3-bed · 3,808 sqftPalazzo Versace, Culture Village · 5th floor · completed 2015

1509, Palazzo Versace

Sold prices and rental history: sold once, by the developer in April 2014, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1509 · DLD and Ejari recordsUpdated 5 May 2020

Last soldAED 12.09M20 April 2014

Current rentAED 240K /yr5 May 2020

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1509, Palazzo Versace

Today

What is 1509 worth today?

Last sold for AED 12,093,100 in 2014

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5 May 2020

5 May 2020RentedNew contract

AED 240,000/yr12 months · AED 63 per sqft

2 Feb 2018

2 Feb 2018RentedRenewal · flagged as an outlier

AED 49,852/yr12 months · AED 13 per sqft

1 Feb 2017

1 Feb 2017RentedNew contract · flagged as an outlier

AED 49,852/yr12 months · AED 13 per sqft

20 Apr 2014

20 Apr 2014Sold by developerOff-plan

AED 12,093,100AED 3,175 per sqft

Source: Dubai Land Department. Updated 5 May 2020.

Key facts

Type: 3-bed apartment
Size: 3,808 sqft
Floor: 5th of 8
Parking: B1M-W043, B1M-W044
Developer: Emirates PV Dubai
Completed: 2015
Last sold: AED 12.09M · April 2014
Building: Palazzo Versace

About 1509, Palazzo Versace

1509 is a three-bedroom apartment of 3,808 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 20 April 2014 for AED 12,093,100, or AED 3,175 per sqft, 13% above the AED 2,818 three-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 5 May 2020, is AED 240,000 a year: a gross yield of 2.0% on the 2014 price.

Sales and rents for 1509 over time

Sales

Unit 1509, each saleTypical three-bed in Palazzo Versace

1509 has sold once; the dashed line is the three-bed median of each year in the building.

Rents

Unit 1509, each contractTypical three-bed in Palazzo Versace

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 1509 sits

All 65 3-beds →

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

1509 last sold in April 2014 at AED 3,175 per sqft, 13% above what three-beds in Palazzo Versace were fetching at the time (AED 2,818). 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. 1509's AED 240,000 is at the bottom of that range.

Recent 3-bed sales	Size	Price (AED)	Per sqft
5 Oct 20265 October 2026	5,069 sqft	10,400,000	2,051
6 Jul 20266 July 2026	2,239 sqft	4,250,000	1,897
12 Feb 202612 February 2026	2,238 sqft	5,800,000	2,591
11 Feb 202611 February 2026	3,799 sqft	9,000,000	2,369

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 5th floor

All 166 units in Palazzo Versace


1501	2-bed	2,038 sqft	AED 4MAED 4,000,000 · Aug 2026August 2026	306,146 /yr
1502	3-bed	2,238 sqft	AED 5.8MAED 5,800,000 · Feb 2026February 2026	410,000 /yr
1503	2-bed	1,764 sqft	AED 3.55MAED 3,550,000 · Jun 2022June 2022	250,000 /yr
1504	2-bed	1,763 sqft	AED 3.3MAED 3,300,000 · Oct 2025October 2025	135,000 /yr
1505	4-bed	5,035 sqft	AED 12.79MAED 12,792,500 · Sep 2012September 2012	325,000 /yr
1506	2-bed	1,685 sqft	AED 3.58MAED 3,580,000 · Feb 2024February 2024	150,000 /yr
1507	2-bed	1,686 sqft	AED 5.08MAED 5,077,600 · May 2014May 2014	235,000 /yr
1508	3-bed	2,239 sqft	AED 5.6MAED 5,600,000 · May 2025May 2025	390,000 /yr
1510	3-bed	3,003 sqft	AED 6.26MAED 6,256,000 · May 2023May 2023	380,000 /yr
1511	2-bed	2,021 sqft	AED 9.66MAED 9,659,750 · Feb 2009February 2009	240,000 /yr
1512	2-bed	2,021 sqft	AED 4MAED 4,000,000 · Dec 2023December 2023	150,000 /yr
2513	2-bed	2,038 sqft	AED 6.04MAED 6,035,040 · Sep 2013September 2013
2514	3-bed	2,238 sqft	AED 8.5MAED 8,500,000 · Jul 2014July 2014
2515	2-bed	1,764 sqft	AED 4MAED 4,000,000 · May 2025May 2025	280,000 /yr
2516	2-bed	1,763 sqft	AED 6.8MAED 6,800,000 · Sep 2014September 2014	281,514 /yr
2517	4-bed	5,035 sqft	AED 19.5MAED 19,500,000 · Jul 2013July 2013	700,000 /yr
2518	2-bed	1,685 sqft	AED 6.44MAED 6,436,610 · Jul 2013July 2013	85,000 /yr
2519	2-bed	1,686 sqft	AED 1.79MAED 1,790,000 · Feb 2018February 2018	232,000 /yr
2520	3-bed	2,239 sqft	AED 5.69MAED 5,692,500 · Sep 2012September 2012	340,000 /yr
2521	3-bed	3,808 sqft	AED 8.28MAED 8,275,350 · Sep 2012September 2012	425,000 /yr
2522	3-bed	3,003 sqft	No registered sale	300,000 /yr
2523	2-bed	2,021 sqft	AED 2.61MAED 2,605,000 · May 2019May 2019	231,000 /yr
2524	2-bed	2,021 sqft	AED 4MAED 4,000,000 · Jan 2017January 2017	241,500 /yr

1–7 of 23

1509, Palazzo Versace in numbers

Sold once: by Emirates PV Dubai on 20 April 2014 for AED 12,093,100, or AED 3,175 per sqft.
Rented since February 2017 on 3 Ejari contracts, from AED 49,852 to AED 240,000 a year.
At AED 240,000 a year the gross yield on the 2014 price is 2.0%.
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 5 May 2020.

Questions about 1509, Palazzo Versace

What did unit 1509 last sell for?

AED 12,093,100 on 20 April 2014, sold by the developer: AED 3,175 per sqft for 3,808 sqft. It is the only registered sale of the unit.

What is the rent for unit 1509?

AED 240,000 a year on the contract signed on 5 May 2020. The previous contract, from February 2018, was AED 49,852; the unit has been rented since February 2017.

How big is unit 1509?

3,808 sqft (353.8 sqm): a three-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.

What is unit 1509 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 1509, Palazzo Versace

Starts from the last sale price (AED 12.09M, 20 April 2014). Switch to today's estimate once you have unlocked it.

Price: AED 12,093,100
Deposit, UAE resident (20%): AED 2,418,620
Deposit, non-resident (40%): AED 4,837,240
Monthly over 25 years at 3.7%: AED 49,477

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