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2-bed · 2,074 sqftPalazzo Versace, Culture Village · 2nd floor · completed 2015

2213, Palazzo Versace

Sold prices and rental history: sold twice, last in July 2023, and rented once, from April 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2213 · DLD and Ejari recordsUpdated 10 July 2023
Last soldAED 4.2M10 July 2023
Current rentAED 180K /yr29 April 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2213, Palazzo Versace

What is 2213 worth today?

Last sold for AED 4,200,000 in 2023

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10 Jul 2023SoldReady
AED 4,200,000AED 2,025 per sqft
29 Apr 2019RentedNew contract
AED 180,000/yr12 months · AED 87 per sqft
18 Dec 2012Sold by developerOff-plan
AED 5,297,500AED 2,554 per sqft

Source: Dubai Land Department. Updated 10 July 2023.

Key facts

Type
2-bed apartment
Size
2,074 sqft
Floor
2nd of 8
Parking
B1-E088, B1-E089
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 4.2M · July 2023
Building
Palazzo Versace

About 2213, Palazzo Versace

2213 is a two-bedroom apartment of 2,074 sqft on the 2nd floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 10 July 2023 for AED 4,200,000, or AED 2,025 per sqft, in line with the AED 2,025 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 29 April 2019. The current contract, signed on 29 April 2019, is AED 180,000 a year: a gross yield of 4.3% on the 2023 price.

Sales and rents for 2213 over time

Sales
Unit 2213, 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, December 2012: AED 5,297,500 (AED 2,554 per sqft)Sold, July 2023: AED 4,200,000 (AED 2,025 per sqft)

2213 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2213, 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, April 2019: AED 180,000 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 2213 sits

All 77 2-beds →

2213 last sold in July 2023 at AED 2,025 per sqft, in line with what two-beds in Palazzo Versace were fetching at the time (AED 2,025). 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. 2213's AED 180,000 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 2nd floor

All 166 units in Palazzo Versace
Value
12012-bedAED 6.35M · Aug 2013
12023-bedAED 8.55M · Dec 2014
12032-bedAED 8.72M · Feb 2009
12042-bedAED 4.95M · Nov 2012
12054-bedAED 7.91M · Dec 2016
12062-bedAED 3.25M · Jan 2026
12072-bedAED 3.64M · Feb 2023
1–7 of 23

2213, Palazzo Versace in numbers

  • Sold twice: first on 18 December 2012 for AED 5,297,500, last on 10 July 2023 for AED 4,200,000 (AED 2,025 per sqft).
  • Rented since April 2019 on one Ejari contract, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2023 price is 4.3%.
  • 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 10 July 2023.

Questions about 2213, Palazzo Versace

What did unit 2213 last sell for?

AED 4,200,000 on 10 July 2023: AED 2,025 per sqft for 2,074 sqft. The unit has 2 registered sales; the first was AED 5,297,500 in December 2012.

What is the rent for unit 2213?

AED 180,000 a year on the contract signed on 29 April 2019.

How big is unit 2213?

2,074 sqft (192.7 sqm): a two-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2015.

What is unit 2213 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 2213, Palazzo Versace

Starts from the last sale price (AED 4.2M, 10 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,200,000
Deposit, UAE resident (20%)
AED 840,000
Deposit, non-resident (40%)
AED 1,680,000
Monthly over 25 years at 3.7%
AED 17,184

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