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1-bed · 854 sqftAxis Residences 1, Dubai Silicon Oasis · 6th floor · completed 2009

603, Axis Residences 1

Sold prices and rental history: sold 10 times, last in November 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 25 November 2023
Last soldAED 380K18 November 2022
Current rentAED 44K /yr25 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, Axis Residences 1

What is 603 worth today?

Last sold for AED 380,000 in 2022

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25 Nov 2023RentedNew contract
AED 44,000/yr12 months · AED 47 per sqft
10 Mar 2023RentedNew contract
AED 37,000/yr12 months · AED 44 per sqft
18 Nov 2022SoldReady
AED 380,000AED 445 per sqft
19 Sep 2022SoldReady
AED 365,000AED 389 per sqft
31 Aug 2022RentedRenewal
AED 45,000/yr12 months · AED 48 per sqft
31 Jul 2021RentedRenewal
AED 45,000/yr13 months · AED 48 per sqft
2 Apr 2021RentedRenewal
AED 37,000/yr12 months · AED 44 per sqft
25 Nov 2020RentedNew contract
AED 33,500/yr12 months · AED 36 per sqft

Source: Dubai Land Department. Updated 25 November 2023.

Key facts

Type
1-bed apartment
Size
854 sqft
Floor
6th of 8
Parking
G-282
Developer
Gulf General Investments Co
Completed
2009
Service charge
AED 10,200 /yr
Last sold
AED 380K · November 2022
Building
Axis Residences 1

About 603, Axis Residences 1

603 is a one-bedroom apartment of 854 sqft on the 6th 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 18 November 2022 for AED 380,000, or AED 445 per sqft, in line with the AED 443 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 20 Ejari contracts. The current contract, signed on 25 November 2023, is AED 44,000 a year: a gross yield of 11.6% on the 2022 price, before the service charge of about AED 10,200 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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 2013: AED 903,510 (AED 1,058 per sqft)Sold, October 2013: AED 1,065,155 (AED 1,135 per sqft)Sold, June 2016: AED 1,065,155 (AED 1,135 per sqft)Sold, August 2016: AED 605,000 (AED 708 per sqft)Sold, October 2017: AED 595,000 (AED 634 per sqft)Sold, October 2019: AED 500,000 (AED 533 per sqft)Sold, December 2019: AED 975,504 (AED 1,142 per sqft)Sold, September 2020: AED 380,000 (AED 405 per sqft)Sold, September 2022: AED 365,000 (AED 389 per sqft)Sold, November 2022: AED 380,000 (AED 445 per sqft)

603 has sold 10 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 603, each contractTypical one-bed in Axis Residences 1
20K40K60K2012201620202024Typical 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, August 2013: AED 40,000 a yearNew contract, August 2014: AED 48,000 a yearRenewal, August 2015: AED 52,000 a yearNew contract, August 2016: AED 63,000 a yearNew contract, November 2017: AED 18,947 a yearNew contract, April 2019: AED 37,000 a yearNew contract, July 2019: AED 45,902 a yearNew contract, August 2019: AED 38,000 a yearNew contract, November 2019: AED 38,000 a yearNew contract, March 2020: AED 36,796 a yearNew contract, March 2020: AED 40,000 a yearRenewal, July 2020: AED 45,000 a yearNew contract, October 2020: AED 29,000 a yearNew contract, November 2020: AED 33,500 a yearRenewal, April 2021: AED 37,000 a yearRenewal, July 2021: AED 45,000 a yearRenewal, August 2022: AED 45,000 a yearNew contract, March 2023: AED 37,000 a yearNew contract, November 2023: AED 44,000 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 603 sits

All 79 1-beds →

603 last sold in November 2022 at AED 445 per sqft, in line with what one-beds in Axis Residences 1 were fetching at the time (AED 443). 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. 603's AED 44,000 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 6th floor

All 80 units in Axis Residences 1
Value
6011-bedAED 491K · Sep 2024
6021-bedAED 345K · Dec 2022
6041-bedAED 480K · Dec 2024
6051-bedAED 1.02M · Jun 2025
6061-bedAED 420K · Sep 2023
6071-bedAED 455K · Dec 2023
6081-bedAED 400K · Jan 2020
1–7 of 9

603, Axis Residences 1 in numbers

  • Sold 10 times: first on 8 September 2013 for AED 903,510, last on 18 November 2022 for AED 380,000 (AED 445 per sqft).
  • Rented since August 2013 on 20 Ejari contracts. The rent fell from AED 40,000 to AED 7,000 in 2019 and recovered to AED 44,000 by November 2023.
  • At AED 44,000 a year the gross yield on the 2022 price is 11.6%, 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 November 2023.

Questions about 603, Axis Residences 1

What did unit 603 last sell for?

AED 380,000 on 18 November 2022: AED 445 per sqft for 854 sqft. The unit has 10 registered sales; the first was AED 903,510 in September 2013.

What is the rent for unit 603?

AED 44,000 a year on the contract signed on 25 November 2023. The previous contract, from March 2023, was AED 37,000; the unit has been rented since August 2013.

How big is unit 603?

854 sqft (79.3 sqm): a one-bedroom apartment on the 6th floor of a 8-storey tower completed in 2009.

What is unit 603 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 603, Axis Residences 1

Starts from the last sale price (AED 380K, 18 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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