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2-bed · 2,020 sqftPalazzo Versace, Culture Village · 3rd floor · completed 2015

2323, Palazzo Versace

Sold prices and rental history: sold once, by the developer in October 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2323 · DLD and Ejari recordsUpdated 6 October 2023
Last soldAED 2.99M6 October 2023
Current rentAED 180K /yr25 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2323, Palazzo Versace

What is 2323 worth today?

Last sold for AED 2,994,599 in 2023

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6 Oct 2023Sold by developerReady
AED 2,994,599AED 1,482 per sqft
25 May 2021RentedNew contract
AED 180,000/yr12 months · AED 89 per sqft
25 Nov 2019RentedRenewal
AED 180,000/yr12 months · AED 89 per sqft
25 Nov 2018RentedNew contract
AED 180,000/yr12 months · AED 89 per sqft

Source: Dubai Land Department. Updated 6 October 2023.

Key facts

Type
2-bed apartment
Size
2,020 sqft
Floor
3rd of 8
Parking
B1-E109, B1-E110
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 2.99M · October 2023
Building
Palazzo Versace

About 2323, Palazzo Versace

2323 is a two-bedroom apartment of 2,020 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 6 October 2023 for AED 2,994,599, or AED 1,482 per sqft, 18% below the AED 1,804 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 25 May 2021, is AED 180,000 a year: a gross yield of 6.0% on the 2023 price.

Sales and rents for 2323 over time

Sales
Unit 2323, 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, October 2023: AED 2,994,599 (AED 1,482 per sqft)

2323 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2323, 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 231,000New contract, November 2018: AED 180,000 a yearRenewal, November 2019: AED 180,000 a yearNew contract, May 2021: AED 180,000 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 2323 sits

All 77 2-beds →

2323 last sold in October 2023 at AED 1,482 per sqft, 18% below what two-beds in Palazzo Versace were fetching at the time (AED 1,804). 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. 2323's AED 180,000 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 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

2323, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 6 October 2023 for AED 2,994,599, or AED 1,482 per sqft.
  • Rented since November 2018 on 3 Ejari contracts, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2023 price is 6.0%.
  • 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 6 October 2023.

Questions about 2323, Palazzo Versace

What did unit 2323 last sell for?

AED 2,994,599 on 6 October 2023, sold by the developer: AED 1,482 per sqft for 2,020 sqft. It is the only registered sale of the unit.

What is the rent for unit 2323?

AED 180,000 a year on the contract signed on 25 May 2021. The previous contract, from November 2019, was AED 180,000; the unit has been rented since November 2018.

How big is unit 2323?

2,020 sqft (187.7 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2015.

What is unit 2323 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 2323, Palazzo Versace

Starts from the last sale price (AED 2.99M, 6 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,994,599
Deposit, UAE resident (20%)
AED 598,920
Deposit, non-resident (40%)
AED 1,197,840
Monthly over 25 years at 3.7%
AED 12,252

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