dubai-rent·apartment·Palazzo Versace

Island Kitchen | Water View | Furnished| Vacant

apartment3 BR4 BA2,298 SQFT

-AED 25K

Price Cut

AED 163

PRICE/SQFT

43d

On Market

AED 2K

MONTHLY EST.

Times Dropped

Current asking price

AED 375K

−6.3% (-AED 25K) from last price

🔄

Relisted — this listing was removed and reappeared (last: 17 Apr)

Listing details

Bedrooms

Bathrooms

Size

2,298 sqft

Price/sqft

AED 163

Area

Palazzo Versace

Listed

10 Mar 2026

Broker: MAVRIX LUXURY PROPERTIES L.L.C·Ref: MVR-000055-p1

Free Intelligence Report

See Deal Score breakdown, Seller Motivation, Negotiability & Offer Range for this listing.

3 of 3 free reports remaining this month

Mortgage Estimate

AED 2K /month

20% down · 25yr · 6% rate (UAE Central Bank guidelines)

Down Payment (20%)

AED 75K

DLD Fee (4%)

AED 15K

Total to Close

AED 90K

Loan Amount

AED 300K

Market comparables

AED 163/sqft — 74% below area avg of AED 616/sqft

Ranked #4 of 6 by price/sqft (lower is better)

Price/sqft distribution

Title	Price	/sqft	Drop
High Floor \| Multiple Cheques \| Cre…	AED 225K	112	—
Big 3 plus Maids \| Water View \| Fur…	AED 525K	138	—
Pool and Canal View \| Vacant Now \| …	AED 238K	141	—
Ready To Move \| Multiple Cheques \| …	AED 424K	189	—
Bright \| Spacious \| Water Views \| F…	AED 7.50M	2,498	—

Showing 5 of 5 comparable listings in the same area

Market Comparables

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Area intelligence — Palazzo Versace

6 active listings in this area

Median price

AED 400K

Median /sqft

AED 152

Price range

AED 225K – AED 7.50M

Avg. days listed

10d

4 similar 3-bed apartments in Palazzo Versace

↑ 502 drops this month vs 446 last month(buyer's market signal)

Area Intelligence

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Deal score

41/100Good opportunity

Price dropped 6.3%

11/35

Negotiability (27/100)

7/25

6% below median

4/20

Data confidence 90%

9/10

Relisted (urgency signal)

10/10

DropNegot.MedianConf.Relist

Deal Score

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Seller motivation

30/100Holding

Listed 43 days ago — Over a month listed10/25

1 price cut5/25

Total reduction: 6.3%10/25

Seller Motivation

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Negotiability

Limited flexibility

Seller motivation

12/40

Price cuts count

4/20

Total price reduction

6/20

Time on market

5/15

Suggested offer range

AED 349K – AED 364K

3–7% below asking of AED 375K

Based on market data for similar properties in this area

Negotiability Score

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Area comparison

6% below median

Area median: AED 400K (6 active listings in Palazzo Versace)

Median

LowHigh

Area Comparison

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Data confidence

90%

Why: sourced from Bayut with verified reference number

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