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1-bed · 793 sqftAxis Residences 2, Dubai Silicon Oasis · 3rd floor · completed 2014

308-A, Axis Residences 2

Sold prices and rental history: sold once, by the developer in July 2015, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308-A · DLD and Ejari recordsUpdated 1 October 2022
Last soldAED 1.36M27 July 2015
Current rentAED 36K /yr1 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308-A, Axis Residences 2

What is 308-A worth today?

Last sold for AED 1,360,000 in 2015

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1 Oct 2022RentedNew contract
AED 36,000/yr12 months · AED 45 per sqft
28 Dec 2020RentedNew contract
AED 29,000/yr12 months · AED 37 per sqft
27 Jul 2015Sold by developerReady
AED 1,360,000AED 1,714 per sqft

Source: Dubai Land Department. Updated 1 October 2022.

Key facts

Type
1-bed apartment
Size
793 sqft
Floor
3rd of 8
Parking
41
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,500 /yr
Last sold
AED 1.36M · July 2015
Building
Axis Residences 2

About 308-A, Axis Residences 2

308-A is a one-bedroom apartment of 793 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 27 July 2015 for AED 1,360,000, or AED 1,714 per sqft, 147% above the AED 695 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 October 2022, is AED 36,000 a year: a gross yield of 2.6% on the 2015 price, before the service charge of about AED 8,500 a year.

Sales and rents for 308-A over time

Sales
Unit 308-A, each saleTypical one-bed in Axis Residences 2
500K1M1.5M2013201720212025Typical 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, July 2015: AED 1,360,000 (AED 1,714 per sqft)

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

Rents
Unit 308-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, December 2020: AED 29,000 a yearNew contract, October 2022: AED 36,000 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 308-A sits

All 268 1-beds →

308-A last sold in July 2015 at AED 1,714 per sqft, 147% above what one-beds in Axis Residences 2 were fetching at the time (AED 695). 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. 308-A's AED 36,000 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-A1-bedAED 622K · Sep 2015
303-B1-bedAED 520K · Apr 2025
304-A1-bedAED 400K · Jan 2024
1–7 of 31

308-A, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 27 July 2015 for AED 1,360,000, or AED 1,714 per sqft.
  • Rented since December 2020 on 2 Ejari contracts, from AED 29,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2015 price is 2.6%, 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 2022.

Questions about 308-A, Axis Residences 2

What did unit 308-A last sell for?

AED 1,360,000 on 27 July 2015, sold by the developer: AED 1,714 per sqft for 793 sqft. It is the only registered sale of the unit.

What is the rent for unit 308-A?

AED 36,000 a year on the contract signed on 1 October 2022. The previous contract, from December 2020, was AED 29,000.

How big is unit 308-A?

793 sqft (73.7 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2014.

What is unit 308-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 308-A, Axis Residences 2

Starts from the last sale price (AED 1.36M, 27 July 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,360,000
Deposit, UAE resident (20%)
AED 272,000
Deposit, non-resident (40%)
AED 544,000
Monthly over 25 years at 3.7%
AED 5,564

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