1-bed · 913 sqftAxis Residences 2, Dubai Silicon Oasis · 3rd floor · completed 2014

303-A, Axis Residences 2

Sold prices and rental history: sold once, by the developer in September 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303-A · DLD and Ejari recordsUpdated 3 January 2024
Last soldAED 622K14 September 2015
Current rentAED 42K /yr3 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303-A, Axis Residences 2

What is 303-A worth today?

Last sold for AED 621,891 in 2015

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3 Jan 2024RentedNew contract
AED 42,000/yr12 months · AED 46 per sqft
23 Dec 2022RentedNew contract
AED 37,000/yr12 months · AED 40 per sqft
1 Sep 2022RentedRenewal
AED 35,000/yr12 months · AED 38 per sqft
1 Sep 2020RentedRenewal
AED 31,000/yr12 months · AED 34 per sqft
1 Sep 2019RentedRenewal
AED 39,000/yr12 months · AED 43 per sqft
1 Sep 2018RentedNew contract
AED 44,000/yr12 months · AED 48 per sqft
20 Jun 2016RentedNew contract
AED 60,000/yr12 months · AED 66 per sqft
14 Sep 2015Sold by developerReady
AED 621,891AED 681 per sqft

Source: Dubai Land Department. Updated 3 January 2024.

Key facts

Type
1-bed apartment
Size
913 sqft
Floor
3rd of 8
Parking
36
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 9,800 /yr
Last sold
AED 622K · September 2015

About 303-A, Axis Residences 2

303-A is a one-bedroom apartment of 913 sqft on the 3rd 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 14 September 2015 for AED 621,891, or AED 681 per sqft, in line with the AED 687 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 3 January 2024, is AED 42,000 a year: a gross yield of 6.8% on the 2015 price, before the service charge of about AED 9,800 a year.

Sales and rents for 303-A over time

Sales
Unit 303-A, each saleTypical one-bed in Axis Residences 2
400K600K2013201720212025Typical 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 2015: AED 621,891 (AED 681 per sqft)

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

Rents
Unit 303-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, May 2014: AED 70,000 a yearNew contract, June 2016: AED 60,000 a yearNew contract, September 2018: AED 44,000 a yearRenewal, September 2019: AED 39,000 a yearRenewal, September 2020: AED 31,000 a yearRenewal, September 2022: AED 35,000 a yearNew contract, December 2022: AED 37,000 a yearNew contract, January 2024: AED 42,000 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 303-A sits

All 268 1-beds →

303-A last sold in September 2015 at AED 681 per sqft, in line with what one-beds in Axis Residences 2 were fetching at the time (AED 687). 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. 303-A's AED 42,000 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 3rd floor

All 284 units in Axis Residences 2
Value
301-A1-bedAED 754K · Aug 2017
301-B1-bedAED 754K · Sep 2017
302-A1-bedAED 800K · Oct 2015
302-B1-bedAED 592K · Aug 2016
303-B1-bedAED 520K · Apr 2025
304-A1-bedAED 400K · Jan 2024
304-B1-bedAED 610K · Feb 2017
1–7 of 31

303-A, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 14 September 2015 for AED 621,891, or AED 681 per sqft.
  • Rented since May 2014 on 8 Ejari contracts. The rent fell from AED 70,000 to AED 31,000 in 2020 and recovered to AED 42,000 by January 2024.
  • At AED 42,000 a year the gross yield on the 2015 price is 6.8%, before a service charge of about AED 9,800 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 3 January 2024.

Questions about 303-A, Axis Residences 2

What did unit 303-A last sell for?

AED 621,891 on 14 September 2015, sold by the developer: AED 681 per sqft for 913 sqft. It is the only registered sale of the unit.

What is the rent for unit 303-A?

AED 42,000 a year on the contract signed on 3 January 2024. The previous contract, from December 2022, was AED 37,000; the unit has been rented since May 2014.

How big is unit 303-A?

913 sqft (84.8 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2014.

What is unit 303-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 303-A, Axis Residences 2

Starts from the last sale price (AED 622K, 14 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 621,891
Deposit, UAE resident (20%)
AED 124,378
Deposit, non-resident (40%)
AED 248,756
Monthly over 25 years at 3.7%
AED 2,544

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