1207, Palazzo Versace
Sold prices and rental history: sold twice, last in February 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1207, Palazzo Versace
What is 1207 worth today?
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Source: Dubai Land Department. Updated 15 February 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,724 sqft
- Floor
- 2nd of 8
- Parking
- B1-W115, B1-W116
- Developer
- Emirates PV Dubai
- Completed
- 2015
- Last sold
- AED 3.64M · February 2023
- Building
- Palazzo Versace
About 1207, Palazzo Versace
1207 is a two-bedroom apartment of 1,724 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 15 February 2023 for AED 3,640,000, or AED 2,111 per sqft, in line with the AED 2,111 two-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 October 2020, is AED 145,000 a year: a gross yield of 4.0% on the 2023 price.
Sales and rents for 1207 over time
1207 has sold twice; 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 1207 sits
All 77 2-beds →1207 last sold in February 2023 at AED 2,111 per sqft, in line with what two-beds in Palazzo Versace were fetching at the time (AED 2,111). 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. 1207's AED 145,000 is at the bottom 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 2nd floor
All 166 units in Palazzo Versace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | ||
| 1203 | 2-bed | 1,801 sqft | AED 8.72MAED 8,717,277 · Feb 2009February 2009 | 250,000 /yr | |
| 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 | |
| 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 |
1207, Palazzo Versace in numbers
- Sold twice: first on 23 October 2012 for AED 4,609,800, last on 15 February 2023 for AED 3,640,000 (AED 2,111 per sqft).
- Rented since September 2018 on 3 Ejari contracts, from AED 160,000 to AED 145,000 a year.
- At AED 145,000 a year the gross yield on the 2023 price is 4.0%.
- 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 15 February 2023.
Questions about 1207, Palazzo Versace
What did unit 1207 last sell for?
AED 3,640,000 on 15 February 2023: AED 2,111 per sqft for 1,724 sqft. The unit has 2 registered sales; the first was AED 4,609,800 in October 2012.
What is the rent for unit 1207?
AED 145,000 a year on the contract signed on 1 October 2020. The previous contract, from September 2019, was AED 160,000; the unit has been rented since September 2018.
How big is unit 1207?
1,724 sqft (160.2 sqm): a two-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2015.
What is unit 1207 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 1207, Palazzo Versace
Starts from the last sale price (AED 3.64M, 15 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,640,000
- Deposit, UAE resident (20%)
- AED 728,000
- Deposit, non-resident (40%)
- AED 1,456,000
- Monthly over 25 years at 3.7%
- AED 14,892
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →