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2-bed · 1,685 sqftPalazzo Versace, Culture Village · 5th floor · completed 2015

1506, Palazzo Versace

Sold prices and rental history: sold twice, last in February 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 19 February 2024
Last soldAED 3.58M19 February 2024
Current rentAED 150K /yr2 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1506, Palazzo Versace

What is 1506 worth today?

Last sold for AED 3,580,000 in 2024

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19 Feb 2024SoldReady
AED 3,580,000AED 2,124 per sqft
2 Feb 2020RentedNew contract
AED 150,000/yr12 months · AED 89 per sqft
20 May 2018RentedNew contract
AED 170,000/yr12 months · AED 101 per sqft
10 Jun 2014Sold by developerOff-plan
AED 6,069,000AED 3,601 per sqft

Source: Dubai Land Department. Updated 19 February 2024.

Key facts

Type
2-bed apartment
Size
1,685 sqft
Floor
5th of 8
Parking
B1M-W037, B1M-W038
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 3.58M · February 2024
Building
Palazzo Versace

About 1506, Palazzo Versace

1506 is a two-bedroom apartment of 1,685 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 February 2024 for AED 3,580,000, or AED 2,124 per sqft, 17% above the AED 1,809 two-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 2 February 2020, is AED 150,000 a year: a gross yield of 4.2% on the 2024 price.

Sales and rents for 1506 over time

Sales
Unit 1506, 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, June 2014: AED 6,069,000 (AED 3,601 per sqft)Sold, February 2024: AED 3,580,000 (AED 2,124 per sqft)

1506 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1506, each contractTypical two-bed in Palazzo Versace
150K200K250K2016201920222025Typical 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, May 2018: AED 170,000 a yearNew contract, February 2020: AED 150,000 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 1506 sits

All 77 2-beds →

1506 last sold in February 2024 at AED 2,124 per sqft, 17% above what two-beds in Palazzo Versace were fetching at the time (AED 1,809). 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. 1506's AED 150,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Oct 20263,600,000
2 Oct 20263,900,000
19 Aug 20264,000,000
22 Jul 20263,500,000
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
15012-bedAED 4M · Aug 2026
15023-bedAED 5.8M · Feb 2026
15032-bedAED 3.55M · Jun 2022
15042-bedAED 3.3M · Oct 2025
15054-bedAED 12.79M · Sep 2012
15072-bedAED 5.08M · May 2014
15083-bedAED 5.6M · May 2025
1–7 of 23

1506, Palazzo Versace in numbers

  • Sold twice: first on 10 June 2014 for AED 6,069,000, last on 19 February 2024 for AED 3,580,000 (AED 2,124 per sqft).
  • Rented since May 2018 on 2 Ejari contracts, from AED 170,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2024 price is 4.2%.
  • 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 February 2024.

Questions about 1506, Palazzo Versace

What did unit 1506 last sell for?

AED 3,580,000 on 19 February 2024: AED 2,124 per sqft for 1,685 sqft. The unit has 2 registered sales; the first was AED 6,069,000 in June 2014.

What is the rent for unit 1506?

AED 150,000 a year on the contract signed on 2 February 2020. The previous contract, from May 2018, was AED 170,000.

How big is unit 1506?

1,685 sqft (156.5 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.

What is unit 1506 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 1506, Palazzo Versace

Starts from the last sale price (AED 3.58M, 19 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,580,000
Deposit, UAE resident (20%)
AED 716,000
Deposit, non-resident (40%)
AED 1,432,000
Monthly over 25 years at 3.7%
AED 14,647

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