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

2324, Palazzo Versace

Sold prices and rental history: no registered sale, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2324 · DLD and Ejari recordsUpdated 23 August 2021
Current rentAED 138K /yr23 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2324, Palazzo Versace

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23 Aug 2021RentedNew contract
AED 138,000/yr12 months · AED 68 per sqft
23 Aug 2020RentedNew contract
AED 120,000/yr12 months · AED 59 per sqft
28 Nov 2018RentedNew contract
AED 180,000/yr12 months · AED 89 per sqft

Source: Dubai Land Department. Updated 23 August 2021.

Key facts

Type
2-bed apartment
Size
2,020 sqft
Floor
3rd of 8
Parking
B2-E181, B2-E182
Developer
Emirates PV Dubai
Completed
2015
Last sold
No registered sale

About 2324, Palazzo Versace

2324 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. No sale of the unit is registered with the Dubai Land Department.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 23 August 2021, is AED 138,000 a year.

Sales and rents for 2324 over time

Sales
Unit 2324, 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 2324; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2324, 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, November 2018: AED 180,000 a yearNew contract, August 2020: AED 120,000 a yearNew contract, August 2021: AED 138,000 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 2324 sits

All 77 2-beds →

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. 2324's AED 138,000 is at the bottom 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

2324, Palazzo Versace in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since November 2018 on 3 Ejari contracts. The rent fell from AED 180,000 to AED 120,000 in 2020 and recovered to AED 138,000 by August 2021.
  • 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 23 August 2021.

Questions about 2324, Palazzo Versace

What is the rent for unit 2324?

AED 138,000 a year on the contract signed on 23 August 2021. The previous contract, from August 2020, was AED 120,000; the unit has been rented since November 2018.

How big is unit 2324?

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 2324 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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