1-bed · 800 sqftAxis Residences 2, Dubai Silicon Oasis · 1st floor · completed 2014

111-A, Axis Residences 2

Sold prices and rental history: sold once, by the developer in May 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 111-A · DLD and Ejari recordsUpdated 12 July 2017
Last soldAED 548K25 May 2015
Current rentAED 58K /yr12 July 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 111-A, Axis Residences 2

What is 111-A worth today?

Last sold for AED 547,695 in 2015

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12 Jul 2017RentedRenewal
AED 58,000/yr12 months · AED 73 per sqft
12 Jul 2016RentedRenewal
AED 60,000/yr12 months · AED 75 per sqft
12 Jul 2015RentedRenewal
AED 60,000/yr12 months · AED 75 per sqft
25 May 2015Sold by developerReady
AED 547,695AED 684 per sqft
12 Jul 2014RentedNew contract
AED 60,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 12 July 2017.

Key facts

Type
1-bed apartment
Size
800 sqft
Floor
1st of 8
Parking
11
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,600 /yr
Last sold
AED 548K · May 2015

About 111-A, Axis Residences 2

111-A is a one-bedroom apartment of 800 sqft on the 1st floor of Axis Residences 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Gulf General Investments Co. The developer sold it on 25 May 2015 for AED 547,695, or AED 684 per sqft, in line with the AED 695 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 12 July 2017, is AED 58,000 a year: a gross yield of 10.6% on the 2015 price, before the service charge of about AED 8,600 a year.

Sales and rents for 111-A over time

Sales
Unit 111-A, each saleTypical one-bed in Axis Residences 2
400K2013201720212025Typical sale price by year: 2013 AED 466,422; 2014 AED 530,524; 2015 AED 539,797; 2016 AED 547,955; 2017 AED 548,478; 2018 AED 532,169; 2019 AED 380,000; 2020 AED 338,500; 2021 AED 330,000; 2022 AED 325,000; 2023 AED 387,500; 2024 AED 450,000; 2025 AED 540,000; 2026 AED 537,500Sold by developer, May 2015: AED 547,695 (AED 684 per sqft)

111-A has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 111-A, each contractTypical one-bed in Axis Residences 2
40K60K2014201820222026Typical rent by year: 2014 AED 57,985; 2015 AED 59,000; 2016 AED 58,000; 2017 AED 53,000; 2018 AED 45,500; 2019 AED 38,000; 2020 AED 31,000; 2021 AED 28,000; 2022 AED 32,000; 2023 AED 36,800; 2024 AED 43,890; 2025 AED 47,000; 2026 AED 50,000New contract, July 2014: AED 60,000 a yearRenewal, July 2015: AED 60,000 a yearRenewal, July 2016: AED 60,000 a yearRenewal, July 2017: AED 58,000 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 2, and where 111-A sits

All 268 1-beds →

111-A last sold in May 2015 at AED 684 per sqft, in line with what one-beds in Axis Residences 2 were fetching at the time (AED 695). Over the last 12 months one-beds sold for AED 500,000 to 650,000, around AED 699 per sqft, and rent for AED 22,000 to 75,000 a year. 111-A's AED 58,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Oct 2026520,000
10 Jul 2026555,000
24 Jun 2026500,000
14 May 2026568,000
7 1-bed sales in the last 12 months

Axis Residences 2

Building

284 apartments, 1-bed to 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2014 by Gulf General Investments Co. 7 sold in the last 12 months.

Typical price per sqft
AED 699
Typical sale
AED 555K
Typical rent
AED 50K /yr
Typical yield
8.9%
Axis Residences 2, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 1st floor

All 284 units in Axis Residences 2
Value
101-A1-bedAED 581K · Oct 2015
101-B1-bedAED 587K · Sep 2016
102-A1-bedAED 591K · Sep 2016
102-B1-bedAED 596K · Aug 2017
103-A1-bedAED 602K · Sep 2016
103-B1-bedAED 602K · Sep 2016
104-A1-bedAED 320K · Sep 2020
1–7 of 29

111-A, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 25 May 2015 for AED 547,695, or AED 684 per sqft.
  • Rented since July 2014 on 4 Ejari contracts, from AED 60,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2015 price is 10.6%, before a service charge of about AED 8,600 a year (AED 10.71 per sqft).
  • One-beds in Axis Residences 2 sold for AED 500,000–650,000 in the 12 months to November 2026; the building's median across all types is AED 699 per sqft.

Source: Dubai Land Department. Updated 12 July 2017.

Questions about 111-A, Axis Residences 2

What did unit 111-A last sell for?

AED 547,695 on 25 May 2015, sold by the developer: AED 684 per sqft for 800 sqft. It is the only registered sale of the unit.

What is the rent for unit 111-A?

AED 58,000 a year on the contract renewed on 12 July 2017. The previous contract, from July 2016, was AED 60,000; the unit has been rented since July 2014.

How big is unit 111-A?

800 sqft (74.3 sqm): a one-bedroom apartment on the 1st floor of a 8-storey tower completed in 2014.

What is unit 111-A 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 2 sold for AED 500,000 to 650,000 in the last 12 months, around AED 699 per sqft.

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Mortgage on 111-A, Axis Residences 2

Starts from the last sale price (AED 548K, 25 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 547,695
Deposit, UAE resident (20%)
AED 109,539
Deposit, non-resident (40%)
AED 219,078
Monthly over 25 years at 3.7%
AED 2,241

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