1101, Palazzo Versace
Sold prices and rental history: sold 3 times, last in September 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1101, Palazzo Versace
What is 1101 worth today?
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Source: Dubai Land Department. Updated 28 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 2,998 sqft
- Floor
- 1st of 8
- Parking
- B1-W084, B1-W085
- Developer
- Emirates PV Dubai
- Completed
- 2015
- Last sold
- AED 4.4M · September 2023
- Building
- Palazzo Versace
About 1101, Palazzo Versace
1101 is a two-bedroom apartment of 2,998 sqft on the 1st floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 28 September 2023 for AED 4,400,000, or AED 1,467 per sqft, 19% below the AED 1,809 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 30 March 2022, is AED 280,000 a year: a gross yield of 6.4% on the 2023 price.
Sales and rents for 1101 over time
1101 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Palazzo Versace, and where 1101 sits
All 77 2-beds →1101 last sold in September 2023 at AED 1,467 per sqft, 19% below what two-beds in Palazzo Versace were fetching at the time (AED 1,809). Over the last 12 months two-beds sold for AED 3,015,526 to 4,000,000, around AED 2,041 per sqft, and rent for AED 165,000 to 330,000 a year. 1101's AED 280,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Oct 20265 October 2026 | 1,763 sqft | 3,600,000 | 2,041 | ||
| 2 Oct 20262 October 2026 | 1,801 sqft | 3,900,000 | 2,165 | ||
| 19 Aug 202619 August 2026 | 2,038 sqft | 4,000,000 | 1,962 | ||
| 22 Jul 202622 July 2026 | 2,049 sqft | 3,500,000 | 1,708 |
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 1st floor
All 166 units in Palazzo Versace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1102 | 3-bed | 4,895 sqft | AED 14MAED 14,000,000 · Feb 2015February 2015 | 359,370 /yr | |
| 1103 | 3-bed | 5,669 sqft | AED 7.4MAED 7,400,000 · Mar 2019March 2019 | ||
| 2106 | 2-bed | 2,998 sqft | AED 5.2MAED 5,200,000 · Nov 2024November 2024 | 290,000 /yr | |
| 2107 | 3-bed | 4,895 sqft | AED 8.99MAED 8,993,450 · Sep 2012September 2012 | 475,000 /yr |
1101, Palazzo Versace in numbers
- Sold 3 times: first on 14 November 2012 for AED 6,311,000, last on 28 September 2023 for AED 4,400,000 (AED 1,467 per sqft).
- Rented since March 2017 on 5 Ejari contracts. The rent fell from AED 300,000 to AED 159,144 in 2021 and recovered to AED 280,000 by March 2022.
- At AED 280,000 a year the gross yield on the 2023 price is 6.4%.
- Two-beds in Palazzo Versace sold for AED 3,015,526–4,000,000 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 28 September 2023.
Questions about 1101, Palazzo Versace
What did unit 1101 last sell for?
AED 4,400,000 on 28 September 2023: AED 1,467 per sqft for 2,998 sqft. The unit has 3 registered sales; the first was AED 6,311,000 in November 2012.
What is the rent for unit 1101?
AED 280,000 a year on the contract signed on 30 March 2022. The previous contract, from March 2021, was AED 159,144; the unit has been rented since March 2017.
How big is unit 1101?
2,998 sqft (278.5 sqm): a two-bedroom apartment on the 1st floor of a 8-storey tower completed in 2015.
What is unit 1101 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palazzo Versace sold for AED 3,015,526 to 4,000,000 in the last 12 months, around AED 2,041 per sqft.
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Mortgage on 1101, Palazzo Versace
Starts from the last sale price (AED 4.4M, 28 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,400,000
- Deposit, UAE resident (20%)
- AED 880,000
- Deposit, non-resident (40%)
- AED 1,760,000
- Monthly over 25 years at 3.7%
- AED 18,002
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →