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1-bed · 848 sqftAxis Residences 1, Dubai Silicon Oasis · 7th floor · completed 2009

702, Axis Residences 1

Sold prices and rental history: sold 7 times, last in October 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 12 December 2025
Last soldAED 435K3 October 2023
Current rentAED 56K /yr12 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Axis Residences 1

What is 702 worth today?

Last sold for AED 435,000 in 2023

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12 Dec 2025RentedNew contract
AED 56,000/yr12 months · AED 66 per sqft
1 Nov 2025RentedNew contract
AED 53,000/yr12 months · AED 62 per sqft
20 Oct 2024RentedRenewal
AED 47,500/yr12 months · AED 55 per sqft
5 Sep 2024RentedRenewal
AED 41,000/yr12 months · AED 48 per sqft
20 Oct 2023RentedNew contract
AED 45,000/yr12 months · AED 53 per sqft
3 Oct 2023SoldReady
AED 435,000AED 507 per sqft
18 Sep 2023SoldReady
AED 380,000AED 443 per sqft
5 Sep 2023RentedNew contract
AED 41,000/yr12 months · AED 48 per sqft

Source: Dubai Land Department. Updated 12 December 2025.

Key facts

Type
1-bed apartment
Size
848 sqft
Floor
7th of 8
Parking
G-244
Developer
Gulf General Investments Co
Completed
2009
Service charge
AED 10,100 /yr
Last sold
AED 435K · October 2023
Building
Axis Residences 1

About 702, Axis Residences 1

702 is a one-bedroom apartment of 848 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 3 October 2023 for AED 435,000, or AED 507 per sqft, 15% above the AED 442 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 22 Ejari contracts. The current contract, signed on 12 December 2025, is AED 56,000 a year: a gross yield of 12.9% on the 2023 price, before the service charge of about AED 10,100 a year.

Sales and rents for 702 over time

Sales
Unit 702, 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, June 2015: AED 509,606 (AED 594 per sqft)Sold, January 2016: AED 1,042,556 (AED 1,229 per sqft)Sold, May 2016: AED 720,689 (AED 849 per sqft)Sold, December 2016: AED 625,000 (AED 729 per sqft)Sold, March 2019: AED 400,000 (AED 471 per sqft)Sold, September 2023: AED 380,000 (AED 443 per sqft)Sold, October 2023: AED 435,000 (AED 507 per sqft)

702 has sold 7 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 702, 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, May 2013: AED 45,000 a yearRenewal, July 2013: AED 45,000 a yearNew contract, March 2015: AED 32,000 a yearNew contract, May 2016: AED 50,863 a yearNew contract, June 2016: AED 60,000 a yearRenewal, May 2017: AED 52,000 a yearNew contract, February 2018: AED 46,000 a yearNew contract, December 2018: AED 45,000 a yearNew contract, December 2018: AED 40,000 a yearNew contract, June 2019: AED 38,000 a yearNew contract, February 2020: AED 35,000 a yearNew contract, February 2020: AED 36,000 a yearRenewal, February 2021: AED 32,000 a yearNew contract, April 2021: AED 28,000 a yearNew contract, February 2022: AED 31,000 a yearNew contract, August 2022: AED 33,000 a yearNew contract, September 2023: AED 41,000 a yearNew contract, October 2023: AED 45,000 a yearRenewal, September 2024: AED 41,000 a yearRenewal, October 2024: AED 47,500 a yearNew contract, November 2025: AED 53,000 a yearNew contract, December 2025: AED 56,000 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 702 sits

All 79 1-beds →

702 last sold in October 2023 at AED 507 per sqft, 15% above what one-beds in Axis Residences 1 were fetching at the time (AED 442). 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. 702's AED 56,000 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 7th floor

All 80 units in Axis Residences 1
Value
7011-bedAED 365K · Feb 2023
7031-bedAED 390K · Jul 2022
7041-bedAED 600K · Aug 2025
7051-bedAED 565K · Sep 2026
7061-bedAED 312K · Oct 2023
7071-bedAED 450K · Sep 2022
7081-bedAED 415K · Sep 2022
1–7 of 9

702, Axis Residences 1 in numbers

  • Sold 7 times: first on 28 June 2015 for AED 509,606, last on 3 October 2023 for AED 435,000 (AED 507 per sqft).
  • Rented since May 2013 on 22 Ejari contracts. The rent fell from AED 45,000 to AED 28,000 in 2021 and recovered to AED 56,000 by December 2025.
  • At AED 56,000 a year the gross yield on the 2023 price is 12.9%, 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 12 December 2025.

Questions about 702, Axis Residences 1

What did unit 702 last sell for?

AED 435,000 on 3 October 2023: AED 507 per sqft for 848 sqft. The unit has 7 registered sales; the first was AED 509,606 in June 2015.

What is the rent for unit 702?

AED 56,000 a year on the contract signed on 12 December 2025. The previous contract, from November 2025, was AED 53,000; the unit has been rented since May 2013.

How big is unit 702?

848 sqft (78.8 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2009.

What is unit 702 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 702, Axis Residences 1

Starts from the last sale price (AED 435K, 3 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 435,000
Deposit, UAE resident (20%)
AED 87,000
Deposit, non-resident (40%)
AED 174,000
Monthly over 25 years at 3.7%
AED 1,780

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