3-bed · 3,003 sqftPalazzo Versace, Culture Village · 3rd floor · completed 2015

1310, Palazzo Versace

Sold prices and rental history: sold 3 times, last in March 2018, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1310 · DLD and Ejari recordsUpdated 1 June 2023
Last soldAED 3.5M26 March 2018
Current rentAED 400K /yr1 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1310, Palazzo Versace

What is 1310 worth today?

Last sold for AED 3,500,000 in 2018

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1 Jun 2023RentedRenewal
AED 400,000/yr6 months · AED 133 per sqft
1 Dec 2022RentedRenewal
AED 400,000/yr6 months · AED 133 per sqft
1 Sep 2022RentedNew contract
AED 400,000/yr3 months · AED 133 per sqft
1 Aug 2022RentedNew contract
AED 400,000/yr12 months · AED 133 per sqft
5 Mar 2021RentedNew contract
AED 400,000/yr12 months · AED 133 per sqft
26 Mar 2018SoldReady
AED 3,500,000AED 1,165 per sqft
10 Apr 2017SoldReady
AED 8,260,875AED 2,751 per sqft
5 Sep 2016RentedNew contract
AED 300,000/yr12 months · AED 100 per sqft

Source: Dubai Land Department. Updated 1 June 2023.

Key facts

Type
3-bed apartment
Size
3,003 sqft
Floor
3rd of 8
Parking
B1-W052, B1-W053
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 3.5M · March 2018

About 1310, Palazzo Versace

1310 is a three-bedroom apartment of 3,003 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 26 March 2018 for AED 3,500,000, or AED 1,165 per sqft, 57% below the AED 2,681 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 1 June 2023, is AED 400,000 a year: a gross yield of 11.4% on the 2018 price.

Sales and rents for 1310 over time

Sales
Unit 1310, 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, May 2013: AED 8,260,875 (AED 2,751 per sqft)Sold, April 2017: AED 8,260,875 (AED 2,751 per sqft)Sold, March 2018: AED 3,500,000 (AED 1,165 per sqft)

1310 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1310, 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, September 2016: AED 300,000 a yearNew contract, March 2021: AED 400,000 a yearNew contract, August 2022: AED 400,000 a yearNew contract, September 2022: AED 400,000 a yearRenewal, December 2022: AED 400,000 a yearRenewal, June 2023: AED 400,000 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 1310 sits

All 65 3-beds →

1310 last sold in March 2018 at AED 1,165 per sqft, 57% below what three-beds in Palazzo Versace were fetching at the time (AED 2,681). 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. 1310's AED 400,000 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

1310, Palazzo Versace in numbers

  • Sold 3 times: first on 14 May 2013 for AED 8,260,875, last on 26 March 2018 for AED 3,500,000 (AED 1,165 per sqft).
  • Rented since September 2016 on 6 Ejari contracts, from AED 300,000 to AED 400,000 a year.
  • At AED 400,000 a year the gross yield on the 2018 price is 11.4%.
  • 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 1 June 2023.

Questions about 1310, Palazzo Versace

What did unit 1310 last sell for?

AED 3,500,000 on 26 March 2018: AED 1,165 per sqft for 3,003 sqft. The unit has 3 registered sales; the first was AED 8,260,875 in May 2013.

What is the rent for unit 1310?

AED 400,000 a year on the contract renewed on 1 June 2023. The previous contract, from December 2022, was AED 400,000; the unit has been rented since September 2016.

How big is unit 1310?

3,003 sqft (279.0 sqm): a three-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2015.

What is unit 1310 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 1310, Palazzo Versace

Starts from the last sale price (AED 3.5M, 26 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

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