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3-bed · 3,805 sqftPalazzo Versace, Culture Village · 3rd floor · completed 2015

1309, Palazzo Versace

Sold prices and rental history: sold once, by the developer in December 2014, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1309 · DLD and Ejari recordsUpdated 10 March 2023
Last soldAED 12.99M23 December 2014
Current rentAED 360K /yr10 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1309, Palazzo Versace

What is 1309 worth today?

Last sold for AED 12,986,992 in 2014

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10 Mar 2023RentedNew contract
AED 360,000/yr12 months · AED 95 per sqft
24 Jan 2022RentedNew contract
AED 360,000/yr12 months · AED 95 per sqft
23 Dec 2014Sold by developerOff-plan
AED 12,986,992AED 3,413 per sqft

Source: Dubai Land Department. Updated 10 March 2023.

Key facts

Type
3-bed apartment
Size
3,805 sqft
Floor
3rd of 8
Parking
B1-W109, B1-W110
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 12.99M · December 2014
Building
Palazzo Versace

About 1309, Palazzo Versace

1309 is a three-bedroom apartment of 3,805 sqft on the 3rd floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 23 December 2014 for AED 12,986,992, or AED 3,413 per sqft, in line with the AED 3,342 three-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 10 March 2023, is AED 360,000 a year: a gross yield of 2.8% on the 2014 price.

Sales and rents for 1309 over time

Sales
Unit 1309, each saleTypical three-bed in Palazzo Versace
5M10M2009201420192024Typical sale price by year: 2009 AED 12,841,100; 2012 AED 6,879,300; 2013 AED 8,041,188; 2014 AED 9,897,600; 2015 AED 12,400,000; 2016 AED 9,920,550; 2018 AED 4,706,000; 2019 AED 3,543,958; 2021 AED 5,000,000; 2022 AED 4,675,567; 2024 AED 5,197,500; 2025 AED 5,500,000; 2026 AED 7,400,000Sold by developer, December 2014: AED 12,986,992 (AED 3,413 per sqft)

1309 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1309, each contractTypical three-bed in Palazzo Versace
200K300K400K2016201920222025Typical rent by year: 2016 AED 315,000; 2017 AED 335,000; 2018 AED 310,000; 2019 AED 257,500; 2020 AED 235,000; 2021 AED 238,457; 2022 AED 350,000; 2023 AED 397,500; 2024 AED 435,000; 2025 AED 405,000; 2026 AED 422,500New contract, January 2022: AED 360,000 a yearNew contract, March 2023: AED 360,000 a year

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 1309 sits

All 65 3-beds →

1309 last sold in December 2014 at AED 3,413 per sqft, in line with what three-beds in Palazzo Versace were fetching at the time (AED 3,342). 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. 1309's AED 360,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Oct 202610,400,000
6 Jul 20264,250,000
12 Feb 20265,800,000
11 Feb 20269,000,000
5 3-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
13042-bedAED 3M · Jan 2021
13054-bedAED 8.13M · Jul 2025
13062-bedAED 4.29M · Feb 2013
13072-bedAED 4.73M · Apr 2013
1–7 of 23

1309, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 23 December 2014 for AED 12,986,992, or AED 3,413 per sqft.
  • Rented since January 2022 on 2 Ejari contracts, at AED 360,000 a year.
  • At AED 360,000 a year the gross yield on the 2014 price is 2.8%.
  • 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 10 March 2023.

Questions about 1309, Palazzo Versace

What did unit 1309 last sell for?

AED 12,986,992 on 23 December 2014, sold by the developer: AED 3,413 per sqft for 3,805 sqft. It is the only registered sale of the unit.

What is the rent for unit 1309?

AED 360,000 a year on the contract signed on 10 March 2023. The previous contract, from January 2022, was AED 360,000.

How big is unit 1309?

3,805 sqft (353.5 sqm): a three-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2015.

What is unit 1309 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 1309, Palazzo Versace

Starts from the last sale price (AED 12.99M, 23 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 12,986,992
Deposit, UAE resident (20%)
AED 2,597,398
Deposit, non-resident (40%)
AED 5,194,797
Monthly over 25 years at 3.7%
AED 53,134

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