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1-bed · 854 sqftAxis Residences 1, Dubai Silicon Oasis · 4th floor · completed 2009

408, Axis Residences 1

Sold prices and rental history: sold 9 times, last in September 2025, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 29 April 2026
Last soldAED 700K1 September 2025
Current rentAED 57K /yr29 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Axis Residences 1

What is 408 worth today?

Last sold for AED 700,000 in 2025

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29 Apr 2026RentedNew contract
AED 57,000/yr12 months · AED 67 per sqft
1 Sep 2025SoldReady
AED 700,000AED 819 per sqft
17 May 2025RentedNew contract
AED 75,000/yr12 months · AED 88 per sqft
23 Apr 2025SoldReady
AED 490,000AED 573 per sqft
1 Oct 2024RentedNew contract
AED 44,000/yr12 months · AED 47 per sqft
25 Sep 2024SoldReady
AED 545,000AED 581 per sqft
1 Mar 2023RentedRenewal
AED 37,000/yr12 months · AED 43 per sqft
1 Oct 2022RentedRenewal
AED 33,000/yr12 months · AED 35 per sqft

Source: Dubai Land Department. Updated 29 April 2026.

Key facts

Type
1-bed apartment
Size
854 sqft
Floor
4th of 8
Parking
G-37
Developer
Gulf General Investments Co
Completed
2009
Service charge
AED 10,200 /yr
Last sold
AED 700K · September 2025
Building
Axis Residences 1

About 408, Axis Residences 1

408 is a one-bedroom apartment of 854 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 1 September 2025 for AED 700,000, or AED 819 per sqft, 40% above the AED 587 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 26 Ejari contracts. The current contract, signed on 29 April 2026, is AED 57,000 a year: a gross yield of 8.1% on the 2025 price, before the service charge of about AED 10,200 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical one-bed in Axis Residences 1
500K1M20112015201920232027Typical sale price by year: 2011 AED 756,030; 2012 AED 922,153; 2013 AED 631,039; 2014 AED 829,819; 2015 AED 700,000; 2016 AED 620,000; 2017 AED 582,500; 2018 AED 500,000; 2019 AED 507,940; 2020 AED 337,500; 2021 AED 409,417; 2022 AED 380,000; 2023 AED 400,000; 2024 AED 480,000; 2025 AED 550,000; 2026 AED 555,000Sold by developer, May 2012: AED 1,167,156 (AED 1,244 per sqft)Sold, April 2014: AED 957,791 (AED 1,121 per sqft)Sold, June 2015: AED 575,900 (AED 674 per sqft)Sold, August 2015: AED 558,092 (AED 595 per sqft)Sold, November 2017: AED 540,000 (AED 575 per sqft)Sold, August 2020: AED 335,000 (AED 392 per sqft)Sold, September 2024: AED 545,000 (AED 581 per sqft)Sold, April 2025: AED 490,000 (AED 573 per sqft)Sold, September 2025: AED 700,000 (AED 819 per sqft)

408 has sold 9 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 408, each contractTypical one-bed in Axis Residences 1
25K50K75K2012201620202024Typical rent by year: 2012 AED 36,000; 2013 AED 40,000; 2014 AED 47,497; 2015 AED 55,000; 2016 AED 60,000; 2017 AED 54,000; 2018 AED 48,000; 2019 AED 40,000; 2020 AED 34,000; 2021 AED 30,000; 2022 AED 33,250; 2023 AED 39,000; 2024 AED 45,000; 2025 AED 50,000; 2026 AED 52,500New contract, March 2013: AED 38,000 a yearNew contract, August 2013: AED 45,000 a yearNew contract, April 2014: AED 63,000 a yearNew contract, July 2014: AED 58,000 a yearNew contract, April 2015: AED 63,000 a yearNew contract, August 2015: AED 55,000 a yearNew contract, August 2015: AED 65,000 a yearRenewal, August 2016: AED 55,000 a yearNew contract, August 2016: AED 60,000 a yearNew contract, November 2016: AED 65,000 a yearNew contract, October 2017: AED 57,000 a yearNew contract, May 2018: AED 20,000 a yearRenewal, October 2018: AED 50,000 a yearNew contract, March 2019: AED 45,000 a yearNew contract, August 2019: AED 40,243 a yearRenewal, October 2019: AED 40,000 a yearNew contract, October 2020: AED 30,000 a yearNew contract, June 2021: AED 30,000 a yearRenewal, October 2021: AED 33,000 a yearNew contract, March 2022: AED 35,000 a yearRenewal, October 2022: AED 33,000 a yearRenewal, March 2023: AED 37,000 a yearNew contract, October 2024: AED 44,000 a yearNew contract, May 2025: AED 75,000 a yearNew contract, April 2026: AED 57,000 a year

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 408 sits

All 79 1-beds →

408 last sold in September 2025 at AED 819 per sqft, 40% above what one-beds in Axis Residences 1 were fetching at the time (AED 587). 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. 408's AED 57,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Oct 2026620,000
15 Oct 2026560,000
24 Sep 2026565,000
23 Sep 2026600,000
22 1-bed sales in the last 12 months

Axis Residences 1

Building

80 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%
Axis Residences 1, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 4th floor

All 80 units in Axis Residences 1
Value
4011-bedAED 425K · Nov 2023
4021-bedAED 396K · Mar 2022
4031-bedAED 983K · May 2018
4041-bedAED 415K · Jul 2023
4051-bedAED 610K · Feb 2026
4061-bedAED 430K · Mar 2024
4071-bedAED 620K · Oct 2026
1–7 of 9

408, Axis Residences 1 in numbers

  • Sold 9 times: first on 16 May 2012 for AED 1,167,156, last on 1 September 2025 for AED 700,000 (AED 819 per sqft).
  • Rented since March 2013 on 26 Ejari contracts. The rent fell from AED 38,000 to AED 10,000 in 2020 and recovered to AED 57,000 by April 2026.
  • At AED 57,000 a year the gross yield on the 2025 price is 8.1%, before a service charge of about AED 10,200 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 29 April 2026.

Questions about 408, Axis Residences 1

What did unit 408 last sell for?

AED 700,000 on 1 September 2025: AED 819 per sqft for 854 sqft. The unit has 9 registered sales; the first was AED 1,167,156 in May 2012.

What is the rent for unit 408?

AED 57,000 a year on the contract signed on 29 April 2026. The previous contract, from May 2025, was AED 75,000; the unit has been rented since March 2013.

How big is unit 408?

854 sqft (79.3 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2009.

What is unit 408 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 408, Axis Residences 1

Starts from the last sale price (AED 700K, 1 September 2025). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →