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1-bed · 755 sqftAxis Residences 2, Dubai Silicon Oasis · 2nd floor · completed 2014

215-A, Axis Residences 2

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

Unit 215-A · DLD and Ejari recordsUpdated 26 October 2019
Last soldAED 516K17 September 2017
Current rentAED 34K /yr26 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 215-A, Axis Residences 2

What is 215-A worth today?

Last sold for AED 516,056 in 2017

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26 Oct 2019RentedNew contract
AED 34,000/yr12 months · AED 45 per sqft
17 Sep 2017Sold by developerReady
AED 516,056AED 683 per sqft
25 Jun 2017RentedNew contract
AED 50,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 26 October 2019.

Key facts

Type
1-bed apartment
Size
755 sqft
Floor
2nd of 8
Parking
31
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,100 /yr
Last sold
AED 516K · September 2017
Building
Axis Residences 2

About 215-A, Axis Residences 2

215-A is a one-bedroom apartment of 755 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 17 September 2017 for AED 516,056, or AED 683 per sqft, in line with the AED 690 one-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 26 October 2019, is AED 34,000 a year: a gross yield of 6.6% on the 2017 price, before the service charge of about AED 8,100 a year.

Sales and rents for 215-A over time

Sales
Unit 215-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, September 2017: AED 516,056 (AED 683 per sqft)

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

Rents
Unit 215-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, June 2017: AED 50,000 a yearNew contract, October 2019: AED 34,000 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 215-A sits

All 268 1-beds →

215-A last sold in September 2017 at AED 683 per sqft, in line with what one-beds in Axis Residences 2 were fetching at the time (AED 690). 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. 215-A's AED 34,000 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

215-A, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 17 September 2017 for AED 516,056, or AED 683 per sqft.
  • Rented since June 2017 on 2 Ejari contracts, from AED 50,000 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2017 price is 6.6%, before a service charge of about AED 8,100 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 26 October 2019.

Questions about 215-A, Axis Residences 2

What did unit 215-A last sell for?

AED 516,056 on 17 September 2017, sold by the developer: AED 683 per sqft for 755 sqft. It is the only registered sale of the unit.

What is the rent for unit 215-A?

AED 34,000 a year on the contract signed on 26 October 2019. The previous contract, from June 2017, was AED 50,000.

How big is unit 215-A?

755 sqft (70.1 sqm): a one-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2014.

What is unit 215-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 215-A, Axis Residences 2

Starts from the last sale price (AED 516K, 17 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 516,056
Deposit, UAE resident (20%)
AED 103,211
Deposit, non-resident (40%)
AED 206,422
Monthly over 25 years at 3.7%
AED 2,111

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