1601, Palazzo Versace
Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Palazzo Versace
What is 1601 worth today?
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Source: Dubai Land Department. Updated 3 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 2,038 sqft
- Floor
- 6th of 8
- Parking
- B2-W178, B2-W179
- Developer
- Emirates PV Dubai
- Completed
- 2015
- Last sold
- AED 4.29M · July 2024
- Building
- Palazzo Versace
About 1601, Palazzo Versace
1601 is a two-bedroom apartment of 2,038 sqft on the 6th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 3 July 2024 for AED 4,285,000, or AED 2,102 per sqft, 6% above the AED 1,979 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 28 February 2021, is AED 170,000 a year: a gross yield of 4.0% on the 2024 price.
Sales and rents for 1601 over time
1601 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1601 sits
All 77 2-beds →1601 last sold in July 2024 at AED 2,102 per sqft, 6% above what two-beds in Palazzo Versace were fetching at the time (AED 1,979). 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. 1601's AED 170,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
Palazzo Versace
Building166 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%
Other units on the 6th floor
All 166 units in Palazzo Versace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 3-bed | 2,238 sqft | AED 4.6MAED 4,604,962 · Mar 2022March 2022 | 335,000 /yr | |
| 1603 | 2-bed | 1,764 sqft | AED 9.45MAED 9,451,662 · Jan 2012January 2012 | ||
| 1604 | 2-bed | 1,763 sqft | AED 3.2MAED 3,200,000 · Jan 2019January 2019 | 150,700 /yr | |
| 1605 | 4-bed | 5,001 sqft | AED 139KAED 138,770 · Jan 2022January 2022 | 250,000 /yr | |
| 1606 | 2-bed | 1,685 sqft | AED 5.5MAED 5,500,000 · Apr 2011April 2011 | 260,000 /yr | |
| 1607 | 2-bed | 1,686 sqft | AED 4.33MAED 4,325,100 · Feb 2009February 2009 | 188,000 /yr | |
| 1608 | 3-bed | 2,239 sqft | AED 6.31MAED 6,311,590 · Feb 2014February 2014 | 310,000 /yr | |
| 1609 | 3-bed | 3,821 sqft | AED 12.28MAED 12,279,100 · Jan 2014January 2014 | 50,000 /yr | |
| 1610 | 3-bed | 2,975 sqft | AED 5.9MAED 5,900,000 · Dec 2024December 2024 | 380,000 /yr | |
| 1611 | 2-bed | 2,021 sqft | AED 6.12MAED 6,117,840 · Aug 2013August 2013 | 200,000 /yr | |
| 1612 | 2-bed | 2,021 sqft | AED 3.4MAED 3,400,000 · Sep 2023September 2023 | 25,000 /yr | |
| 2613 | 2-bed | 2,038 sqft | AED 3.09MAED 3,094,500 · Sep 2012September 2012 | 225,000 /yr | |
| 2614 | 3-bed | 2,238 sqft | AED 6MAED 6,000,000 · Feb 2018February 2018 | 320,000 /yr | |
| 2615 | 2-bed | 1,764 sqft | AED 3.4MAED 3,400,000 · May 2021May 2021 | 150,000 /yr | |
| 2616 | 2-bed | 1,763 sqft | AED 3.6MAED 3,600,000 · Oct 2026October 2026 | 260,000 /yr | |
| 2617 | 4-bed | 5,001 sqft | AED 20MAED 20,000,000 · Jul 2014July 2014 | 715,000 /yr | |
| 2618 | 2-bed | 1,685 sqft | AED 2.5MAED 2,500,000 · May 2021May 2021 | 150,000 /yr | |
| 2620 | 3-bed | 2,239 sqft | AED 10.11MAED 10,112,400 · Feb 2009February 2009 | ||
| 2621 | 3-bed | 3,821 sqft | AED 8.36MAED 8,360,000 · Oct 2024October 2024 | 50,000 /yr | |
| 2622 | 3-bed | 2,975 sqft | AED 4.75MAED 4,746,171 · Dec 2022December 2022 | ||
| 2623 | 2-bed | 1,071 sqft | AED 1.06MAED 1,059,976 · Sep 2019September 2019 | 210,000 /yr | |
| 2624 | 2-bed | 2,021 sqft | AED 2.74MAED 2,741,813 · Jan 2017January 2017 | 250,000 /yr |
1601, Palazzo Versace in numbers
- Sold twice: first on 24 September 2012 for AED 3,094,500, last on 3 July 2024 for AED 4,285,000 (AED 2,102 per sqft).
- Rented since July 2017 on 4 Ejari contracts, from AED 250,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2024 price is 4.0%.
- 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 3 July 2024.
Questions about 1601, Palazzo Versace
What did unit 1601 last sell for?
AED 4,285,000 on 3 July 2024: AED 2,102 per sqft for 2,038 sqft. The unit has 2 registered sales; the first was AED 3,094,500 in September 2012.
What is the rent for unit 1601?
AED 170,000 a year on the contract signed on 28 February 2021. The previous contract, from November 2019, was AED 170,000; the unit has been rented since July 2017.
How big is unit 1601?
2,038 sqft (189.3 sqm): a two-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.
What is unit 1601 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 1601, Palazzo Versace
Starts from the last sale price (AED 4.29M, 3 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,285,000
- Deposit, UAE resident (20%)
- AED 857,000
- Deposit, non-resident (40%)
- AED 1,714,000
- Monthly over 25 years at 3.7%
- AED 17,531
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →