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1-bed · 898 sqftAxis Residences 1, Dubai Silicon Oasis · 5th floor · completed 2009

505, Axis Residences 1

Sold prices and rental history: sold 5 times, last in February 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 14 September 2026
Last soldAED 600K12 February 2019
Current rentAED 50K /yr14 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Axis Residences 1

What is 505 worth today?

Last sold for AED 600,000 in 2019

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14 Sep 2026RentedRenewal
AED 50,000/yr12 months · AED 58 per sqft
24 Dec 2025RentedRenewal
AED 44,100/yr12 months · AED 49 per sqft
10 Oct 2025RentedNew contract
AED 57,845/yr12 months · AED 65 per sqft
14 Sep 2025RentedRenewal
AED 48,000/yr12 months · AED 56 per sqft
24 Dec 2024RentedNew contract
AED 42,000/yr12 months · AED 47 per sqft
14 Sep 2024RentedNew contract
AED 44,000/yr12 months · AED 51 per sqft
1 Feb 2024RentedRenewal
AED 40,425/yr12 months · AED 47 per sqft
14 Sep 2023RentedNew contract
AED 44,000/yr12 months · AED 51 per sqft

Source: Dubai Land Department. Updated 14 September 2026.

Key facts

Type
1-bed apartment
Size
898 sqft
Floor
5th of 8
Parking
G-20
Developer
Gulf General Investments Co
Completed
2009
Service charge
AED 10,700 /yr
Last sold
AED 600K · February 2019
Building
Axis Residences 1

About 505, Axis Residences 1

505 is a one-bedroom apartment of 898 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 12 February 2019 for AED 600,000, or AED 668 per sqft, 15% above the AED 583 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 26 Ejari contracts. The current contract, renewed on 14 September 2026, is AED 50,000 a year: a gross yield of 8.3% on the 2019 price, before the service charge of about AED 10,700 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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, June 2015: AED 1,080,491 (AED 1,203 per sqft)Sold by developer, June 2015: AED 728,064 (AED 846 per sqft)Sold, July 2015: AED 1,020,669 (AED 1,187 per sqft)Sold, August 2015: AED 700,000 (AED 779 per sqft)Sold, February 2019: AED 600,000 (AED 668 per sqft)

505 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 505, each contractTypical one-bed in Axis Residences 1
40K60K2012201620202024Typical 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, January 2014: AED 55,000 a yearNew contract, September 2014: AED 60,000 a yearNew contract, February 2016: AED 57,000 a yearRenewal, February 2017: AED 57,000 a yearNew contract, October 2017: AED 52,000 a yearRenewal, October 2018: AED 45,000 a yearNew contract, October 2018: AED 36,000 a yearNew contract, December 2018: AED 60,000 a yearNew contract, January 2019: AED 65,000 a yearRenewal, October 2019: AED 45,000 a yearNew contract, December 2019: AED 36,000 a yearNew contract, March 2020: AED 38,000 a yearNew contract, December 2020: AED 30,000 a yearNew contract, December 2020: AED 30,000 a yearNew contract, July 2021: AED 30,000 a yearNew contract, February 2022: AED 31,000 a yearRenewal, February 2023: AED 35,000 a yearNew contract, March 2023: AED 42,000 a yearNew contract, September 2023: AED 44,000 a yearRenewal, February 2024: AED 40,425 a yearNew contract, September 2024: AED 44,000 a yearNew contract, December 2024: AED 42,000 a yearRenewal, September 2025: AED 48,000 a yearNew contract, October 2025: AED 57,845 a yearRenewal, December 2025: AED 44,100 a yearRenewal, September 2026: AED 50,000 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 505 sits

All 79 1-beds →

505 last sold in February 2019 at AED 668 per sqft, 15% above what one-beds in Axis Residences 1 were fetching at the time (AED 583). 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. 505's AED 50,000 is in the lower 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 5th floor

All 80 units in Axis Residences 1
Value
5011-bedAED 295K · Feb 2026
5021-bedAED 420K · Apr 2024
5031-bedAED 450K · Apr 2024
5041-bedAED 385K · Jul 2023
5061-bedAED 600K · Sep 2026
5071-bedAED 360K · May 2023
5081-bedAED 600K · Aug 2025
1–7 of 9

505, Axis Residences 1 in numbers

  • Sold 5 times: first on 9 June 2015 for AED 728,064, last on 12 February 2019 for AED 600,000 (AED 668 per sqft).
  • Rented since January 2014 on 26 Ejari contracts. The rent fell from AED 55,000 to AED 30,000 in 2021 and recovered to AED 50,000 by September 2026.
  • At AED 50,000 a year the gross yield on the 2019 price is 8.3%, before a service charge of about AED 10,700 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 14 September 2026.

Questions about 505, Axis Residences 1

What did unit 505 last sell for?

AED 600,000 on 12 February 2019: AED 668 per sqft for 898 sqft. The unit has 5 registered sales; the first was AED 728,064 in June 2015.

What is the rent for unit 505?

AED 50,000 a year on the contract renewed on 14 September 2026. The previous contract, from December 2025, was AED 44,100; the unit has been rented since January 2014.

How big is unit 505?

898 sqft (83.4 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2009.

What is unit 505 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 505, Axis Residences 1

Starts from the last sale price (AED 600K, 12 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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