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1-bed · 800 sqftAxis Residences 2, Dubai Silicon Oasis · 5th floor · completed 2014

515-B, Axis Residences 2

Sold prices and rental history: sold 3 times, last in July 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515-B · DLD and Ejari recordsUpdated 5 June 2026
Last soldAED 385K26 July 2023
Current rentAED 48K /yr5 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515-B, Axis Residences 2

What is 515-B worth today?

Last sold for AED 385,000 in 2023

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5 Jun 2026RentedNew contract
AED 48,000/yr12 months · AED 60 per sqft
25 Dec 2025RentedRenewal
AED 45,000/yr12 months · AED 56 per sqft
25 Dec 2024RentedRenewal
AED 45,000/yr12 months · AED 56 per sqft
25 Dec 2024RentedRenewal
AED 45,000/yr12 months · AED 56 per sqft
25 Dec 2023RentedNew contract
AED 45,000/yr12 months · AED 56 per sqft
26 Jul 2023SoldReady
AED 385,000AED 481 per sqft
10 Nov 2022RentedNew contract
AED 35,000/yr12 months · AED 44 per sqft
6 Dec 2021SoldReady
AED 300,000AED 375 per sqft

Source: Dubai Land Department. Updated 5 June 2026.

Key facts

Type
1-bed apartment
Size
800 sqft
Floor
5th of 8
Parking
111
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,600 /yr
Last sold
AED 385K · July 2023
Building
Axis Residences 2

About 515-B, Axis Residences 2

515-B is a one-bedroom apartment of 800 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 26 July 2023 for AED 385,000, or AED 481 per sqft, 6% above the AED 452 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 13 Ejari contracts. The current contract, signed on 5 June 2026, is AED 48,000 a year: a gross yield of 12.5% on the 2023 price, before the service charge of about AED 8,600 a year.

Sales and rents for 515-B over time

Sales
Unit 515-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, November 2017: AED 548,478 (AED 685 per sqft)Sold, December 2021: AED 300,000 (AED 375 per sqft)Sold, July 2023: AED 385,000 (AED 481 per sqft)

515-B has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 515-B, each contractTypical one-bed in Axis Residences 2
20K40K60K2014201820222026Typical 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 2014: AED 60,000 a yearNew contract, June 2016: AED 60,000 a yearNew contract, June 2017: AED 60,000 a yearRenewal, June 2018: AED 50,000 a yearRenewal, June 2019: AED 40,000 a yearNew contract, November 2020: AED 25,000 a yearNew contract, November 2021: AED 27,000 a yearNew contract, November 2022: AED 35,000 a yearNew contract, December 2023: AED 45,000 a yearRenewal, December 2024: AED 45,000 a yearRenewal, December 2024: AED 45,000 a yearRenewal, December 2025: AED 45,000 a yearNew contract, June 2026: AED 48,000 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 515-B sits

All 268 1-beds →

515-B last sold in July 2023 at AED 481 per sqft, 6% above what one-beds in Axis Residences 2 were fetching at the time (AED 452). 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. 515-B's AED 48,000 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

515-B, Axis Residences 2 in numbers

  • Sold 3 times: first on 7 November 2017 for AED 548,478, last on 26 July 2023 for AED 385,000 (AED 481 per sqft).
  • Rented since June 2014 on 13 Ejari contracts. The rent fell from AED 60,000 to AED 25,000 in 2020 and recovered to AED 48,000 by June 2026.
  • At AED 48,000 a year the gross yield on the 2023 price is 12.5%, before a service charge of about AED 8,600 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 5 June 2026.

Questions about 515-B, Axis Residences 2

What did unit 515-B last sell for?

AED 385,000 on 26 July 2023: AED 481 per sqft for 800 sqft. The unit has 3 registered sales; the first was AED 548,478 in November 2017.

What is the rent for unit 515-B?

AED 48,000 a year on the contract signed on 5 June 2026. The previous contract, from December 2025, was AED 45,000; the unit has been rented since June 2014.

How big is unit 515-B?

800 sqft (74.3 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.

What is unit 515-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 515-B, Axis Residences 2

Starts from the last sale price (AED 385K, 26 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 385,000
Deposit, UAE resident (20%)
AED 77,000
Deposit, non-resident (40%)
AED 154,000
Monthly over 25 years at 3.7%
AED 1,575

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