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3-bed · 2,238 sqftPalazzo Versace, Culture Village · 6th floor · completed 2015

2614, Palazzo Versace

Sold prices and rental history: sold twice, last in February 2018, and rented once, from September 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2614 · DLD and Ejari recordsUpdated 21 February 2018
Last soldAED 6M21 February 2018
Current rentAED 320K /yr28 September 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2614, Palazzo Versace

What is 2614 worth today?

Last sold for AED 6,000,000 in 2018

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21 Feb 2018SoldReady
AED 6,000,000AED 2,681 per sqft
28 Sep 2016RentedNew contract
AED 320,000/yr12 months · AED 143 per sqft
26 Feb 2009Sold by developerOff-plan
AED 10,612,941AED 4,742 per sqft

Source: Dubai Land Department. Updated 21 February 2018.

Key facts

Type
3-bed apartment
Size
2,238 sqft
Floor
6th of 8
Parking
B1M-E003, B1M-E004
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 6M · February 2018
Building
Palazzo Versace

About 2614, Palazzo Versace

2614 is a three-bedroom apartment of 2,238 sqft on the 6th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 21 February 2018 for AED 6,000,000, or AED 2,681 per sqft, in line with the AED 2,681 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 September 2016. The current contract, signed on 28 September 2016, is AED 320,000 a year: a gross yield of 5.3% on the 2018 price.

Sales and rents for 2614 over time

Sales
Unit 2614, each saleTypical three-bed in Palazzo Versace
5M10M2009201420192024Typical sale price by year: 2009 AED 12,841,100; 2012 AED 6,879,300; 2013 AED 8,041,188; 2014 AED 9,897,600; 2015 AED 12,400,000; 2016 AED 9,920,550; 2018 AED 4,706,000; 2019 AED 3,543,958; 2021 AED 5,000,000; 2022 AED 4,675,567; 2024 AED 5,197,500; 2025 AED 5,500,000; 2026 AED 7,400,000Sold by developer, February 2009: AED 10,612,941 (AED 4,742 per sqft)Sold, February 2018: AED 6,000,000 (AED 2,681 per sqft)

2614 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2614, each contractTypical three-bed in Palazzo Versace
200K300K400K2016201920222025Typical rent by year: 2016 AED 315,000; 2017 AED 335,000; 2018 AED 310,000; 2019 AED 257,500; 2020 AED 235,000; 2021 AED 238,457; 2022 AED 350,000; 2023 AED 397,500; 2024 AED 435,000; 2025 AED 405,000; 2026 AED 422,500New contract, September 2016: AED 320,000 a year

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

3-beds in Palazzo Versace, and where 2614 sits

All 65 3-beds →

2614 last sold in February 2018 at AED 2,681 per sqft, in line with what three-beds in Palazzo Versace were fetching at the time (AED 2,681). Over the last 12 months three-beds sold for AED 3,574,440 to 10,400,000, around AED 2,051 per sqft, and rent for AED 300,000 to 800,000 a year. 2614's AED 320,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Oct 202610,400,000
6 Jul 20264,250,000
12 Feb 20265,800,000
11 Feb 20269,000,000
5 3-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 6th floor

All 166 units in Palazzo Versace
Value
16012-bedAED 4.29M · Jul 2024
16023-bedAED 4.6M · Mar 2022
16032-bedAED 9.45M · Jan 2012
16042-bedAED 3.2M · Jan 2019
16054-bedAED 139K · Jan 2022
16062-bedAED 5.5M · Apr 2011
16072-bedAED 4.33M · Feb 2009
1–7 of 22

2614, Palazzo Versace in numbers

  • Sold twice: first on 26 February 2009 for AED 10,612,941, last on 21 February 2018 for AED 6,000,000 (AED 2,681 per sqft).
  • Rented since September 2016 on one Ejari contract, at AED 320,000 a year.
  • At AED 320,000 a year the gross yield on the 2018 price is 5.3%.
  • Three-beds in Palazzo Versace sold for AED 3,574,440–10,400,000 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 21 February 2018.

Questions about 2614, Palazzo Versace

What did unit 2614 last sell for?

AED 6,000,000 on 21 February 2018: AED 2,681 per sqft for 2,238 sqft. The unit has 2 registered sales; the first was AED 10,612,941 in February 2009.

What is the rent for unit 2614?

AED 320,000 a year on the contract signed on 28 September 2016.

How big is unit 2614?

2,238 sqft (207.9 sqm): a three-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.

What is unit 2614 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palazzo Versace sold for AED 3,574,440 to 10,400,000 in the last 12 months, around AED 2,051 per sqft.

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Mortgage on 2614, Palazzo Versace

Starts from the last sale price (AED 6M, 21 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 6,000,000
Deposit, UAE resident (20%)
AED 1,200,000
Deposit, non-resident (40%)
AED 2,400,000
Monthly over 25 years at 3.7%
AED 24,548

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