Unit 409, Florence 2: what it sold for and what it is worth now

Unit 409 at Florence 2 is a 1 bed of 992 sq ft. It last sold for AED 550,000 on 20 Mar 2024. At AED 711 per sq ft, from 3 sales in the building in the last 24 months (1 bed), it is worth about AED 705,000 today.

Value todayAED 705,000AED 677,000 to AED 707,000
Last saleAED 550,00020 Mar 2024 · Resale
Change since last sale+28.2%Building trend alone: AED 714,650
Rent (median asking, 1 bed)AED 64,999Gross yield 9.2%
Bedrooms1 bed
Size992 sq ft
Floor4 (from the unit number)
Position in the towerStack 09: units ending 09 share the same layout and view
BuildingFlorence 2 by DAMAC Properties, handed over 2011
Registered sales of this unit1

Every registered sale of unit 409

DatePriceSizeAED/sq ftType
20 Mar 2024AED 550,000992 sq ft554Resale

Units ending 09 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
30920 Aug 2024AED 720,000963 sq ft748Resale
10910 May 2021AED 370,000994 sq ft372Resale

Latest 1 bed sales in Florence 2

UnitDatePriceSizeAED/sq ftType
2087 Oct 2026AED 680,0001,040 sq ft654Resale
21720 Aug 2025AED 710,000992 sq ft716Resale
1173 Feb 2025AED 705,000992 sq ft711Resale
30920 Aug 2024AED 720,000963 sq ft748Resale
31513 Jun 2024AED 675,0001,185 sq ft570Resale
21126 Feb 2024AED 640,0001,086 sq ft589Resale
20127 Oct 2023AED 535,000837 sq ft639Resale
21127 Sep 2023AED 550,0001,086 sq ft506Resale

How we worked out the value

We took the 3 sales in Florence 2 in the last 24 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 711). We multiplied it by the size of this unit (992 sq ft). The range uses the middle half of those sales (AED 682 to AED 713 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 714,650. 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 409 at Florence 2 worth?

About AED 705,000 (range AED 677,000 to AED 707,000), based on AED 711 per sq ft from registered sales up to 9 Oct 2026.

When did unit 409 last sell?

20 Mar 2024, for AED 550,000 (resale). It has 1 registered sale.

What rent can unit 409 make?

A 1 bed in Florence 2 rents for about AED 64,999 a year (median asking rent). That is a gross yield of 9.2% on the estimate.

Sales alert for Florence 2All sales in Florence 2

Unit 404 · Unit G01