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1-bed · 856 sqftAxis Residences 1, Dubai Silicon Oasis · 7th floor · completed 2009

708, Axis Residences 1

Sold prices and rental history: sold 7 times, last in September 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 15 November 2025
Last soldAED 415K12 September 2022
Current rentAED 50K /yr15 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 708, Axis Residences 1

What is 708 worth today?

Last sold for AED 415,000 in 2022

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15 Nov 2025RentedRenewal
AED 50,000/yr12 months · AED 58 per sqft
5 Apr 2025RentedNew contract
AED 43,650/yr12 months · AED 51 per sqft
15 Nov 2024RentedNew contract
AED 50,000/yr12 months · AED 58 per sqft
24 Oct 2024RentedNew contract
AED 52,000/yr12 months · AED 56 per sqft
20 Oct 2023RentedNew contract
AED 45,000/yr12 months · AED 48 per sqft
22 Sep 2023RentedRenewal
AED 35,650/yr12 months · AED 41 per sqft
22 Sep 2022RentedRenewal
AED 31,000/yr12 months · AED 36 per sqft
12 Sep 2022SoldReady
AED 415,000AED 442 per sqft

Source: Dubai Land Department. Updated 15 November 2025.

Key facts

Type
1-bed apartment
Size
856 sqft
Floor
7th of 8
Parking
B-49
Developer
Gulf General Investments Co
Completed
2009
Service charge
AED 10,200 /yr
Last sold
AED 415K · September 2022
Building
Axis Residences 1

About 708, Axis Residences 1

708 is a one-bedroom apartment of 856 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 12 September 2022 for AED 415,000, or AED 442 per sqft, in line with the AED 444 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 25 Ejari contracts. The current contract, renewed on 15 November 2025, is AED 50,000 a year: a gross yield of 12.0% on the 2022 price, before the service charge of about AED 10,200 a year.

Sales and rents for 708 over time

Sales
Unit 708, 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 442,390 (AED 516 per sqft)Sold, September 2014: AED 1,177,356 (AED 1,255 per sqft)Sold, June 2015: AED 1,074,869 (AED 1,145 per sqft)Sold, June 2015: AED 575,337 (AED 671 per sqft)Sold, December 2016: AED 655,000 (AED 698 per sqft)Sold, March 2018: AED 480,000 (AED 560 per sqft)Sold, September 2022: AED 415,000 (AED 442 per sqft)

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

Rents
Unit 708, 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 2013: AED 36,000 a yearNew contract, March 2014: AED 41,400 a yearNew contract, May 2015: AED 50,800 a yearNew contract, August 2015: AED 62,000 a yearNew contract, November 2015: AED 46,200 a yearNew contract, April 2018: AED 53,000 a yearNew contract, July 2018: AED 50,000 a yearNew contract, August 2018: AED 54,000 a yearNew contract, January 2019: AED 41,000 a yearNew contract, July 2019: AED 41,000 a yearNew contract, December 2019: AED 36,000 a yearRenewal, July 2020: AED 40,000 a yearNew contract, August 2020: AED 32,000 a yearNew contract, September 2020: AED 31,000 a yearNew contract, February 2021: AED 28,000 a yearRenewal, July 2021: AED 35,000 a yearRenewal, September 2021: AED 31,000 a yearNew contract, October 2021: AED 30,000 a yearRenewal, September 2022: AED 31,000 a yearRenewal, September 2023: AED 35,650 a yearNew contract, October 2023: AED 45,000 a yearNew contract, October 2024: AED 52,000 a yearNew contract, November 2024: AED 50,000 a yearNew contract, April 2025: AED 43,650 a yearRenewal, November 2025: AED 50,000 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 708 sits

All 79 1-beds →

708 last sold in September 2022 at AED 442 per sqft, in line with what one-beds in Axis Residences 1 were fetching at the time (AED 444). 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. 708's AED 50,000 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
7021-bedAED 435K · Oct 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
1–7 of 9

708, Axis Residences 1 in numbers

  • Sold 7 times: first on 26 September 2013 for AED 442,390, last on 12 September 2022 for AED 415,000 (AED 442 per sqft).
  • Rented since March 2013 on 25 Ejari contracts. The rent fell from AED 36,000 to AED 28,000 in 2021 and recovered to AED 50,000 by November 2025.
  • At AED 50,000 a year the gross yield on the 2022 price is 12.0%, 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 15 November 2025.

Questions about 708, Axis Residences 1

What did unit 708 last sell for?

AED 415,000 on 12 September 2022: AED 442 per sqft for 856 sqft. The unit has 7 registered sales; the first was AED 442,390 in September 2013.

What is the rent for unit 708?

AED 50,000 a year on the contract renewed on 15 November 2025. The previous contract, from April 2025, was AED 43,650; the unit has been rented since March 2013.

How big is unit 708?

856 sqft (79.5 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2009.

What is unit 708 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 708, Axis Residences 1

Starts from the last sale price (AED 415K, 12 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 415,000
Deposit, UAE resident (20%)
AED 83,000
Deposit, non-resident (40%)
AED 166,000
Monthly over 25 years at 3.7%
AED 1,698

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