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2-bed · 2,021 sqftPalazzo Versace, Culture Village · 6th floor · completed 2015

1612, Palazzo Versace

Sold prices and rental history: sold twice, last in September 2023, and rented once, from May 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1612 · DLD and Ejari recordsUpdated 27 May 2025
Last soldAED 3.4M19 September 2023
Current rentAED 25K /yr27 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1612, Palazzo Versace

What is 1612 worth today?

Last sold for AED 3,400,000 in 2023

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27 May 2025RentedNew contract · flagged as an outlier
AED 25,000/yr12 months · AED 12 per sqft
19 Sep 2023SoldReady
AED 3,400,000AED 1,682 per sqft
22 Jan 2013Sold by developerOff-plan
AED 5,431,400AED 2,687 per sqft

Source: Dubai Land Department. Updated 27 May 2025.

Key facts

Type
2-bed apartment
Size
2,021 sqft
Floor
6th of 8
Parking
B2-W162, B2-W163
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 3.4M · September 2023
Building
Palazzo Versace

About 1612, Palazzo Versace

1612 is a two-bedroom apartment of 2,021 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 19 September 2023 for AED 3,400,000, or AED 1,682 per sqft, 7% below the AED 1,814 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 27 May 2025. The current contract, signed on 27 May 2025, is AED 25,000 a year: a gross yield of 0.7% on the 2023 price.

Sales and rents for 1612 over time

Sales
Unit 1612, each saleTypical two-bed in Palazzo Versace
5M2009201420192024Typical sale price by year: 2009 AED 7,988,750; 2011 AED 4,189,000; 2012 AED 4,191,438; 2013 AED 5,551,500; 2014 AED 6,373,700; 2016 AED 7,200,000; 2017 AED 3,416,131; 2018 AED 3,000,000; 2019 AED 2,000,000; 2021 AED 2,891,662; 2023 AED 3,520,000; 2024 AED 4,200,000; 2025 AED 3,466,600; 2026 AED 3,880,000Sold by developer, January 2013: AED 5,431,400 (AED 2,687 per sqft)Sold, September 2023: AED 3,400,000 (AED 1,682 per sqft)

1612 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1612, each contractTypical two-bed in Palazzo Versace
150K200K250K2016201920222025Typical rent by year: 2016 AED 220,000; 2017 AED 210,000; 2018 AED 180,000; 2019 AED 175,625; 2020 AED 150,000; 2021 AED 155,000; 2022 AED 200,000; 2023 AED 221,760; 2024 AED 250,000; 2025 AED 250,000; 2026 AED 231,000

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 1612 sits

All 77 2-beds →

1612 last sold in September 2023 at AED 1,682 per sqft, 7% below what two-beds in Palazzo Versace were fetching at the time (AED 1,814). 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. 1612's AED 25,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Oct 20263,600,000
2 Oct 20263,900,000
19 Aug 20264,000,000
22 Jul 20263,500,000
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
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
16054-bedAED 139K · Jan 2022
16062-bedAED 5.5M · Apr 2011
16072-bedAED 4.33M · Feb 2009
1–7 of 22

1612, Palazzo Versace in numbers

  • Sold twice: first on 22 January 2013 for AED 5,431,400, last on 19 September 2023 for AED 3,400,000 (AED 1,682 per sqft).
  • Rented since May 2025 on one Ejari contract, at AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2023 price is 0.7%.
  • 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 27 May 2025.

Questions about 1612, Palazzo Versace

What did unit 1612 last sell for?

AED 3,400,000 on 19 September 2023: AED 1,682 per sqft for 2,021 sqft. The unit has 2 registered sales; the first was AED 5,431,400 in January 2013.

What is the rent for unit 1612?

AED 25,000 a year on the contract signed on 27 May 2025.

How big is unit 1612?

2,021 sqft (187.8 sqm): a two-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.

What is unit 1612 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 1612, Palazzo Versace

Starts from the last sale price (AED 3.4M, 19 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

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