2-bed · 1,685 sqftPalazzo Versace, Culture Village · 3rd floor · completed 2015

2318, Palazzo Versace

Sold prices and rental history: sold once, by the developer in February 2009, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2318 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 8.1M25 February 2009
Current rentAED 205K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2318, Palazzo Versace

What is 2318 worth today?

Last sold for AED 8,103,900 in 2009

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Oct 2026RentedRenewal
AED 204,700/yr12 months · AED 122 per sqft
1 Oct 2025RentedRenewal
AED 204,700/yr12 months · AED 122 per sqft
1 Oct 2024RentedNew contract
AED 178,000/yr12 months · AED 105 per sqft
1 Oct 2022RentedRenewal
AED 155,000/yr12 months · AED 92 per sqft
1 Oct 2021RentedNew contract
AED 138,000/yr12 months · AED 82 per sqft
1 Oct 2020RentedNew contract
AED 120,000/yr12 months · AED 71 per sqft
29 Mar 2019RentedNew contract
AED 135,000/yr12 months · AED 80 per sqft
25 Feb 2009Sold by developerOff-plan
AED 8,103,900AED 4,809 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
2-bed apartment
Size
1,685 sqft
Floor
3rd of 8
Parking
B1-E123, B1-E124
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 8.1M · February 2009

About 2318, Palazzo Versace

2318 is a two-bedroom apartment of 1,685 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 25 February 2009 for AED 8,103,900, or AED 4,809 per sqft, 8% above the AED 4,469 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 1 October 2026, is AED 204,700 a year: a gross yield of 2.5% on the 2009 price.

Sales and rents for 2318 over time

Sales
Unit 2318, 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, February 2009: AED 8,103,900 (AED 4,809 per sqft)

2318 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2318, each contractTypical two-bed in Palazzo Versace
100K200K2016201920222025Typical 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, March 2019: AED 135,000 a yearNew contract, October 2020: AED 120,000 a yearNew contract, October 2021: AED 138,000 a yearRenewal, October 2022: AED 155,000 a yearNew contract, October 2024: AED 178,000 a yearRenewal, October 2025: AED 204,700 a yearRenewal, October 2026: AED 204,700 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 2318 sits

All 77 2-beds →

2318 last sold in February 2009 at AED 4,809 per sqft, 8% above what two-beds in Palazzo Versace were fetching at the time (AED 4,469). 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. 2318's AED 204,700 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 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

2318, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 25 February 2009 for AED 8,103,900, or AED 4,809 per sqft.
  • Rented since March 2019 on 7 Ejari contracts. The rent fell from AED 135,000 to AED 120,000 in 2020 and recovered to AED 204,700 by October 2026.
  • At AED 204,700 a year the gross yield on the 2009 price is 2.5%.
  • 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 1 October 2026.

Questions about 2318, Palazzo Versace

What did unit 2318 last sell for?

AED 8,103,900 on 25 February 2009, sold by the developer: AED 4,809 per sqft for 1,685 sqft. It is the only registered sale of the unit.

What is the rent for unit 2318?

AED 204,700 a year on the contract renewed on 1 October 2026. The previous contract, from October 2025, was AED 204,700; the unit has been rented since March 2019.

How big is unit 2318?

1,685 sqft (156.5 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2015.

What is unit 2318 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.

Selling 2318? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 2318, Palazzo Versace

Starts from the last sale price (AED 8.1M, 25 February 2009). Switch to today's estimate once you have unlocked it.
Price
AED 8,103,900
Deposit, UAE resident (20%)
AED 1,620,780
Deposit, non-resident (40%)
AED 3,241,560
Monthly over 25 years at 3.7%
AED 33,156

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