508, Axis Residences 1
Sold prices and rental history: sold 9 times, last in August 2025, 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 508, Axis Residences 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 25 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 854 sqft
- Floor
- 5th of 8
- Parking
- G-115
- Developer
- Gulf General Investments Co
- Completed
- 2009
- Service charge
- AED 10,200 /yr
- Last sold
- AED 600K · August 2025
- Building
- Axis Residences 1
About 508, Axis Residences 1
508 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 5 August 2025 for AED 600,000, or AED 702 per sqft, 20% above the AED 584 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 34 Ejari contracts. The current contract, renewed on 25 October 2026, is AED 56,000 a year: a gross yield of 9.3% on the 2025 price, before the service charge of about AED 10,200 a year.
Sales and rents for 508 over time
508 has sold 9 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 508 sits
All 79 1-beds →508 last sold in August 2025 at AED 702 per sqft, 20% above what one-beds in Axis Residences 1 were fetching at the time (AED 584). 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. 508's AED 56,000 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 | |
| 502 | 1-bed | 854 sqft | AED 420KAED 420,000 · Apr 2024April 2024 | 51,000 /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 | |
| 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 |
508, Axis Residences 1 in numbers
- Sold 9 times: first on 26 March 2015 for AED 558,092, last on 5 August 2025 for AED 600,000 (AED 702 per sqft).
- Rented since June 2012 on 34 Ejari contracts. The rent fell from AED 36,000 to AED 29,000 in 2021 and recovered to AED 56,000 by October 2026.
- At AED 56,000 a year the gross yield on the 2025 price is 9.3%, 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 25 October 2026.
Questions about 508, Axis Residences 1
What did unit 508 last sell for?
AED 600,000 on 5 August 2025: AED 702 per sqft for 854 sqft. The unit has 9 registered sales; the first was AED 558,092 in March 2015.
What is the rent for unit 508?
AED 56,000 a year on the contract renewed on 25 October 2026. The previous contract, from May 2026, was AED 52,000; the unit has been rented since June 2012.
How big is unit 508?
854 sqft (79.3 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2009.
What is unit 508 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 508, Axis Residences 1
Starts from the last sale price (AED 600K, 5 August 2025). 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 →