2-bed · 2,038 sqftPalazzo Versace, Culture Village · 5th floor · completed 2015

1501, Palazzo Versace

Sold prices and rental history: sold twice, last in August 2026, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 19 August 2026
Last soldAED 4M19 August 2026
Current rentAED 306K /yr1 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1501, Palazzo Versace

What is 1501 worth today?

Last sold for AED 4,000,000 in 2026

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19 Aug 2026SoldReady
AED 4,000,000AED 1,962 per sqft
1 Feb 2025RentedRenewal
AED 306,146/yr6 months · AED 150 per sqft
1 Feb 2025RentedRenewal
AED 306,146/yr6 months · AED 150 per sqft
1 Feb 2024RentedNew contract
AED 290,000/yr12 months · AED 142 per sqft
25 Dec 2022RentedRenewal
AED 204,000/yr12 months · AED 100 per sqft
25 Dec 2021RentedRenewal
AED 170,000/yr12 months · AED 83 per sqft
25 Dec 2020RentedNew contract
AED 170,000/yr12 months · AED 83 per sqft
29 Feb 2020RentedNew contract
AED 170,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 19 August 2026.

Key facts

Type
2-bed apartment
Size
2,038 sqft
Floor
5th of 8
Parking
B1M-W016, B1-W058
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 4M · August 2026

About 1501, Palazzo Versace

1501 is a two-bedroom apartment of 2,038 sqft on the 5th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 19 August 2026 for AED 4,000,000, or AED 1,962 per sqft, in line with the AED 1,925 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 306,146 a year: a gross yield of 7.6% on the 2026 price.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical two-bed in Palazzo Versace
5M2009201420192024Typical sale price by year: 2009 AED 7,988,750; 2011 AED 4,189,000; 2012 AED 4,191,438; 2013 AED 5,551,500; 2014 AED 6,373,700; 2016 AED 7,200,000; 2017 AED 3,416,131; 2018 AED 3,000,000; 2019 AED 2,000,000; 2021 AED 2,891,662; 2023 AED 3,520,000; 2024 AED 4,200,000; 2025 AED 3,466,600; 2026 AED 3,880,000Sold by developer, December 2012: AED 5,854,800 (AED 2,872 per sqft)Sold, August 2026: AED 4,000,000 (AED 1,962 per sqft)

1501 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1501, each contractTypical two-bed in Palazzo Versace
200K300K2016201920222025Typical rent by year: 2016 AED 220,000; 2017 AED 210,000; 2018 AED 180,000; 2019 AED 175,625; 2020 AED 150,000; 2021 AED 155,000; 2022 AED 200,000; 2023 AED 221,760; 2024 AED 250,000; 2025 AED 250,000; 2026 AED 231,000New contract, February 2020: AED 170,000 a yearNew contract, December 2020: AED 170,000 a yearRenewal, December 2021: AED 170,000 a yearRenewal, December 2022: AED 204,000 a yearNew contract, February 2024: AED 290,000 a yearRenewal, February 2025: AED 306,146 a yearRenewal, February 2025: AED 306,146 a year

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 1501 sits

All 77 2-beds →

1501 last sold in August 2026 at AED 1,962 per sqft, in line with what two-beds in Palazzo Versace were fetching at the time (AED 1,925). 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. 1501's AED 306,146 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Oct 20263,600,000
2 Oct 20263,900,000
22 Jul 20263,500,000
16 Jul 20264,000,000
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 5th floor

All 166 units in Palazzo Versace
Value
15023-bedAED 5.8M · Feb 2026
15032-bedAED 3.55M · Jun 2022
15042-bedAED 3.3M · Oct 2025
15054-bedAED 12.79M · Sep 2012
15062-bedAED 3.58M · Feb 2024
15072-bedAED 5.08M · May 2014
15083-bedAED 5.6M · May 2025
1–7 of 23

1501, Palazzo Versace in numbers

  • Sold twice: first on 10 December 2012 for AED 5,854,800, last on 19 August 2026 for AED 4,000,000 (AED 1,962 per sqft).
  • Rented since February 2020 on 7 Ejari contracts, from AED 170,000 to AED 306,146 a year.
  • At AED 306,146 a year the gross yield on the 2026 price is 7.6%.
  • 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 19 August 2026.

Questions about 1501, Palazzo Versace

What did unit 1501 last sell for?

AED 4,000,000 on 19 August 2026: AED 1,962 per sqft for 2,038 sqft. The unit has 2 registered sales; the first was AED 5,854,800 in December 2012.

What is the rent for unit 1501?

AED 306,146 a year on the contract renewed on 1 February 2025. The previous contract, from February 2025, was AED 306,146; the unit has been rented since February 2020.

How big is unit 1501?

2,038 sqft (189.3 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.

What is unit 1501 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 1501, Palazzo Versace

Starts from the last sale price (AED 4M, 19 August 2026). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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