2-bed · 1,685 sqftPalazzo Versace, Culture Village · 6th floor · completed 2015

1606, Palazzo Versace

Sold prices and rental history: sold once, by the developer in April 2011, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 1 November 2023

Last soldAED 5.5M14 April 2011

Current rentAED 265K /yr1 November 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1606, Palazzo Versace

Today

What is 1606 worth today?

Last sold for AED 5,500,000 in 2011

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1 Nov 2023

1 Nov 2023RentedNew contract

AED 265,000/yr12 months · AED 157 per sqft

24 Aug 2022

24 Aug 2022RentedNew contract

AED 250,000/yr12 months · AED 148 per sqft

1 Aug 2021

1 Aug 2021RentedRenewal

AED 172,000/yr12 months · AED 102 per sqft

1 Aug 2020

1 Aug 2020RentedRenewal

AED 159,000/yr12 months · AED 94 per sqft

1 Aug 2019

1 Aug 2019RentedNew contract

AED 178,000/yr12 months · AED 106 per sqft

15 Aug 2018

15 Aug 2018RentedNew contract

AED 160,000/yr12 months · AED 95 per sqft

14 Apr 2011

14 Apr 2011Sold by developerOff-plan

AED 5,500,000AED 3,263 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2023.

Key facts

Type: 2-bed apartment
Size: 1,685 sqft
Floor: 6th of 8
Parking: B2-W142, B2-W161
Developer: Emirates PV Dubai
Completed: 2015
Last sold: AED 5.5M · April 2011
Building: Palazzo Versace

About 1606, Palazzo Versace

1606 is a two-bedroom apartment of 1,685 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 14 April 2011 for AED 5,500,000, or AED 3,263 per sqft.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 1 November 2023, is AED 265,000 a year: a gross yield of 4.8% on the 2011 price.

Sales and rents for 1606 over time

Sales

Unit 1606, each saleTypical two-bed in Palazzo Versace

1606 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1606, each contractTypical two-bed in Palazzo Versace

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 1606 sits

All 76 2-beds →

2-beds in Palazzo Versace · last 12 months1,887 /sqft Palazzo Versace · all types2,044 /sqft

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. 1606's AED 265,000 is at the top of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
18 Feb 202618 February 2026	1,763 sqft	3,880,000	2,200
16 Jan 202616 January 2026	1,722 sqft	3,250,000	1,887
22 Dec 202522 December 2025	1,763 sqft	3,015,526	1,710
24 Jun 202524 June 2025	2,021 sqft	3,466,600	1,715

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 6th floor

All 166 units in Palazzo Versace


1601	2-bed	2,038 sqft	AED 4.29MAED 4,285,000 · Jul 2024July 2024	170,000 /yr
1602	3-bed	2,238 sqft	AED 4.6MAED 4,604,962 · Mar 2022March 2022	335,000 /yr
1603	2-bed	1,764 sqft	AED 9.45MAED 9,451,662 · Jan 2012January 2012
1604	2-bed	1,763 sqft	AED 3.2MAED 3,200,000 · Jan 2019January 2019	150,700 /yr
1605	4-bed	5,001 sqft	AED 139KAED 138,770 · Jan 2022January 2022	250,000 /yr
1607	2-bed	1,686 sqft	AED 4.33MAED 4,325,100 · Feb 2009February 2009	188,000 /yr
1608	3-bed	2,239 sqft	AED 6.31MAED 6,311,590 · Feb 2014February 2014	210,000 /yr
1609	3-bed	3,821 sqft	AED 12.28MAED 12,279,100 · Jan 2014January 2014	50,000 /yr
1610	3-bed	2,975 sqft	AED 5.9MAED 5,900,000 · Dec 2024December 2024	80,000 /yr
1611	2-bed	2,021 sqft	AED 6.12MAED 6,117,840 · Aug 2013August 2013	200,000 /yr
1612	2-bed	2,021 sqft	AED 3.4MAED 3,400,000 · Sep 2023September 2023
2613	2-bed	2,038 sqft	AED 3.09MAED 3,094,500 · Sep 2012September 2012	300,000 /yr
2614	3-bed	2,238 sqft	AED 6MAED 6,000,000 · Feb 2018February 2018	320,000 /yr
2615	2-bed	1,764 sqft	AED 3.4MAED 3,400,000 · May 2021May 2021	280,000 /yr
2616	2-bed	1,763 sqft	AED 3.88MAED 3,880,000 · Feb 2026February 2026	260,000 /yr
2617	4-bed	5,001 sqft	AED 20MAED 20,000,000 · Jul 2014July 2014	715,000 /yr
2618	2-bed	1,685 sqft	AED 2.5MAED 2,500,000 · May 2021May 2021	150,000 /yr
2620	3-bed	2,239 sqft	AED 10.11MAED 10,112,400 · Feb 2009February 2009
2621	3-bed	3,821 sqft	AED 8.36MAED 8,360,000 · Oct 2024October 2024	395,000 /yr
2622	3-bed	2,975 sqft	AED 4.75MAED 4,746,171 · Dec 2022December 2022
2623	2-bed	2,021 sqft	AED 1.06MAED 1,059,976 · Sep 2019September 2019	235,000 /yr
2624	2-bed	2,021 sqft	AED 2.74MAED 2,741,813 · Jan 2017January 2017	190,000 /yr

1–7 of 22

1606, Palazzo Versace in numbers

Sold once: by Emirates PV Dubai on 14 April 2011 for AED 5,500,000, or AED 3,263 per sqft.
Rented since August 2018 on 6 Ejari contracts, from AED 160,000 to AED 265,000 a year.
At AED 265,000 a year the gross yield on the 2011 price is 4.8%.
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 1 November 2023.

Questions about 1606, Palazzo Versace

What did unit 1606 last sell for?

AED 5,500,000 on 14 April 2011, sold by the developer: AED 3,263 per sqft for 1,685 sqft. It is the only registered sale of the unit.

What is the rent for unit 1606?

AED 265,000 a year on the contract signed on 1 November 2023. The previous contract, from August 2022, was AED 250,000; the unit has been rented since August 2018.

How big is unit 1606?

1,685 sqft (156.5 sqm): a two-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.

What is unit 1606 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 1606, Palazzo Versace

Starts from the last sale price (AED 5.5M, 14 April 2011). Switch to today's estimate once you have unlocked it.

Price: AED 5,500,000
Deposit, UAE resident (20%): AED 1,100,000
Deposit, non-resident (40%): AED 2,200,000
Monthly over 25 years at 3.7%: AED 22,502

Plus AED 236,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →