2516, Palazzo Versace
Sold prices and rental history: sold once, by the developer in September 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2516, Palazzo Versace
What is 2516 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 11 January 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,763 sqft
- Floor
- 5th of 8
- Parking
- B2-E160, B2-E161
- Developer
- Emirates PV Dubai
- Completed
- 2015
- Last sold
- AED 6.8M · September 2014
- Building
- Palazzo Versace
About 2516, Palazzo Versace
2516 is a two-bedroom apartment of 1,763 sqft on the 5th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 29 September 2014 for AED 6,800,000, or AED 3,856 per sqft, 20% above the AED 3,216 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 11 January 2024, is AED 353,933 a year: a gross yield of 5.2% on the 2014 price.
Sales and rents for 2516 over time
2516 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 2516 sits
All 76 2-beds →2516 last sold in September 2014 at AED 3,856 per sqft, 20% above what two-beds in Palazzo Versace were fetching at the time (AED 3,216). 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. 2516's AED 353,933 is at the top 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 5th floor
All 166 units in Palazzo Versace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 2,038 sqft | AED 5.85MAED 5,854,800 · Dec 2012December 2012 | 306,146 /yr | |
| 1502 | 3-bed | 2,238 sqft | AED 5.8MAED 5,800,000 · Feb 2026February 2026 | 420,000 /yr | |
| 1503 | 2-bed | 1,764 sqft | AED 3.55MAED 3,550,000 · Jun 2022June 2022 | 250,000 /yr | |
| 1504 | 1,763 sqft | AED 3.3MAED 3,300,000 · Oct 2025October 2025 | 135,000 /yr | ||
| 1505 | 4-bed | 5,035 sqft | AED 12.79MAED 12,792,500 · Sep 2012September 2012 | 350,000 /yr | |
| 1506 | 2-bed | 1,685 sqft | AED 3.58MAED 3,580,000 · Feb 2024February 2024 | 150,000 /yr | |
| 1507 | 2-bed | 1,686 sqft | AED 5.08MAED 5,077,600 · May 2014May 2014 | 260,000 /yr | |
| 1508 | 3-bed | 2,239 sqft | AED 5.6MAED 5,600,000 · May 2025May 2025 | 390,000 /yr | |
| 1509 | 3-bed | 3,808 sqft | AED 12.09MAED 12,093,100 · Apr 2014April 2014 | 240,000 /yr | |
| 1510 | 3-bed | 3,003 sqft | AED 6.26MAED 6,256,000 · May 2023May 2023 | 380,000 /yr | |
| 1511 | 2-bed | 2,021 sqft | AED 9.66MAED 9,659,750 · Feb 2009February 2009 | 160,000 /yr | |
| 1512 | 2-bed | 2,021 sqft | AED 4MAED 4,000,000 · Dec 2023December 2023 | 150,000 /yr | |
| 2513 | 2-bed | 2,038 sqft | AED 6.04MAED 6,035,040 · Sep 2013September 2013 | ||
| 2514 | 3-bed | 2,238 sqft | AED 8.5MAED 8,500,000 · Jul 2014July 2014 | ||
| 2515 | 2-bed | 1,764 sqft | AED 4MAED 4,000,000 · May 2025May 2025 | 280,000 /yr | |
| 2517 | 4-bed | 5,035 sqft | AED 19.5MAED 19,500,000 · Jul 2013July 2013 | ||
| 2518 | 2-bed | 1,685 sqft | AED 6.44MAED 6,436,610 · Jul 2013July 2013 | 85,000 /yr | |
| 2519 | 2-bed | 1,686 sqft | AED 1.79MAED 1,790,000 · Feb 2018February 2018 | 175,000 /yr | |
| 2520 | 3-bed | 2,239 sqft | AED 5.69MAED 5,692,500 · Sep 2012September 2012 | 410,000 /yr | |
| 2521 | 3-bed | 3,808 sqft | AED 8.28MAED 8,275,350 · Sep 2012September 2012 | 469,947 /yr | |
| 2522 | 3-bed | 3,003 sqft | No registered sale | 300,000 /yr | |
| 2523 | 2-bed | 2,021 sqft | AED 2.61MAED 2,605,000 · May 2019May 2019 | 231,000 /yr | |
| 2524 | 2-bed | 2,021 sqft | AED 4MAED 4,000,000 · Jan 2017January 2017 | 230,000 /yr |
2516, Palazzo Versace in numbers
- Sold once: by Emirates PV Dubai on 29 September 2014 for AED 6,800,000, or AED 3,856 per sqft.
- Rented since June 2018 on 5 Ejari contracts. The rent fell from AED 190,000 to AED 158,000 in 2020 and recovered to AED 353,933 by January 2024.
- At AED 353,933 a year the gross yield on the 2014 price is 5.2%.
- 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 11 January 2024.
Questions about 2516, Palazzo Versace
What did unit 2516 last sell for?
AED 6,800,000 on 29 September 2014, sold by the developer: AED 3,856 per sqft for 1,763 sqft. It is the only registered sale of the unit.
What is the rent for unit 2516?
AED 353,933 a year on the contract renewed on 11 January 2024. The previous contract, from November 2021, was AED 300,000; the unit has been rented since June 2018.
How big is unit 2516?
1,763 sqft (163.8 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.
What is unit 2516 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 2516, Palazzo Versace
Starts from the last sale price (AED 6.8M, 29 September 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 6,800,000
- Deposit, UAE resident (20%)
- AED 1,360,000
- Deposit, non-resident (40%)
- AED 2,720,000
- Monthly over 25 years at 3.7%
- AED 27,821
Plus AED 290,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →