308, Axis Residences 1
Sold prices and rental history: sold 6 times, last in May 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, Axis Residences 1
What is 308 worth today?
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Source: Dubai Land Department. Updated 1 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 938 sqft
- Floor
- 3rd of 8
- Parking
- G-87
- Developer
- Gulf General Investments Co
- Completed
- 2009
- Service charge
- AED 11,200 /yr
- Last sold
- AED 530K · May 2024
- Building
- Axis Residences 1
About 308, Axis Residences 1
308 is a one-bedroom apartment of 938 sqft on the 3rd floor of Axis Residences 1, a 8-storey tower in Dubai Silicon Oasis completed in 2009 by Gulf General Investments Co. It last sold on 29 May 2024 for AED 530,000, or AED 565 per sqft, 18% above the AED 479 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 24 Ejari contracts. The current contract, signed on 1 December 2024, is AED 43,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 11,200 a year.
Sales and rents for 308 over time
308 has sold 6 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Axis Residences 1, and where 308 sits
All 79 1-beds →308 last sold in May 2024 at AED 565 per sqft, 18% above what one-beds in Axis Residences 1 were fetching at the time (AED 479). Over the last 12 months one-beds sold for AED 295,000 to 700,000, around AED 653 per sqft, and rent for AED 30,000 to 84,000 a year. 308's AED 43,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Oct 202627 October 2026 | 852 sqft | 620,000 | 728 | ||
| 15 Oct 202615 October 2026 | 931 sqft | 560,000 | 601 | ||
| 24 Sep 202624 September 2026 | 860 sqft | 565,000 | 657 | ||
| 23 Sep 202623 September 2026 | 898 sqft | 600,000 | 668 |
Axis Residences 1
Building80 apartments, studios to 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2009 by Gulf General Investments Co. 22 sold in the last 12 months.
- Typical price per sqft
- AED 653 Up 4.6%
- Typical sale
- AED 563K
- Typical rent
- AED 53K /yr
- Typical yield
- 9.1%
Other units on the 3rd floor
All 80 units in Axis Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 847 sqft | AED 378KAED 378,000 · May 2023May 2023 | 55,000 /yr | |
| 302 | 1-bed | 848 sqft | AED 598KAED 598,000 · Oct 2025October 2025 | 54,000 /yr | |
| 303 | 1-bed | 854 sqft | AED 500KAED 500,000 · Jul 2024July 2024 | 55,000 /yr | |
| 304 | 1-bed | 852 sqft | AED 470KAED 470,000 · Aug 2024August 2024 | 58,000 /yr | |
| 305 | 1-bed | 860 sqft | AED 610KAED 610,000 · Apr 2016April 2016 | 52,000 /yr | |
| 306 | 1-bed | 898 sqft | AED 610KAED 610,000 · Apr 2016April 2016 | 53,000 /yr | |
| 307 | 1-bed | 852 sqft | AED 500KAED 500,000 · Jun 2025June 2025 | 53,000 /yr | |
| 309 | 1-bed | 848 sqft | AED 520KAED 520,000 · May 2025May 2025 | 55,000 /yr | |
| 310 | 1-bed | 847 sqft | AED 550KAED 550,000 · Jul 2026July 2026 | 55,000 /yr |
308, Axis Residences 1 in numbers
- Sold 6 times: first on 13 May 2014 for AED 558,092, last on 29 May 2024 for AED 530,000 (AED 565 per sqft).
- Rented since September 2012 on 24 Ejari contracts. The rent fell from AED 39,000 to AED 26,000 in 2020 and recovered to AED 43,000 by December 2024.
- At AED 43,000 a year the gross yield on the 2024 price is 8.1%, before a service charge of about AED 11,200 a year (AED 11.95 per sqft).
- One-beds in Axis Residences 1 sold for AED 295,000–700,000 in the 12 months to November 2026; the building's median across all types is AED 653 per sqft.
Source: Dubai Land Department. Updated 1 December 2024.
Questions about 308, Axis Residences 1
What did unit 308 last sell for?
AED 530,000 on 29 May 2024: AED 565 per sqft for 938 sqft. The unit has 6 registered sales; the first was AED 558,092 in May 2014.
What is the rent for unit 308?
AED 43,000 a year on the contract signed on 1 December 2024. The previous contract, from December 2023, was AED 44,000; the unit has been rented since September 2012.
How big is unit 308?
938 sqft (87.1 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2009.
What is unit 308 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Axis Residences 1 sold for AED 295,000 to 700,000 in the last 12 months, around AED 653 per sqft.
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Mortgage on 308, Axis Residences 1
Starts from the last sale price (AED 530K, 29 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 530,000
- Deposit, UAE resident (20%)
- AED 106,000
- Deposit, non-resident (40%)
- AED 212,000
- Monthly over 25 years at 3.7%
- AED 2,168
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →