2-bed · 2,017 sqftPalazzo Versace, Culture Village · 4th floor · completed 2015

2424, Palazzo Versace

Sold prices and rental history: sold twice, last in May 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2424 · DLD and Ejari recordsUpdated 20 May 2024
Last soldAED 4.2M20 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2424, Palazzo Versace

What is 2424 worth today?

Last sold for AED 4,200,000 in 2024

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20 May 2024SoldReady
AED 4,200,000AED 2,082 per sqft
14 Oct 2021Sold by developerReady
AED 2,891,662AED 1,433 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 May 2024.

Key facts

Type
2-bed apartment
Size
2,017 sqft
Floor
4th of 8
Parking
B2-E167, B2-E168
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 4.2M · May 2024

About 2424, Palazzo Versace

2424 is a two-bedroom apartment of 2,017 sqft on the 4th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 20 May 2024 for AED 4,200,000, or AED 2,082 per sqft, 10% above the AED 1,897 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2424 over time

Sales
Unit 2424, 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, October 2021: AED 2,891,662 (AED 1,433 per sqft)Sold, May 2024: AED 4,200,000 (AED 2,082 per sqft)

2424 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2424, 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 250,000

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 2424 sits

All 76 2-beds →

2424 last sold in May 2024 at AED 2,082 per sqft, 10% above what two-beds in Palazzo Versace were fetching at the time (AED 1,897). 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.

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 4th floor

All 166 units in Palazzo Versace
Value
14012-bedAED 11.83M · Feb 2009
14023-bedAED 18.23M · Feb 2009
14032-bedAED 3.2M · Aug 2023
14054-bedAED 9M · Aug 2019
14062-bedAED 4.21M · Oct 2012
14072-bedAED 4.34M · Nov 2012
14083-bedAED 6.26M · Mar 2013
1–7 of 22

2424, Palazzo Versace in numbers

  • Sold twice: first on 14 October 2021 for AED 2,891,662, last on 20 May 2024 for AED 4,200,000 (AED 2,082 per sqft).
  • 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 20 May 2024.

Questions about 2424, Palazzo Versace

What did unit 2424 last sell for?

AED 4,200,000 on 20 May 2024: AED 2,082 per sqft for 2,017 sqft. The unit has 2 registered sales; the first was AED 2,891,662 in October 2021.

How big is unit 2424?

2,017 sqft (187.4 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.

What is unit 2424 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 2424, Palazzo Versace

Starts from the last sale price (AED 4.2M, 20 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,200,000
Deposit, UAE resident (20%)
AED 840,000
Deposit, non-resident (40%)
AED 1,680,000
Monthly over 25 years at 3.7%
AED 17,184

Plus AED 181,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →