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1-bed · 853 sqftAxis Residences 2, Dubai Silicon Oasis · 5th floor · completed 2014

503-B, Axis Residences 2

Sold prices and rental history: sold once, by the developer in September 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503-B · DLD and Ejari recordsUpdated 15 January 2025
Last soldAED 569K17 September 2017
Current rentAED 53K /yr15 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503-B, Axis Residences 2

What is 503-B worth today?

Last sold for AED 568,928 in 2017

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15 Jan 2025RentedNew contract
AED 53,000/yr12 months · AED 62 per sqft
1 Oct 2024RentedNew contract
AED 50,000/yr12 months · AED 59 per sqft
20 Dec 2022RentedRenewal
AED 29,700/yr12 months · AED 35 per sqft
20 Dec 2021RentedRenewal
AED 27,000/yr12 months · AED 32 per sqft
20 Dec 2020RentedNew contract
AED 27,000/yr12 months · AED 32 per sqft
17 Sep 2017Sold by developerReady
AED 568,928AED 667 per sqft
6 Apr 2016RentedNew contract
AED 58,000/yr12 months · AED 68 per sqft
22 Jul 2014RentedNew contract
AED 60,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 15 January 2025.

Key facts

Type
1-bed apartment
Size
853 sqft
Floor
5th of 8
Parking
123
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 9,100 /yr
Last sold
AED 569K · September 2017
Building
Axis Residences 2

About 503-B, Axis Residences 2

503-B is a one-bedroom apartment of 853 sqft on the 5th 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 568,928, or AED 667 per sqft, 3% below the AED 690 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 15 January 2025, is AED 53,000 a year: a gross yield of 9.3% on the 2017 price, before the service charge of about AED 9,100 a year.

Sales and rents for 503-B over time

Sales
Unit 503-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, September 2017: AED 568,928 (AED 667 per sqft)

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

Rents
Unit 503-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, July 2014: AED 60,000 a yearNew contract, April 2016: AED 58,000 a yearNew contract, December 2020: AED 27,000 a yearRenewal, December 2021: AED 27,000 a yearRenewal, December 2022: AED 29,700 a yearNew contract, October 2024: AED 50,000 a yearNew contract, January 2025: AED 53,000 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 503-B sits

All 268 1-beds →

503-B last sold in September 2017 at AED 667 per sqft, 3% below 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. 503-B's AED 53,000 is in the upper 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 5th floor

All 284 units in Axis Residences 2
Value
501-A1-bedAED 580K · Sep 2016
501-B1-bedAED 573K · Nov 2017
502-A1-bedAED 550K · Sep 2016
502-B1-bedAED 544K · Sep 2017
503-A1-bedAED 575K · Sep 2016
504-A1-bedNo registered sale
504-B1-bedAED 400K · Jan 2024
1–7 of 37

503-B, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 17 September 2017 for AED 568,928, or AED 667 per sqft.
  • Rented since July 2014 on 7 Ejari contracts. The rent fell from AED 60,000 to AED 27,000 in 2021 and recovered to AED 53,000 by January 2025.
  • At AED 53,000 a year the gross yield on the 2017 price is 9.3%, before a service charge of about AED 9,100 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 15 January 2025.

Questions about 503-B, Axis Residences 2

What did unit 503-B last sell for?

AED 568,928 on 17 September 2017, sold by the developer: AED 667 per sqft for 853 sqft. It is the only registered sale of the unit.

What is the rent for unit 503-B?

AED 53,000 a year on the contract signed on 15 January 2025. The previous contract, from October 2024, was AED 50,000; the unit has been rented since July 2014.

How big is unit 503-B?

853 sqft (79.2 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.

What is unit 503-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 503-B, Axis Residences 2

Starts from the last sale price (AED 569K, 17 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 568,928
Deposit, UAE resident (20%)
AED 113,786
Deposit, non-resident (40%)
AED 227,571
Monthly over 25 years at 3.7%
AED 2,328

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