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2-bed · 1,801 sqftPalazzo Versace, Culture Village · 2nd floor · completed 2015

2215, Palazzo Versace

Sold prices and rental history: sold twice, last in April 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2215 · DLD and Ejari recordsUpdated 26 April 2024
Last soldAED 3.25M19 April 2023
Current rentAED 200K /yr26 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2215, Palazzo Versace

What is 2215 worth today?

Last sold for AED 3,250,000 in 2023

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26 Apr 2024RentedNew contract
AED 200,000/yr13 months · AED 111 per sqft
19 Apr 2023SoldReady
AED 3,250,000AED 1,804 per sqft
18 Apr 2021RentedNew contract
AED 150,000/yr12 months · AED 83 per sqft
24 Feb 2009Sold by developerOff-plan
AED 8,050,000AED 4,469 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 26 April 2024.

Key facts

Type
2-bed apartment
Size
1,801 sqft
Floor
2nd of 8
Parking
B1-E095, B1-E096
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 3.25M · April 2023
Building
Palazzo Versace

About 2215, Palazzo Versace

2215 is a two-bedroom apartment of 1,801 sqft on the 2nd floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 19 April 2023 for AED 3,250,000, or AED 1,804 per sqft, 10% below the AED 2,012 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 26 April 2024, is AED 200,000 a year: a gross yield of 6.2% on the 2023 price.

Sales and rents for 2215 over time

Sales
Unit 2215, 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 by developer, February 2009: AED 8,050,000 (AED 4,469 per sqft)Sold, April 2023: AED 3,250,000 (AED 1,804 per sqft)

2215 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2215, 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, April 2021: AED 150,000 a yearNew contract, April 2024: AED 200,000 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 2215 sits

All 76 2-beds →

2215 last sold in April 2023 at AED 1,804 per sqft, 10% below what two-beds in Palazzo Versace were fetching at the time (AED 2,012). 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. 2215's AED 200,000 is at the bottom 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 2nd floor

All 166 units in Palazzo Versace
Value
12012-bedAED 6.35M · Aug 2013
12023-bedAED 8.55M · Dec 2014
12032-bedAED 8.72M · Feb 2009
12042-bedAED 4.95M · Nov 2012
12054-bedAED 7.91M · Dec 2016
12062-bedAED 3.25M · Jan 2026
12072-bedAED 3.64M · Feb 2023
1–7 of 23

2215, Palazzo Versace in numbers

  • Sold twice: first on 24 February 2009 for AED 8,050,000, last on 19 April 2023 for AED 3,250,000 (AED 1,804 per sqft).
  • Rented since April 2021 on 2 Ejari contracts, from AED 150,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2023 price is 6.2%.
  • 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 26 April 2024.

Questions about 2215, Palazzo Versace

What did unit 2215 last sell for?

AED 3,250,000 on 19 April 2023: AED 1,804 per sqft for 1,801 sqft. The unit has 2 registered sales; the first was AED 8,050,000 in February 2009.

What is the rent for unit 2215?

AED 200,000 a year on the contract signed on 26 April 2024. The previous contract, from April 2021, was AED 150,000.

How big is unit 2215?

1,801 sqft (167.3 sqm): a two-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2015.

What is unit 2215 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 2215, Palazzo Versace

Starts from the last sale price (AED 3.25M, 19 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,250,000
Deposit, UAE resident (20%)
AED 650,000
Deposit, non-resident (40%)
AED 1,300,000
Monthly over 25 years at 3.7%
AED 13,297

Plus AED 141,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →