutions and healthcare facilities are also nearby, enhancing the family-friendly appeal of the neighborhood.

Security and convenience are prioritized at Glitz Residence 1, with stringent 24/7 security measures, a dedicated concierge service, and ample parking spaces for residents and their guests. Enhanced safety features such as CCTV surveillance ensure peace of mind for all occupants.

Glitz Residence 1 exemplifies a blend of elegance, comfort, and convenience, making it a sought-after address in the dynamic locality of Dubai Studio City.

Q&A on Glitz Residence 1

What are the advantages of 'Glitz Residence 1' project in Dubai for property buyers? What are the disadvantages?

Advantages:
1. Prime Location: Situated in Dubai Studio City, close to major employers and business hubs, offering convenience for professionals in the media and entertainment industries.
2. Amenities: Offers a range of high-end amenities such as swimming pools, fitness centers, children’s play areas, and landscaped gardens.
3. Modern Design: Incorporates contemporary architectural styles with high-quality finishes, appealing to modern tastes.
4. Investment Potential: Dubai Studio City is a growing area with significant development prospects, potentially leading to property appreciation.
5. Community Lifestyle: A family-friendly environment with limited traffic congestion compared to other high-density areas of Dubai.
6. Connectivity: Good connectivity through major roads like Sheikh Mohammed Bin Zayed Road and Hessa Street, providing easy access to other parts of Dubai.

Disadvantages:
1. Construction Noise: Ongoing development in the surrounding area may lead to noise and disruption.
2. Public Transport: Limited public transportation options compared to more central locations in Dubai.
3. Social Infrastructure: Fewer schools, hospitals, and shopping centers nearby compared to more established areas.
4. Market Competition: High competition from newer and potentially more luxurious projects in nearby areas like Jumeirah Village Circle (JVC) and Dubai Sports City.
5. Rental Demand: While investment potential is solid, rental demand may fluctuate based on economic conditions and the area's developmental pace.
6. Limited Awareness: Lesser-known area for expatriates and new residents, which might impact initial rental occupancy rates and resale values.

What projects are better than 'Glitz Residence 1' project in Dubai which are located close by, and why?

1. Glitz Residence 2 and 3: These projects are by the same developer, Danube Properties, known for their quality and amenities. They build on the success of Glitz Residence 1 by offering similar but often enhanced features such as a temperature-controlled swimming pool, health club, and more modern fittings.

2. Samana Golf Avenue: Located close to Dubai Studio City, it offers luxury apartments with golf views and premium amenities. The quality of construction and attention to detail often surpasses that of Glitz Residence 1, making it a popular choice among discerning buyers.

3. Montrose by Deyaar: Situated nearby in Dubai Science Park, Montrose provides high-standard apartments with superior amenities such as a fitness center, swimming pools, and retail outlets. It often receives high marks for its build quality and property management services.

4. Belgravia Heights: Developed by Ellington Properties, this project in Jumeirah Village Circle (JVC) offers larger floor plans, high-quality finishes, and a strong emphasis on community living with shared spaces and recreational facilities.

5. Bella Rose by Deyaar: Positioned in Dubai Science Park, Bella Rose is known for its modern design, expansive living spaces, and comprehensive amenities including a swimming pool, gym, and landscaped gardens.

6. Studio One by Select Group: Located in Dubai Marina, although not in Studio City, it often attracts attention for being relatively close and offering stunning views, luxury fittings, and high-end amenities like a state-of-the-art gym and an infinity pool.

These projects frequently provide enhanced design aesthetics, newer amenities, and better-quality construction, which sets them apart from Glitz Residence 1.

What are the closest schools to 'Glitz Residence 1' project in Dubai?

- GEMS Metropole School: Located in Motor City, Dubai, it is one of the closest schools to Glitz Residence 1. The school is well-known for its British curriculum.

- Victory Heights Primary School: Situated in the Victory Heights community, this school is another nearby option and offers a British curriculum.

- Nord Anglia International School Dubai: This school is located in Al Barsha and provides a British curriculum, easy to reach from Dubai Studio City.

- Bradenton Preparatory Academy: Located in Dubai Sports City, it offers an American curriculum and is accessible from the Dubai Studio City area.

- JESS Arabian Ranches: Based in Arabian Ranches, the school offers a British curriculum and is not far from the Glitz Residence development.

- Fairgreen International School: Situated in The Sustainable City, this institution offers the International Baccalaureate (IB) curriculum and is also nearby.

These schools provide a range of curriculums and are relatively close to Glitz Residence 1 in Dubai Studio City.

What are the closest medical clinics to 'Glitz Residence 1' project in Dubai?

1. Emirates Hospital Day Surgery & Medical Center Motor City
- Location: Detroit House, Motor City, Dubai
- Distance: Approximately 5-minute drive from Glitz Residence 1

2. Mediclinic Arabian Ranches
- Location: Retail Centre 2, Arabian Ranches, Dubai
- Distance: Approximately 10-minute drive from Glitz Residence 1

3. Burjeel Medical Centre, Barsha South
- Location: Barsha South, Dubai
- Distance: Approximately 12-minute drive from Glitz Residence 1

4. Aster Clinic, Arabian Ranches
- Location: The Ranches Souk, Arabian Ranches 2, Dubai
- Distance: Approximately 10-minute drive from Glitz Residence 1

5. Prime Medical Center, Motor City
- Location: Control Tower, Motor City, Dubai
- Distance: Approximately 5-minute drive from Glitz Residence 1




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