3-bed · 5,075 sqftPalazzo Versace, Culture Village · Ground floor · completed 2015

2010, Palazzo Versace

Sold prices and rental history: sold once, by the developer in August 2012, and rented once, from January 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2010 · DLD and Ejari recordsUpdated 10 January 2023
Last soldAED 12M14 August 2012
Current rentAED 750K /yr10 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2010, Palazzo Versace

What is 2010 worth today?

Last sold for AED 12,000,000 in 2012

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10 Jan 2023RentedNew contract
AED 750,000/yr12 months · AED 148 per sqft
14 Aug 2012Sold by developerOff-plan
AED 12,000,000AED 2,364 per sqft

Source: Dubai Land Department. Updated 10 January 2023.

Key facts

Type
3-bed apartment
Size
5,075 sqft
Floor
Ground of 8
Parking
B1-E051, B1-E052
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 12M · August 2012

About 2010, Palazzo Versace

2010 is a three-bedroom apartment of 5,075 sqft on the ground floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 14 August 2012 for AED 12,000,000, or AED 2,364 per sqft, in line with the AED 2,364 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 January 2023. The current contract, signed on 10 January 2023, is AED 750,000 a year: a gross yield of 6.3% on the 2012 price.

Sales and rents for 2010 over time

Sales
Unit 2010, each saleTypical three-bed in Palazzo Versace
5M10M2009201420192024Typical sale price by year: 2009 AED 12,841,100; 2012 AED 6,879,300; 2013 AED 8,041,188; 2014 AED 9,897,600; 2015 AED 12,400,000; 2016 AED 9,920,550; 2018 AED 4,706,000; 2019 AED 3,543,958; 2021 AED 5,000,000; 2022 AED 4,675,567; 2024 AED 5,197,500; 2025 AED 5,500,000; 2026 AED 7,400,000Sold by developer, August 2012: AED 12,000,000 (AED 2,364 per sqft)

2010 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2010, each contractTypical three-bed in Palazzo Versace
250K500K750K2016201920222025Typical rent by year: 2016 AED 315,000; 2017 AED 335,000; 2018 AED 310,000; 2019 AED 257,500; 2020 AED 235,000; 2021 AED 238,457; 2022 AED 350,000; 2023 AED 397,500; 2024 AED 435,000; 2025 AED 405,000; 2026 AED 422,500New contract, January 2023: AED 750,000 a year

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 2010 sits

All 65 3-beds →

2010 last sold in August 2012 at AED 2,364 per sqft, in line with what three-beds in Palazzo Versace were fetching at the time (AED 2,364). 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. 2010's AED 750,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Oct 202610,400,000
6 Jul 20264,250,000
12 Feb 20265,800,000
11 Feb 20269,000,000
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 ground floor

All 166 units in Palazzo Versace
Value
10014-bedAED 15.5M · Jun 2023
10023-bedAED 3.5M · Aug 2019
10033-bedAED 10.4M · Oct 2026
10046-bedAED 25M · Jul 2024
10053-bedAED 15.13M · Feb 2009
10063-bedAED 13.34M · Jun 2014
10074-bedAED 15.25M · Oct 2024
1–7 of 12

2010, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 14 August 2012 for AED 12,000,000, or AED 2,364 per sqft.
  • Rented since January 2023 on one Ejari contract, at AED 750,000 a year.
  • At AED 750,000 a year the gross yield on the 2012 price is 6.3%.
  • 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 10 January 2023.

Questions about 2010, Palazzo Versace

What did unit 2010 last sell for?

AED 12,000,000 on 14 August 2012, sold by the developer: AED 2,364 per sqft for 5,075 sqft. It is the only registered sale of the unit.

What is the rent for unit 2010?

AED 750,000 a year on the contract signed on 10 January 2023.

How big is unit 2010?

5,075 sqft (471.5 sqm): a three-bedroom apartment on the ground floor of a 8-storey tower completed in 2015.

What is unit 2010 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.

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Mortgage on 2010, Palazzo Versace

Starts from the last sale price (AED 12M, 14 August 2012). Switch to today's estimate once you have unlocked it.
Price
AED 12,000,000
Deposit, UAE resident (20%)
AED 2,400,000
Deposit, non-resident (40%)
AED 4,800,000
Monthly over 25 years at 3.7%
AED 49,096

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