Unit 118, Florence 1: what it sold for and what it is worth now

Unit 118 at Florence 1 is a 1 bed of 915 sq ft. It last sold for AED 420,000 on 4 Feb 2020. At AED 740 per sq ft, from 4 sales in the building in the last 12 months (1 bed), it is worth about AED 677,000 today.

Value todayAED 677,000AED 653,000 to AED 688,000
Last saleAED 420,0004 Feb 2020 · Resale
Change since last sale+61.2% 
Rent (median asking, 1 bed)AED 69,999Gross yield 10.3%
Bedrooms1 bed
Size915 sq ft
Floor1 (from the unit number)
Position in the towerStack 18: units ending 18 share the same layout and view
BuildingFlorence 1 by DAMAC Properties, handed over 2011
Registered sales of this unit1

Every registered sale of unit 118

DatePriceSizeAED/sq ftType
4 Feb 2020AED 420,000915 sq ft459Resale

Units ending 18 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
31826 Aug 2025AED 700,000922 sq ft759Resale
3185 Jun 2024AED 560,000922 sq ft607Resale

Latest 1 bed sales in Florence 1

UnitDatePriceSizeAED/sq ftType
20325 Sep 2026AED 650,0001,009 sq ft644Resale
31116 Feb 2026AED 800,0001,086 sq ft737Resale
31414 Nov 2025AED 895,0001,205 sq ft743Resale
1129 Oct 2025AED 800,0001,027 sq ft779Resale
31826 Aug 2025AED 700,000922 sq ft759Resale
41031 Jul 2025AED 850,000922 sq ft922Resale
40921 May 2025AED 606,000992 sq ft611Resale
4101 Oct 2024AED 590,000922 sq ft640Resale

How we worked out the value

We took the 4 sales in Florence 1 in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 740). We multiplied it by the size of this unit (915 sq ft). The range uses the middle half of those sales (AED 714 to AED 752 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 25 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 118 at Florence 1 worth?

About AED 677,000 (range AED 653,000 to AED 688,000), based on AED 740 per sq ft from registered sales up to 25 Sep 2026.

When did unit 118 last sell?

4 Feb 2020, for AED 420,000 (resale). It has 1 registered sale.

What rent can unit 118 make?

A 1 bed in Florence 1 rents for about AED 69,999 a year (median asking rent). That is a gross yield of 10.3% on the estimate.

Sales alert for Florence 1All sales in Florence 1

Unit 116 · Unit 202