2216, Palazzo Versace
Sold prices and rental history: sold once, by the developer in September 2012, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2216, Palazzo Versace
What is 2216 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,801 sqft
- Floor
- 2nd of 8
- Parking
- B1-E092, B1-E093
- Developer
- Emirates PV Dubai
- Completed
- 2015
- Last sold
- AED 4.18M · September 2012
- Building
- Palazzo Versace
About 2216, Palazzo Versace
2216 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. The developer sold it on 17 September 2012 for AED 4,175,000, or AED 2,318 per sqft, in line with the AED 2,286 two-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 August 2024, is AED 210,000 a year: a gross yield of 5.0% on the 2012 price.
Sales and rents for 2216 over time
2216 has sold once; the dashed line is the two-bed median of each year in the building.
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 2216 sits
All 76 2-beds →2216 last sold in September 2012 at AED 2,318 per sqft, in line with what two-beds in Palazzo Versace were fetching at the time (AED 2,286). 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. 2216's AED 210,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
Palazzo Versace
Building166 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%
Other units on the 2nd floor
All 166 units in Palazzo Versace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 2,074 sqft | AED 6.35MAED 6,350,000 · Aug 2013August 2013 | 300,000 /yr | |
| 1202 | 3-bed | 2,297 sqft | AED 8.55MAED 8,550,000 · Dec 2014December 2014 | ||
| 1203 | 2-bed | 1,801 sqft | AED 8.72MAED 8,717,277 · Feb 2009February 2009 | 250,000 /yr | |
| 1204 | 2-bed | 1,801 sqft | AED 4.95MAED 4,952,350 · Nov 2012November 2012 | ||
| 1205 | 4-bed | 5,269 sqft | AED 7.91MAED 7,910,600 · Dec 2016December 2016 | ||
| 1206 | 2-bed | 1,722 sqft | AED 3.25MAED 3,250,000 · Jan 2026January 2026 | 250,000 /yr | |
| 1207 | 2-bed | 1,724 sqft | AED 3.64MAED 3,640,000 · Feb 2023February 2023 | 145,000 /yr | |
| 1208 | 3-bed | 2,299 sqft | AED 7.56MAED 7,561,600 · Jun 2014June 2014 | 400,000 /yr | |
| 1209 | 3-bed | 3,795 sqft | AED 12.4MAED 12,400,000 · Oct 2015October 2015 | 420,000 /yr | |
| 1210 | 3-bed | 3,113 sqft | AED 7MAED 7,000,000 · Jul 2021July 2021 | 364,000 /yr | |
| 1211 | 3-bed | 6,465 sqft | No registered sale | 380,000 /yr | |
| 1212 | 3-bed | 6,404 sqft | AED 15MAED 15,000,000 · Oct 2015October 2015 | ||
| 2213 | 2-bed | 2,074 sqft | AED 4.2MAED 4,200,000 · Jul 2023July 2023 | 180,000 /yr | |
| 2214 | 3-bed | 2,297 sqft | AED 5MAED 4,995,000 · Mar 2024March 2024 | 380,000 /yr | |
| 2215 | 2-bed | 1,801 sqft | AED 3.25MAED 3,250,000 · Apr 2023April 2023 | 200,000 /yr | |
| 2217 | 4-bed | 5,269 sqft | AED 11.7MAED 11,697,500 · Sep 2012September 2012 | ||
| 2218 | 2-bed | 1,722 sqft | AED 5.55MAED 5,551,500 · Nov 2013November 2013 | 240,000 /yr | |
| 2219 | 2-bed | 1,724 sqft | AED 3.94MAED 3,942,400 · Aug 2012August 2012 | 260,000 /yr | |
| 2220 | 3-bed | 2,299 sqft | AED 4.18MAED 4,176,145 · Nov 2024November 2024 | ||
| 2221 | 3-bed | 3,795 sqft | No registered sale | 400,000 /yr | |
| 2222 | 5-bed | 10,678 sqft | AED 20MAED 20,000,000 · Mar 2024March 2024 | 800,000 /yr | |
| 2223 | 3-bed | 6,720 sqft | No registered sale | ||
| 2224 | 3-bed | 6,822 sqft | No registered sale | 350,000 /yr |
2216, Palazzo Versace in numbers
- Sold once: by Emirates PV Dubai on 17 September 2012 for AED 4,175,000, or AED 2,318 per sqft.
- Rented since April 2019 on 3 Ejari contracts. The rent fell from AED 210,000 to AED 175,000 in 2021 and recovered to AED 210,000 by August 2024.
- At AED 210,000 a year the gross yield on the 2012 price is 5.0%.
- 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 August 2024.
Questions about 2216, Palazzo Versace
What did unit 2216 last sell for?
AED 4,175,000 on 17 September 2012, sold by the developer: AED 2,318 per sqft for 1,801 sqft. It is the only registered sale of the unit.
What is the rent for unit 2216?
AED 210,000 a year on the contract signed on 1 August 2024. The previous contract, from April 2021, was AED 175,000; the unit has been rented since April 2019.
How big is unit 2216?
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 2216 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 2216, Palazzo Versace
Starts from the last sale price (AED 4.18M, 17 September 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 4,175,000
- Deposit, UAE resident (20%)
- AED 835,000
- Deposit, non-resident (40%)
- AED 1,670,000
- Monthly over 25 years at 3.7%
- AED 17,081
Plus AED 180,360 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →