Glitz 1 is one of three buildings in the Glitz residential complex located in Dubai Studio City. Developed by Danube Properties, the nine-storey building was built in 2017 and consists of a total of 146 units, including studios and one- to three-bedroom apartments featuring modern interiors. There are five retail spaces on the lower floors that are available to rent. In addition, the building includes underground parking for residents and several high-speed elevators.
Glitz 1 provides round-the-clock security with video surveillance. Residents and guests are greeted by a concierge in the lobby situated on the first floor. DEWA and Empower provide the utilities, and there are onsite fire extinguishers and a reserve power supply system.
Apartments range in size from 465 sq. ft (43 sq. m) to 1,647 sq. ft (153 sq. m). Interiors feature elegant finishes and spacious balconies with beautiful views of the surrounding area. Residents have all the necessary facilities for a comfortable living environment.
The most popular properties are one-bedroom apartments, which cost approximately AED 1,000,000 (USD 272,259).
Glitz 1 offers real estate that is considered to be a part of an elite segment. However, properties can be purchased at affordable prices, which attracts investors and tenants to the area. Dubai Studio City is a vibrant and well-developed part of the emirate.
The complex has apartments available for sale and rent, and the average rental price for a one-bedroom apartment is AED 45,000 (USD 12,252), per year.
Three-bedroom apartments have the highest return on investment rate of approximately 8.4%.