3-bed · 2,975 sqftPalazzo Versace, Culture Village · 6th floor · completed 2015

2622, Palazzo Versace

Sold prices and rental history: sold once, by the developer in December 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2622 · DLD and Ejari recordsUpdated 7 December 2022
Last soldAED 4.75M7 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2622, Palazzo Versace

What is 2622 worth today?

Last sold for AED 4,746,171 in 2022

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7 Dec 2022Sold by developerReady
AED 4,746,171AED 1,595 per sqft

Source: Dubai Land Department. Updated 7 December 2022.

Key facts

Type
3-bed apartment
Size
2,975 sqft
Floor
6th of 8
Parking
B1M-E044, B1M-E045
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 4.75M · December 2022

About 2622, Palazzo Versace

2622 is a three-bedroom apartment of 2,975 sqft on the 6th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 7 December 2022 for AED 4,746,171, or AED 1,595 per sqft, 4% below the AED 1,659 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2622 over time

Sales
Unit 2622, 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, December 2022: AED 4,746,171 (AED 1,595 per sqft)

2622 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2622, 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 422,500

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 2622 sits

All 65 3-beds →

2622 last sold in December 2022 at AED 1,595 per sqft, 4% below what three-beds in Palazzo Versace were fetching at the time (AED 1,659). 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.

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

2622, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 7 December 2022 for AED 4,746,171, or AED 1,595 per sqft.
  • 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 7 December 2022.

Questions about 2622, Palazzo Versace

What did unit 2622 last sell for?

AED 4,746,171 on 7 December 2022, sold by the developer: AED 1,595 per sqft for 2,975 sqft. It is the only registered sale of the unit.

How big is unit 2622?

2,975 sqft (276.4 sqm): a three-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.

What is unit 2622 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 2622, Palazzo Versace

Starts from the last sale price (AED 4.75M, 7 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,746,171
Deposit, UAE resident (20%)
AED 949,234
Deposit, non-resident (40%)
AED 1,898,468
Monthly over 25 years at 3.7%
AED 19,418

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