1208, Palazzo Versace
Sold prices and rental history: sold once, by the developer in June 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1208, Palazzo Versace
What is 1208 worth today?
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Source: Dubai Land Department. Updated 4 September 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,299 sqft
- Floor
- 2nd of 8
- Parking
- B1-W117, B1-W118
- Developer
- Emirates PV Dubai
- Completed
- 2015
- Last sold
- AED 7.56M · June 2014
- Building
- Palazzo Versace
About 1208, Palazzo Versace
1208 is a three-bedroom apartment of 2,299 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 9 June 2014 for AED 7,561,600, or AED 3,289 per sqft, 4% above the AED 3,175 three-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 4 September 2025, is AED 400,000 a year: a gross yield of 5.3% on the 2014 price.
Sales and rents for 1208 over time
1208 has sold once; the dashed line is the three-bed median of each year in the building.
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 1208 sits
All 65 3-beds →1208 last sold in June 2014 at AED 3,289 per sqft, 4% above what three-beds in Palazzo Versace were fetching at the time (AED 3,175). 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. 1208's AED 400,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Oct 20265 October 2026 | 5,069 sqft | 10,400,000 | 2,051 | ||
| 6 Jul 20266 July 2026 | 2,239 sqft | 4,250,000 | 1,897 | ||
| 12 Feb 202612 February 2026 | 2,238 sqft | 5,800,000 | 2,591 | ||
| 11 Feb 202611 February 2026 | 3,799 sqft | 9,000,000 | 2,369 |
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 | |
| 1207 | 2-bed | 1,724 sqft | AED 3.64MAED 3,640,000 · Feb 2023February 2023 | 145,000 /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 |
1208, Palazzo Versace in numbers
- Sold once: by Emirates PV Dubai on 9 June 2014 for AED 7,561,600, or AED 3,289 per sqft.
- Rented since February 2016 on 8 Ejari contracts. The rent fell from AED 380,000 to AED 170,000 in 2021 and recovered to AED 400,000 by September 2025.
- At AED 400,000 a year the gross yield on the 2014 price is 5.3%.
- 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 4 September 2025.
Questions about 1208, Palazzo Versace
What did unit 1208 last sell for?
AED 7,561,600 on 9 June 2014, sold by the developer: AED 3,289 per sqft for 2,299 sqft. It is the only registered sale of the unit.
What is the rent for unit 1208?
AED 400,000 a year on the contract signed on 4 September 2025. The previous contract, from June 2023, was AED 450,000; the unit has been rented since February 2016.
How big is unit 1208?
2,299 sqft (213.6 sqm): a three-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2015.
What is unit 1208 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 1208, Palazzo Versace
Starts from the last sale price (AED 7.56M, 9 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 7,561,600
- Deposit, UAE resident (20%)
- AED 1,512,320
- Deposit, non-resident (40%)
- AED 3,024,640
- Monthly over 25 years at 3.7%
- AED 30,937
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →