2-bed · 1,763 sqftPalazzo Versace, Culture Village · 3rd floor · completed 2015

2316, Palazzo Versace

Sold prices and rental history: sold once, by the developer in June 2009, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2316 · DLD and Ejari recordsUpdated 14 June 2009
Last soldAED 10.02M14 June 2009
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2316, Palazzo Versace

What is 2316 worth today?

Last sold for AED 10,017,000 in 2009

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14 Jun 2009Sold by developerOff-plan · flagged as an outlier
AED 10,017,000AED 5,680 per sqft

Source: Dubai Land Department. Updated 14 June 2009.

Key facts

Type
2-bed apartment
Size
1,763 sqft
Floor
3rd of 8
Parking
B1-E121, B1-E122
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 10.02M · June 2009

About 2316, Palazzo Versace

2316 is a two-bedroom apartment of 1,763 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 14 June 2009 for AED 10,017,000, or AED 5,680 per sqft, 30% above the AED 4,358 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2316 over time

Sales
Unit 2316, 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 3,880,000

No registered sale of 2316; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2316, 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 231,000

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 2316 sits

All 77 2-beds →

2316 last sold in June 2009 at AED 5,680 per sqft, 30% above what two-beds in Palazzo Versace were fetching at the time (AED 4,358). 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.

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 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

2316, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 14 June 2009 for AED 10,017,000, or AED 5,680 per sqft.
  • 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 14 June 2009.

Questions about 2316, Palazzo Versace

What did unit 2316 last sell for?

AED 10,017,000 on 14 June 2009, sold by the developer: AED 5,680 per sqft for 1,763 sqft. It is the only registered sale of the unit.

How big is unit 2316?

1,763 sqft (163.8 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2015.

What is unit 2316 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 2316, Palazzo Versace

Starts from the last sale price (AED 10.02M, 14 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 10,017,000
Deposit, UAE resident (20%)
AED 2,003,400
Deposit, non-resident (40%)
AED 4,006,800
Monthly over 25 years at 3.7%
AED 40,983

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