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

1204, Palazzo Versace

Sold prices and rental history: sold twice, last in November 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1204 · DLD and Ejari recordsUpdated 25 November 2012
Last soldAED 4.95M25 November 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1204, Palazzo Versace

What is 1204 worth today?

Last sold for AED 4,952,350 in 2012

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25 Nov 2012SoldOff-plan
AED 4,952,350AED 2,750 per sqft
6 Nov 2012Sold by developerOff-plan
AED 4,175,500AED 2,318 per sqft

Source: Dubai Land Department. Updated 25 November 2012.

Key facts

Type
2-bed apartment
Size
1,801 sqft
Floor
2nd of 8
Parking
B1-W095, B1-W096
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 4.95M · November 2012

About 1204, Palazzo Versace

1204 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. It last sold on 25 November 2012 for AED 4,952,350, or AED 2,750 per sqft, 24% above the AED 2,217 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1204 over time

Sales
Unit 1204, 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, November 2012: AED 4,952,350 (AED 2,750 per sqft)Sold by developer, November 2012: AED 4,175,500 (AED 2,318 per sqft)

1204 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1204, each contractTypical two-bed in Palazzo Versace
150K200K250K2016201920222025Typical 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 231,000

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 1204 sits

All 77 2-beds →

1204 last sold in November 2012 at AED 2,750 per sqft, 24% above what two-beds in Palazzo Versace were fetching at the time (AED 2,217). 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.

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
12012-bedAED 6.35M · Aug 2013
12023-bedAED 8.55M · Dec 2014
12032-bedAED 8.72M · Feb 2009
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

1204, Palazzo Versace in numbers

  • Sold twice: first on 6 November 2012 for AED 4,175,500, last on 25 November 2012 for AED 4,952,350 (AED 2,750 per sqft).
  • 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 25 November 2012.

Questions about 1204, Palazzo Versace

What did unit 1204 last sell for?

AED 4,952,350 on 25 November 2012: AED 2,750 per sqft for 1,801 sqft. The unit has 2 registered sales; the first was AED 4,175,500 in November 2012.

How big is unit 1204?

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 1204 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 1204, Palazzo Versace

Starts from the last sale price (AED 4.95M, 25 November 2012). Switch to today's estimate once you have unlocked it.
Price
AED 4,952,350
Deposit, UAE resident (20%)
AED 990,470
Deposit, non-resident (40%)
AED 1,980,940
Monthly over 25 years at 3.7%
AED 20,262

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