Palazzo Versace Jumeirah Bay
Jumeirah Bay Island
Developer: Omniyat
Branded: Versace
Current Price
AED 8,100
per sqft
Rental Yield
3.8%
Total Units
165
Floors
24
Year Completed
2024
Tier
ULTRA LUXURY
Investment Thesis
Palazzo Versace branded ultra-luxury island residence combining Italian fashion heritage with trophy island positioning. Exceptional prestige and international appeal.
Best For
- Trophy Collectors
- Luxury Fashion Enthusiasts
- Island Prestige
Tier Classification
Ultra-Luxury positioning with premium pricing, iconic branding and HNWI appeal.
12-Month Price History
2025-07
AED 8,012
2025-08
AED 7,940
2025-09
AED 7,927
2025-10
AED 7,975
2025-11
AED 8,069
2025-12
AED 8,184
2026-01
AED 8,291
2026-02
AED 8,361
2026-03
AED 8,375
2026-04
AED 8,327
2026-05
AED 8,228
2026-06
AED 8,100
Trend: Upward trend over past 12 months
Unit Mix
2 Bedroom
68
3 Bedroom
72
Penthouse
25
Recent Transactions
| Unit | BR | Area (sqft) | Price (AED) | Date |
|---|---|---|---|---|
| PH-Waterfront | 5 | 8,500 | AED 68,850,000 | 1/20/2026 |
Rental Yield & Annual Rent
Gross Rental Yield
3.8%
2BR Annual Rent
AED 480,000
3BR Annual Rent
AED 720,000
Amenities
Versace Spa
Fine Dining
Private Beach
Yacht Club
Concierge
Water Sports
Proximity & Access
Metro: Bay Station
12 min away
Airport: DXB
32 min away
Beach
1 min away
Downtown Dubai
28 min away
Pros
- Iconic Versace brand
- Island exclusivity
- Fashion heritage prestige
- Strong capital appreciation
Cons
- Limited inventory
- Island service costs
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