3-bed · 2,297 sqftPalazzo Versace, Culture Village · 2nd floor · completed 2015

1202, Palazzo Versace

Sold prices and rental history: sold twice, last in December 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 16 December 2014
Last soldAED 8.55M16 December 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1202, Palazzo Versace

What is 1202 worth today?

Last sold for AED 8,550,000 in 2014

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16 Dec 2014SoldOff-plan
AED 8,550,000AED 3,721 per sqft
24 Sep 2012Sold by developerOff-plan
AED 3,582,000AED 1,559 per sqft

Source: Dubai Land Department. Updated 16 December 2014.

Key facts

Type
3-bed apartment
Size
2,297 sqft
Floor
2nd of 8
Parking
B1-W070, B1-W092
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 8.55M · December 2014

About 1202, Palazzo Versace

1202 is a three-bedroom apartment of 2,297 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 16 December 2014 for AED 8,550,000, or AED 3,721 per sqft, 11% above the AED 3,342 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1202 over time

Sales
Unit 1202, each saleTypical three-bed in Palazzo Versace
5M10M2009201420192024Typical sale price by year: 2009 AED 12,841,100; 2012 AED 6,879,300; 2013 AED 8,041,188; 2014 AED 9,897,600; 2015 AED 12,400,000; 2016 AED 9,920,550; 2018 AED 4,706,000; 2019 AED 3,543,958; 2021 AED 5,000,000; 2022 AED 4,675,567; 2024 AED 5,197,500; 2025 AED 5,500,000; 2026 AED 7,400,000Sold by developer, September 2012: AED 3,582,000 (AED 1,559 per sqft)Sold, December 2014: AED 8,550,000 (AED 3,721 per sqft)

1202 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1202, each contractTypical three-bed in Palazzo Versace
200K300K400K2016201920222025Typical rent by year: 2016 AED 315,000; 2017 AED 335,000; 2018 AED 310,000; 2019 AED 257,500; 2020 AED 235,000; 2021 AED 238,457; 2022 AED 350,000; 2023 AED 397,500; 2024 AED 435,000; 2025 AED 405,000; 2026 AED 422,500

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 1202 sits

All 65 3-beds →

1202 last sold in December 2014 at AED 3,721 per sqft, 11% above what three-beds in Palazzo Versace were fetching at the time (AED 3,342). 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.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Oct 202610,400,000
6 Jul 20264,250,000
12 Feb 20265,800,000
11 Feb 20269,000,000
5 3-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
12012-bedAED 6.35M · Aug 2013
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

1202, Palazzo Versace in numbers

  • Sold twice: first on 24 September 2012 for AED 3,582,000, last on 16 December 2014 for AED 8,550,000 (AED 3,721 per sqft).
  • 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 16 December 2014.

Questions about 1202, Palazzo Versace

What did unit 1202 last sell for?

AED 8,550,000 on 16 December 2014: AED 3,721 per sqft for 2,297 sqft. The unit has 2 registered sales; the first was AED 3,582,000 in September 2012.

How big is unit 1202?

2,297 sqft (213.4 sqm): a three-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2015.

What is unit 1202 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 1202, Palazzo Versace

Starts from the last sale price (AED 8.55M, 16 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 8,550,000
Deposit, UAE resident (20%)
AED 1,710,000
Deposit, non-resident (40%)
AED 3,420,000
Monthly over 25 years at 3.7%
AED 34,981

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