1-bed · 773 sqftAxis Residences 2, Dubai Silicon Oasis · 1st floor · completed 2014

113-A, Axis Residences 2

Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 113-A · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 502K9 March 2014
Current rentAED 33K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 113-A, Axis Residences 2

What is 113-A worth today?

Last sold for AED 502,426 in 2014

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1 May 2024RentedNew contract
AED 33,000/yr12 months · AED 43 per sqft
5 Jun 2023RentedRenewal
AED 33,000/yr12 months · AED 43 per sqft
5 Jun 2022RentedNew contract
AED 30,000/yr12 months · AED 39 per sqft
1 Dec 2017RentedNew contract
AED 48,000/yr12 months · AED 62 per sqft
9 Mar 2014Sold by developerReady
AED 502,426AED 650 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
1-bed apartment
Size
773 sqft
Floor
1st of 8
Parking
13
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,300 /yr
Last sold
AED 502K · March 2014

About 113-A, Axis Residences 2

113-A is a one-bedroom apartment of 773 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 9 March 2014 for AED 502,426, or AED 650 per sqft, 8% above the AED 600 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 1 May 2024, is AED 33,000 a year: a gross yield of 6.6% on the 2014 price, before the service charge of about AED 8,300 a year.

Sales and rents for 113-A over time

Sales
Unit 113-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, March 2014: AED 502,426 (AED 650 per sqft)

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

Rents
Unit 113-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, December 2017: AED 48,000 a yearNew contract, June 2022: AED 30,000 a yearRenewal, June 2023: AED 33,000 a yearNew contract, May 2024: AED 33,000 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 113-A sits

All 268 1-beds →

113-A last sold in March 2014 at AED 650 per sqft, 8% above what one-beds in Axis Residences 2 were fetching at the time (AED 600). 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. 113-A's AED 33,000 is in the lower 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

113-A, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 9 March 2014 for AED 502,426, or AED 650 per sqft.
  • Rented since December 2017 on 4 Ejari contracts, from AED 48,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2014 price is 6.6%, before a service charge of about AED 8,300 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 1 May 2024.

Questions about 113-A, Axis Residences 2

What did unit 113-A last sell for?

AED 502,426 on 9 March 2014, sold by the developer: AED 650 per sqft for 773 sqft. It is the only registered sale of the unit.

What is the rent for unit 113-A?

AED 33,000 a year on the contract signed on 1 May 2024. The previous contract, from June 2023, was AED 33,000; the unit has been rented since December 2017.

How big is unit 113-A?

773 sqft (71.8 sqm): a one-bedroom apartment on the 1st floor of a 8-storey tower completed in 2014.

What is unit 113-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 113-A, Axis Residences 2

Starts from the last sale price (AED 502K, 9 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 502,426
Deposit, UAE resident (20%)
AED 100,485
Deposit, non-resident (40%)
AED 200,970
Monthly over 25 years at 3.7%
AED 2,056

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