Unit 408 at Florence 1 is a studio of 542 sq ft. It last sold for AED 400,000 on 23 Aug 2023. At AED 896 per sq ft, from 5 sales in the building in the last 24 months (studio), it is worth about AED 486,000 today.
| Bedrooms | studio |
|---|---|
| Size | 542 sq ft |
| Floor | 4 (from the unit number) |
| Position in the tower | Stack 08: units ending 08 share the same layout and view |
| Building | Florence 1 by DAMAC Properties, handed over 2011 |
| Registered sales of this unit | 3 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 23 Aug 2023 | AED 400,000 | 542 sq ft | 738 | Resale |
| 3 Aug 2022 | AED 330,000 | 542 sq ft | 609 | Resale |
| 13 Apr 2022 | AED 310,000 | 542 sq ft | 572 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 308 | 10 Jun 2024 | AED 600,000 | 966 sq ft | 621 | Resale |
| 208 | 3 Jun 2024 | AED 700,000 | 1,002 sq ft | 699 | Resale |
| 208 | 13 Dec 2022 | AED 447,000 | 1,002 sq ft | 446 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 316 | 31 Mar 2026 | AED 485,000 | 541 sq ft | 896 | Resale |
| 116 | 10 Sep 2025 | AED 510,000 | 541 sq ft | 943 | Resale |
| 116 | 24 Jun 2025 | AED 430,000 | 541 sq ft | 795 | Resale |
| 210 | 11 Feb 2025 | AED 400,000 | 505 sq ft | 792 | Resale |
| 207 | 21 Nov 2024 | AED 550,000 | 601 sq ft | 915 | Resale |
| 207 | 29 Feb 2024 | AED 450,000 | 601 sq ft | 749 | Resale |
| 204 | 8 Aug 2023 | AED 300,000 | 560 sq ft | 536 | Resale |
| 305 | 10 Mar 2023 | AED 325,000 | 596 sq ft | 545 | Resale |
We took the 5 sales in Florence 1 in the last 24 months (studio), worked out the price per sq ft of each, and used the middle value (AED 896). We multiplied it by the size of this unit (542 sq ft). The range uses the middle half of those sales (AED 795 to AED 915 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 542,790. Floor, view, condition and upgrades can move the price either way. Sales data to 25 Sep 2026, from the Dubai Land Department register.
About AED 486,000 (range AED 431,000 to AED 496,000), based on AED 896 per sq ft from registered sales up to 25 Sep 2026.
23 Aug 2023, for AED 400,000 (resale). It has 3 registered sales.
A studio in Florence 1 rents for about AED 40,000 a year (median asking rent). That is a gross yield of 8.2% on the estimate.