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2-bed · 1,685 sqftPalazzo Versace, Culture Village · 5th floor · completed 2015

2518, Palazzo Versace

Sold prices and rental history: sold once, by the developer in July 2013, and rented once, from August 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2518 · DLD and Ejari recordsUpdated 1 August 2019
Last soldAED 6.44M15 July 2013
Current rentAED 85K /yr1 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2518, Palazzo Versace

What is 2518 worth today?

Last sold for AED 6,436,610 in 2013

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1 Aug 2019RentedNew contract
AED 85,000/yr24 months · AED 50 per sqft
15 Jul 2013Sold by developerOff-plan
AED 6,436,610AED 3,819 per sqft

Source: Dubai Land Department. Updated 1 August 2019.

Key facts

Type
2-bed apartment
Size
1,685 sqft
Floor
5th of 8
Parking
B2-E158, B2-E159
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 6.44M · July 2013
Building
Palazzo Versace

About 2518, Palazzo Versace

2518 is a two-bedroom apartment of 1,685 sqft on the 5th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 15 July 2013 for AED 6,436,610, or AED 3,819 per sqft, 62% above the AED 2,355 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2019. The current contract, signed on 1 August 2019, is AED 85,000 a year: a gross yield of 1.3% on the 2013 price.

Sales and rents for 2518 over time

Sales
Unit 2518, 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, July 2013: AED 6,436,610 (AED 3,819 per sqft)

2518 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2518, 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, August 2019: AED 85,000 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 2518 sits

All 77 2-beds →

2518 last sold in July 2013 at AED 3,819 per sqft, 62% above what two-beds in Palazzo Versace were fetching at the time (AED 2,355). 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. 2518's AED 85,000 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 5th floor

All 166 units in Palazzo Versace
Value
15012-bedAED 4M · Aug 2026
15023-bedAED 5.8M · Feb 2026
15032-bedAED 3.55M · Jun 2022
15042-bedAED 3.3M · Oct 2025
15054-bedAED 12.79M · Sep 2012
15062-bedAED 3.58M · Feb 2024
15072-bedAED 5.08M · May 2014
1–7 of 23

2518, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 15 July 2013 for AED 6,436,610, or AED 3,819 per sqft.
  • Rented since August 2019 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2013 price is 1.3%.
  • 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 August 2019.

Questions about 2518, Palazzo Versace

What did unit 2518 last sell for?

AED 6,436,610 on 15 July 2013, sold by the developer: AED 3,819 per sqft for 1,685 sqft. It is the only registered sale of the unit.

What is the rent for unit 2518?

AED 85,000 a year on the contract signed on 1 August 2019.

How big is unit 2518?

1,685 sqft (156.5 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.

What is unit 2518 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 2518, Palazzo Versace

Starts from the last sale price (AED 6.44M, 15 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 6,436,610
Deposit, UAE resident (20%)
AED 1,287,322
Deposit, non-resident (40%)
AED 2,574,644
Monthly over 25 years at 3.7%
AED 26,334

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