406, Axis Residences 1
Sold prices and rental history: sold 7 times, last in March 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Axis Residences 1
What is 406 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 860 sqft
- Floor
- 4th of 8
- Parking
- G-122
- Developer
- Gulf General Investments Co
- Completed
- 2009
- Service charge
- AED 10,300 /yr
- Last sold
- AED 430K · March 2024
- Building
- Axis Residences 1
About 406, Axis Residences 1
406 is a one-bedroom apartment of 860 sqft on the 4th 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 March 2024 for AED 430,000, or AED 478 per sqft, in line with the AED 472 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 36 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 74,500 a year: a gross yield of 17.3% on the 2024 price, before the service charge of about AED 10,300 a year.
Sales and rents for 406 over time
406 has sold 7 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 406 sits
All 79 1-beds →406 last sold in March 2024 at AED 478 per sqft, in line with what one-beds in Axis Residences 1 were fetching at the time (AED 472). 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. 406's AED 74,500 is in the upper 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 4th floor
All 80 units in Axis Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 877 sqft | AED 425KAED 425,000 · Nov 2023November 2023 | 53,000 /yr | |
| 402 | 1-bed | 848 sqft | AED 396KAED 396,231 · Mar 2022March 2022 | 44,629 /yr | |
| 403 | 1-bed | 854 sqft | AED 983KAED 983,072 · May 2018May 2018 | 50,000 /yr | |
| 404 | 1-bed | 938 sqft | AED 415KAED 415,000 · Jul 2023July 2023 | 41,580 /yr | |
| 405 | 1-bed | 860 sqft | AED 610KAED 610,000 · Feb 2026February 2026 | 63,000 /yr | |
| 407 | 1-bed | 852 sqft | AED 620KAED 620,000 · Oct 2026October 2026 | 75,000 /yr | |
| 408 | 1-bed | 854 sqft | AED 700KAED 700,000 · Sep 2025September 2025 | 57,000 /yr | |
| 409 | 1-bed | 848 sqft | AED 535KAED 535,000 · May 2025May 2025 | 50,000 /yr | |
| 410 | 1-bed | 847 sqft | AED 480KAED 480,000 · Jul 2024July 2024 | 50,000 /yr |
406, Axis Residences 1 in numbers
- Sold 7 times: first on 4 October 2012 for AED 756,137, last on 29 March 2024 for AED 430,000 (AED 478 per sqft).
- Rented since April 2013 on 36 Ejari contracts. The rent fell from AED 45,000 to AED 28,000 in 2022 and recovered to AED 74,500 by September 2026.
- At AED 74,500 a year the gross yield on the 2024 price is 17.3%, before a service charge of about AED 10,300 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 September 2026.
Questions about 406, Axis Residences 1
What did unit 406 last sell for?
AED 430,000 on 29 March 2024: AED 478 per sqft for 860 sqft. The unit has 7 registered sales; the first was AED 756,137 in October 2012.
What is the rent for unit 406?
AED 74,500 a year on the contract renewed on 1 September 2026. The previous contract, from September 2026, was AED 55,000; the unit has been rented since April 2013.
How big is unit 406?
860 sqft (79.9 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2009.
What is unit 406 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 406, Axis Residences 1
Starts from the last sale price (AED 430K, 29 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 430,000
- Deposit, UAE resident (20%)
- AED 86,000
- Deposit, non-resident (40%)
- AED 172,000
- Monthly over 25 years at 3.7%
- AED 1,759
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →