4-bed · 5,016 sqftPalazzo Versace, Culture Village · 4th floor · completed 2015

1405, Palazzo Versace

Sold prices and rental history: sold 3 times, last in August 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1405 · DLD and Ejari recordsUpdated 5 August 2019
Last soldAED 9M5 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1405, Palazzo Versace

What is 1405 worth today?

Last sold for AED 9,000,000 in 2019

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5 Aug 2019SoldReady
AED 9,000,000AED 1,794 per sqft
30 Aug 2017SoldReady
AED 15,000,000AED 2,990 per sqft
27 Jun 2013Sold by developerOff-plan
AED 15,951,500AED 3,179 per sqft

Source: Dubai Land Department. Updated 5 August 2019.

Key facts

Type
4-bed apartment
Size
5,016 sqft
Floor
4th of 8
Parking
B2-W112, B2-W113, B2-W114
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 9M · August 2019

About 1405, Palazzo Versace

1405 is a four-bedroom apartment of 5,016 sqft on the 4th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 5 August 2019 for AED 9,000,000, or AED 1,794 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1405 over time

Sales
Unit 1405, each saleTypical four-bed in Palazzo Versace
10M15M20092013201720212025Typical sale price by year: 2009 AED 16,055,500; 2012 AED 11,697,500; 2013 AED 15,849,250; 2018 AED 11,000,000; 2019 AED 6,755,000; 2021 AED 10,000,000; 2023 AED 12,500,000; 2024 AED 13,500,000Sold by developer, June 2013: AED 15,951,500 (AED 3,179 per sqft)Sold, August 2017: AED 15,000,000 (AED 2,990 per sqft)Sold, August 2019: AED 9,000,000 (AED 1,794 per sqft)

1405 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 1405, each contractTypical four-bed in Palazzo Versace
400K600K20182020202220242026Typical rent by year: 2018 AED 365,000; 2019 AED 360,001; 2020 AED 350,000; 2021 AED 405,000; 2022 AED 650,000; 2023 AED 625,000; 2024 AED 715,000; 2025 AED 707,500

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Palazzo Versace, and where 1405 sits

All 17 4-beds →

Over the last 12 months four-beds sold for AED 12,800,000, around AED 2,429 per sqft, and rent for AED 301,622 to 625,000 a year.

Recent 4-bed salesUnit no.Price (AED)Summary
1 May 202612,800,000
22 Jul 20258,125,000
24 Dec 202413,500,000
20 Dec 202413,000,000
1 4-bed sale 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
14023-bedAED 18.23M · Feb 2009
14032-bedAED 3.2M · Aug 2023
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

1405, Palazzo Versace in numbers

  • Sold 3 times: first on 27 June 2013 for AED 15,951,500, last on 5 August 2019 for AED 9,000,000 (AED 1,794 per sqft).
  • Four-beds in Palazzo Versace sold for AED 12,800,000–12,800,000 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 5 August 2019.

Questions about 1405, Palazzo Versace

What did unit 1405 last sell for?

AED 9,000,000 on 5 August 2019: AED 1,794 per sqft for 5,016 sqft. The unit has 3 registered sales; the first was AED 15,951,500 in June 2013.

How big is unit 1405?

5,016 sqft (466.0 sqm): a four-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.

What is unit 1405 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Palazzo Versace sold for AED 12,800,000 to 12,800,000 in the last 12 months, around AED 2,429 per sqft.

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Mortgage on 1405, Palazzo Versace

Starts from the last sale price (AED 9M, 5 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 9,000,000
Deposit, UAE resident (20%)
AED 1,800,000
Deposit, non-resident (40%)
AED 3,600,000
Monthly over 25 years at 3.7%
AED 36,822

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