Palazzo Versace
2 BR · Apartment
About the building
A mixed-use complex in Culture Village, completed in 2015. Developer — Enshaa. Architect — PTW Architects Pty. Ltd.
Where it is
Al Jaddaf
A creekside district between Downtown and the airport: new towers, a healthcare cluster, and a metro station.
- central location at mid-market prices
- metro access
- healthcare and airport tenants
What to check: Al Jaddaf is still developing and towers continue to complete. Check what is under construction on the adjacent plots and what your outlook will be once those buildings top out.
Full district guide →Questions and answers about lot NP6-107631
How much is this 2-bedroom apartment in Palazzo Versace?
Lot NP6-107631 is priced at AED 4 200 000, about $1 144 000. The size is 1 700 sq ft (158 m²), which works out at AED 2 471 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in Palazzo Versace?
The database holds 2 lots in Palazzo Versace right now, from AED 4 200 000 to AED 11 900 000.
Is this expensive or cheap for Al Jaddaf?
The database holds 22 lots in Al Jaddaf, starting from AED 700 740. The area median is AED 2 225 per sq ft; this lot, at AED 2 471, is 11% above it. 2 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Al Jaddaf area guide →Is the property ready or still under construction?
The listing gives no handover date. The project passport gives 2015 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 840 000; a loan of AED 3 360 000 over 25 years at 3.75–4.99% a year comes to roughly AED 17 300–19 600 a month. A non-resident puts down from 40% (AED 1 680 000) and pays about AED 13 000–14 700 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 168 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 4 200 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Palazzo Versace?
The developer is Enshaa. Completion year: 2015. Figures are from the project passport: Propsearch and the Dubai Land Department.
Palazzo Versace project page →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP6-107631 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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