1-bed · 822 sqftAxis Residences 2, Dubai Silicon Oasis · 2nd floor · completed 2014

205-B, Axis Residences 2

Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 205-B · DLD and Ejari recordsUpdated 29 May 2024
Last soldAED 534K9 March 2014
Current rentAED 32K /yr29 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 205-B, Axis Residences 2

What is 205-B worth today?

Last sold for AED 534,400 in 2014

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

29 May 2024RentedNew contract
AED 32,000/yr12 months · AED 39 per sqft
1 Jun 2023RentedRenewal
AED 32,000/yr12 months · AED 39 per sqft
1 Jun 2022RentedNew contract
AED 32,000/yr12 months · AED 39 per sqft
1 Nov 2020RentedNew contract
AED 36,000/yr12 months · AED 44 per sqft
1 Nov 2018RentedNew contract
AED 45,000/yr12 months · AED 55 per sqft
9 Mar 2014Sold by developerReady
AED 534,400AED 650 per sqft

Source: Dubai Land Department. Updated 29 May 2024.

Key facts

Type
1-bed apartment
Size
822 sqft
Floor
2nd of 8
Parking
84
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,800 /yr
Last sold
AED 534K · March 2014

About 205-B, Axis Residences 2

205-B is a one-bedroom apartment of 822 sqft on the 2nd 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 534,400, 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 2018 on 5 Ejari contracts. The current contract, signed on 29 May 2024, is AED 32,000 a year: a gross yield of 6.0% on the 2014 price, before the service charge of about AED 8,800 a year.

Sales and rents for 205-B over time

Sales
Unit 205-B, 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 534,400 (AED 650 per sqft)

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

Rents
Unit 205-B, 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, November 2018: AED 45,000 a yearNew contract, November 2020: AED 36,000 a yearNew contract, June 2022: AED 32,000 a yearRenewal, June 2023: AED 32,000 a yearNew contract, May 2024: AED 32,000 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 205-B sits

All 268 1-beds →

205-B 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. 205-B's AED 32,000 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 2nd floor

All 284 units in Axis Residences 2
Value
201-A1-bedAED 670K · Mar 2017
201-B1-bedAED 750K · Oct 2015
202-A1-bedAED 720K · Aug 2014
202-B1-bedAED 580K · Feb 2017
203-A1-bedNo registered sale
203-B1-bedAED 380K · Jun 2020
204-A1-bedAED 534K · Dec 2017
1–7 of 31

205-B, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 9 March 2014 for AED 534,400, or AED 650 per sqft.
  • Rented since November 2018 on 5 Ejari contracts, from AED 45,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2014 price is 6.0%, before a service charge of about AED 8,800 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 29 May 2024.

Questions about 205-B, Axis Residences 2

What did unit 205-B last sell for?

AED 534,400 on 9 March 2014, sold by the developer: AED 650 per sqft for 822 sqft. It is the only registered sale of the unit.

What is the rent for unit 205-B?

AED 32,000 a year on the contract signed on 29 May 2024. The previous contract, from June 2023, was AED 32,000; the unit has been rented since November 2018.

How big is unit 205-B?

822 sqft (76.4 sqm): a one-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2014.

What is unit 205-B 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.

Selling 205-B? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 205-B, Axis Residences 2

Starts from the last sale price (AED 534K, 9 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 534,400
Deposit, UAE resident (20%)
AED 106,880
Deposit, non-resident (40%)
AED 213,760
Monthly over 25 years at 3.7%
AED 2,186

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