2-bed · 1,685 sqftPalazzo Versace, Culture Village · 4th floor · completed 2015

1406, Palazzo Versace

Sold prices and rental history: sold once, by the developer in October 2012, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1406 · DLD and Ejari recordsUpdated 1 November 2020

Last soldAED 4.21M23 October 2012

Current rentAED 165K /yr1 November 2020

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1406, Palazzo Versace

Today

What is 1406 worth today?

Last sold for AED 4,207,375 in 2012

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1 Nov 2020

1 Nov 2020RentedRenewal

AED 165,000/yr12 months · AED 98 per sqft

1 Nov 2019

1 Nov 2019RentedRenewal

AED 180,000/yr12 months · AED 107 per sqft

1 Nov 2018

1 Nov 2018RentedRenewal

AED 200,000/yr12 months · AED 119 per sqft

1 Nov 2017

1 Nov 2017RentedNew contract

AED 200,000/yr12 months · AED 119 per sqft

23 Oct 2012

23 Oct 2012Sold by developerOff-plan

AED 4,207,375AED 2,496 per sqft

Source: Dubai Land Department. Updated 1 November 2020.

Key facts

Type: 2-bed apartment
Size: 1,685 sqft
Floor: 4th of 8
Parking: B1M-W011, B1M-W020
Developer: Emirates PV Dubai
Completed: 2015
Last sold: AED 4.21M · October 2012
Building: Palazzo Versace

About 1406, Palazzo Versace

1406 is a two-bedroom apartment of 1,685 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 23 October 2012 for AED 4,207,375, or AED 2,496 per sqft, 34% above the AED 1,856 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 1 November 2020, is AED 165,000 a year: a gross yield of 3.9% on the 2012 price.

Sales and rents for 1406 over time

Sales

Unit 1406, each saleTypical two-bed in Palazzo Versace

1406 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1406, each contractTypical two-bed in Palazzo Versace

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 1406 sits

All 77 2-beds →

2-beds in Palazzo Versace · last 12 months2,041 /sqft Palazzo Versace · all types2,051 /sqft

1406 last sold in October 2012 at AED 2,496 per sqft, 34% above what two-beds in Palazzo Versace were fetching at the time (AED 1,856). 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. 1406's AED 165,000 is at the bottom of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
5 Oct 20265 October 2026	1,763 sqft	3,600,000	2,041
2 Oct 20262 October 2026	1,801 sqft	3,900,000	2,165
19 Aug 202619 August 2026	2,038 sqft	4,000,000	1,962
22 Jul 202622 July 2026	2,049 sqft	3,500,000	1,708

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 4th floor

All 166 units in Palazzo Versace


1401	2-bed	2,038 sqft	AED 11.83MAED 11,829,600 · Feb 2009February 2009	215,000 /yr
1402	3-bed	334 sqft	AED 18.23MAED 18,232,161 · Feb 2009February 2009	350,000 /yr
1403	2-bed	1,764 sqft	AED 3.2MAED 3,200,000 · Aug 2023August 2023	160,000 /yr
1405	4-bed	5,016 sqft	AED 9MAED 9,000,000 · Aug 2019August 2019
1407	2-bed	1,686 sqft	AED 4.34MAED 4,337,500 · Nov 2012November 2012	235,000 /yr
1408	3-bed	2,239 sqft	AED 6.26MAED 6,261,300 · Mar 2013March 2013	390,000 /yr
1409	3-bed	3,782 sqft	AED 11.98MAED 11,984,600 · Dec 2013December 2013
1410	3-bed	2,986 sqft	AED 9.8MAED 9,803,558 · Sep 2015September 2015	400,000 /yr
1411	2-bed	2,017 sqft	AED 6.68MAED 6,678,400 · Jun 2014June 2014	250,000 /yr
1412	2-bed	1,088 sqft	AED 1.08MAED 1,078,868 · Sep 2019September 2019	165,000 /yr
2413	2-bed	2,038 sqft	AED 7.07MAED 7,070,000 · Feb 2015February 2015	270,000 /yr
2414	3-bed	2,238 sqft	AED 4.77MAED 4,770,000 · Jun 2024June 2024	425,000 /yr
2415	2-bed	1,764 sqft	AED 3.06MAED 3,060,000 · Aug 2018August 2018	235,000 /yr
2416	2-bed	1,763 sqft	AED 3.02MAED 3,015,526 · Dec 2025December 2025	150,000 /yr
2417	4-bed	5,016 sqft	AED 13MAED 13,000,000 · Dec 2024December 2024	650,000 /yr
2418	2-bed	1,685 sqft	AED 3.8MAED 3,800,000 · Apr 2025April 2025	145,000 /yr
2419	2-bed	1,686 sqft	AED 7.11MAED 7,106,220 · Feb 2009February 2009	235,000 /yr
2420	3-bed	2,239 sqft	AED 4.25MAED 4,250,000 · Jul 2026July 2026	320,000 /yr
2421	3-bed	3,782 sqft	AED 8.28MAED 8,275,350 · Sep 2012September 2012	465,000 /yr
2422	3-bed	2,986 sqft	AED 12.32MAED 12,320,000 · Sep 2015September 2015	425,000 /yr
2423	2-bed	2,017 sqft	No registered sale	120,000 /yr
2424	2-bed	2,017 sqft	AED 4.2MAED 4,200,000 · May 2024May 2024	35,000 /yr

1–7 of 22

1406, Palazzo Versace in numbers

Sold once: by Emirates PV Dubai on 23 October 2012 for AED 4,207,375, or AED 2,496 per sqft.
Rented since November 2017 on 4 Ejari contracts, from AED 200,000 to AED 165,000 a year.
At AED 165,000 a year the gross yield on the 2012 price is 3.9%.
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 1 November 2020.

Questions about 1406, Palazzo Versace

What did unit 1406 last sell for?

AED 4,207,375 on 23 October 2012, sold by the developer: AED 2,496 per sqft for 1,685 sqft. It is the only registered sale of the unit.

What is the rent for unit 1406?

AED 165,000 a year on the contract renewed on 1 November 2020. The previous contract, from November 2019, was AED 180,000; the unit has been rented since November 2017.

How big is unit 1406?

1,685 sqft (156.5 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.

What is unit 1406 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 1406, Palazzo Versace

Starts from the last sale price (AED 4.21M, 23 October 2012). Switch to today's estimate once you have unlocked it.

Price: AED 4,207,375
Deposit, UAE resident (20%): AED 841,475
Deposit, non-resident (40%): AED 1,682,950
Monthly over 25 years at 3.7%: AED 17,214

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