What is the rental yield in Palazzo Versace?

Palazzo Versace returns 5.93% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 54 rental contracts registered in the last 24 months.

How much does a 2 bedroom in Palazzo Versace cost?

The median registered sale price is AED 3.88M (1,930 AED/sqft), from 13 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in Palazzo Versace selling for right now?

Registered sales of ready units in Palazzo Versace over the last 12 months have a median of 1,925 AED/sqft, across 8 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in Palazzo Versace risen or fallen?

Median price per square foot moved -0.3% over the last 12 months against the 12 before it, on 13 registered sales. On a sample this size, read the direction rather than the exact figure.

How does Palazzo Versace compare with Jaddaf Waterfront?

Its 5.93% gross yield sits -0.3 pts against the Jaddaf Waterfront median of 6.23%, computed at the same bedroom grain over the same 24-month window.

Palazzo Versace — sale prices & yield | Jaddaf Waterfront, Dubai

Buy: 3.88MAED; AED 1,925/sqft
Long-let: 5.93%; AED 233,500/yr

Price per sqft: Median of 8 registered sales of ready units in the last 12 months, most recent August 2026.

Priced off 4 sales in the last 3 months.

Yield spread: -0.3 pts; vs the Jaddaf Waterfront median for this unit type
Turnover upside: -6.6%; new tenants pay less than sitting ones — 20 renewals
AED/yr/sqft: AED 114
Sales: 13
Rental contracts: 54
Renewal rent: AED 250,000/yr

12 months: -0.3%
3 years: +6.4%+2.1%/yr
5 years: +32.4%+5.8%/yr

Based on 13 sales and 54 rental contracts in the last 24 months.

Palazzo Versace is an apartment building in Jaddaf Waterfront, Dubai. The closest metro station is Al Jadaf Metro Station, the nearest mall City Centre Mirdif and the nearest landmark Dubai International Airport. Land Department records for it run from 2015 to 2026, 268 registered sales in all — the 13 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in Palazzo Versace, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
2 bed	AED 3.88M	1930	5.93% -0.3 pts	-0.3%	13
3 bed	AED 5.70M	2160	7.41% +0.8 pts	+11.1%	10
4+ bed	AED 13.00M	2429	4.62% +0.0 pts	-1.2%	5

Deltas compare each yield with the Jaddaf Waterfront median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Off-plan vs resale

Units sold off-plan in Palazzo Versace between 2009 and 2015 went for a median of AED 2,866/sqft (AED 8.00M). The same building resells today at AED 2,160/sqft (AED 4.21M) — an uplift of -47.3%.

Based on 150 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

14 resales in the last 12 months, against 14 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
19 Aug 2026	2 bed	2,038	AED 4,000,000	1,963
22 Jul 2026	2 bed	2,049	AED 3,500,000	1,708
16 Jul 2026	2 bed	1,801	AED 4,000,000	2,221
13 Jul 2026	2 bed	1,763	AED 3,880,000	2,200
6 Jul 2026	3 bed	2,239	AED 4,250,000	1,898

5 resales in the last 3 months.

Rental contracts

Start	Type	Sqft	Annual rent	AED/sqft	Contract
25 Aug 2026	3 bed	3,805	AED 425,000	112	New
24 Aug 2026	1 bed	2,239	AED 310,000	138	New
22 Aug 2026	2 bed	2,021	AED 210,000	104	Renewal
12 Aug 2026	3 bed	3,799	AED 435,000	115	Renewal
31 Jul 2026	2 bed	2,038	AED 225,000	110	New
10 Jul 2026	3 bed	4,895	AED 475,000	97	Renewal
24 Jun 2026	3 bed	2,239	AED 270,000	121	New
5 Jun 2026	3 bed	3,782	AED 465,000	123	Renewal
31 May 2026	2 bed	2,038	AED 215,000	105	New
30 May 2026	2 bed	1,763	AED 280,000	159	Renewal

10 contracts starting on or after 26 May 2026.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 10
Flats: 169

Nearby

Metro: Al Jadaf Metro Station
Mall: City Centre Mirdif
Landmark: Dubai International Airport

Compare with nearby buildings

The most-traded buildings in Jaddaf Waterfront, on the same figures over the same window.

Highest rental yields in Jaddaf Waterfront · Palazzo Versace places 5th of 10

Common questions

What is the rental yield in Palazzo Versace?: Palazzo Versace returns 5.93% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 54 rental contracts registered in the last 24 months.
How much does a 2 bedroom in Palazzo Versace cost?: The median registered sale price is AED 3.88M (1,930 AED/sqft), from 13 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Palazzo Versace selling for right now?: Registered sales of ready units in Palazzo Versace over the last 12 months have a median of 1,925 AED/sqft, across 8 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Palazzo Versace risen or fallen?: Median price per square foot moved -0.3% over the last 12 months against the 12 before it, on 13 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Palazzo Versace compare with Jaddaf Waterfront?: Its 5.93% gross yield sits -0.3 pts against the Jaddaf Waterfront median of 6.23%, computed at the same bedroom grain over the same 24-month window.

Palazzo Versace