701, Axis Residences 1
Sold prices and rental history: sold 9 times, last in February 2023, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Axis Residences 1
What is 701 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 931 sqft
- Floor
- 7th of 8
- Parking
- B-46
- Developer
- Gulf General Investments Co
- Completed
- 2009
- Service charge
- AED 11,100 /yr
- Last sold
- AED 365K · February 2023
- Building
- Axis Residences 1
About 701, Axis Residences 1
701 is a one-bedroom apartment of 931 sqft on the 7th 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 14 February 2023 for AED 365,000, or AED 392 per sqft, 8% below the AED 426 one-beds in the building were fetching at the time.
It has been rented continuously since 2011 on 48 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 42,000 a year: a gross yield of 11.5% on the 2023 price, before the service charge of about AED 11,100 a year.
Sales and rents for 701 over time
701 has sold 8 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 701 sits
All 79 1-beds →701 last sold in February 2023 at AED 392 per sqft, 8% below what one-beds in Axis Residences 1 were fetching at the time (AED 426). 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. 701's AED 42,000 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 7th floor
All 80 units in Axis Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 1-bed | 848 sqft | AED 435KAED 435,000 · Oct 2023October 2023 | 56,000 /yr | |
| 703 | 1-bed | 856 sqft | AED 390KAED 390,000 · Jul 2022July 2022 | 55,000 /yr | |
| 704 | 1-bed | 938 sqft | AED 600KAED 600,000 · Aug 2025August 2025 | 41,895 /yr | |
| 705 | 1-bed | 860 sqft | AED 565KAED 565,000 · Sep 2026September 2026 | 56,000 /yr | |
| 706 | 1-bed | 952 sqft | AED 312KAED 311,727 · Oct 2023October 2023 | 2,000 /yr | |
| 707 | 1-bed | 938 sqft | AED 450KAED 450,000 · Sep 2022September 2022 | 55,000 /yr | |
| 708 | 1-bed | 856 sqft | AED 415KAED 415,000 · Sep 2022September 2022 | 50,000 /yr | |
| 709 | 1-bed | 856 sqft | AED 300KAED 300,000 · Oct 2023October 2023 | 45,625 /yr | |
| 710 | 1-bed | 931 sqft | AED 700KAED 700,000 · Jul 2026July 2026 | 54,000 /yr |
701, Axis Residences 1 in numbers
- Sold 9 times: first on 30 September 2012 for AED 561,000, last on 14 February 2023 for AED 365,000 (AED 392 per sqft).
- Rented since December 2011 on 48 Ejari contracts. The rent fell from AED 36,000 to AED 26,000 in 2021 and recovered to AED 42,000 by September 2026.
- At AED 42,000 a year the gross yield on the 2023 price is 11.5%, before a service charge of about AED 11,100 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 1 September 2026.
Questions about 701, Axis Residences 1
What did unit 701 last sell for?
AED 365,000 on 14 February 2023: AED 392 per sqft for 931 sqft. The unit has 9 registered sales; the first was AED 561,000 in September 2012.
What is the rent for unit 701?
AED 42,000 a year on the contract renewed on 1 September 2026. The previous contract, from January 2026, was AED 52,500; the unit has been rented since December 2011.
How big is unit 701?
931 sqft (86.5 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2009.
What is unit 701 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 701, Axis Residences 1
Starts from the last sale price (AED 365K, 14 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 365,000
- Deposit, UAE resident (20%)
- AED 73,000
- Deposit, non-resident (40%)
- AED 146,000
- Monthly over 25 years at 3.7%
- AED 1,493
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →