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

508-A, Axis Residences 2

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

Unit 508-A · DLD and Ejari recordsUpdated 2 June 2026
Last soldAED 563K7 November 2017
Current rentAED 50K /yr2 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508-A, Axis Residences 2

What is 508-A worth today?

Last sold for AED 562,810 in 2017

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2 Jun 2026RentedRenewal
AED 49,500/yr12 months · AED 60 per sqft
2 Jun 2025RentedRenewal
AED 48,500/yr12 months · AED 59 per sqft
2 Jun 2024RentedNew contract
AED 48,500/yr12 months · AED 59 per sqft
28 Feb 2024RentedNew contract
AED 45,000/yr12 months · AED 55 per sqft
2 Feb 2023RentedNew contract
AED 38,000/yr12 months · AED 46 per sqft
25 Jan 2022RentedRenewal
AED 30,000/yr12 months · AED 36 per sqft
25 Jan 2021RentedNew contract
AED 27,000/yr12 months · AED 33 per sqft
1 Nov 2019RentedNew contract
AED 34,000/yr12 months · AED 41 per sqft

Source: Dubai Land Department. Updated 2 June 2026.

Key facts

Type
1-bed apartment
Size
822 sqft
Floor
5th of 8
Parking
169
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,800 /yr
Last sold
AED 563K · November 2017
Building
Axis Residences 2

About 508-A, Axis Residences 2

508-A 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. The developer sold it on 7 November 2017 for AED 562,810, or AED 684 per sqft, in line with the AED 693 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 13 Ejari contracts. The current contract, renewed on 2 June 2026, is AED 49,500 a year: a gross yield of 8.8% on the 2017 price, before the service charge of about AED 8,800 a year.

Sales and rents for 508-A over time

Sales
Unit 508-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, November 2017: AED 562,810 (AED 684 per sqft)

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

Rents
Unit 508-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, July 2014: AED 58,000 a yearNew contract, March 2015: AED 61,000 a yearRenewal, March 2016: AED 61,000 a yearRenewal, March 2017: AED 57,000 a yearNew contract, October 2018: AED 42,000 a yearNew contract, November 2019: AED 34,000 a yearNew contract, January 2021: AED 27,000 a yearRenewal, January 2022: AED 30,000 a yearNew contract, February 2023: AED 38,000 a yearNew contract, February 2024: AED 45,000 a yearNew contract, June 2024: AED 48,500 a yearRenewal, June 2025: AED 48,500 a yearRenewal, June 2026: AED 49,500 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 508-A sits

All 268 1-beds →

508-A last sold in November 2017 at AED 684 per sqft, in line with what one-beds in Axis Residences 2 were fetching at the time (AED 693). 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. 508-A's AED 49,500 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
503-B1-bedAED 569K · Sep 2017
504-A1-bedNo registered sale
1–7 of 37

508-A, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 7 November 2017 for AED 562,810, or AED 684 per sqft.
  • Rented since July 2014 on 13 Ejari contracts. The rent fell from AED 58,000 to AED 27,000 in 2021 and recovered to AED 49,500 by June 2026.
  • At AED 49,500 a year the gross yield on the 2017 price is 8.8%, 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 2 June 2026.

Questions about 508-A, Axis Residences 2

What did unit 508-A last sell for?

AED 562,810 on 7 November 2017, sold by the developer: AED 684 per sqft for 822 sqft. It is the only registered sale of the unit.

What is the rent for unit 508-A?

AED 49,500 a year on the contract renewed on 2 June 2026. The previous contract, from June 2025, was AED 48,500; the unit has been rented since July 2014.

How big is unit 508-A?

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

What is unit 508-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 508-A, Axis Residences 2

Starts from the last sale price (AED 563K, 7 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 562,810
Deposit, UAE resident (20%)
AED 112,562
Deposit, non-resident (40%)
AED 225,124
Monthly over 25 years at 3.7%
AED 2,303

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