Tuscan Residence 1 - The Florence 1

P1 — Delivered Ready Secondary
Developer Damac Properties
Community Jumeirah Village Circle
Property type Apartment
Data updated Mar 31, 2026

Tuscan Residence 1 - The Florence 1 is a Delivered development by Damac Properties in Jumeirah Village Circle. 70 units across 1 Bedroom (60%), Studio (33%), 2 Bedroom (7%). Over the trailing 12 months, 211 sales at a median of AED 750,000.

Key Metrics
Median Price
Value
AED 750,000
Change
30.4% YoY
Transactions
Value
211
Change
10 in period
Price / sqft
Value
AED 787
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 750,000
↑ 30.4% YoY
Transactions
211
↑ 10 in period
Price / sqft
AED 787
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
-0.4%
Holding Period
Value
5.3 yrs
Liquidity
Value
11.6%
Ready Market Mix
Value
0.0%
Rental Activity
Value
48.8%
Capital Return
-0.4%
Holding Period
5.3 yrs
Liquidity
11.6%
Ready Market Mix
0.0%
Rental Activity
48.8%

Rental Performance

Rental Volume
Value
539
Avg Annual Rent
Value
AED 48,499
New Leases
Value
62.7%
Renewals
Value
37.3%
Rental Volume
539
Avg Annual Rent
AED 48,499
New Leases
62.7%
Renewals
37.3%

Unit Mix

By bedroom type
Studio 23 units · 33%
1 Bedroom 42 units · 60%
2 Bedroom 5 units · 7%

Transaction Breakdown

All time — 211 transactions
Off-Plan Primary
63
Off-Plan Secondary
2
Ready Primary
6
Ready Secondary
140

Price History

Median Price — Tuscan Residence 1 - The Florence 1

Median prices in Tuscan Residence 1 - The Florence 1 have declined significantly, down 63% to AED 485K over the past 9 months.

Recent Transactions

Showing last 10 of 211
Date Type Price (AED) Size (sqft) AED/sqft
Mar 31, 2026 RP Secondary 485,000 541 896
Feb 16, 2026 RP Secondary 800,000 1,085 736
Nov 14, 2025 RP Secondary 895,000 1,205 742
Oct 09, 2025 RP Secondary 800,000 1,026 778
Sep 10, 2025 RP Secondary 510,000 541 942
Aug 26, 2025 RP Secondary 700,000 922 759
Jul 31, 2025 RP Secondary 850,000 922 921
Jun 24, 2025 RP Secondary 430,000 541 794
May 21, 2025 RP Secondary 606,000 992 610
May 16, 2025 RP Secondary 2,005,000 1,971 1,016

This project is in Jumeirah Village Circle

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