3-bed · 2,238 sqftPalazzo Versace, Culture Village · 3rd floor · completed 2015

2314, Palazzo Versace

Sold prices and rental history: sold once, by the developer in September 2014, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2314 · DLD and Ejari recordsUpdated 14 November 2024
Last soldAED 8.7M29 September 2014
Current rentAED 378K /yr14 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2314, Palazzo Versace

What is 2314 worth today?

Last sold for AED 8,700,000 in 2014

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14 Nov 2024RentedRenewal
AED 378,000/yr12 months · AED 169 per sqft
14 Nov 2023RentedRenewal
AED 360,000/yr12 months · AED 161 per sqft
14 Nov 2022RentedNew contract
AED 360,000/yr12 months · AED 161 per sqft
25 Jan 2021RentedNew contract
AED 250,000/yr12 months · AED 112 per sqft
1 Jan 2020RentedRenewal
AED 240,000/yr12 months · AED 107 per sqft
1 Jan 2019RentedNew contract
AED 240,000/yr12 months · AED 107 per sqft
29 Sep 2014Sold by developerOff-plan
AED 8,700,000AED 3,887 per sqft

Source: Dubai Land Department. Updated 14 November 2024.

Key facts

Type
3-bed apartment
Size
2,238 sqft
Floor
3rd of 8
Parking
B1-E101, B1-E102
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 8.7M · September 2014

About 2314, Palazzo Versace

2314 is a three-bedroom apartment of 2,238 sqft on the 3rd floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 29 September 2014 for AED 8,700,000, or AED 3,887 per sqft, 20% above the AED 3,251 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 14 November 2024, is AED 378,000 a year: a gross yield of 4.3% on the 2014 price.

Sales and rents for 2314 over time

Sales
Unit 2314, 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, September 2014: AED 8,700,000 (AED 3,887 per sqft)

2314 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2314, 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, January 2019: AED 240,000 a yearRenewal, January 2020: AED 240,000 a yearNew contract, January 2021: AED 250,000 a yearNew contract, November 2022: AED 360,000 a yearRenewal, November 2023: AED 360,000 a yearRenewal, November 2024: AED 378,000 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 2314 sits

All 65 3-beds →

2314 last sold in September 2014 at AED 3,887 per sqft, 20% above what three-beds in Palazzo Versace were fetching at the time (AED 3,251). 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. 2314's AED 378,000 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 3rd floor

All 166 units in Palazzo Versace
Value
13012-bedAED 6.7M · Feb 2014
13023-bedAED 5.26M · Sep 2012
13032-bedAED 4.8M · Mar 2016
13042-bedAED 3M · Jan 2021
13054-bedAED 8.13M · Jul 2025
13062-bedAED 4.29M · Feb 2013
13072-bedAED 4.73M · Apr 2013
1–7 of 23

2314, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 29 September 2014 for AED 8,700,000, or AED 3,887 per sqft.
  • Rented since January 2019 on 6 Ejari contracts, from AED 240,000 to AED 378,000 a year.
  • At AED 378,000 a year the gross yield on the 2014 price is 4.3%.
  • 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 14 November 2024.

Questions about 2314, Palazzo Versace

What did unit 2314 last sell for?

AED 8,700,000 on 29 September 2014, sold by the developer: AED 3,887 per sqft for 2,238 sqft. It is the only registered sale of the unit.

What is the rent for unit 2314?

AED 378,000 a year on the contract renewed on 14 November 2024. The previous contract, from November 2023, was AED 360,000; the unit has been rented since January 2019.

How big is unit 2314?

2,238 sqft (207.9 sqm): a three-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2015.

What is unit 2314 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 2314, Palazzo Versace

Starts from the last sale price (AED 8.7M, 29 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 8,700,000
Deposit, UAE resident (20%)
AED 1,740,000
Deposit, non-resident (40%)
AED 3,480,000
Monthly over 25 years at 3.7%
AED 35,594

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