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6-bed · 14,326 sqftPalazzo Versace, Culture Village · Ground floor · completed 2015

1004, Palazzo Versace

Sold prices and rental history: sold once, by the developer in July 2024, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1004 · DLD and Ejari recordsUpdated 25 July 2024
Last soldAED 25M25 July 2024
Current rentAED 1.65M /yr1 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1004, Palazzo Versace

What is 1004 worth today?

Last sold for AED 25,000,000 in 2024

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25 Jul 2024Sold by developerReady
AED 25,000,000AED 1,745 per sqft
1 Oct 2017RentedNew contract
AED 1,650,000/yr12 months · AED 115 per sqft
1 Oct 2016RentedNew contract
AED 1,650,000/yr12 months · AED 115 per sqft

Source: Dubai Land Department. Updated 25 July 2024.

Key facts

Type
6-bed apartment
Size
14,326 sqft
Floor
Ground of 8
Parking
B1M-W017, B1M-W018, B1M-W019
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 25M · July 2024
Building
Palazzo Versace

About 1004, Palazzo Versace

1004 is a six-bedroom apartment of 14,326 sqft on the ground floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 25 July 2024 for AED 25,000,000, or AED 1,745 per sqft.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 1 October 2017, is AED 1,650,000 a year: a gross yield of 6.6% on the 2024 price.

6-beds in Palazzo Versace, and where 1004 sits

All 2 6-beds →
0 6-bed sales in the last 12 months

Palazzo Versace

Building

166 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 267K /yr
Typical yield
6.0%
Palazzo Versace, Culture Village: prices, sales and rents →

Other units on the ground floor

All 166 units in Palazzo Versace
Value
10014-bedAED 15.5M · Jun 2023
10023-bedAED 3.5M · Aug 2019
10033-bedAED 10.4M · Oct 2026
10053-bedAED 15.13M · Feb 2009
10063-bedAED 13.34M · Jun 2014
10074-bedAED 15.25M · Oct 2024
20084-bedAED 14M · Dec 2023
1–7 of 12

1004, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 25 July 2024 for AED 25,000,000, or AED 1,745 per sqft.
  • Rented since October 2016 on 2 Ejari contracts, at AED 1,650,000 a year.
  • At AED 1,650,000 a year the gross yield on the 2024 price is 6.6%.

Source: Dubai Land Department. Updated 25 July 2024.

Questions about 1004, Palazzo Versace

What did unit 1004 last sell for?

AED 25,000,000 on 25 July 2024, sold by the developer: AED 1,745 per sqft for 14,326 sqft. It is the only registered sale of the unit.

What is the rent for unit 1004?

AED 1,650,000 a year on the contract signed on 1 October 2017. The previous contract, from October 2016, was AED 1,650,000.

How big is unit 1004?

14,326 sqft (1330.9 sqm): a six-bedroom apartment on the ground floor of a 8-storey tower completed in 2015.

What is unit 1004 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 1004, Palazzo Versace

Starts from the last sale price (AED 25M, 25 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 25,000,000
Deposit, UAE resident (20%)
AED 5,000,000
Deposit, non-resident (40%)
AED 10,000,000
Monthly over 25 years at 3.7%
AED 102,283

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →