4-bed · 4,717 sqftPalazzo Versace, Culture Village · 7th floor · completed 2015

1702, Palazzo Versace

Sold prices and rental history: no registered sale, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 18 September 2021
Current rentAED 400K /yr18 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, Palazzo Versace

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18 Sep 2021RentedRenewal
AED 400,000/yr12 months · AED 85 per sqft
18 Sep 2019RentedNew contract
AED 400,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 18 September 2021.

Key facts

Type
4-bed apartment
Size
4,717 sqft
Floor
7th of 8
Parking
B2-W135, B2-W136, B2-W137
Developer
Emirates PV Dubai
Completed
2015
Last sold
No registered sale

About 1702, Palazzo Versace

1702 is a four-bedroom apartment of 4,717 sqft on the 7th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. No sale of the unit is registered with the Dubai Land Department.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 18 September 2021, is AED 400,000 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, 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 13,500,000

No registered sale of 1702; the dashed line is the four-bed median of each year in the building.

Rents
Unit 1702, each contractTypical four-bed in Palazzo Versace
400K600K20182020202220242026Typical 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, September 2019: AED 400,000 a yearRenewal, September 2021: AED 400,000 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 1702 sits

All 17 4-beds →

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. 1702's AED 400,000 is in the lower half 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 7th floor

All 166 units in Palazzo Versace
Value
17013-bedAED 3.4M · Jan 2022
17033-bedAED 12.84M · Jun 2016
17045-bedAED 21.3M · Dec 2023
17052-bedAED 11.79M · Jun 2016
17064-bedAED 9.2M · Mar 2023
17073-bedAED 9M · Feb 2026
17083-bedAED 7.91M · Dec 2012
1–7 of 19

1702, Palazzo Versace in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since September 2019 on 2 Ejari contracts, at AED 400,000 a year.
  • 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 18 September 2021.

Questions about 1702, Palazzo Versace

What is the rent for unit 1702?

AED 400,000 a year on the contract renewed on 18 September 2021. The previous contract, from September 2019, was AED 400,000.

How big is unit 1702?

4,717 sqft (438.2 sqm): a four-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.

What is unit 1702 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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