2-bed · 1,722 sqftPalazzo Versace, Culture Village · 2nd floor · completed 2015

2218, Palazzo Versace

Sold prices and rental history: sold once, by the developer in November 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2218 · DLD and Ejari recordsUpdated 10 November 2025
Last soldAED 5.55M14 November 2013
Current rentAED 240K /yr10 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2218, Palazzo Versace

What is 2218 worth today?

Last sold for AED 5,551,500 in 2013

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10 Nov 2025RentedNew contract
AED 240,000/yr12 months · AED 139 per sqft
29 Feb 2024RentedRenewal
AED 265,000/yr12 months · AED 154 per sqft
1 Mar 2023RentedNew contract
AED 265,764/yr12 months · AED 154 per sqft
16 Aug 2021RentedNew contract
AED 195,000/yr12 months · AED 113 per sqft
1 Dec 2019RentedRenewal
AED 170,000/yr12 months · AED 99 per sqft
1 Dec 2018RentedNew contract
AED 170,000/yr12 months · AED 99 per sqft
14 Nov 2013Sold by developerOff-plan
AED 5,551,500AED 3,223 per sqft

Source: Dubai Land Department. Updated 10 November 2025.

Key facts

Type
2-bed apartment
Size
1,722 sqft
Floor
2nd of 8
Parking
B1-E067, B1-E094
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 5.55M · November 2013

About 2218, Palazzo Versace

2218 is a two-bedroom apartment of 1,722 sqft on the 2nd floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 14 November 2013 for AED 5,551,500, or AED 3,223 per sqft, 20% above the AED 2,687 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 10 November 2025, is AED 240,000 a year: a gross yield of 4.3% on the 2013 price.

Sales and rents for 2218 over time

Sales
Unit 2218, 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, November 2013: AED 5,551,500 (AED 3,223 per sqft)

2218 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2218, each contractTypical two-bed in Palazzo Versace
200K2016201920222025Typical 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 2018: AED 170,000 a yearRenewal, December 2019: AED 170,000 a yearNew contract, August 2021: AED 195,000 a yearNew contract, March 2023: AED 265,764 a yearRenewal, February 2024: AED 265,000 a yearNew contract, November 2025: AED 240,000 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 2218 sits

All 77 2-beds →

2218 last sold in November 2013 at AED 3,223 per sqft, 20% above what two-beds in Palazzo Versace were fetching at the time (AED 2,687). 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. 2218's AED 240,000 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

2218, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 14 November 2013 for AED 5,551,500, or AED 3,223 per sqft.
  • Rented since December 2018 on 6 Ejari contracts, from AED 170,000 to AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2013 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 November 2025.

Questions about 2218, Palazzo Versace

What did unit 2218 last sell for?

AED 5,551,500 on 14 November 2013, sold by the developer: AED 3,223 per sqft for 1,722 sqft. It is the only registered sale of the unit.

What is the rent for unit 2218?

AED 240,000 a year on the contract signed on 10 November 2025. The previous contract, from February 2024, was AED 265,000; the unit has been rented since December 2018.

How big is unit 2218?

1,722 sqft (160.0 sqm): a two-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2015.

What is unit 2218 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 2218, Palazzo Versace

Starts from the last sale price (AED 5.55M, 14 November 2013). Switch to today's estimate once you have unlocked it.
Price
AED 5,551,500
Deposit, UAE resident (20%)
AED 1,110,300
Deposit, non-resident (40%)
AED 2,220,600
Monthly over 25 years at 3.7%
AED 22,713

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