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4-bed · 4,715 sqftPalazzo Versace, Culture Village · 7th floor · completed 2015

1706, Palazzo Versace

Sold prices and rental history: sold 4 times, last in March 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 30 November 2023
Last soldAED 9.2M27 March 2023
Current rentAED 313K /yr30 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1706, Palazzo Versace

What is 1706 worth today?

Last sold for AED 9,200,000 in 2023

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30 Nov 2023RentedRenewal
AED 312,500/yr24 months · AED 66 per sqft
27 Mar 2023SoldReady
AED 9,200,000AED 1,951 per sqft
24 May 2022SoldReady
AED 12,000,000AED 2,544 per sqft
1 Oct 2021RentedNew contract
AED 375,000/yr12 months · AED 80 per sqft
4 Apr 2020RentedRenewal
AED 295,385/yr13 months · AED 63 per sqft
26 May 2019RentedNew contract
AED 350,001/yr10 months · AED 74 per sqft
4 Apr 2019RentedNew contract
AED 350,000/yr12 months · AED 74 per sqft
19 Jun 2018SoldReady
AED 11,000,000AED 2,332 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 30 November 2023.

Key facts

Type
4-bed apartment
Size
4,715 sqft
Floor
7th of 8
Parking
B1M-W047, B1M-W048, B1M-W049
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 9.2M · March 2023
Building
Palazzo Versace

About 1706, Palazzo Versace

1706 is a four-bedroom apartment of 4,715 sqft on the 7th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 27 March 2023 for AED 9,200,000, or AED 1,951 per sqft, in line with the AED 1,951 four-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 30 November 2023, is AED 312,500 a year: a gross yield of 3.4% on the 2023 price.

Sales and rents for 1706 over time

Sales
Unit 1706, each saleTypical four-bed in Palazzo Versace
10M15M20092013201720212025Typical sale price by year: 2009 AED 16,055,500; 2012 AED 11,697,500; 2013 AED 15,849,250; 2018 AED 11,000,000; 2019 AED 6,755,000; 2021 AED 10,000,000; 2023 AED 12,500,000; 2024 AED 13,500,000Sold by developer, February 2009: AED 16,055,500 (AED 3,404 per sqft)Sold, June 2018: AED 11,000,000 (AED 2,332 per sqft)Sold, May 2022: AED 12,000,000 (AED 2,544 per sqft)Sold, March 2023: AED 9,200,000 (AED 1,951 per sqft)

1706 has sold 4 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 1706, each contractTypical four-bed in Palazzo Versace
400K600K800K2018202020222024Typical rent by year: 2018 AED 365,000; 2019 AED 360,001; 2020 AED 375,000; 2021 AED 400,000; 2022 AED 725,000; 2023 AED 625,000; 2024 AED 715,000New contract, April 2019: AED 350,000 a yearNew contract, May 2019: AED 350,001 a yearRenewal, April 2020: AED 295,385 a yearNew contract, October 2021: AED 375,000 a yearRenewal, November 2023: AED 312,500 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Palazzo Versace, and where 1706 sits

All 17 4-beds →

1706 last sold in March 2023 at AED 1,951 per sqft, in line with what four-beds in Palazzo Versace were fetching at the time (AED 1,951).

Recent 4-bed salesUnit no.Price (AED)Summary
22 Jul 20258,125,000
24 Dec 202413,500,000
20 Dec 202413,000,000
24 Oct 202415,250,000
0 4-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 7th floor

All 166 units in Palazzo Versace
Value
17013-bedAED 3.4M · Jan 2022
17024-bedNo registered sale
17033-bedAED 12.84M · Jun 2016
17045-bedAED 21.3M · Dec 2023
17052-bedAED 11.79M · Jun 2016
17073-bedAED 9M · Feb 2026
17083-bedAED 7.91M · Dec 2012
1–7 of 19

1706, Palazzo Versace in numbers

  • Sold 4 times: first on 26 February 2009 for AED 16,055,500, last on 27 March 2023 for AED 9,200,000 (AED 1,951 per sqft).
  • Rented since April 2019 on 5 Ejari contracts, from AED 350,000 to AED 312,500 a year.
  • At AED 312,500 a year the gross yield on the 2023 price is 3.4%.

Source: YallaValue analysis of Dubai Land Department records. Updated 30 November 2023.

Questions about 1706, Palazzo Versace

What did unit 1706 last sell for?

AED 9,200,000 on 27 March 2023: AED 1,951 per sqft for 4,715 sqft. The unit has 4 registered sales; the first was AED 16,055,500 in February 2009.

What is the rent for unit 1706?

AED 312,500 a year on the contract renewed on 30 November 2023. The previous contract, from October 2021, was AED 375,000; the unit has been rented since April 2019.

How big is unit 1706?

4,715 sqft (438.0 sqm): a four-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.

What is unit 1706 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1706, Palazzo Versace

Starts from the last sale price (AED 9.2M, 27 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 9,200,000
Deposit, UAE resident (20%)
AED 1,840,000
Deposit, non-resident (40%)
AED 3,680,000
Monthly over 25 years at 3.7%
AED 37,640

Plus AED 391,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →