3-bed · 2,238 sqftPalazzo Versace, Culture Village · 6th floor · completed 2015

1602, Palazzo Versace

Sold prices and rental history: sold twice, last in March 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1602 · DLD and Ejari recordsUpdated 23 April 2025

Last soldAED 4.6M30 March 2022

Current rentAED 335K /yr23 April 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1602, Palazzo Versace

Today

What is 1602 worth today?

Last sold for AED 4,604,962 in 2022

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23 Apr 2025

23 Apr 2025RentedRenewal

AED 335,000/yr12 months · AED 150 per sqft

23 Apr 2025

23 Apr 2025RentedRenewal

AED 335,000/yr12 months · AED 150 per sqft

23 Apr 2024

23 Apr 2024RentedNew contract

AED 335,000/yr12 months · AED 150 per sqft

17 Feb 2023

17 Feb 2023RentedNew contract

AED 320,000/yr12 months · AED 143 per sqft

30 Mar 2022

30 Mar 2022SoldReady

AED 4,604,962AED 2,057 per sqft

12 Mar 2009

12 Mar 2009Sold by developerOff-plan · flagged as an outlier

AED 12,376,000AED 5,530 per sqft

Source: Dubai Land Department. Updated 23 April 2025.

Key facts

Type: 3-bed apartment
Size: 2,238 sqft
Floor: 6th of 8
Parking: B2-W176, B2-W177
Developer: Emirates PV Dubai
Completed: 2015
Last sold: AED 4.6M · March 2022
Building: Palazzo Versace

About 1602, Palazzo Versace

1602 is a three-bedroom apartment of 2,238 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 30 March 2022 for AED 4,604,962, or AED 2,057 per sqft, in line with the AED 2,078 three-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 23 April 2025, is AED 335,000 a year: a gross yield of 7.3% on the 2022 price.

Sales and rents for 1602 over time

Sales

Unit 1602, each saleTypical three-bed in Palazzo Versace

1602 has sold once; the dashed line is the three-bed median of each year in the building.

Rents

Unit 1602, 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 1602 sits

All 65 3-beds →

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

1602 last sold in March 2022 at AED 2,057 per sqft, in line with what three-beds in Palazzo Versace were fetching at the time (AED 2,078). 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. 1602's AED 335,000 is in the lower half 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 6th floor

All 166 units in Palazzo Versace


1601	2-bed	2,038 sqft	AED 4.29MAED 4,285,000 · Jul 2024July 2024	170,000 /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

1–7 of 22

1602, Palazzo Versace in numbers

Sold twice: first on 12 March 2009 for AED 12,376,000, last on 30 March 2022 for AED 4,604,962 (AED 2,057 per sqft).
Rented since February 2023 on 4 Ejari contracts, from AED 320,000 to AED 335,000 a year.
At AED 335,000 a year the gross yield on the 2022 price is 7.3%.
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 23 April 2025.

Questions about 1602, Palazzo Versace

What did unit 1602 last sell for?

AED 4,604,962 on 30 March 2022: AED 2,057 per sqft for 2,238 sqft. The unit has 2 registered sales; the first was AED 12,376,000 in March 2009.

What is the rent for unit 1602?

AED 335,000 a year on the contract renewed on 23 April 2025. The previous contract, from April 2025, was AED 335,000; the unit has been rented since February 2023.

How big is unit 1602?

2,238 sqft (207.9 sqm): a three-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.

What is unit 1602 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 1602, Palazzo Versace

Starts from the last sale price (AED 4.6M, 30 March 2022). Switch to today's estimate once you have unlocked it.

Price: AED 4,604,962
Deposit, UAE resident (20%): AED 920,992
Deposit, non-resident (40%): AED 1,841,985
Monthly over 25 years at 3.7%: AED 18,840

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