2-bed · 1,763 sqftPalazzo Versace, Culture Village · 3rd floor · completed 2015

1304, Palazzo Versace

Sold prices and rental history: sold twice, last in January 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1304 · DLD and Ejari recordsUpdated 20 February 2025
Last soldAED 3M17 January 2021
Current rentAED 273K /yr20 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1304, Palazzo Versace

What is 1304 worth today?

Last sold for AED 3,000,000 in 2021

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20 Feb 2025RentedRenewal
AED 273,000/yr12 months · AED 155 per sqft
20 Feb 2025RentedRenewal
AED 273,000/yr12 months · AED 155 per sqft
20 Feb 2024RentedNew contract
AED 260,000/yr12 months · AED 147 per sqft
11 Aug 2022RentedRenewal
AED 220,000/yr12 months · AED 125 per sqft
11 Aug 2021RentedNew contract
AED 220,000/yr12 months · AED 125 per sqft
17 Jan 2021SoldReady
AED 3,000,000AED 1,701 per sqft
1 Sep 2019RentedNew contract
AED 195,000/yr12 months · AED 110 per sqft
11 Sep 2012Sold by developerOff-plan
AED 3,870,000AED 2,194 per sqft

Source: Dubai Land Department. Updated 20 February 2025.

Key facts

Type
2-bed apartment
Size
1,763 sqft
Floor
3rd of 8
Parking
B1-W101, B1-W102
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 3M · January 2021

About 1304, Palazzo Versace

1304 is a two-bedroom apartment of 1,763 sqft on the 3rd floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 17 January 2021 for AED 3,000,000, or AED 1,701 per sqft, 65% above the AED 1,029 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 20 February 2025, is AED 273,000 a year: a gross yield of 9.1% on the 2021 price.

Sales and rents for 1304 over time

Sales
Unit 1304, 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 by developer, September 2012: AED 3,870,000 (AED 2,194 per sqft)Sold, January 2021: AED 3,000,000 (AED 1,701 per sqft)

1304 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1304, each contractTypical two-bed in Palazzo Versace
200K2016201920222025Typical 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 231,000New contract, September 2019: AED 195,000 a yearNew contract, August 2021: AED 220,000 a yearRenewal, August 2022: AED 220,000 a yearNew contract, February 2024: AED 260,000 a yearRenewal, February 2025: AED 273,000 a yearRenewal, February 2025: AED 273,000 a year

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 1304 sits

All 77 2-beds →

1304 last sold in January 2021 at AED 1,701 per sqft, 65% above what two-beds in Palazzo Versace were fetching at the time (AED 1,029). 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. 1304's AED 273,000 is in the upper half of that range.

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 3rd floor

All 166 units in Palazzo Versace
Value
13012-bedAED 6.7M · Feb 2014
13023-bedAED 5.26M · Sep 2012
13032-bedAED 4.8M · Mar 2016
13054-bedAED 8.13M · Jul 2025
13062-bedAED 4.29M · Feb 2013
13072-bedAED 4.73M · Apr 2013
13083-bedAED 5.4M · Nov 2025
1–7 of 23

1304, Palazzo Versace in numbers

  • Sold twice: first on 11 September 2012 for AED 3,870,000, last on 17 January 2021 for AED 3,000,000 (AED 1,701 per sqft).
  • Rented since September 2019 on 6 Ejari contracts, from AED 195,000 to AED 273,000 a year.
  • At AED 273,000 a year the gross yield on the 2021 price is 9.1%.
  • 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 20 February 2025.

Questions about 1304, Palazzo Versace

What did unit 1304 last sell for?

AED 3,000,000 on 17 January 2021: AED 1,701 per sqft for 1,763 sqft. The unit has 2 registered sales; the first was AED 3,870,000 in September 2012.

What is the rent for unit 1304?

AED 273,000 a year on the contract renewed on 20 February 2025. The previous contract, from February 2025, was AED 273,000; the unit has been rented since September 2019.

How big is unit 1304?

1,763 sqft (163.8 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2015.

What is unit 1304 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 1304, Palazzo Versace

Starts from the last sale price (AED 3M, 17 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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