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1-bed · 848 sqftAxis Residences 1, Dubai Silicon Oasis · 5th floor · completed 2009

509, Axis Residences 1

Sold prices and rental history: sold 11 times, last in January 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 5 May 2026
Last soldAED 460K30 January 2024
Current rentAED 47K /yr5 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 509, Axis Residences 1

What is 509 worth today?

Last sold for AED 460,000 in 2024

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5 May 2026RentedRenewal
AED 47,000/yr12 months · AED 55 per sqft
1 May 2026RentedRenewal
AED 60,000/yr12 months · AED 71 per sqft
5 May 2025RentedRenewal
AED 45,000/yr12 months · AED 53 per sqft
1 May 2025RentedRenewal
AED 50,000/yr12 months · AED 59 per sqft
1 May 2025RentedNew contract
AED 48,000/yr12 months · AED 56 per sqft
5 May 2024RentedRenewal
AED 42,350/yr12 months · AED 50 per sqft
8 Mar 2024RentedNew contract
AED 45,000/yr12 months · AED 53 per sqft
30 Jan 2024SoldReady
AED 460,000AED 542 per sqft

Source: Dubai Land Department. Updated 5 May 2026.

Key facts

Type
1-bed apartment
Size
848 sqft
Floor
5th of 8
Parking
G-183
Developer
Gulf General Investments Co
Completed
2009
Service charge
AED 10,100 /yr
Last sold
AED 460K · January 2024
Building
Axis Residences 1

About 509, Axis Residences 1

509 is a one-bedroom apartment of 848 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 30 January 2024 for AED 460,000, or AED 542 per sqft, 16% above the AED 466 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 30 Ejari contracts. The current contract, renewed on 5 May 2026, is AED 47,000 a year: a gross yield of 10.2% on the 2024 price, before the service charge of about AED 10,100 a year.

Sales and rents for 509 over time

Sales
Unit 509, 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, September 2012: AED 1,058,313 (AED 1,239 per sqft)Sold, November 2012: AED 1,039,436 (AED 1,225 per sqft)Sold, June 2015: AED 949,487 (AED 1,119 per sqft)Sold, August 2015: AED 1,003,600 (AED 1,175 per sqft)Sold, December 2017: AED 520,000 (AED 613 per sqft)Sold, June 2018: AED 500,000 (AED 585 per sqft)Sold, November 2019: AED 378,500 (AED 443 per sqft)Sold, February 2020: AED 366,000 (AED 428 per sqft)Sold, November 2023: AED 415,000 (AED 485 per sqft)Sold, January 2024: AED 460,000 (AED 542 per sqft)Sold, January 2024: AED 460,000 (AED 542 per sqft)

509 has sold 11 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 509, 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, March 2014: AED 59,000 a yearNew contract, March 2014: AED 60,000 a yearNew contract, March 2015: AED 60,000 a yearNew contract, March 2016: AED 59,669 a yearRenewal, March 2016: AED 60,000 a yearRenewal, March 2017: AED 60,000 a yearNew contract, July 2017: AED 60,000 a yearNew contract, July 2018: AED 54,000 a yearRenewal, March 2019: AED 43,000 a yearNew contract, May 2019: AED 40,000 a yearNew contract, October 2019: AED 36,000 a yearNew contract, March 2020: AED 38,500 a yearNew contract, May 2020: AED 34,000 a yearNew contract, October 2020: AED 28,000 a yearNew contract, April 2021: AED 28,500 a yearRenewal, May 2021: AED 30,000 a yearRenewal, May 2022: AED 34,000 a yearNew contract, May 2022: AED 34,000 a yearNew contract, February 2023: AED 40,000 a yearRenewal, May 2023: AED 38,500 a yearRenewal, May 2023: AED 43,000 a yearRenewal, May 2023: AED 39,000 a yearNew contract, October 2023: AED 40,000 a yearNew contract, March 2024: AED 45,000 a yearRenewal, May 2024: AED 42,350 a yearRenewal, May 2025: AED 45,000 a yearRenewal, May 2025: AED 50,000 a yearNew contract, May 2025: AED 48,000 a yearRenewal, May 2026: AED 47,000 a yearRenewal, May 2026: AED 60,000 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 509 sits

All 79 1-beds →

509 last sold in January 2024 at AED 542 per sqft, 16% above what one-beds in Axis Residences 1 were fetching at the time (AED 466). 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. 509's AED 47,000 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
5051-bedAED 600K · Feb 2019
5061-bedAED 600K · Sep 2026
5071-bedAED 360K · May 2023
1–7 of 9

509, Axis Residences 1 in numbers

  • Sold 11 times: first on 30 September 2012 for AED 1,058,313, last on 30 January 2024 for AED 460,000 (AED 542 per sqft).
  • Rented since March 2014 on 30 Ejari contracts. The rent fell from AED 60,000 to AED 28,000 in 2020 and recovered to AED 47,000 by May 2026.
  • At AED 47,000 a year the gross yield on the 2024 price is 10.2%, before a service charge of about AED 10,100 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 5 May 2026.

Questions about 509, Axis Residences 1

What did unit 509 last sell for?

AED 460,000 on 30 January 2024: AED 542 per sqft for 848 sqft. The unit has 11 registered sales; the first was AED 1,058,313 in September 2012.

What is the rent for unit 509?

AED 47,000 a year on the contract renewed on 5 May 2026. The previous contract, from May 2026, was AED 60,000; the unit has been rented since March 2014.

How big is unit 509?

848 sqft (78.8 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2009.

What is unit 509 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 509, Axis Residences 1

Starts from the last sale price (AED 460K, 30 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 460,000
Deposit, UAE resident (20%)
AED 92,000
Deposit, non-resident (40%)
AED 184,000
Monthly over 25 years at 3.7%
AED 1,882

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