3-bed · 3,821 sqftPalazzo Versace, Culture Village · 6th floor · completed 2015

1609, Palazzo Versace

Sold prices and rental history: sold once, by the developer in January 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 1 January 2025

Last soldAED 12.28M26 January 2014

Current rentAED 50K /yr1 January 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1609, Palazzo Versace

Today

What is 1609 worth today?

Last sold for AED 12,279,100 in 2014

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Jan 2025

1 Jan 2025RentedRenewal · flagged as an outlier

AED 50,000/yr12 months · AED 13 per sqft

1 Jan 2025

1 Jan 2025RentedRenewal · flagged as an outlier

AED 50,000/yr12 months · AED 13 per sqft

1 Jan 2024

1 Jan 2024RentedRenewal · flagged as an outlier

AED 50,000/yr12 months · AED 13 per sqft

1 Jan 2023

1 Jan 2023RentedRenewal · flagged as an outlier

AED 50,000/yr12 months · AED 13 per sqft

1 Jan 2022

1 Jan 2022RentedRenewal · flagged as an outlier

AED 50,000/yr12 months · AED 13 per sqft

1 Jan 2021

1 Jan 2021RentedRenewal · flagged as an outlier

AED 50,000/yr12 months · AED 13 per sqft

1 Jan 2020

1 Jan 2020RentedRenewal · flagged as an outlier

AED 50,000/yr12 months · AED 13 per sqft

9 Dec 2018

9 Dec 2018RentedRenewal

AED 75,000/yr13 months · AED 20 per sqft

Source: Dubai Land Department. Updated 1 January 2025.

Key facts

Type: 3-bed apartment
Size: 3,821 sqft
Floor: 6th of 8
Parking: B2-W168, B2-W169
Developer: Emirates PV Dubai
Completed: 2015
Last sold: AED 12.28M · January 2014
Building: Palazzo Versace

About 1609, Palazzo Versace

1609 is a three-bedroom apartment of 3,821 sqft on the 6th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 26 January 2014 for AED 12,279,100, or AED 3,213 per sqft, 16% above the AED 2,774 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 12 Ejari contracts. The current contract, renewed on 1 January 2025, is AED 50,000 a year: a gross yield of 0.4% on the 2014 price.

Sales and rents for 1609 over time

Sales

Unit 1609, each saleTypical three-bed in Palazzo Versace

1609 has sold once; the dashed line is the three-bed median of each year in the building.

Rents

Unit 1609, 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 1609 sits

All 65 3-beds →

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

1609 last sold in January 2014 at AED 3,213 per sqft, 16% above what three-beds in Palazzo Versace were fetching at the time (AED 2,774). 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. 1609's AED 50,000 is at the bottom of that range.

Recent 3-bed sales	Unit no.	Size	Price (AED)	Per sqft	Summary
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

					ValueToday's value
1601	2-bed	2,038 sqft	AED 4.29MAED 4,285,000 · Jul 2024July 2024	170,000 /yr
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
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

1609, Palazzo Versace in numbers

Sold once: by Emirates PV Dubai on 26 January 2014 for AED 12,279,100, or AED 3,213 per sqft.
Rented since December 2016 on 12 Ejari contracts, from AED 75,000 to AED 50,000 a year.
At AED 50,000 a year the gross yield on the 2014 price is 0.4%.
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 1 January 2025.

Questions about 1609, Palazzo Versace

What did unit 1609 last sell for?

AED 12,279,100 on 26 January 2014, sold by the developer: AED 3,213 per sqft for 3,821 sqft. It is the only registered sale of the unit.

What is the rent for unit 1609?

AED 50,000 a year on the contract renewed on 1 January 2025. The previous contract, from January 2025, was AED 50,000; the unit has been rented since December 2016.

How big is unit 1609?

3,821 sqft (355.0 sqm): a three-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.

What is unit 1609 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.

Selling 1609? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1609, Palazzo Versace

Starts from the last sale price (AED 12.28M, 26 January 2014). Switch to today's estimate once you have unlocked it.

Price: AED 12,279,100
Deposit, UAE resident (20%): AED 2,455,820
Deposit, non-resident (40%): AED 4,911,640
Monthly over 25 years at 3.7%: AED 50,238

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