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2-bed · 2,074 sqftPalazzo Versace, Culture Village · 2nd floor · completed 2015

1201, Palazzo Versace

Sold prices and rental history: sold twice, last in August 2013, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1201 · DLD and Ejari recordsUpdated 14 March 2025
Last soldAED 6.35M5 August 2013
Current rentAED 300K /yr14 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1201, Palazzo Versace

What is 1201 worth today?

Last sold for AED 6,350,000 in 2013

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14 Mar 2025RentedRenewal
AED 300,000/yr12 months · AED 145 per sqft
14 Mar 2025RentedRenewal
AED 300,000/yr12 months · AED 145 per sqft
14 Mar 2024RentedNew contract
AED 290,000/yr12 months · AED 140 per sqft
3 Feb 2023RentedRenewal
AED 191,000/yr12 months · AED 92 per sqft
3 Feb 2022RentedRenewal
AED 170,000/yr12 months · AED 82 per sqft
3 Feb 2021RentedNew contract
AED 160,000/yr12 months · AED 77 per sqft
23 Sep 2019RentedRenewal
AED 183,978/yr12 months · AED 89 per sqft
23 Sep 2018RentedNew contract
AED 190,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 14 March 2025.

Key facts

Type
2-bed apartment
Size
2,074 sqft
Floor
2nd of 8
Parking
B1-W090, B1-W091
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 6.35M · August 2013
Building
Palazzo Versace

About 1201, Palazzo Versace

1201 is a two-bedroom apartment of 2,074 sqft on the 2nd floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 5 August 2013 for AED 6,350,000, or AED 3,061 per sqft, 28% above the AED 2,392 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, renewed on 14 March 2025, is AED 300,000 a year: a gross yield of 4.7% on the 2013 price.

Sales and rents for 1201 over time

Sales
Unit 1201, each saleTypical two-bed in Palazzo Versace
5M2009201420192024Typical sale price by year: 2009 AED 7,988,750; 2011 AED 4,189,000; 2012 AED 4,191,438; 2013 AED 5,551,500; 2014 AED 6,373,700; 2016 AED 7,200,000; 2017 AED 3,416,131; 2018 AED 3,000,000; 2019 AED 2,000,000; 2021 AED 2,891,662; 2023 AED 3,520,000; 2024 AED 4,200,000; 2025 AED 3,466,600; 2026 AED 3,880,000Sold by developer, September 2012: AED 3,135,000 (AED 1,511 per sqft)Sold, August 2013: AED 6,350,000 (AED 3,061 per sqft)

1201 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1201, each contractTypical two-bed in Palazzo Versace
200K300K2016201920222025Typical rent by year: 2016 AED 220,000; 2017 AED 210,000; 2018 AED 180,000; 2019 AED 175,625; 2020 AED 150,000; 2021 AED 155,000; 2022 AED 200,000; 2023 AED 221,760; 2024 AED 250,000; 2025 AED 250,000; 2026 AED 231,000New contract, April 2017: AED 280,000 a yearNew contract, September 2018: AED 190,000 a yearRenewal, September 2019: AED 183,978 a yearNew contract, February 2021: AED 160,000 a yearRenewal, February 2022: AED 170,000 a yearRenewal, February 2023: AED 191,000 a yearNew contract, March 2024: AED 290,000 a yearRenewal, March 2025: AED 300,000 a yearRenewal, March 2025: AED 300,000 a year

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 1201 sits

All 77 2-beds →

1201 last sold in August 2013 at AED 3,061 per sqft, 28% above what two-beds in Palazzo Versace were fetching at the time (AED 2,392). 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. 1201's AED 300,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Oct 20263,600,000
2 Oct 20263,900,000
19 Aug 20264,000,000
22 Jul 20263,500,000
9 2-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 2nd floor

All 166 units in Palazzo Versace
Value
12023-bedAED 8.55M · Dec 2014
12032-bedAED 8.72M · Feb 2009
12042-bedAED 4.95M · Nov 2012
12054-bedAED 7.91M · Dec 2016
12062-bedAED 3.25M · Jan 2026
12072-bedAED 3.64M · Feb 2023
12083-bedAED 7.56M · Jun 2014
1–7 of 23

1201, Palazzo Versace in numbers

  • Sold twice: first on 24 September 2012 for AED 3,135,000, last on 5 August 2013 for AED 6,350,000 (AED 3,061 per sqft).
  • Rented since April 2017 on 9 Ejari contracts. The rent fell from AED 280,000 to AED 160,000 in 2021 and recovered to AED 300,000 by March 2025.
  • At AED 300,000 a year the gross yield on the 2013 price is 4.7%.
  • 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 14 March 2025.

Questions about 1201, Palazzo Versace

What did unit 1201 last sell for?

AED 6,350,000 on 5 August 2013: AED 3,061 per sqft for 2,074 sqft. The unit has 2 registered sales; the first was AED 3,135,000 in September 2012.

What is the rent for unit 1201?

AED 300,000 a year on the contract renewed on 14 March 2025. The previous contract, from March 2025, was AED 300,000; the unit has been rented since April 2017.

How big is unit 1201?

2,074 sqft (192.7 sqm): a two-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2015.

What is unit 1201 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 1201, Palazzo Versace

Starts from the last sale price (AED 6.35M, 5 August 2013). Switch to today's estimate once you have unlocked it.
Price
AED 6,350,000
Deposit, UAE resident (20%)
AED 1,270,000
Deposit, non-resident (40%)
AED 2,540,000
Monthly over 25 years at 3.7%
AED 25,980

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