1705, Palazzo Versace
Sold prices and rental history: sold twice, last in June 2016, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1705, Palazzo Versace
What is 1705 worth today?
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Source: Dubai Land Department. Updated 1 May 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 3,720 sqft
- Floor
- 7th of 8
- Parking
- B2-W155, B2-W156
- Developer
- Emirates PV Dubai
- Completed
- 2015
- Last sold
- AED 11.79M · June 2016
- Building
- Palazzo Versace
About 1705, Palazzo Versace
1705 is a two-bedroom apartment of 3,720 sqft on the 7th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 23 June 2016 for AED 11,794,000, or AED 3,170 per sqft, in line with the AED 3,170 two-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 1 May 2021, is AED 200,000 a year: a gross yield of 1.7% on the 2016 price.
Sales and rents for 1705 over time
1705 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1705 sits
All 77 2-beds →1705 last sold in June 2016 at AED 3,170 per sqft, in line with what two-beds in Palazzo Versace were fetching at the time (AED 3,170). 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. 1705's AED 200,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Oct 20265 October 2026 | 1,763 sqft | 3,600,000 | 2,041 | ||
| 2 Oct 20262 October 2026 | 1,801 sqft | 3,900,000 | 2,165 | ||
| 19 Aug 202619 August 2026 | 2,038 sqft | 4,000,000 | 1,962 | ||
| 22 Jul 202622 July 2026 | 2,049 sqft | 3,500,000 | 1,708 |
Palazzo Versace
Building166 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%
Other units on the 7th floor
All 166 units in Palazzo Versace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 3-bed | 2,049 sqft | AED 3.4MAED 3,400,000 · Jan 2022January 2022 | 157,500 /yr | |
| 1702 | 4-bed | 4,717 sqft | No registered sale | 400,000 /yr | |
| 1703 | 3-bed | 3,944 sqft | AED 12.84MAED 12,841,100 · Jun 2016June 2016 | 241,500 /yr | |
| 1704 | 5-bed | 12,937 sqft | AED 21.3MAED 21,300,000 · Dec 2023December 2023 | 35,000 /yr | |
| 1706 | 4-bed | 4,715 sqft | AED 9.2MAED 9,200,000 · Mar 2023March 2023 | 625,000 /yr | |
| 1707 | 3-bed | 3,799 sqft | AED 9MAED 9,000,000 · Feb 2026February 2026 | 300,000 /yr | |
| 1708 | 3-bed | 2,961 sqft | AED 7.91MAED 7,912,900 · Dec 2012December 2012 | 425,000 /yr | |
| 1709 | 2-bed | 2,014 sqft | AED 2MAED 2,000,000 · Sep 2019September 2019 | 245,000 /yr | |
| 1710 | 2-bed | 2,021 sqft | AED 3.47MAED 3,466,600 · Jun 2025June 2025 | 250,000 /yr | |
| 2711 | 2-bed | 2,049 sqft | AED 3.5MAED 3,500,000 · Jul 2026July 2026 | 192,000 /yr | |
| 2712 | 4-bed | 4,717 sqft | AED 7.9MAED 7,900,000 · Apr 2023April 2023 | 600,000 /yr | |
| 2713 | 3-bed | 3,944 sqft | AED 12.75MAED 12,748,581 · Jan 2012January 2012 | ||
| 2714 | 5-bed | 12,936 sqft | AED 28.95MAED 28,952,200 · Jun 2016June 2016 | 390,000 /yr | |
| 2715 | 2-bed | 3,718 sqft | AED 3.87MAED 3,872,125 · Dec 2020December 2020 | 290,000 /yr | |
| 2716 | 4-bed | 4,715 sqft | AED 13.5MAED 13,500,000 · Dec 2024December 2024 | 301,622 /yr | |
| 2717 | 3-bed | 3,799 sqft | AED 8.28MAED 8,275,350 · Sep 2012September 2012 | 435,000 /yr | |
| 2718 | 3-bed | 2,961 sqft | AED 9.9MAED 9,897,600 · Jun 2014June 2014 | 384,300 /yr | |
| 2719 | 2-bed | 2,014 sqft | AED 7.93MAED 7,927,500 · Feb 2009February 2009 | 225,000 /yr | |
| 2720 | 2-bed | 2,021 sqft | AED 3.9MAED 3,900,000 · Dec 2024December 2024 | 266,500 /yr |
1705, Palazzo Versace in numbers
- Sold twice: first on 26 February 2009 for AED 11,794,000, last on 23 June 2016 for AED 11,794,000 (AED 3,170 per sqft).
- Rented since May 2019 on 3 Ejari contracts, from AED 235,000 to AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2016 price is 1.7%.
- 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 1 May 2021.
Questions about 1705, Palazzo Versace
What did unit 1705 last sell for?
AED 11,794,000 on 23 June 2016: AED 3,170 per sqft for 3,720 sqft. The unit has 2 registered sales; the first was AED 11,794,000 in February 2009.
What is the rent for unit 1705?
AED 200,000 a year on the contract renewed on 1 May 2021. The previous contract, from May 2020, was AED 200,000; the unit has been rented since May 2019.
How big is unit 1705?
3,720 sqft (345.6 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.
What is unit 1705 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 1705, Palazzo Versace
Starts from the last sale price (AED 11.79M, 23 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 11,794,000
- Deposit, UAE resident (20%)
- AED 2,358,800
- Deposit, non-resident (40%)
- AED 4,717,600
- Monthly over 25 years at 3.7%
- AED 48,253
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →