2-Bedroom Distress Deal – Palazzo Versace, Culture Village, Dubai

Spacious 2BR Residence at Palazzo Versace, Jaddaf Waterfront, Dubai

An exceptional distress deal offering a rare opportunity to acquire a fully furnished 2-bedroom residence at the iconic Palazzo Versace Dubai, located in Culture Village, Jaddaf Waterfront. Originally listed at AED 4,500,000, this unit is now available at AED 3,900,000 — a saving of AED 600,000. The property is currently rented and offered as a ready investment unit with vacant on transfer (VOT) terms, making it ideal for investors seeking immediate rental yield from one of Dubai’s most prestigious addresses.

Property Highlights

• Type: 2-Bedroom Apartment / Residence
• Size: 2,000+ sq.ft (Large Layout)
• View: Pool and Canal View
• Floor: High Floor
• Parking: 2 Dedicated Spaces
• Furnishing: Fully Furnished by Versace Home
• Status: Ready | Rented | Vacant on Transfer (VOT)
• Original Price: AED 4,500,000
• Distress Price: AED 3,900,000
• Seller: Open to Offers
• Designed by: Donatella Versace — exclusively crafted interiors
• Hotel Services: Full access to 5-star hotel amenities including room service, spa, and concierge

About the Project / Building

Palazzo Versace Dubai is a neoclassical masterpiece set on the foreshore of Dubai Creek in Culture Village, Jaddaf Waterfront. Developed as a joint hotel and residential tower, the building comprises 215 hotel rooms and suites alongside 169 private residences — every single piece of furniture, fabric, and fixture tailor-made by Versace. The iconic Medusa motifs, Carrara marble finishes, parquet flooring, and bespoke Versace Home furnishings define a living experience unlike any other in Dubai. The residences offer full access to the hotel’s five-star services, blending private ownership with hotel-grade hospitality.

Community & Lifestyle

• Culture Village (Al Jaddaf) — a vibrant, culturally rich waterfront district along Dubai Creek
• Landscaped gardens and direct access to the Dubai Creek pedestrian promenade
• Close to Dubai’s arts and cultural institutions, galleries, and waterfront dining
• Attracts luxury investors, high-net-worth individuals, and lifestyle-driven buyers
• 3 minutes to Al Jaddaf Metro Station for seamless city connectivity
• Quiet, upscale neighbourhood with strong long-term capital appreciation potential

Amenities

• Three outdoor lagoon swimming pools
• State-of-the-art fitness centre and gym
• Full-service luxury spa (couples and individual treatments)
• 24-hour concierge and front desk services
• In-residence room service (5-star hotel standard)
• Kids club and children’s swimming lessons
• Multiple Versace-branded fine dining and café outlets on the ground floor
• Business centre and conference facilities
• Valet parking and 2 dedicated residential parking spaces
• Housekeeping and laundry services
• High-speed elevators and 24-hour security

Layout & Floor Plan

This 2-bedroom residence spans over 2,000 sq.ft, offering a generous and well-proportioned layout with a large living and dining area, master bedroom suite with en-suite bathroom, a second bedroom, and a balcony with pool and canal views. Exact internal configuration and detailed floor plan for this 2-bedroom unit at Palazzo Versace, Culture Village, is available on request. Exact bathroom count is available on request; similar units in the building typically feature 3 bathrooms.

Payment & Handover

This is a ready, secondary market property available for immediate transfer. The asking price is AED 3,900,000. Standard Dubai Land Department (DLD) transfer fees of 4% apply. Additional transfer costs, agency fee, and NOC charges are available on request. The seller is open to reasonable offers. As a rented investment unit with VOT terms, the buyer gains immediate ownership and the flexibility to retain the tenant or move in upon transfer.

Location & Connectivity

• Dubai International Airport (DXB): Approx. 10–15 minutes by car
• Burj Khalifa & Downtown Dubai: Approx. 8 minutes by car
• DIFC & Dubai Business District: Approx. 8 minutes by car
• Dubai Mall: Approx. 10–15 minutes by car
• Dubai Festival City Mall: Approx. 5 minutes by car
• Al Jaddaf Metro Station: Approx. 3 minutes by car
• Palm Jumeirah: Approx. 26 minutes by car
• Al Khail Road: Nearby major arterial road for city-wide access

Why Invest in Palazzo Versace, Culture Village, Dubai

• Distress pricing: AED 600,000 below the previous asking price — immediate equity on purchase
• Brand value: Versace-designed residences command strong rental premiums and prestige in the luxury market
• Ready rental income: Currently rented — investors can benefit from day-one yield
• VOT flexibility: Vacant on transfer option gives end-users or new landlords full control
• Waterfront scarcity: Limited Dubai Creek waterfront residences with hotel-service access
• Proximity to airport: 10-minute drive to DXB makes it attractive for short-term rental and global travellers
• Capital appreciation: Culture Village and Jaddaf Waterfront are established growth corridors in Dubai’s real estate market

Frequently Asked Questions (FAQs)