3-bed · 6,822 sqftPalazzo Versace, Culture Village · 2nd floor · completed 2015

2224, Palazzo Versace

Sold prices and rental history: no registered sale, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2224 · DLD and Ejari recordsUpdated 29 February 2020
Current rentAED 350K /yr29 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2224, Palazzo Versace

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29 Feb 2020RentedRenewal
AED 350,000/yr12 months · AED 51 per sqft
28 Feb 2019RentedNew contract
AED 348,997/yr12 months · AED 51 per sqft

Source: Dubai Land Department. Updated 29 February 2020.

Key facts

Type
3-bed apartment
Size
6,822 sqft
Floor
2nd of 8
Parking
B1-E086, B1-E087
Developer
Emirates PV Dubai
Completed
2015
Last sold
No registered sale

About 2224, Palazzo Versace

2224 is a three-bedroom apartment of 6,822 sqft on the 2nd floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. No sale of the unit is registered with the Dubai Land Department.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 29 February 2020, is AED 350,000 a year.

Sales and rents for 2224 over time

Sales
Unit 2224, 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 7,400,000

No registered sale of 2224; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2224, each contractTypical three-bed in Palazzo Versace
200K300K400K2016201920222025Typical 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, February 2019: AED 348,997 a yearRenewal, February 2020: AED 350,000 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 2224 sits

All 65 3-beds →

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. 2224's AED 350,000 is in the lower 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 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

2224, Palazzo Versace in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since February 2019 on 2 Ejari contracts, from AED 348,997 to AED 350,000 a year.
  • 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 29 February 2020.

Questions about 2224, Palazzo Versace

What is the rent for unit 2224?

AED 350,000 a year on the contract renewed on 29 February 2020. The previous contract, from February 2019, was AED 348,997.

How big is unit 2224?

6,822 sqft (633.8 sqm): a three-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2015.

What is unit 2224 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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