1007, Palazzo Versace
Sold prices and rental history: sold 4 times, last in October 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1007, Palazzo Versace
What is 1007 worth today?
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Source: Dubai Land Department. Updated 24 October 2024.
Key facts
- Type
- 4-bed apartment
- Size
- 6,552 sqft
- Floor
- Ground of 8
- Parking
- B1-W072, B1-W073, B1-W074
- Developer
- Emirates PV Dubai
- Completed
- 2015
- Last sold
- AED 15.25M · October 2024
- Building
- Palazzo Versace
About 1007, Palazzo Versace
1007 is a four-bedroom apartment of 6,552 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 24 October 2024 for AED 15,250,000, or AED 2,327 per sqft.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 19 April 2024, is AED 850,000 a year: a gross yield of 5.6% on the 2024 price.
Sales and rents for 1007 over time
1007 has sold 4 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 1007 sits
All 17 4-beds →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. 1007's AED 850,000 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 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 | ||
| 1006 | 3-bed | 4,806 sqft | AED 13.34MAED 13,344,000 · Jun 2014June 2014 | 600,000 /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 |
1007, Palazzo Versace in numbers
- Sold 4 times: first on 24 February 2009 for AED 18,700,312, last on 24 October 2024 for AED 15,250,000 (AED 2,327 per sqft).
- Rented since October 2019 on 5 Ejari contracts, from AED 390,000 to AED 850,000 a year.
- At AED 850,000 a year the gross yield on the 2024 price is 5.6%.
- 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 24 October 2024.
Questions about 1007, Palazzo Versace
What did unit 1007 last sell for?
AED 15,250,000 on 24 October 2024: AED 2,327 per sqft for 6,552 sqft. The unit has 4 registered sales; the first was AED 18,700,312 in February 2009.
What is the rent for unit 1007?
AED 850,000 a year on the contract signed on 19 April 2024. The previous contract, from April 2023, was AED 1,000,000; the unit has been rented since October 2019.
How big is unit 1007?
6,552 sqft (608.7 sqm): a four-bedroom apartment on the ground floor of a 8-storey tower completed in 2015.
What is unit 1007 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 1007, Palazzo Versace
Starts from the last sale price (AED 15.25M, 24 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 15,250,000
- Deposit, UAE resident (20%)
- AED 3,050,000
- Deposit, non-resident (40%)
- AED 6,100,000
- Monthly over 25 years at 3.7%
- AED 62,392
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →