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4-bed · 5,035 sqftPalazzo Versace, Culture Village · 5th floor · completed 2015

1505, Palazzo Versace

Sold prices and rental history: sold once, by the developer in September 2012, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1505 · DLD and Ejari recordsUpdated 5 June 2020
Last soldAED 12.79M11 September 2012
Current rentAED 325K /yr5 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1505, Palazzo Versace

What is 1505 worth today?

Last sold for AED 12,792,500 in 2012

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5 Jun 2020RentedRenewal
AED 325,000/yr12 months · AED 65 per sqft
5 Jun 2019RentedRenewal
AED 350,000/yr12 months · AED 69 per sqft
5 Jun 2018RentedNew contract
AED 365,000/yr12 months · AED 72 per sqft
11 Sep 2012Sold by developerOff-plan
AED 12,792,500AED 2,540 per sqft

Source: Dubai Land Department. Updated 5 June 2020.

Key facts

Type
4-bed apartment
Size
5,035 sqft
Floor
5th of 8
Parking
B1-W127, B1-W128, B2-W129
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 12.79M · September 2012
Building
Palazzo Versace

About 1505, Palazzo Versace

1505 is a four-bedroom apartment of 5,035 sqft on the 5th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 11 September 2012 for AED 12,792,500, or AED 2,540 per sqft, 12% above the AED 2,262 four-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 5 June 2020, is AED 325,000 a year: a gross yield of 2.5% on the 2012 price.

Sales and rents for 1505 over time

Sales
Unit 1505, 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, September 2012: AED 12,792,500 (AED 2,540 per sqft)

1505 has sold once; the dashed line is the four-bed median of each year in the building.

Rents
Unit 1505, 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 707,500New contract, June 2018: AED 365,000 a yearRenewal, June 2019: AED 350,000 a yearRenewal, June 2020: AED 325,000 a year

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 1505 sits

All 17 4-beds →

1505 last sold in September 2012 at AED 2,540 per sqft, 12% above what four-beds in Palazzo Versace were fetching at the time (AED 2,262). 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. 1505's AED 325,000 is in the lower half of that range.

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 5th floor

All 166 units in Palazzo Versace
Value
15012-bedAED 4M · Aug 2026
15023-bedAED 5.8M · Feb 2026
15032-bedAED 3.55M · Jun 2022
15042-bedAED 3.3M · Oct 2025
15062-bedAED 3.58M · Feb 2024
15072-bedAED 5.08M · May 2014
15083-bedAED 5.6M · May 2025
1–7 of 23

1505, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 11 September 2012 for AED 12,792,500, or AED 2,540 per sqft.
  • Rented since June 2018 on 3 Ejari contracts, from AED 365,000 to AED 325,000 a year.
  • At AED 325,000 a year the gross yield on the 2012 price is 2.5%.
  • 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 June 2020.

Questions about 1505, Palazzo Versace

What did unit 1505 last sell for?

AED 12,792,500 on 11 September 2012, sold by the developer: AED 2,540 per sqft for 5,035 sqft. It is the only registered sale of the unit.

What is the rent for unit 1505?

AED 325,000 a year on the contract renewed on 5 June 2020. The previous contract, from June 2019, was AED 350,000; the unit has been rented since June 2018.

How big is unit 1505?

5,035 sqft (467.8 sqm): a four-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.

What is unit 1505 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 1505, Palazzo Versace

Starts from the last sale price (AED 12.79M, 11 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 12,792,500
Deposit, UAE resident (20%)
AED 2,558,500
Deposit, non-resident (40%)
AED 5,117,000
Monthly over 25 years at 3.7%
AED 52,338

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