2-bed · 2,021 sqftPalazzo Versace, Culture Village · 5th floor · completed 2015

1512, Palazzo Versace

Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1512 · DLD and Ejari recordsUpdated 28 December 2023

Last soldAED 4M28 December 2023

Current rentAED 150K /yr11 December 2020

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1512, Palazzo Versace

Today

What is 1512 worth today?

Last sold for AED 4,000,000 in 2023

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28 Dec 2023

28 Dec 2023SoldReady

AED 4,000,000AED 1,979 per sqft

11 Dec 2020

11 Dec 2020RentedNew contract

AED 150,000/yr12 months · AED 74 per sqft

29 Nov 2019

29 Nov 2019RentedNew contract

AED 150,000/yr12 months · AED 74 per sqft

21 Jul 2018

21 Jul 2018RentedNew contract

AED 170,000/yr12 months · AED 84 per sqft

15 Jun 2017

15 Jun 2017RentedRenewal

AED 217,000/yr12 months · AED 107 per sqft

15 Jun 2016

15 Jun 2016RentedNew contract

AED 250,000/yr12 months · AED 124 per sqft

16 Feb 2015

16 Feb 2015Sold by developerOff-plan

AED 6,577,200AED 3,254 per sqft

Source: Dubai Land Department. Updated 28 December 2023.

Key facts

Type: 2-bed apartment
Size: 2,021 sqft
Floor: 5th of 8
Parking: B2-W180, B2-W181
Developer: Emirates PV Dubai
Completed: 2015
Last sold: AED 4M · December 2023
Building: Palazzo Versace

About 1512, Palazzo Versace

1512 is a two-bedroom apartment of 2,021 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 28 December 2023 for AED 4,000,000, or AED 1,979 per sqft, 9% above the AED 1,809 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 11 December 2020, is AED 150,000 a year: a gross yield of 3.8% on the 2023 price.

Sales and rents for 1512 over time

Sales

Unit 1512, each saleTypical two-bed in Palazzo Versace

1512 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1512, each contractTypical two-bed in Palazzo Versace

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 1512 sits

All 77 2-beds →

2-beds in Palazzo Versace · last 12 months2,041 /sqft Palazzo Versace · all types2,051 /sqft

1512 last sold in December 2023 at AED 1,979 per sqft, 9% 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. 1512's AED 150,000 is at the bottom of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
5 Oct 20265 October 2026	1,763 sqft	3,600,000	2,041
2 Oct 20262 October 2026	1,801 sqft	3,900,000	2,165
19 Aug 202619 August 2026	2,038 sqft	4,000,000	1,962
22 Jul 202622 July 2026	2,049 sqft	3,500,000	1,708

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: 5.9%

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
1509	3-bed	3,808 sqft	AED 12.09MAED 12,093,100 · Apr 2014April 2014	240,000 /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
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

1512, Palazzo Versace in numbers

Sold twice: first on 16 February 2015 for AED 6,577,200, last on 28 December 2023 for AED 4,000,000 (AED 1,979 per sqft).
Rented since June 2016 on 5 Ejari contracts, from AED 250,000 to AED 150,000 a year.
At AED 150,000 a year the gross yield on the 2023 price is 3.8%.
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 28 December 2023.

Questions about 1512, Palazzo Versace

What did unit 1512 last sell for?

AED 4,000,000 on 28 December 2023: AED 1,979 per sqft for 2,021 sqft. The unit has 2 registered sales; the first was AED 6,577,200 in February 2015.

What is the rent for unit 1512?

AED 150,000 a year on the contract signed on 11 December 2020. The previous contract, from November 2019, was AED 150,000; the unit has been rented since June 2016.

How big is unit 1512?

2,021 sqft (187.8 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.

What is unit 1512 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 1512, Palazzo Versace

Starts from the last sale price (AED 4M, 28 December 2023). 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 →