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2-bed · 2,014 sqftPalazzo Versace, Culture Village · 7th floor · completed 2015

1709, Palazzo Versace

Sold prices and rental history: sold twice, last in September 2019, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1709 · DLD and Ejari recordsUpdated 24 November 2025
Last soldAED 2M29 September 2019
Current rentAED 245K /yr24 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1709, Palazzo Versace

What is 1709 worth today?

Last sold for AED 2,000,000 in 2019

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24 Nov 2025RentedNew contract
AED 245,000/yr12 months · AED 122 per sqft
21 Jan 2022RentedRenewal
AED 145,000/yr12 months · AED 72 per sqft
21 Jan 2021RentedRenewal
AED 145,000/yr12 months · AED 72 per sqft
21 Jan 2020RentedNew contract
AED 155,000/yr12 months · AED 77 per sqft
29 Sep 2019SoldReady
AED 2,000,000AED 993 per sqft
21 Jan 2019RentedNew contract
AED 155,000/yr12 months · AED 77 per sqft
1 Dec 2016RentedNew contract
AED 180,000/yr12 months · AED 89 per sqft
17 Apr 2011Sold by developerOff-plan
AED 4,106,000AED 2,038 per sqft

Source: Dubai Land Department. Updated 24 November 2025.

Key facts

Type
2-bed apartment
Size
2,014 sqft
Floor
7th of 8
Parking
B2-W149, B2-W150
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 2M · September 2019
Building
Palazzo Versace

About 1709, Palazzo Versace

1709 is a two-bedroom apartment of 2,014 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 29 September 2019 for AED 2,000,000, or AED 993 per sqft, in line with the AED 993 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 24 November 2025, is AED 245,000 a year: a gross yield of 12.3% on the 2019 price.

Sales and rents for 1709 over time

Sales
Unit 1709, 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, April 2011: AED 4,106,000 (AED 2,038 per sqft)Sold, September 2019: AED 2,000,000 (AED 993 per sqft)

1709 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1709, 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 231,000New contract, December 2016: AED 180,000 a yearNew contract, January 2019: AED 155,000 a yearNew contract, January 2020: AED 155,000 a yearRenewal, January 2021: AED 145,000 a yearRenewal, January 2022: AED 145,000 a yearNew contract, November 2025: AED 245,000 a year

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 1709 sits

All 77 2-beds →

1709 last sold in September 2019 at AED 993 per sqft, in line with what two-beds in Palazzo Versace were fetching at the time (AED 993). 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. 1709's AED 245,000 is in the lower half 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 7th floor

All 166 units in Palazzo Versace
Value
17013-bedAED 3.4M · Jan 2022
17024-bedNo registered sale
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
1–7 of 19

1709, Palazzo Versace in numbers

  • Sold twice: first on 17 April 2011 for AED 4,106,000, last on 29 September 2019 for AED 2,000,000 (AED 993 per sqft).
  • Rented since December 2016 on 6 Ejari contracts. The rent fell from AED 180,000 to AED 145,000 in 2022 and recovered to AED 245,000 by November 2025.
  • At AED 245,000 a year the gross yield on the 2019 price is 12.3%.
  • 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 24 November 2025.

Questions about 1709, Palazzo Versace

What did unit 1709 last sell for?

AED 2,000,000 on 29 September 2019: AED 993 per sqft for 2,014 sqft. The unit has 2 registered sales; the first was AED 4,106,000 in April 2011.

What is the rent for unit 1709?

AED 245,000 a year on the contract signed on 24 November 2025. The previous contract, from January 2022, was AED 145,000; the unit has been rented since December 2016.

How big is unit 1709?

2,014 sqft (187.1 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.

What is unit 1709 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 1709, Palazzo Versace

Starts from the last sale price (AED 2M, 29 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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