3-bed · 3,782 sqftPalazzo Versace, Culture Village · 4th floor · completed 2015

1409, Palazzo Versace

Sold prices and rental history: sold once, by the developer in December 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1409 · DLD and Ejari recordsUpdated 10 December 2013
Last soldAED 11.98M10 December 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1409, Palazzo Versace

What is 1409 worth today?

Last sold for AED 11,984,600 in 2013

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10 Dec 2013Sold by developerOff-plan
AED 11,984,600AED 3,169 per sqft

Source: Dubai Land Department. Updated 10 December 2013.

Key facts

Type
3-bed apartment
Size
3,782 sqft
Floor
4th of 8
Parking
B1M-W004, B1M-W005
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 11.98M · December 2013

About 1409, Palazzo Versace

1409 is a three-bedroom apartment of 3,782 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 10 December 2013 for AED 11,984,600, or AED 3,169 per sqft, 15% above the AED 2,751 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1409 over time

Sales
Unit 1409, 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 2013: AED 11,984,600 (AED 3,169 per sqft)

1409 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1409, 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 422,500

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 1409 sits

All 65 3-beds →

1409 last sold in December 2013 at AED 3,169 per sqft, 15% above what three-beds in Palazzo Versace were fetching at the time (AED 2,751). 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.

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
14023-bedAED 18.23M · 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
1–7 of 22

1409, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 10 December 2013 for AED 11,984,600, or AED 3,169 per sqft.
  • 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 December 2013.

Questions about 1409, Palazzo Versace

What did unit 1409 last sell for?

AED 11,984,600 on 10 December 2013, sold by the developer: AED 3,169 per sqft for 3,782 sqft. It is the only registered sale of the unit.

How big is unit 1409?

3,782 sqft (351.4 sqm): a three-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.

What is unit 1409 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 1409, Palazzo Versace

Starts from the last sale price (AED 11.98M, 10 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 11,984,600
Deposit, UAE resident (20%)
AED 2,396,920
Deposit, non-resident (40%)
AED 4,793,840
Monthly over 25 years at 3.7%
AED 49,033

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