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4-bed · 5,016 sqftPalazzo Versace, Culture Village · 4th floor · completed 2015

2417, Palazzo Versace

Sold prices and rental history: sold 3 times, last in December 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2417 · DLD and Ejari recordsUpdated 20 December 2024
Last soldAED 13M20 December 2024
Current rentAED 650K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2417, Palazzo Versace

What is 2417 worth today?

Last sold for AED 13,000,000 in 2024

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20 Dec 2024SoldReady
AED 13,000,000AED 2,591 per sqft
1 Sep 2022RentedRenewal
AED 650,000/yr12 months · AED 130 per sqft
1 Sep 2021RentedRenewal
AED 410,000/yr12 months · AED 82 per sqft
1 Sep 2020RentedRenewal
AED 350,000/yr12 months · AED 70 per sqft
1 Sep 2019RentedNew contract
AED 385,000/yr12 months · AED 77 per sqft
1 Sep 2018RentedRenewal
AED 410,000/yr12 months · AED 82 per sqft
1 Sep 2017RentedNew contract
AED 410,000/yr12 months · AED 82 per sqft
27 Jan 2016SoldReady
AED 15,750,000AED 3,139 per sqft

Source: Dubai Land Department. Updated 20 December 2024.

Key facts

Type
4-bed apartment
Size
5,016 sqft
Floor
4th of 8
Parking
B2-E113, B2-E114, B2-E115
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 13M · December 2024
Building
Palazzo Versace

About 2417, Palazzo Versace

2417 is a four-bedroom apartment of 5,016 sqft on the 4th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 20 December 2024 for AED 13,000,000, or AED 2,591 per sqft.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 650,000 a year: a gross yield of 5.0% on the 2024 price.

Sales and rents for 2417 over time

Sales
Unit 2417, each saleTypical four-bed in Palazzo Versace
10M15M2009201420192024Typical sale price by year: 2009 AED 16,055,500; 2012 AED 11,697,500; 2013 AED 15,849,250; 2018 AED 11,000,000; 2019 AED 6,755,000; 2021 AED 10,000,000; 2023 AED 12,500,000; 2024 AED 13,500,000Sold by developer, April 2012: AED 11,000,000 (AED 2,192 per sqft)Sold, January 2016: AED 15,750,000 (AED 3,139 per sqft)Sold, December 2024: AED 13,000,000 (AED 2,591 per sqft)

2417 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 2417, each contractTypical four-bed in Palazzo Versace
400K600K2017202020232026Typical rent by year: 2018 AED 365,000; 2019 AED 360,001; 2020 AED 350,000; 2021 AED 405,000; 2022 AED 650,000; 2023 AED 625,000; 2024 AED 715,000; 2025 AED 707,500New contract, September 2017: AED 410,000 a yearRenewal, September 2018: AED 410,000 a yearNew contract, September 2019: AED 385,000 a yearRenewal, September 2020: AED 350,000 a yearRenewal, September 2021: AED 410,000 a yearRenewal, September 2022: AED 650,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Palazzo Versace, and where 2417 sits

All 17 4-beds →

Over the last 12 months four-beds sold for AED 12,800,000, around AED 2,429 per sqft, and rent for AED 301,622 to 625,000 a year. 2417's AED 650,000 is at the top of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
1 May 202612,800,000
22 Jul 20258,125,000
24 Dec 202413,500,000
24 Oct 202415,250,000
1 4-bed sale 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 4th floor

All 166 units in Palazzo Versace
Value
14012-bedAED 11.83M · Feb 2009
14023-bedAED 18.23M · Feb 2009
14032-bedAED 3.2M · Aug 2023
14054-bedAED 9M · Aug 2019
14062-bedAED 4.21M · Oct 2012
14072-bedAED 4.34M · Nov 2012
14083-bedAED 6.26M · Mar 2013
1–7 of 22

2417, Palazzo Versace in numbers

  • Sold 3 times: first on 24 April 2012 for AED 11,000,000, last on 20 December 2024 for AED 13,000,000 (AED 2,591 per sqft).
  • Rented since September 2017 on 6 Ejari contracts. The rent fell from AED 410,000 to AED 350,000 in 2020 and recovered to AED 650,000 by September 2022.
  • At AED 650,000 a year the gross yield on the 2024 price is 5.0%.
  • Four-beds in Palazzo Versace sold for AED 12,800,000–12,800,000 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 20 December 2024.

Questions about 2417, Palazzo Versace

What did unit 2417 last sell for?

AED 13,000,000 on 20 December 2024: AED 2,591 per sqft for 5,016 sqft. The unit has 3 registered sales; the first was AED 11,000,000 in April 2012.

What is the rent for unit 2417?

AED 650,000 a year on the contract renewed on 1 September 2022. The previous contract, from September 2021, was AED 410,000; the unit has been rented since September 2017.

How big is unit 2417?

5,016 sqft (466.0 sqm): a four-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.

What is unit 2417 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Palazzo Versace sold for AED 12,800,000 to 12,800,000 in the last 12 months, around AED 2,429 per sqft.

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Mortgage on 2417, Palazzo Versace

Starts from the last sale price (AED 13M, 20 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 13,000,000
Deposit, UAE resident (20%)
AED 2,600,000
Deposit, non-resident (40%)
AED 5,200,000
Monthly over 25 years at 3.7%
AED 53,187

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