1006, Palazzo Versace
Sold prices and rental history: sold once, by the developer in June 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1006, Palazzo Versace
What is 1006 worth today?
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Source: Dubai Land Department. Updated 8 December 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 4,806 sqft
- Floor
- Ground of 8
- Parking
- B1-W082, B1-W083
- Developer
- Emirates PV Dubai
- Completed
- 2015
- Last sold
- AED 13.34M · June 2014
- Building
- Palazzo Versace
About 1006, Palazzo Versace
1006 is a three-bedroom apartment of 4,806 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 9 June 2014 for AED 13,344,000, or AED 2,776 per sqft, 13% below the AED 3,175 three-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, renewed on 8 December 2024, is AED 600,000 a year: a gross yield of 4.5% on the 2014 price.
Sales and rents for 1006 over time
1006 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Palazzo Versace, and where 1006 sits
All 65 3-beds →1006 last sold in June 2014 at AED 2,776 per sqft, 13% below what three-beds in Palazzo Versace were fetching at the time (AED 3,175). Over the last 12 months three-beds sold for AED 3,574,440 to 10,400,000, around AED 2,051 per sqft, and rent for AED 300,000 to 800,000 a year. 1006's AED 600,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Oct 20265 October 2026 | 5,069 sqft | 10,400,000 | 2,051 | ||
| 6 Jul 20266 July 2026 | 2,239 sqft | 4,250,000 | 1,897 | ||
| 12 Feb 202612 February 2026 | 2,238 sqft | 5,800,000 | 2,591 | ||
| 11 Feb 202611 February 2026 | 3,799 sqft | 9,000,000 | 2,369 |
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 267K /yr
- Typical yield
- 6.0%
Other units on the ground floor
All 166 units in Palazzo Versace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 4-bed | 6,444 sqft | AED 15.5MAED 15,500,000 · Jun 2023June 2023 | 800,000 /yr | |
| 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 | ||
| 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 |
1006, Palazzo Versace in numbers
- Sold once: by Emirates PV Dubai on 9 June 2014 for AED 13,344,000, or AED 2,776 per sqft.
- Rented since October 2018 on 9 Ejari contracts, from AED 350,000 to AED 600,000 a year.
- At AED 600,000 a year the gross yield on the 2014 price is 4.5%.
- Three-beds in Palazzo Versace sold for AED 3,574,440–10,400,000 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 8 December 2024.
Questions about 1006, Palazzo Versace
What did unit 1006 last sell for?
AED 13,344,000 on 9 June 2014, sold by the developer: AED 2,776 per sqft for 4,806 sqft. It is the only registered sale of the unit.
What is the rent for unit 1006?
AED 600,000 a year on the contract renewed on 8 December 2024. The previous contract, from December 2024, was AED 600,000; the unit has been rented since October 2018.
How big is unit 1006?
4,806 sqft (446.5 sqm): a three-bedroom apartment on the ground floor of a 8-storey tower completed in 2015.
What is unit 1006 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palazzo Versace sold for AED 3,574,440 to 10,400,000 in the last 12 months, around AED 2,051 per sqft.
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Mortgage on 1006, Palazzo Versace
Starts from the last sale price (AED 13.34M, 9 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 13,344,000
- Deposit, UAE resident (20%)
- AED 2,668,800
- Deposit, non-resident (40%)
- AED 5,337,600
- Monthly over 25 years at 3.7%
- AED 54,594
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →