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2-bed · 1,046 sqftAxis Residences 2, Dubai Silicon Oasis · 1st floor · completed 2014

115-A, Axis Residences 2

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

Unit 115-A · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 635K5 April 2023
Current rentAED 68K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 115-A, Axis Residences 2

What is 115-A worth today?

Last sold for AED 635,000 in 2023

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1 Sep 2024RentedNew contract
AED 68,000/yr12 months · AED 65 per sqft
1 Aug 2023RentedNew contract
AED 62,000/yr12 months · AED 59 per sqft
5 Apr 2023SoldReady
AED 635,000AED 606 per sqft
29 Oct 2015Sold by developerReady
AED 770,027AED 735 per sqft
1 Mar 2013RentedNew contract
AED 39,645/yr48 months · AED 38 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed apartment
Size
1,046 sqft
Floor
1st of 8
Parking
15,16
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 11,200 /yr
Last sold
AED 635K · April 2023
Building
Axis Residences 2

About 115-A, Axis Residences 2

115-A is a two-bedroom apartment of 1,046 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. It last sold on 5 April 2023 for AED 635,000, or AED 606 per sqft.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 September 2024, is AED 68,000 a year: a gross yield of 10.7% on the 2023 price, before the service charge of about AED 11,200 a year.

Sales and rents for 115-A over time

Rents
Unit 115-A, each contractTypical two-bed in Axis Residences 2
40K60K80K2013201720212025Typical rent by year: 2014 AED 80,000; 2015 AED 74,062; 2016 AED 80,000; 2017 AED 72,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 39,000; 2023 AED 50,000; 2024 AED 60,000; 2025 AED 64,000; 2026 AED 70,000New contract, March 2013: AED 39,645 a yearNew contract, August 2023: AED 62,000 a yearNew contract, September 2024: AED 68,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Axis Residences 2, and where 115-A sits

All 16 2-beds →

115-A's AED 68,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Sep 2025825,000
9 Jul 2024670,000
17 May 2024850,000
12 Sep 2023230,000
0 2-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

115-A, Axis Residences 2 in numbers

  • Sold twice: first on 29 October 2015 for AED 770,027, last on 5 April 2023 for AED 635,000 (AED 606 per sqft).
  • Rented since March 2013 on 3 Ejari contracts, from AED 39,645 to AED 68,000 a year.
  • At AED 68,000 a year the gross yield on the 2023 price is 10.7%, before a service charge of about AED 11,200 a year (AED 10.71 per sqft).

Source: Dubai Land Department. Updated 1 September 2024.

Questions about 115-A, Axis Residences 2

What did unit 115-A last sell for?

AED 635,000 on 5 April 2023: AED 606 per sqft for 1,046 sqft. The unit has 2 registered sales; the first was AED 770,027 in October 2015.

What is the rent for unit 115-A?

AED 68,000 a year on the contract signed on 1 September 2024. The previous contract, from August 2023, was AED 62,000; the unit has been rented since March 2013.

How big is unit 115-A?

1,046 sqft (97.2 sqm): a two-bedroom apartment on the 1st floor of a 8-storey tower completed in 2014.

What is unit 115-A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 115-A, Axis Residences 2

Starts from the last sale price (AED 635K, 5 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 635,000
Deposit, UAE resident (20%)
AED 127,000
Deposit, non-resident (40%)
AED 254,000
Monthly over 25 years at 3.7%
AED 2,598

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