2-bed · 2,017 sqftPalazzo Versace, Culture Village · 4th floor · completed 2015

2423, Palazzo Versace

Sold prices and rental history: no registered sale, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2423 · DLD and Ejari recordsUpdated 10 March 2022
Current rentAED 120K /yr10 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2423, Palazzo Versace

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10 Mar 2022RentedRenewal
AED 120,000/yr12 months · AED 59 per sqft
10 Mar 2021RentedNew contract
AED 100,000/yr12 months · AED 50 per sqft

Source: Dubai Land Department. Updated 10 March 2022.

Key facts

Type
2-bed apartment
Size
2,017 sqft
Floor
4th of 8
Parking
B2-E145, B2-E146
Developer
Emirates PV Dubai
Completed
2015
Last sold
No registered sale

About 2423, Palazzo Versace

2423 is a two-bedroom apartment of 2,017 sqft on the 4th 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 2021 on 2 Ejari contracts. The current contract, renewed on 10 March 2022, is AED 120,000 a year.

Sales and rents for 2423 over time

Sales
Unit 2423, 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 2423; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2423, 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 2021: AED 100,000 a yearRenewal, March 2022: AED 120,000 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 2423 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. 2423's AED 120,000 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 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

2423, Palazzo Versace in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since March 2021 on 2 Ejari contracts, from AED 100,000 to AED 120,000 a year.
  • 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 10 March 2022.

Questions about 2423, Palazzo Versace

What is the rent for unit 2423?

AED 120,000 a year on the contract renewed on 10 March 2022. The previous contract, from March 2021, was AED 100,000.

How big is unit 2423?

2,017 sqft (187.4 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.

What is unit 2423 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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