Home
Dubai prices
About
Research
1-bed · 749 sqftAxis Residences 2, Dubai Silicon Oasis · 5th floor · completed 2014

514-B, Axis Residences 2

Sold prices and rental history: sold once, by the developer in September 2016, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514-B · DLD and Ejari recordsUpdated 1 January 2020
Last soldAED 514K21 September 2016
Current rentAED 38K /yr1 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 514-B

Property timeline for 514-B, Axis Residences 2

What is 514-B worth today?

Last sold for AED 513,791 in 2016

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Jan 2020RentedRenewal
AED 38,000/yr12 months · AED 51 per sqft
1 Jan 2019RentedNew contract
AED 40,000/yr12 months · AED 53 per sqft
15 Dec 2017RentedNew contract
AED 48,000/yr12 months · AED 64 per sqft
21 Sep 2016Sold by developerReady
AED 513,791AED 686 per sqft
20 Jul 2015RentedRenewal
AED 56,000/yr12 months · AED 74 per sqft
20 Jul 2014RentedNew contract
AED 56,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 1 January 2020.

Key facts

Type
1-bed apartment
Size
749 sqft
Floor
5th of 8
Parking
112
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,000 /yr
Last sold
AED 514K · September 2016
Building
Axis Residences 2

About 514-B, Axis Residences 2

514-B is a one-bedroom apartment of 749 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 21 September 2016 for AED 513,791, or AED 686 per sqft, in line with the AED 679 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 1 January 2020, is AED 38,000 a year: a gross yield of 7.4% on the 2016 price, before the service charge of about AED 8,000 a year.

Sales and rents for 514-B over time

Sales
Unit 514-B, each saleTypical one-bed in Axis Residences 2
400K2013201720212025Typical 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 2016: AED 513,791 (AED 686 per sqft)

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

Rents
Unit 514-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 56,000 a yearRenewal, July 2015: AED 56,000 a yearNew contract, December 2017: AED 48,000 a yearNew contract, January 2019: AED 40,000 a yearRenewal, January 2020: AED 38,000 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 514-B sits

All 268 1-beds →

514-B last sold in September 2016 at AED 686 per sqft, in line with what one-beds in Axis Residences 2 were fetching at the time (AED 679). 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. 514-B's AED 38,000 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

514-B, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 21 September 2016 for AED 513,791, or AED 686 per sqft.
  • Rented since July 2014 on 5 Ejari contracts, from AED 56,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2016 price is 7.4%, before a service charge of about AED 8,000 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 1 January 2020.

Questions about 514-B, Axis Residences 2

What did unit 514-B last sell for?

AED 513,791 on 21 September 2016, sold by the developer: AED 686 per sqft for 749 sqft. It is the only registered sale of the unit.

What is the rent for unit 514-B?

AED 38,000 a year on the contract renewed on 1 January 2020. The previous contract, from January 2019, was AED 40,000; the unit has been rented since July 2014.

How big is unit 514-B?

749 sqft (69.6 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.

What is unit 514-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.

Selling 514-B? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 514-B, Axis Residences 2

Starts from the last sale price (AED 514K, 21 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 513,791
Deposit, UAE resident (20%)
AED 102,758
Deposit, non-resident (40%)
AED 205,516
Monthly over 25 years at 3.7%
AED 2,102

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