Unit 312, Florence 1: what it sold for and what it is worth now

Unit 312 at Florence 1 is a 1 bed of 1,011 sq ft. It last sold for AED 520,000 on 17 May 2023. At AED 740 per sq ft, from 4 sales in the building in the last 12 months (1 bed), it is worth about AED 748,000 today.

Value todayAED 748,000AED 721,000 to AED 760,000
Last saleAED 520,00017 May 2023 · Resale
Change since last sale+43.8%Building trend alone: AED 711,224
Rent (median asking, 1 bed)AED 69,999Gross yield 9.4%
Bedrooms1 bed
Size1,011 sq ft
Floor3 (from the unit number)
Position in the towerStack 12: units ending 12 share the same layout and view
BuildingFlorence 1 by DAMAC Properties, handed over 2011
Registered sales of this unit1

Every registered sale of unit 312

DatePriceSizeAED/sq ftType
17 May 2023AED 520,0001,011 sq ft514Resale

Units ending 12 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
1129 Oct 2025AED 800,0001,027 sq ft779Resale

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 (1,011 sq ft). The range uses the middle half of those sales (AED 714 to AED 752 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 711,224. 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 312 at Florence 1 worth?

About AED 748,000 (range AED 721,000 to AED 760,000), based on AED 740 per sq ft from registered sales up to 25 Sep 2026.

When did unit 312 last sell?

17 May 2023, for AED 520,000 (resale). It has 1 registered sale.

What rent can unit 312 make?

A 1 bed in Florence 1 rents for about AED 69,999 a year (median asking rent). That is a gross yield of 9.4% on the estimate.

Sales alert for Florence 1All sales in Florence 1

Unit 311 · Unit 314