509-A, Axis Residences 2
Sold prices and rental history: sold twice, last in February 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509-A, Axis Residences 2
What is 509-A worth today?
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Source: Dubai Land Department. Updated 22 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 794 sqft
- Floor
- 5th of 8
- Parking
- 170
- Developer
- Gulf General Investments Co
- Completed
- 2014
- Service charge
- AED 8,500 /yr
- Last sold
- AED 495K · February 2019
- Building
- Axis Residences 2
About 509-A, Axis Residences 2
509-A is a one-bedroom apartment of 794 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 17 February 2019 for AED 495,000, or AED 623 per sqft, 8% below the AED 680 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 22 February 2024, is AED 36,750 a year: a gross yield of 7.4% on the 2019 price, before the service charge of about AED 8,500 a year.
Sales and rents for 509-A over time
509-A has sold twice; the dashed line is the one-bed median of each year in the building.
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 509-A sits
All 268 1-beds →509-A last sold in February 2019 at AED 623 per sqft, 8% below what one-beds in Axis Residences 2 were fetching at the time (AED 680). 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. 509-A's AED 36,750 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 770 sqft | 520,000 | 675 | ||
| 10 Jul 202610 July 2026 | 793 sqft | 555,000 | 699 | ||
| 24 Jun 202624 June 2026 | 800 sqft | 500,000 | 625 | ||
| 14 May 202614 May 2026 | 773 sqft | 568,000 | 734 |
Axis Residences 2
Building284 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%
Other units on the 5th floor
All 284 units in Axis Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501-A | 1-bed | 843 sqft | AED 580KAED 579,530 · Sep 2016September 2016 | 44,625 /yr | |
| 501-B | 1-bed | 843 sqft | AED 573KAED 573,161 · Nov 2017November 2017 | 50,000 /yr | |
| 502-A | 1-bed | 758 sqft | AED 550KAED 550,373 · Sep 2016September 2016 | 41,000 /yr | |
| 502-B | 1-bed | 758 sqft | AED 544KAED 544,325 · Sep 2017September 2017 | 46,305 /yr | |
| 503-A | 1-bed | 853 sqft | AED 575KAED 575,249 · Sep 2016September 2016 | 42,680 /yr | |
| 503-B | 1-bed | 853 sqft | AED 569KAED 568,928 · Sep 2017September 2017 | 53,000 /yr | |
| 504-A | 1-bed | 770 sqft | No registered sale | 30,000 /yr | |
| 504-B | 1-bed | 770 sqft | AED 400KAED 400,000 · Jan 2024January 2024 | 50,000 /yr | |
| 505-A | 1-bed | 791 sqft | AED 587KAED 586,863 · Sep 2016September 2016 | 41,475 /yr | |
| 505-B | 1-bed | 791 sqft | AED 587KAED 586,862 · Sep 2016September 2016 | 44,000 /yr | |
| 506-A | 1-bed | 822 sqft | AED 564KAED 563,505 · Sep 2016September 2016 | 40,425 /yr | |
| 506-B | 1-bed | 822 sqft | AED 300KAED 300,000 · Jan 2022January 2022 | 28,000 /yr | |
| 507-A | 1-bed | 802 sqft | AED 440KAED 440,000 · Jan 2024January 2024 | 55,000 /yr | |
| 507-B | 1-bed | 802 sqft | AED 549KAED 548,637 · Sep 2016September 2016 | 40,315 /yr | |
| 508-A | 1-bed | 822 sqft | AED 563KAED 562,810 · Nov 2017November 2017 | 49,500 /yr | |
| 508-B | 1-bed | 822 sqft | AED 346KAED 346,000 · Feb 2022February 2022 | 55,000 /yr | |
| 509-B | 1-bed | 794 sqft | AED 543KAED 543,281 · Sep 2016September 2016 | 10,000 /yr | |
| 510-A | 1-bed | 846 sqft | AED 537KAED 536,709 · Sep 2015September 2015 | 44,629 /yr | |
| 510-B | 1-bed | 846 sqft | No registered sale | 63,000 /yr | |
| 511-A | 1-bed | 793 sqft | AED 555KAED 555,000 · Jul 2026July 2026 | 57,000 /yr | |
| 511-B | 1-bed | 793 sqft | AED 543KAED 542,648 · Sep 2016September 2016 | 41,000 /yr | |
| 512-A | 1-bed | 750 sqft | No registered sale | 30,000 /yr | |
| 512-B | 1-bed | 750 sqft | No registered sale | 30,000 /yr | |
| 513-A | 1-bed | 793 sqft | AED 385KAED 385,000 · Mar 2023March 2023 | 50,000 /yr | |
| 513-B | 1-bed | 793 sqft | AED 530KAED 530,000 · May 2017May 2017 | 52,000 /yr | |
| 514-A | 1-bed | 749 sqft | AED 490KAED 490,000 · Apr 2025April 2025 | 64,000 /yr | |
| 514-B | 1-bed | 749 sqft | AED 514KAED 513,791 · Sep 2016September 2016 | 38,000 /yr | |
| 515-A | 1-bed | 800 sqft | AED 569KAED 568,792 · Aug 2017August 2017 | 52,000 /yr | |
| 515-B | 1-bed | 800 sqft | AED 385KAED 385,000 · Jul 2023July 2023 | 48,000 /yr | |
| 516-A | 1-bed | 769 sqft | AED 530KAED 530,000 · Aug 2025August 2025 | 54,000 /yr | |
| 516-B | 1-bed | 769 sqft | AED 529KAED 528,616 · Sep 2015September 2015 | 49,000 /yr | |
| 517-A | 1-bed | 773 sqft | AED 322KAED 322,000 · Sep 2020September 2020 | 55,000 /yr | |
| 517-B | 1-bed | 773 sqft | AED 315KAED 315,000 · Mar 2022March 2022 | 56,000 /yr | |
| 518-A | 1-bed | 755 sqft | No registered sale | 52,000 /yr | |
| 518-B | 1-bed | 755 sqft | AED 320KAED 320,000 · Aug 2020August 2020 | 46,500 /yr | |
| 519-A | 2-bed | 1,047 sqft | AED 733KAED 732,831 · Jul 2015July 2015 | 72,000 /yr | |
| 519-B | 2-bed | 1,047 sqft | AED 733KAED 732,831 · May 2018May 2018 | 50,000 /yr |
509-A, Axis Residences 2 in numbers
- Sold twice: first on 7 June 2015 for AED 557,211, last on 17 February 2019 for AED 495,000 (AED 623 per sqft).
- Rented since June 2014 on 8 Ejari contracts. The rent fell from AED 58,000 to AED 28,000 in 2021 and recovered to AED 36,750 by February 2024.
- At AED 36,750 a year the gross yield on the 2019 price is 7.4%, 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 22 February 2024.
Questions about 509-A, Axis Residences 2
What did unit 509-A last sell for?
AED 495,000 on 17 February 2019: AED 623 per sqft for 794 sqft. The unit has 2 registered sales; the first was AED 557,211 in June 2015.
What is the rent for unit 509-A?
AED 36,750 a year on the contract signed on 22 February 2024. The previous contract, from April 2022, was AED 32,000; the unit has been rented since June 2014.
How big is unit 509-A?
794 sqft (73.8 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.
What is unit 509-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 509-A, Axis Residences 2
Starts from the last sale price (AED 495K, 17 February 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 495,000
- Deposit, UAE resident (20%)
- AED 99,000
- Deposit, non-resident (40%)
- AED 198,000
- Monthly over 25 years at 3.7%
- AED 2,025
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →