Palazzo Versace

A Versace-branded complex in Culture Village, completed in 2015, architecture by PTW. Our five lots range from AED 4 million to AED 11.9 million at AED 2,297 per square foot.

What this building is

Palazzo Versace is a mixed-use complex in Culture Village on the bank of Dubai Creek, developed by Enshaa, designed by PTW Architects, completed in 2015. The hotel and the Versace-branded residences share the grounds and amenities.

Culture Village is a quarter on a bend of the creek between Deira and Business Bay, conceived as a cultural cluster. Development there is sparse, and Palazzo Versace is its most recognisable address.

Our five lots are two- and three-bedroom apartments ranging from 1,700 to 4,879 square feet, all ready.

What the numbers show

Prices range from AED 4 million to AED 11.9 million, at an average price per square foot of around AED 2,297. For a branded waterfront complex, that's a moderate level, and the reason is location: Culture Village isn't among the city's most sought-after addresses.

A threefold spread in prices against an almost threefold spread in floor areas: here, price tracks size more directly than in most buildings we've analysed.

Three of the five lots are listed at a discount, averaging 8%. Moderate room to negotiate, though the sample is small.

What to weigh in a branded complex

First, what the brand actually delivers for a specific lot: finishes, access to hotel services, upkeep. In complexes like this, the package varies from building to building.

Second, the service charge. Hotel infrastructure and grounds are expensive to maintain; ask for the per-square-foot annual figure before you commit.

Third, liquidity. Culture Village is a narrow market with few transactions; when it's time to sell, you'll have to benchmark against other addresses along the creek.

The propsearch property record (building type, developer, architect, district, completion year) and our own stock as of 28 August 2026: 5 lots — price range, floor areas, price per square foot, bedroom mix, completion status, number of discounted lots and the average discount.