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1-bed · 791 sqftAxis Residences 2, Dubai Silicon Oasis · 4th floor · completed 2014

405-B, Axis Residences 2

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405-B · DLD and Ejari recordsUpdated 11 May 2023
Last soldAED 591K18 October 2015
Current rentAED 34K /yr11 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 405-B, Axis Residences 2

What is 405-B worth today?

Last sold for AED 591,162 in 2015

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11 May 2023RentedRenewal
AED 34,000/yr12 months · AED 43 per sqft
11 May 2022RentedRenewal
AED 30,000/yr12 months · AED 38 per sqft
11 Apr 2021RentedNew contract
AED 30,000/yr13 months · AED 38 per sqft
10 Jan 2020RentedNew contract
AED 38,000/yr12 months · AED 48 per sqft
5 Oct 2018RentedNew contract
AED 43,500/yr12 months · AED 55 per sqft
20 Nov 2017RentedNew contract
AED 52,000/yr12 months · AED 66 per sqft
18 Oct 2015Sold by developerReady
AED 591,162AED 747 per sqft

Source: Dubai Land Department. Updated 11 May 2023.

Key facts

Type
1-bed apartment
Size
791 sqft
Floor
4th of 8
Parking
141
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,500 /yr
Last sold
AED 591K · October 2015
Building
Axis Residences 2

About 405-B, Axis Residences 2

405-B is a one-bedroom apartment of 791 sqft on the 4th 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 18 October 2015 for AED 591,162, or AED 747 per sqft, 9% above the AED 685 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 11 May 2023, is AED 34,000 a year: a gross yield of 5.8% on the 2015 price, before the service charge of about AED 8,500 a year.

Sales and rents for 405-B over time

Sales
Unit 405-B, 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, October 2015: AED 591,162 (AED 747 per sqft)

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

Rents
Unit 405-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, November 2017: AED 52,000 a yearNew contract, October 2018: AED 43,500 a yearNew contract, January 2020: AED 38,000 a yearNew contract, April 2021: AED 30,000 a yearRenewal, May 2022: AED 30,000 a yearRenewal, May 2023: 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 405-B sits

All 268 1-beds →

405-B last sold in October 2015 at AED 747 per sqft, 9% above what one-beds in Axis Residences 2 were fetching at the time (AED 685). 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. 405-B'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 4th floor

All 284 units in Axis Residences 2
Value
401-A1-bedAED 585K · Nov 2025
401-B1-bedAED 557K · Oct 2015
402-A1-bedAED 564K · Sep 2015
402-B1-bedAED 547K · Oct 2015
403-A1-bedAED 527K · Dec 2017
403-B1-bedAED 375K · Oct 2019
404-A1-bedAED 566K · Jul 2015
1–7 of 37

405-B, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 18 October 2015 for AED 591,162, or AED 747 per sqft.
  • Rented since November 2017 on 6 Ejari contracts. The rent fell from AED 52,000 to AED 30,000 in 2022 and recovered to AED 34,000 by May 2023.
  • At AED 34,000 a year the gross yield on the 2015 price is 5.8%, 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 11 May 2023.

Questions about 405-B, Axis Residences 2

What did unit 405-B last sell for?

AED 591,162 on 18 October 2015, sold by the developer: AED 747 per sqft for 791 sqft. It is the only registered sale of the unit.

What is the rent for unit 405-B?

AED 34,000 a year on the contract renewed on 11 May 2023. The previous contract, from May 2022, was AED 30,000; the unit has been rented since November 2017.

How big is unit 405-B?

791 sqft (73.5 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2014.

What is unit 405-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 405-B, Axis Residences 2

Starts from the last sale price (AED 591K, 18 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 591,162
Deposit, UAE resident (20%)
AED 118,232
Deposit, non-resident (40%)
AED 236,465
Monthly over 25 years at 3.7%
AED 2,419

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