1003, Palazzo Versace
Sold prices and rental history: sold once, by the developer in October 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1003, Palazzo Versace
What is 1003 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 5,069 sqft
- Floor
- Ground of 8
- Parking
- B1-W064, B1-W065
- Developer
- Emirates PV Dubai
- Completed
- 2015
- Last sold
- AED 3.5M · October 2019
- Building
- Palazzo Versace
About 1003, Palazzo Versace
1003 is a three-bedroom apartment of 5,069 sqft on the ground floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 10 October 2019 for AED 3,500,000, or AED 690 per sqft, 47% below the AED 1,305 three-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 15 September 2025, is AED 1,258,741 a year: a gross yield of 36.0% on the 2019 price.
Sales and rents for 1003 over time
1003 has sold once; the dashed line is the three-bed median of each year in the building.
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 1003 sits
All 64 3-beds →1003 last sold in October 2019 at AED 690 per sqft, 47% below what three-beds in Palazzo Versace were fetching at the time (AED 1,305). Over the last 12 months three-beds sold for AED 3,574,440 to 9,000,000, around AED 2,369 per sqft, and rent for AED 380,000 to 800,000 a year. 1003's AED 1,258,741 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Feb 202612 February 2026 | 2,238 sqft | 5,800,000 | 2,591 | ||
| 11 Feb 202611 February 2026 | 3,799 sqft | 9,000,000 | 2,369 | ||
| 22 Dec 202522 December 2025 | 2,239 sqft | 3,574,440 | 1,596 | ||
| 9 May 20259 May 2025 | 3,213 sqft | 6,850,000 | 2,131 |
Palazzo Versace
Building166 apartments, 1-bed to 6-bed over 8 floors in Culture Village, completed in 2015 by Emirates PV Dubai. 6 sold in the last 12 months.
- Typical price per sqft
- AED 2,044
- Typical sale
- AED 3.73M
- Typical rent
- AED 250K /yr
- Typical yield
- 6.1%
Other units on the ground floor
All 166 units in Palazzo Versace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 4-bed | 6,444 sqft | AED 15.5MAED 15,500,000 · Jun 2023June 2023 | 800,000 /yr | |
| 1002 | 3-bed | 5,084 sqft | AED 3.5MAED 3,500,000 · Aug 2019August 2019 | 800,000 /yr | |
| 1004 | 6-bed | 14,326 sqft | AED 25MAED 25,000,000 · Jul 2024July 2024 | 1,650,000 /yr | |
| 1005 | 3-bed | 4,869 sqft | AED 15.13MAED 15,125,000 · Feb 2009February 2009 | ||
| 1006 | 3-bed | 4,806 sqft | AED 13.34MAED 13,344,000 · Jun 2014June 2014 | 600,000 /yr | |
| 1007 | 4-bed | 6,552 sqft | AED 15.25MAED 15,250,000 · Oct 2024October 2024 | 850,000 /yr | |
| 2008 | 4-bed | 6,444 sqft | AED 14MAED 14,000,000 · Dec 2023December 2023 | 40,000 /yr | |
| 2009 | 3-bed | 5,084 sqft | AED 12MAED 12,000,000 · Aug 2012August 2012 | 650,000 /yr | |
| 2010 | 3-bed | 5,075 sqft | AED 12MAED 12,000,000 · Aug 2012August 2012 | 750,000 /yr | |
| 2011 | 6-bed | 15,246 sqft | No registered sale | 263,858 /yr | |
| 2012 | 3-bed | 4,879 sqft | AED 6.16MAED 6,157,543 · Mar 2022March 2022 | 25,000 /yr | |
| 2013 | 3-bed | 4,806 sqft | AED 15.2MAED 15,200,000 · Feb 2009February 2009 |
1003, Palazzo Versace in numbers
- Sold once: by Emirates PV Dubai on 10 October 2019 for AED 3,500,000, or AED 690 per sqft.
- Rented since June 2020 on 4 Ejari contracts, from AED 340,000 to AED 1,258,741 a year.
- At AED 1,258,741 a year the gross yield on the 2019 price is 36.0%.
- Three-beds in Palazzo Versace sold for AED 3,574,440–9,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,044 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2025.
Questions about 1003, Palazzo Versace
What did unit 1003 last sell for?
AED 3,500,000 on 10 October 2019, sold by the developer: AED 690 per sqft for 5,069 sqft. It is the only registered sale of the unit.
What is the rent for unit 1003?
AED 1,258,741 a year on the contract signed on 15 September 2025. The previous contract, from September 2024, was AED 750,000; the unit has been rented since June 2020.
How big is unit 1003?
5,069 sqft (470.9 sqm): a three-bedroom apartment on the ground floor of a 8-storey tower completed in 2015.
What is unit 1003 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 9,000,000 in the last 12 months, around AED 2,369 per sqft.
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Mortgage on 1003, Palazzo Versace
Starts from the last sale price (AED 3.5M, 10 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 3,500,000
- Deposit, UAE resident (20%)
- AED 700,000
- Deposit, non-resident (40%)
- AED 1,400,000
- Monthly over 25 years at 3.7%
- AED 14,320
Plus AED 152,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →