Project · Transactions · 2023

Palazzo Versace Property Transactions 2023

15 property sales worth ⃃ 115.74M were registered in Palazzo Versace in 2023, 66.7% higher than 2022 by number of sales. The median sale price was ⃃ 4,400,000 and the median price per square foot ⃃ 1,908 (−5.2% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 15 salesUpdated: 13 Nov 2026
Property sales
15
+66.7% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 115.74M
+115.5% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 4,400,000
−4.5% vs 2022
15 sales
Median price per sq ft
⃃ 1,908
−5.2% vs 2022
15 sales

What types of property sold in Palazzo Versace in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments15100%⃃ 115.74M⃃ 4,400,000⃃ 1,908

How were 2023 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)16.7%⃃ 2.99M⃃ 2,994,599⃃ 1,482
Resale (secondary)1493.3%⃃ 112.75M⃃ 5,328,000⃃ 1,930
Ready15100%⃃ 115.74M⃃ 4,400,000⃃ 1,908

How many rental contracts were registered in Palazzo Versace in 2023?

69 rental contracts (new and renewed) were registered in Palazzo Versace in 2023, at a median annual rent of ⃃ 290,000 (+16.0% on 2022). Rental yields in Palazzo Versace

What were the most expensive property sales in Palazzo Versace in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
28/12/2023Palazzo Versace5 beds · Apartment12,937 sq ft⃃ 21,300,000Resale · Ready
26/06/2023Palazzo Versace4 beds · Apartment6,444 sq ft⃃ 15,500,000Resale · Ready
19/12/2023Palazzo Versace4 beds · Apartment6,444 sq ft⃃ 14,000,000Resale · Ready
07/02/2023Palazzo Versace4 beds · Apartment6,552 sq ft⃃ 12,500,000Resale · Ready
27/03/2023Palazzo Versace4 beds · Apartment4,715 sq ft⃃ 9,200,000Resale · Ready
19/04/2023Palazzo Versace4 beds · Apartment4,717 sq ft⃃ 7,900,000Resale · Ready
31/05/2023Palazzo Versace3 beds · Apartment3,003 sq ft⃃ 6,256,000Resale · Ready
28/09/2023Palazzo Versace2 beds · Apartment2,998 sq ft⃃ 4,400,000Resale · Ready
10/07/2023Palazzo Versace2 beds · Apartment2,074 sq ft⃃ 4,200,000Resale · Ready
28/12/2023Palazzo Versace2 beds · Apartment2,021 sq ft⃃ 4,000,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/12/2023Palazzo Versace5 beds · Apartment12,937 sq ft⃃ 21,300,000Resale · Ready
28/12/2023Palazzo Versace2 beds · Apartment2,021 sq ft⃃ 4,000,000Resale · Ready
19/12/2023Palazzo Versace4 beds · Apartment6,444 sq ft⃃ 14,000,000Resale · Ready
06/10/2023Palazzo Versace2 beds · Apartment2,020 sq ft⃃ 2,994,599Primary · Ready
28/09/2023Palazzo Versace2 beds · Apartment2,998 sq ft⃃ 4,400,000Resale · Ready
19/09/2023Palazzo Versace2 beds · Apartment2,021 sq ft⃃ 3,400,000Resale · Ready
04/08/2023Palazzo Versace2 beds · Apartment1,764 sq ft⃃ 3,200,000Resale · Ready
10/07/2023Palazzo Versace2 beds · Apartment2,074 sq ft⃃ 4,200,000Resale · Ready
26/06/2023Palazzo Versace4 beds · Apartment6,444 sq ft⃃ 15,500,000Resale · Ready
31/05/2023Palazzo Versace3 beds · Apartment3,003 sq ft⃃ 6,256,000Resale · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2023 with the whole of 2022.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/palazzo-versace/2023
Palazzo Versace Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/palazzo-versace/2023

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Palazzo Versace in 2023?
15 property sales worth ⃃ 115,740,599 were registered in Palazzo Versace in 2023. That is 66.7% higher than 2022.
What was the median property price in Palazzo Versace in 2023?
The median sale price was ⃃ 4,400,000 and the median price per square foot ⃃ 1,908 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Palazzo Versace were off-plan or from developers?
Developer (primary) sales were 6.7% of the 15 sales and resales 93.3%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/palazzo-versace/2023