3-bed · 2,239 sqftPalazzo Versace, Culture Village · 6th floor · completed 2015

1608, Palazzo Versace

Sold prices and rental history: sold twice, last in February 2014, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1608 · DLD and Ejari recordsUpdated 8 November 2021

Last soldAED 6.31M9 February 2014

Current rentAED 210K /yr8 November 2021

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1608, Palazzo Versace

Today

What is 1608 worth today?

Last sold for AED 6,311,590 in 2014

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8 Nov 2021

8 Nov 2021RentedNew contract

AED 210,000/yr12 months · AED 94 per sqft

8 Nov 2020

8 Nov 2020RentedNew contract

AED 180,000/yr12 months · AED 80 per sqft

22 Mar 2020

22 Mar 2020RentedNew contract

AED 180,000/yr12 months · AED 80 per sqft

9 Feb 2014

9 Feb 2014SoldOff-plan

AED 6,311,590AED 2,818 per sqft

10 Apr 2013

10 Apr 2013Sold by developerOff-plan

AED 6,311,590AED 2,818 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 November 2021.

Key facts

Type: 3-bed apartment
Size: 2,239 sqft
Floor: 6th of 8
Parking: B2-W170, B2-W171
Developer: Emirates PV Dubai
Completed: 2015
Last sold: AED 6.31M · February 2014
Building: Palazzo Versace

About 1608, Palazzo Versace

1608 is a three-bedroom apartment of 2,239 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 9 February 2014 for AED 6,311,590, or AED 2,818 per sqft, in line with the AED 2,798 three-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 8 November 2021, is AED 210,000 a year: a gross yield of 3.3% on the 2014 price.

Sales and rents for 1608 over time

Sales

Unit 1608, each saleTypical three-bed in Palazzo Versace

1608 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents

Unit 1608, each contractTypical three-bed in Palazzo Versace

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 1608 sits

All 64 3-beds →

3-beds in Palazzo Versace · last 12 months2,369 /sqft Palazzo Versace · all types2,044 /sqft

1608 last sold in February 2014 at AED 2,818 per sqft, in line with what three-beds in Palazzo Versace were fetching at the time (AED 2,798). 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. 1608's AED 210,000 is at the bottom of that range.

Recent 3-bed sales	Size	Price (AED)	Per sqft
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

3 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. 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
1606	2-bed	1,685 sqft	AED 5.5MAED 5,500,000 · Apr 2011April 2011	265,000 /yr
1607	2-bed	1,686 sqft	AED 4.33MAED 4,325,100 · Feb 2009February 2009	188,000 /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

1608, Palazzo Versace in numbers

Sold twice: first on 10 April 2013 for AED 6,311,590, last on 9 February 2014 for AED 6,311,590 (AED 2,818 per sqft).
Rented since March 2020 on 3 Ejari contracts, from AED 180,000 to AED 210,000 a year.
At AED 210,000 a year the gross yield on the 2014 price is 3.3%.
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 8 November 2021.

Questions about 1608, Palazzo Versace

What did unit 1608 last sell for?

AED 6,311,590 on 9 February 2014: AED 2,818 per sqft for 2,239 sqft. The unit has 2 registered sales; the first was AED 6,311,590 in April 2013.

What is the rent for unit 1608?

AED 210,000 a year on the contract signed on 8 November 2021. The previous contract, from November 2020, was AED 180,000; the unit has been rented since March 2020.

How big is unit 1608?

2,239 sqft (208.0 sqm): a three-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.

What is unit 1608 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 1608, Palazzo Versace

Starts from the last sale price (AED 6.31M, 9 February 2014). Switch to today's estimate once you have unlocked it.

Price: AED 6,311,590
Deposit, UAE resident (20%): AED 1,262,318
Deposit, non-resident (40%): AED 2,524,636
Monthly over 25 years at 3.7%: AED 25,823

Plus AED 270,097 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →