502, Axis Residences 1
Sold prices and rental history: sold 11 times, last in April 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 502, Axis Residences 1
What is 502 worth today?
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Source: Dubai Land Department. Updated 11 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 854 sqft
- Floor
- 5th of 8
- Parking
- G-13
- Developer
- Gulf General Investments Co
- Completed
- 2009
- Service charge
- AED 10,200 /yr
- Last sold
- AED 420K · April 2024
- Building
- Axis Residences 1
About 502, Axis Residences 1
502 is a one-bedroom apartment of 854 sqft on the 5th 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 24 April 2024 for AED 420,000, or AED 491 per sqft, 4% above the AED 472 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 28 Ejari contracts. The current contract, renewed on 11 May 2026, is AED 51,000 a year: a gross yield of 12.1% on the 2024 price, before the service charge of about AED 10,200 a year.
Sales and rents for 502 over time
502 has sold 11 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 502 sits
All 79 1-beds →502 last sold in April 2024 at AED 491 per sqft, 4% above 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. 502's AED 51,000 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 5th floor
All 80 units in Axis Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 439 sqft | AED 295KAED 295,000 · Feb 2026February 2026 | 60,000 /yr | |
| 503 | 1-bed | 938 sqft | AED 450KAED 450,000 · Apr 2024April 2024 | 54,000 /yr | |
| 504 | 1-bed | 852 sqft | AED 385KAED 385,000 · Jul 2023July 2023 | 48,510 /yr | |
| 505 | 1-bed | 898 sqft | AED 600KAED 600,000 · Feb 2019February 2019 | 50,000 /yr | |
| 506 | 1-bed | 860 sqft | AED 600KAED 600,000 · Sep 2026September 2026 | 60,000 /yr | |
| 507 | 1-bed | 938 sqft | AED 360KAED 360,000 · May 2023May 2023 | 55,000 /yr | |
| 508 | 1-bed | 854 sqft | AED 600KAED 600,000 · Aug 2025August 2025 | 56,000 /yr | |
| 509 | 1-bed | 848 sqft | AED 460KAED 460,000 · Jan 2024January 2024 | 47,000 /yr | |
| 510 | 1-bed | 877 sqft | AED 515KAED 515,000 · Sep 2026September 2026 | 44,900 /yr |
502, Axis Residences 1 in numbers
- Sold 11 times: first on 22 December 2013 for AED 508,130, last on 24 April 2024 for AED 420,000 (AED 491 per sqft).
- Rented since November 2013 on 28 Ejari contracts, from AED 21,000 to AED 51,000 a year.
- At AED 51,000 a year the gross yield on the 2024 price is 12.1%, 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 11 May 2026.
Questions about 502, Axis Residences 1
What did unit 502 last sell for?
AED 420,000 on 24 April 2024: AED 491 per sqft for 854 sqft. The unit has 11 registered sales; the first was AED 508,130 in December 2013.
What is the rent for unit 502?
AED 51,000 a year on the contract renewed on 11 May 2026. The previous contract, from May 2025, was AED 47,300; the unit has been rented since November 2013.
How big is unit 502?
854 sqft (79.3 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2009.
What is unit 502 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 502, Axis Residences 1
Starts from the last sale price (AED 420K, 24 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 420,000
- Deposit, UAE resident (20%)
- AED 84,000
- Deposit, non-resident (40%)
- AED 168,000
- Monthly over 25 years at 3.7%
- AED 1,718
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →