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4-bed · 5,001 sqftPalazzo Versace, Culture Village · 6th floor · completed 2015

1605, Palazzo Versace

Sold prices and rental history: sold twice, last in January 2022, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1605 · DLD and Ejari recordsUpdated 11 January 2022
Last soldAED 139K11 January 2022
Current rentAED 250K /yr15 April 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1605, Palazzo Versace

What is 1605 worth today?

Last sold for AED 138,770 in 2022

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11 Jan 2022SoldReady · flagged as an outlier
AED 138,770AED 27 per sqft
15 Apr 2017RentedRenewal
AED 250,000/yr36 months · AED 50 per sqft
15 Apr 2016RentedNew contract
AED 330,000/yr12 months · AED 66 per sqft
13 May 2013Sold by developerOff-plan
AED 15,747,000AED 3,149 per sqft

Source: Dubai Land Department. Updated 11 January 2022.

Key facts

Type
4-bed apartment
Size
5,001 sqft
Floor
6th of 8
Parking
B2-W130, B2-W131, B2-W132
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 139K · January 2022
Building
Palazzo Versace

About 1605, Palazzo Versace

1605 is a four-bedroom apartment of 5,001 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 11 January 2022 for AED 138,770, or AED 27 per sqft, 98% below the AED 1,722 four-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, renewed on 15 April 2017, is AED 250,000 a year: a gross yield of 180.2% on the 2022 price.

Sales and rents for 1605 over time

Sales
Unit 1605, each saleTypical four-bed in Palazzo Versace
10M15M20092013201720212025Typical sale price by year: 2009 AED 16,055,500; 2012 AED 11,697,500; 2013 AED 15,849,250; 2018 AED 11,000,000; 2019 AED 6,755,000; 2021 AED 10,000,000; 2023 AED 12,500,000; 2024 AED 13,500,000Sold by developer, May 2013: AED 15,747,000 (AED 3,149 per sqft)

1605 has sold once; the dashed line is the four-bed median of each year in the building.

Rents
Unit 1605, each contractTypical four-bed in Palazzo Versace
250K500K750K2016201920222025Typical rent by year: 2018 AED 365,000; 2019 AED 360,001; 2020 AED 350,000; 2021 AED 405,000; 2022 AED 650,000; 2023 AED 625,000; 2024 AED 715,000; 2025 AED 707,500New contract, April 2016: AED 330,000 a yearRenewal, April 2017: AED 250,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Palazzo Versace, and where 1605 sits

All 17 4-beds →

1605 last sold in January 2022 at AED 27 per sqft, 98% below what four-beds in Palazzo Versace were fetching at the time (AED 1,722). Over the last 12 months four-beds sold for AED 12,800,000, around AED 2,429 per sqft, and rent for AED 301,622 to 625,000 a year. 1605's AED 250,000 is at the bottom of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
1 May 202612,800,000
22 Jul 20258,125,000
24 Dec 202413,500,000
20 Dec 202413,000,000
1 4-bed sale 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
Value
16012-bedAED 4.29M · Jul 2024
16023-bedAED 4.6M · Mar 2022
16032-bedAED 9.45M · Jan 2012
16042-bedAED 3.2M · Jan 2019
16062-bedAED 5.5M · Apr 2011
16072-bedAED 4.33M · Feb 2009
16083-bedAED 6.31M · Feb 2014
1–7 of 22

1605, Palazzo Versace in numbers

  • Sold twice: first on 13 May 2013 for AED 15,747,000, last on 11 January 2022 for AED 138,770 (AED 27 per sqft).
  • Rented since April 2016 on 2 Ejari contracts, from AED 330,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2022 price is 180.2%.
  • Four-beds in Palazzo Versace sold for AED 12,800,000–12,800,000 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 11 January 2022.

Questions about 1605, Palazzo Versace

What did unit 1605 last sell for?

AED 138,770 on 11 January 2022: AED 27 per sqft for 5,001 sqft. The unit has 2 registered sales; the first was AED 15,747,000 in May 2013.

What is the rent for unit 1605?

AED 250,000 a year on the contract renewed on 15 April 2017. The previous contract, from April 2016, was AED 330,000.

How big is unit 1605?

5,001 sqft (464.6 sqm): a four-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.

What is unit 1605 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Palazzo Versace sold for AED 12,800,000 to 12,800,000 in the last 12 months, around AED 2,429 per sqft.

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Mortgage on 1605, Palazzo Versace

Starts from the last sale price (AED 139K, 11 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 138,770
Deposit, UAE resident (20%)
AED 27,754
Deposit, non-resident (40%)
AED 55,508
Monthly over 25 years at 3.7%
AED 568

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