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2-bed · 1,686 sqftPalazzo Versace, Culture Village · 5th floor · completed 2015

1507, Palazzo Versace

Sold prices and rental history: sold twice, last in May 2014, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1507 · DLD and Ejari recordsUpdated 5 March 2024
Last soldAED 5.08M18 May 2014
Current rentAED 260K /yr5 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1507, Palazzo Versace

What is 1507 worth today?

Last sold for AED 5,077,600 in 2014

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5 Mar 2024RentedNew contract
AED 260,000/yr12 months · AED 154 per sqft
1 Oct 2017RentedNew contract
AED 220,000/yr12 months · AED 130 per sqft
18 May 2014SoldOff-plan
AED 5,077,600AED 3,012 per sqft
27 Jun 2010Sold by developerOff-plan · flagged as an outlier
AED 8,211,212AED 4,871 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 March 2024.

Key facts

Type
2-bed apartment
Size
1,686 sqft
Floor
5th of 8
Parking
B1M-W039, B1M-W040
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 5.08M · May 2014
Building
Palazzo Versace

About 1507, Palazzo Versace

1507 is a two-bedroom apartment of 1,686 sqft on the 5th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 18 May 2014 for AED 5,077,600, or AED 3,012 per sqft, in line with the AED 3,044 two-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 5 March 2024, is AED 260,000 a year: a gross yield of 5.1% on the 2014 price.

Sales and rents for 1507 over time

Sales
Unit 1507, each saleTypical two-bed in Palazzo Versace
5M2009201420192024Typical sale price by year: 2009 AED 7,767,500; 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 3,633,300Sold, May 2014: AED 5,077,600 (AED 3,012 per sqft)

1507 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1507, each contractTypical two-bed in Palazzo Versace
150K200K250K2016201920222025Typical rent by year: 2016 AED 235,000; 2017 AED 210,000; 2018 AED 180,000; 2019 AED 179,000; 2020 AED 150,000; 2021 AED 158,322; 2022 AED 201,600; 2023 AED 220,880; 2024 AED 250,000; 2025 AED 250,000New contract, October 2017: AED 220,000 a yearNew contract, March 2024: AED 260,000 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 1507 sits

All 76 2-beds →

1507 last sold in May 2014 at AED 3,012 per sqft, in line with what two-beds in Palazzo Versace were fetching at the time (AED 3,044). Over the last 12 months two-beds sold for AED 3,015,526 to 3,880,000, around AED 1,887 per sqft, and rent for AED 225,000 to 250,000 a year. 1507's AED 260,000 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Feb 20263,880,000
16 Jan 20263,250,000
22 Dec 20253,015,526
24 Jun 20253,466,600
3 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. 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%
Palazzo Versace, Culture Village: prices, sales and rents →

Other units on the 5th floor

All 166 units in Palazzo Versace
Value
15012-bedAED 5.85M · Dec 2012
15023-bedAED 5.8M · Feb 2026
15032-bedAED 3.55M · Jun 2022
1504AED 3.3M · Oct 2025
15054-bedAED 12.79M · Sep 2012
15062-bedAED 3.58M · Feb 2024
15083-bedAED 5.6M · May 2025
1–7 of 23

1507, Palazzo Versace in numbers

  • Sold twice: first on 27 June 2010 for AED 8,211,212, last on 18 May 2014 for AED 5,077,600 (AED 3,012 per sqft).
  • Rented since October 2017 on 2 Ejari contracts, from AED 220,000 to AED 260,000 a year.
  • At AED 260,000 a year the gross yield on the 2014 price is 5.1%.
  • Two-beds in Palazzo Versace sold for AED 3,015,526–3,880,000 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 5 March 2024.

Questions about 1507, Palazzo Versace

What did unit 1507 last sell for?

AED 5,077,600 on 18 May 2014: AED 3,012 per sqft for 1,686 sqft. The unit has 2 registered sales; the first was AED 8,211,212 in June 2010.

What is the rent for unit 1507?

AED 260,000 a year on the contract signed on 5 March 2024. The previous contract, from October 2017, was AED 220,000.

How big is unit 1507?

1,686 sqft (156.6 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.

What is unit 1507 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 3,880,000 in the last 12 months, around AED 1,887 per sqft.

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Mortgage on 1507, Palazzo Versace

Starts from the last sale price (AED 5.08M, 18 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 5,077,600
Deposit, UAE resident (20%)
AED 1,015,520
Deposit, non-resident (40%)
AED 2,031,040
Monthly over 25 years at 3.7%
AED 20,774

Plus AED 218,269 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →