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1-bed · 793 sqftAxis Residences 2, Dubai Silicon Oasis · 2nd floor · completed 2014

208-A, Axis Residences 2

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

Unit 208-A · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 422K12 September 2023
Current rentAED 40K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 208-A, Axis Residences 2

What is 208-A worth today?

Last sold for AED 421,733 in 2023

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1 Oct 2023RentedNew contract
AED 40,000/yr12 months · AED 50 per sqft
12 Sep 2023SoldReady
AED 421,733AED 531 per sqft
26 Dec 2017Sold by developerReady
AED 537,748AED 678 per sqft

Source: Dubai Land Department. Updated 1 October 2023.

Key facts

Type
1-bed apartment
Size
793 sqft
Floor
2nd of 8
Parking
24
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,500 /yr
Last sold
AED 422K · September 2023
Building
Axis Residences 2

About 208-A, Axis Residences 2

208-A is a one-bedroom apartment of 793 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. It last sold on 12 September 2023 for AED 421,733, or AED 531 per sqft, 13% above the AED 468 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2023. The current contract, signed on 1 October 2023, is AED 40,000 a year: a gross yield of 9.5% on the 2023 price, before the service charge of about AED 8,500 a year.

Sales and rents for 208-A over time

Sales
Unit 208-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, December 2017: AED 537,748 (AED 678 per sqft)Sold, September 2023: AED 421,733 (AED 531 per sqft)

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

Rents
Unit 208-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, October 2023: AED 40,000 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 208-A sits

All 268 1-beds →

208-A last sold in September 2023 at AED 531 per sqft, 13% above what one-beds in Axis Residences 2 were fetching at the time (AED 468). 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. 208-A's AED 40,000 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

208-A, Axis Residences 2 in numbers

  • Sold twice: first on 26 December 2017 for AED 537,748, last on 12 September 2023 for AED 421,733 (AED 531 per sqft).
  • Rented since October 2023 on one Ejari contract, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2023 price is 9.5%, before a service charge of about AED 8,500 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 October 2023.

Questions about 208-A, Axis Residences 2

What did unit 208-A last sell for?

AED 421,733 on 12 September 2023: AED 531 per sqft for 793 sqft. The unit has 2 registered sales; the first was AED 537,748 in December 2017.

What is the rent for unit 208-A?

AED 40,000 a year on the contract signed on 1 October 2023.

How big is unit 208-A?

793 sqft (73.7 sqm): a one-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2014.

What is unit 208-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 208-A, Axis Residences 2

Starts from the last sale price (AED 422K, 12 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 421,733
Deposit, UAE resident (20%)
AED 84,347
Deposit, non-resident (40%)
AED 168,693
Monthly over 25 years at 3.7%
AED 1,725

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