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1-bed · 822 sqftAxis Residences 2, Dubai Silicon Oasis · 5th floor · completed 2014

506-B, Axis Residences 2

Sold prices and rental history: sold twice, last in January 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506-B · DLD and Ejari recordsUpdated 31 January 2022
Last soldAED 300K31 January 2022
Current rentAED 28K /yr1 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506-B, Axis Residences 2

What is 506-B worth today?

Last sold for AED 300,000 in 2022

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31 Jan 2022SoldReady
AED 300,000AED 365 per sqft
1 Jun 2021RentedNew contract
AED 28,000/yr12 months · AED 34 per sqft
1 Jun 2020RentedRenewal
AED 32,000/yr12 months · AED 39 per sqft
1 Jun 2019RentedRenewal
AED 40,000/yr12 months · AED 49 per sqft
1 Jun 2018RentedNew contract
AED 50,000/yr12 months · AED 61 per sqft
7 Nov 2017Sold by developerReady
AED 557,312AED 678 per sqft
1 Jun 2016RentedRenewal
AED 58,000/yr12 months · AED 71 per sqft
1 Jun 2015RentedNew contract
AED 58,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 31 January 2022.

Key facts

Type
1-bed apartment
Size
822 sqft
Floor
5th of 8
Parking
120
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,800 /yr
Last sold
AED 300K · January 2022
Building
Axis Residences 2

About 506-B, Axis Residences 2

506-B is a one-bedroom apartment of 822 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. It last sold on 31 January 2022 for AED 300,000, or AED 365 per sqft, 6% below the AED 388 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 1 June 2021, is AED 28,000 a year: a gross yield of 9.3% on the 2022 price, before the service charge of about AED 8,800 a year.

Sales and rents for 506-B over time

Sales
Unit 506-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, November 2017: AED 557,312 (AED 678 per sqft)Sold, January 2022: AED 300,000 (AED 365 per sqft)

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

Rents
Unit 506-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, June 2015: AED 58,000 a yearRenewal, June 2016: AED 58,000 a yearNew contract, June 2018: AED 50,000 a yearRenewal, June 2019: AED 40,000 a yearRenewal, June 2020: AED 32,000 a yearNew contract, June 2021: AED 28,000 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 506-B sits

All 268 1-beds →

506-B last sold in January 2022 at AED 365 per sqft, 6% below what one-beds in Axis Residences 2 were fetching at the time (AED 388). 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. 506-B's AED 28,000 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 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
503-B1-bedAED 569K · Sep 2017
504-A1-bedNo registered sale
1–7 of 37

506-B, Axis Residences 2 in numbers

  • Sold twice: first on 7 November 2017 for AED 557,312, last on 31 January 2022 for AED 300,000 (AED 365 per sqft).
  • Rented since June 2015 on 6 Ejari contracts, from AED 58,000 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2022 price is 9.3%, before a service charge of about AED 8,800 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 31 January 2022.

Questions about 506-B, Axis Residences 2

What did unit 506-B last sell for?

AED 300,000 on 31 January 2022: AED 365 per sqft for 822 sqft. The unit has 2 registered sales; the first was AED 557,312 in November 2017.

What is the rent for unit 506-B?

AED 28,000 a year on the contract signed on 1 June 2021. The previous contract, from June 2020, was AED 32,000; the unit has been rented since June 2015.

How big is unit 506-B?

822 sqft (76.4 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.

What is unit 506-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 506-B, Axis Residences 2

Starts from the last sale price (AED 300K, 31 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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