1001, Palazzo Versace
Sold prices and rental history: sold 3 times, last in June 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1001, Palazzo Versace
What is 1001 worth today?
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Source: Dubai Land Department. Updated 15 January 2025.
Key facts
- Type
- 4-bed apartment
- Size
- 6,444 sqft
- Floor
- Ground of 8
- Parking
- B1M-W032, B1M-W033, B1-W034
- Developer
- Emirates PV Dubai
- Completed
- 2015
- Last sold
- AED 15.5M · June 2023
- Building
- Palazzo Versace
About 1001, Palazzo Versace
1001 is a four-bedroom apartment of 6,444 sqft on the ground floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 26 June 2023 for AED 15,500,000, or AED 2,405 per sqft, 25% above the AED 1,929 four-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 15 January 2025, is AED 800,000 a year: a gross yield of 5.2% on the 2023 price.
Sales and rents for 1001 over time
1001 has sold 3 times; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Palazzo Versace, and where 1001 sits
All 17 4-beds →1001 last sold in June 2023 at AED 2,405 per sqft, 25% above what four-beds in Palazzo Versace were fetching at the time (AED 1,929). Over the last 12 months four-beds sold for AED 12,800,000, around AED 2,429 per sqft, and rent for AED 301,622 to 625,000 a year. 1001's AED 800,000 is at the top of that range.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 May 20261 May 2026 | 5,269 sqft | 12,800,000 | 2,429 | ||
| 22 Jul 202522 July 2025 | 5,032 sqft | 8,125,000 | 1,614 | ||
| 24 Dec 202424 December 2024 | 4,715 sqft | 13,500,000 | 2,862 | ||
| 20 Dec 202420 December 2024 | 5,016 sqft | 13,000,000 | 2,591 |
Palazzo Versace
Building166 apartments, 1-bed to 6-bed over 8 floors in Culture Village, completed in 2015 by Emirates PV Dubai. 15 sold in the last 12 months.
- Typical price per sqft
- AED 2,051 Down 0.3%
- Typical sale
- AED 3.9M
- Typical rent
- AED 268K /yr
- Typical yield
- 6.0%
Other units on the ground floor
All 166 units in Palazzo Versace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | 3-bed | 5,084 sqft | AED 3.5MAED 3,500,000 · Aug 2019August 2019 | 800,000 /yr | |
| 1003 | 3-bed | 5,069 sqft | AED 10.4MAED 10,400,000 · Oct 2026October 2026 | 1,258,741 /yr | |
| 1004 | 6-bed | 14,326 sqft | AED 25MAED 25,000,000 · Jul 2024July 2024 | 1,650,000 /yr | |
| 1005 | 3-bed | 4,869 sqft | AED 15.13MAED 15,125,000 · Feb 2009February 2009 | ||
| 1006 | 3-bed | 4,806 sqft | AED 13.34MAED 13,344,000 · Jun 2014June 2014 | 600,000 /yr | |
| 1007 | 4-bed | 6,552 sqft | AED 15.25MAED 15,250,000 · Oct 2024October 2024 | 850,000 /yr | |
| 2008 | 4-bed | 6,444 sqft | AED 14MAED 14,000,000 · Dec 2023December 2023 | 40,000 /yr | |
| 2009 | 3-bed | 5,084 sqft | AED 12MAED 12,000,000 · Aug 2012August 2012 | 650,000 /yr | |
| 2010 | 3-bed | 5,075 sqft | AED 12MAED 12,000,000 · Aug 2012August 2012 | 750,000 /yr | |
| 2011 | 6-bed | 15,246 sqft | No registered sale | 263,858 /yr | |
| 2012 | 3-bed | 4,879 sqft | AED 6.16MAED 6,157,543 · Mar 2022March 2022 | 25,000 /yr | |
| 2013 | 3-bed | 4,806 sqft | AED 15.2MAED 15,200,000 · Feb 2009February 2009 |
1001, Palazzo Versace in numbers
- Sold 3 times: first on 24 February 2009 for AED 20,537,564, last on 26 June 2023 for AED 15,500,000 (AED 2,405 per sqft).
- Rented since September 2020 on 6 Ejari contracts, from AED 400,000 to AED 800,000 a year.
- At AED 800,000 a year the gross yield on the 2023 price is 5.2%.
- Four-beds in Palazzo Versace sold for AED 12,800,000–12,800,000 in the 12 months to November 2026; the building's median across all types is AED 2,051 per sqft.
Source: Dubai Land Department. Updated 15 January 2025.
Questions about 1001, Palazzo Versace
What did unit 1001 last sell for?
AED 15,500,000 on 26 June 2023: AED 2,405 per sqft for 6,444 sqft. The unit has 3 registered sales; the first was AED 20,537,564 in February 2009.
What is the rent for unit 1001?
AED 800,000 a year on the contract renewed on 15 January 2025. The previous contract, from January 2025, was AED 800,000; the unit has been rented since September 2020.
How big is unit 1001?
6,444 sqft (598.7 sqm): a four-bedroom apartment on the ground floor of a 8-storey tower completed in 2015.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Palazzo Versace sold for AED 12,800,000 to 12,800,000 in the last 12 months, around AED 2,429 per sqft.
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Mortgage on 1001, Palazzo Versace
Starts from the last sale price (AED 15.5M, 26 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 15,500,000
- Deposit, UAE resident (20%)
- AED 3,100,000
- Deposit, non-resident (40%)
- AED 6,200,000
- Monthly over 25 years at 3.7%
- AED 63,415
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →