1-bed · 749 sqftAxis Residences 2, Dubai Silicon Oasis · 2nd floor · completed 2014

211-B, Axis Residences 2

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 211-B · DLD and Ejari recordsUpdated 12 September 2024
Last soldAED 425K30 May 2024
Current rentAED 41K /yr12 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 211-B, Axis Residences 2

What is 211-B worth today?

Last sold for AED 425,000 in 2024

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12 Sep 2024RentedRenewal
AED 40,700/yr12 months · AED 54 per sqft
12 Sep 2024RentedRenewal
AED 40,700/yr12 months · AED 54 per sqft
30 May 2024SoldReady
AED 425,000AED 567 per sqft
12 Sep 2022RentedNew contract
AED 35,000/yr12 months · AED 46 per sqft
12 Apr 2021RentedRenewal
AED 32,000/yr12 months · AED 42 per sqft
12 Apr 2020RentedRenewal
AED 40,000/yr12 months · AED 53 per sqft
12 Apr 2019RentedNew contract
AED 45,000/yr12 months · AED 60 per sqft
12 Feb 2018RentedNew contract
AED 48,000/yr12 months · AED 64 per sqft

Source: Dubai Land Department. Updated 12 September 2024.

Key facts

Type
1-bed apartment
Size
749 sqft
Floor
2nd of 8
Parking
78
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,000 /yr
Last sold
AED 425K · May 2024

About 211-B, Axis Residences 2

211-B is a one-bedroom apartment of 749 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 30 May 2024 for AED 425,000, or AED 567 per sqft, 8% above the AED 525 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 12 September 2024, is AED 40,700 a year: a gross yield of 9.6% on the 2024 price, before the service charge of about AED 8,000 a year.

Sales and rents for 211-B over time

Sales
Unit 211-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, June 2015: AED 508,145 (AED 678 per sqft)Sold, May 2024: AED 425,000 (AED 567 per sqft)

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

Rents
Unit 211-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, August 2014: AED 57,000 a yearNew contract, September 2015: AED 60,000 a yearNew contract, November 2016: AED 52,000 a yearNew contract, February 2018: AED 48,000 a yearNew contract, April 2019: AED 45,000 a yearRenewal, April 2020: AED 40,000 a yearRenewal, April 2021: AED 32,000 a yearNew contract, September 2022: AED 35,000 a yearRenewal, September 2024: AED 40,700 a yearRenewal, September 2024: AED 40,700 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 211-B sits

All 268 1-beds →

211-B last sold in May 2024 at AED 567 per sqft, 8% above what one-beds in Axis Residences 2 were fetching at the time (AED 525). 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. 211-B's AED 40,700 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

211-B, Axis Residences 2 in numbers

  • Sold twice: first on 16 June 2015 for AED 508,145, last on 30 May 2024 for AED 425,000 (AED 567 per sqft).
  • Rented since August 2014 on 10 Ejari contracts. The rent fell from AED 57,000 to AED 32,000 in 2021 and recovered to AED 40,700 by September 2024.
  • At AED 40,700 a year the gross yield on the 2024 price is 9.6%, before a service charge of about AED 8,000 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 September 2024.

Questions about 211-B, Axis Residences 2

What did unit 211-B last sell for?

AED 425,000 on 30 May 2024: AED 567 per sqft for 749 sqft. The unit has 2 registered sales; the first was AED 508,145 in June 2015.

What is the rent for unit 211-B?

AED 40,700 a year on the contract renewed on 12 September 2024. The previous contract, from September 2024, was AED 40,700; the unit has been rented since August 2014.

How big is unit 211-B?

749 sqft (69.6 sqm): a one-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2014.

What is unit 211-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.

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Mortgage on 211-B, Axis Residences 2

Starts from the last sale price (AED 425K, 30 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 425,000
Deposit, UAE resident (20%)
AED 85,000
Deposit, non-resident (40%)
AED 170,000
Monthly over 25 years at 3.7%
AED 1,739

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