2-bed · 1,801 sqftPalazzo Versace, Culture Village · 2nd floor · completed 2015

1203, Palazzo Versace

Sold prices and rental history: sold once, by the developer in February 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1203 · DLD and Ejari recordsUpdated 22 October 2023

Last soldAED 8.72M24 February 2009

Current rentAED 250K /yr22 October 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1203, Palazzo Versace

Today

What is 1203 worth today?

Last sold for AED 8,717,277 in 2009

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22 Oct 2023

22 Oct 2023RentedRenewal

AED 250,000/yr12 months · AED 139 per sqft

22 Oct 2022

22 Oct 2022RentedNew contract

AED 250,000/yr12 months · AED 139 per sqft

25 Jun 2020

25 Jun 2020RentedNew contract

AED 160,000/yr12 months · AED 89 per sqft

5 Apr 2016

5 Apr 2016RentedNew contract

AED 270,000/yr12 months · AED 150 per sqft

24 Feb 2009

24 Feb 2009Sold by developerOff-plan

AED 8,717,277AED 4,839 per sqft

Source: Dubai Land Department. Updated 22 October 2023.

Key facts

Type: 2-bed apartment
Size: 1,801 sqft
Floor: 2nd of 8
Parking: B1-W093, B1-W094
Developer: Emirates PV Dubai
Completed: 2015
Last sold: AED 8.72M · February 2009
Building: Palazzo Versace

About 1203, Palazzo Versace

1203 is a two-bedroom apartment of 1,801 sqft on the 2nd floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 24 February 2009 for AED 8,717,277, or AED 4,839 per sqft, 4% above the AED 4,654 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 22 October 2023, is AED 250,000 a year: a gross yield of 2.9% on the 2009 price.

Sales and rents for 1203 over time

Sales

Unit 1203, each saleTypical two-bed in Palazzo Versace

1203 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1203, each contractTypical two-bed in Palazzo Versace

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 1203 sits

All 77 2-beds →

2-beds in Palazzo Versace · last 12 months2,041 /sqft Palazzo Versace · all types2,051 /sqft

1203 last sold in February 2009 at AED 4,839 per sqft, 4% above what two-beds in Palazzo Versace were fetching at the time (AED 4,654). 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. 1203's AED 250,000 is in the upper half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

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


1201	2-bed	2,074 sqft	AED 6.35MAED 6,350,000 · Aug 2013August 2013	300,000 /yr
1202	3-bed	2,297 sqft	AED 8.55MAED 8,550,000 · Dec 2014December 2014
1204	2-bed	1,801 sqft	AED 4.95MAED 4,952,350 · Nov 2012November 2012
1205	4-bed	5,269 sqft	AED 7.91MAED 7,910,600 · Dec 2016December 2016	25,000 /yr
1206	2-bed	1,722 sqft	AED 3.25MAED 3,250,000 · Jan 2026January 2026	250,000 /yr
1207	2-bed	1,724 sqft	AED 3.64MAED 3,640,000 · Feb 2023February 2023	145,000 /yr
1208	3-bed	2,299 sqft	AED 7.56MAED 7,561,600 · Jun 2014June 2014	400,000 /yr
1209	3-bed	3,795 sqft	AED 12.4MAED 12,400,000 · Oct 2015October 2015	420,000 /yr
1210	3-bed	3,113 sqft	AED 7MAED 7,000,000 · Jul 2021July 2021	364,000 /yr
1211	3-bed	6,465 sqft	No registered sale	380,000 /yr
1212	3-bed	6,404 sqft	AED 15MAED 15,000,000 · Oct 2015October 2015
2213	2-bed	2,074 sqft	AED 4.2MAED 4,200,000 · Jul 2023July 2023	180,000 /yr
2214	3-bed	2,297 sqft	AED 5MAED 4,995,000 · Mar 2024March 2024	380,000 /yr
2215	2-bed	1,801 sqft	AED 4MAED 4,000,000 · Jul 2026July 2026	200,000 /yr
2216	2-bed	1,801 sqft	AED 3.9MAED 3,900,000 · Oct 2026October 2026	210,000 /yr
2217	4-bed	5,269 sqft	AED 12.8MAED 12,800,000 · May 2026May 2026
2218	2-bed	1,722 sqft	AED 5.55MAED 5,551,500 · Nov 2013November 2013	240,000 /yr
2219	2-bed	1,724 sqft	AED 3.94MAED 3,942,400 · Aug 2012August 2012	260,000 /yr
2220	3-bed	2,299 sqft	AED 4.18MAED 4,176,145 · Nov 2024November 2024
2221	3-bed	3,795 sqft	No registered sale	400,000 /yr
2222	5-bed	10,678 sqft	AED 20MAED 20,000,000 · Mar 2024March 2024	800,000 /yr
2223	3-bed	6,720 sqft	No registered sale
2224	3-bed	6,822 sqft	No registered sale	350,000 /yr

1–7 of 23

1203, Palazzo Versace in numbers

Sold once: by Emirates PV Dubai on 24 February 2009 for AED 8,717,277, or AED 4,839 per sqft.
Rented since April 2016 on 4 Ejari contracts. The rent fell from AED 270,000 to AED 160,000 in 2020 and recovered to AED 250,000 by October 2023.
At AED 250,000 a year the gross yield on the 2009 price is 2.9%.
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 22 October 2023.

Questions about 1203, Palazzo Versace

What did unit 1203 last sell for?

AED 8,717,277 on 24 February 2009, sold by the developer: AED 4,839 per sqft for 1,801 sqft. It is the only registered sale of the unit.

What is the rent for unit 1203?

AED 250,000 a year on the contract renewed on 22 October 2023. The previous contract, from October 2022, was AED 250,000; the unit has been rented since April 2016.

How big is unit 1203?

1,801 sqft (167.3 sqm): a two-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2015.

What is unit 1203 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 1203, Palazzo Versace

Starts from the last sale price (AED 8.72M, 24 February 2009). Switch to today's estimate once you have unlocked it.

Price: AED 8,717,277
Deposit, UAE resident (20%): AED 1,743,455
Deposit, non-resident (40%): AED 3,486,911
Monthly over 25 years at 3.7%: AED 35,665

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