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2-bed · 1,071 sqftPalazzo Versace, Culture Village · 6th floor · completed 2015

2623, Palazzo Versace

Sold prices and rental history: sold twice, last in September 2019, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2623 · DLD and Ejari recordsUpdated 22 August 2026
Last soldAED 1.06M29 September 2019
Current rentAED 210K /yr22 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2623, Palazzo Versace

What is 2623 worth today?

Last sold for AED 1,059,976 in 2019

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22 Aug 2026RentedRenewal
AED 210,000/yr12 months · AED 104 per sqft
22 Aug 2025RentedRenewal
AED 235,000/yr12 months · AED 116 per sqft
22 Aug 2024RentedNew contract
AED 220,000/yr12 months · AED 109 per sqft
22 Aug 2023RentedNew contract
AED 200,000/yr12 months · AED 99 per sqft
1 Jul 2022RentedRenewal
AED 147,000/yr12 months · AED 73 per sqft
1 Jul 2021RentedNew contract
AED 140,000/yr12 months · AED 69 per sqft
29 Sep 2019SoldReady
AED 1,059,976AED 989 per sqft
1 Jul 2019RentedNew contract
AED 140,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 22 August 2026.

Key facts

Type
2-bed apartment
Size
1,071 sqft
Floor
6th of 8
Parking
B1M-E023, B1M-E024
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 1.06M · September 2019
Building
Palazzo Versace

About 2623, Palazzo Versace

2623 is a two-bedroom apartment of 1,071 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 29 September 2019 for AED 1,059,976, or AED 989 per sqft, in line with the AED 993 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 22 August 2026, is AED 210,000 a year: a gross yield of 19.8% on the 2019 price.

Sales and rents for 2623 over time

Sales
Unit 2623, each saleTypical two-bed in Palazzo Versace
05M2009201420192024Typical 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, April 2011: AED 4,106,000 (AED 2,031 per sqft)Sold, September 2019: AED 1,059,976 (AED 989 per sqft)

2623 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2623, each contractTypical two-bed in Palazzo Versace
150K200K250K2016201920222025Typical 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, May 2016: AED 193,846 a yearRenewal, June 2017: AED 210,000 a yearRenewal, July 2018: AED 171,194 a yearNew contract, July 2019: AED 140,000 a yearNew contract, July 2021: AED 140,000 a yearRenewal, July 2022: AED 147,000 a yearNew contract, August 2023: AED 200,000 a yearNew contract, August 2024: AED 220,000 a yearRenewal, August 2025: AED 235,000 a yearRenewal, August 2026: AED 210,000 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 2623 sits

All 77 2-beds →

2623 last sold in September 2019 at AED 989 per sqft, in line with what two-beds in Palazzo Versace were fetching at the time (AED 993). 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. 2623's AED 210,000 is in the lower half 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 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

2623, Palazzo Versace in numbers

  • Sold twice: first on 17 April 2011 for AED 4,106,000, last on 29 September 2019 for AED 1,059,976 (AED 989 per sqft).
  • Rented since May 2016 on 10 Ejari contracts. The rent fell from AED 193,846 to AED 140,000 in 2021 and recovered to AED 210,000 by August 2026.
  • At AED 210,000 a year the gross yield on the 2019 price is 19.8%.
  • 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 22 August 2026.

Questions about 2623, Palazzo Versace

What did unit 2623 last sell for?

AED 1,059,976 on 29 September 2019: AED 989 per sqft for 1,071 sqft. The unit has 2 registered sales; the first was AED 4,106,000 in April 2011.

What is the rent for unit 2623?

AED 210,000 a year on the contract renewed on 22 August 2026. The previous contract, from August 2025, was AED 235,000; the unit has been rented since May 2016.

How big is unit 2623?

1,071 sqft (99.5 sqm): a two-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.

What is unit 2623 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 2623, Palazzo Versace

Starts from the last sale price (AED 1.06M, 29 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,059,976
Deposit, UAE resident (20%)
AED 211,995
Deposit, non-resident (40%)
AED 423,990
Monthly over 25 years at 3.7%
AED 4,337

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