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3-bed · 334 sqftPalazzo Versace, Culture Village · 4th floor · completed 2015

1402, Palazzo Versace

Sold prices and rental history: sold once, by the developer in February 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 23 August 2026
Last soldAED 18.23M25 February 2009
Current rentAED 350K /yr23 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1402, Palazzo Versace

What is 1402 worth today?

Last sold for AED 18,232,161 in 2009

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23 Aug 2026RentedNew contract
AED 350,000/yr12 months · AED 156 per sqft
2 Dec 2024RentedRenewal
AED 340,000/yr12 months · AED 152 per sqft
2 Jun 2024RentedRenewal
AED 340,000/yr6 months · AED 152 per sqft
2 Dec 2023RentedRenewal
AED 307,500/yr6 months · AED 137 per sqft
2 Jun 2023RentedRenewal
AED 307,500/yr6 months · AED 137 per sqft
1 Mar 2023RentedRenewal
AED 296,703/yr3 months · AED 133 per sqft
1 Sep 2022RentedRenewal
AED 300,000/yr6 months · AED 134 per sqft
1 Sep 2021RentedRenewal
AED 220,000/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 23 August 2026.

Key facts

Type
3-bed apartment
Size
334 sqft
Floor
4th of 8
Parking
B1M-W025, B1M-W026
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 18.23M · February 2009
Building
Palazzo Versace

About 1402, Palazzo Versace

1402 is a three-bedroom apartment of 334 sqft on the 4th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 25 February 2009 for AED 18,232,161, or AED 8,146 per sqft, 150% above the AED 3,253 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 13 Ejari contracts. The current contract, signed on 23 August 2026, is AED 350,000 a year: a gross yield of 1.9% on the 2009 price.

Sales and rents for 1402 over time

Sales
Unit 1402, 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 7,400,000

No registered sale of 1402; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1402, 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, July 2016: AED 350,000 a yearNew contract, September 2017: AED 315,000 a yearRenewal, September 2018: AED 315,000 a yearRenewal, September 2019: AED 245,000 a yearRenewal, September 2020: AED 220,000 a yearRenewal, September 2021: AED 220,000 a yearRenewal, September 2022: AED 300,000 a yearRenewal, March 2023: AED 296,703 a yearRenewal, June 2023: AED 307,500 a yearRenewal, December 2023: AED 307,500 a yearRenewal, June 2024: AED 340,000 a yearRenewal, December 2024: AED 340,000 a yearNew contract, August 2026: AED 350,000 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 1402 sits

All 65 3-beds →

1402 last sold in February 2009 at AED 8,146 per sqft, 150% above what three-beds in Palazzo Versace were fetching at the time (AED 3,253). 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. 1402's AED 350,000 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 4th floor

All 166 units in Palazzo Versace
Value
14012-bedAED 11.83M · Feb 2009
14032-bedAED 3.2M · Aug 2023
14054-bedAED 9M · Aug 2019
14062-bedAED 4.21M · Oct 2012
14072-bedAED 4.34M · Nov 2012
14083-bedAED 6.26M · Mar 2013
14093-bedAED 11.98M · Dec 2013
1–7 of 22

1402, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 25 February 2009 for AED 18,232,161, or AED 8,146 per sqft.
  • Rented since July 2016 on 13 Ejari contracts. The rent fell from AED 350,000 to AED 220,000 in 2021 and recovered to AED 350,000 by August 2026.
  • At AED 350,000 a year the gross yield on the 2009 price is 1.9%.
  • 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 23 August 2026.

Questions about 1402, Palazzo Versace

What did unit 1402 last sell for?

AED 18,232,161 on 25 February 2009, sold by the developer: AED 8,146 per sqft for 334 sqft. It is the only registered sale of the unit.

What is the rent for unit 1402?

AED 350,000 a year on the contract signed on 23 August 2026. The previous contract, from December 2024, was AED 340,000; the unit has been rented since July 2016.

How big is unit 1402?

334 sqft (31.0 sqm): a three-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.

What is unit 1402 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 1402, Palazzo Versace

Starts from the last sale price (AED 18.23M, 25 February 2009). Switch to today's estimate once you have unlocked it.
Price
AED 18,232,161
Deposit, UAE resident (20%)
AED 3,646,432
Deposit, non-resident (40%)
AED 7,292,864
Monthly over 25 years at 3.7%
AED 74,593

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