Unit 404, Florence 2: what it sold for and what it is worth now

Unit 404 at Florence 2 is a 2 bed of 2,537 sq ft. It last sold for AED 1,150,000 on 11 Nov 2022. At AED 831 per sq ft, from 11 sales in the building in the last 24 months, it is worth about AED 2,107,000 today.

Value todayAED 2,107,000AED 1,809,000 to AED 2,338,000
Last saleAED 1,150,00011 Nov 2022 · Resale
Change since last sale+83.2%Building trend alone: AED 1,648,929
Rent (median asking, 2 bed)AED 129,999Gross yield 6.2%
Bedrooms2 bed
Size2,537 sq ft
Floor4 (from the unit number)
Position in the towerStack 04: units ending 04 share the same layout and view
BuildingFlorence 2 by DAMAC Properties, handed over 2011
Registered sales of this unit1

Every registered sale of unit 404

DatePriceSizeAED/sq ftType
11 Nov 2022AED 1,150,0002,537 sq ft453Resale

Units ending 04 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
20412 Feb 2024AED 555,000561 sq ft989Resale
2044 Sep 2023AED 445,000561 sq ft793Resale
10428 Dec 2022AED 375,000575 sq ft652Resale
20427 Oct 2021AED 350,000561 sq ft624Resale
10414 Jul 2021AED 250,000575 sq ft435Resale

How we worked out the value

We took the 11 sales in Florence 2 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 831). We multiplied it by the size of this unit (2,537 sq ft). The range uses the middle half of those sales (AED 713 to AED 922 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,648,929. Floor, view, condition and upgrades can move the price either way. Sales data to 9 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 404 at Florence 2 worth?

About AED 2,107,000 (range AED 1,809,000 to AED 2,338,000), based on AED 831 per sq ft from registered sales up to 9 Oct 2026.

When did unit 404 last sell?

11 Nov 2022, for AED 1,150,000 (resale). It has 1 registered sale.

What rent can unit 404 make?

A 2 bed in Florence 2 rents for about AED 129,999 a year (median asking rent). That is a gross yield of 6.2% on the estimate.

Sales alert for Florence 2All sales in Florence 2

Unit 402 · Unit 409