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2-bed · 1,047 sqftAxis Residences 2, Dubai Silicon Oasis · 5th floor · completed 2014

519-B, Axis Residences 2

Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 519-B · DLD and Ejari recordsUpdated 15 April 2020
Last soldAED 733K14 May 2018
Current rentAED 50K /yr15 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 519-B, Axis Residences 2

What is 519-B worth today?

Last sold for AED 732,831 in 2018

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15 Apr 2020RentedRenewal
AED 50,000/yr12 months · AED 48 per sqft
15 Apr 2019RentedNew contract
AED 55,000/yr12 months · AED 53 per sqft
14 May 2018Sold by developerReady
AED 732,831AED 700 per sqft
2 May 2018RentedNew contract
AED 80,000/yr9 months · AED 77 per sqft
1 Feb 2017RentedNew contract
AED 90,000/yr12 months · AED 86 per sqft
1 Feb 2016RentedRenewal
AED 90,000/yr12 months · AED 86 per sqft
1 Feb 2015RentedNew contract
AED 90,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 15 April 2020.

Key facts

Type
2-bed apartment
Size
1,047 sqft
Floor
5th of 8
Parking
107,106
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 11,200 /yr
Last sold
AED 733K · May 2018
Building
Axis Residences 2

About 519-B, Axis Residences 2

519-B is a two-bedroom apartment of 1,047 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 14 May 2018 for AED 732,831, or AED 700 per sqft.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 15 April 2020, is AED 50,000 a year: a gross yield of 6.8% on the 2018 price, before the service charge of about AED 11,200 a year.

Sales and rents for 519-B over time

Rents
Unit 519-B, each contractTypical two-bed in Axis Residences 2
50K75K2014201820222026Typical rent by year: 2014 AED 80,000; 2015 AED 74,062; 2016 AED 80,000; 2017 AED 72,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 39,000; 2023 AED 50,000; 2024 AED 60,000; 2025 AED 64,000; 2026 AED 70,000New contract, February 2015: AED 90,000 a yearRenewal, February 2016: AED 90,000 a yearNew contract, February 2017: AED 90,000 a yearNew contract, May 2018: AED 80,000 a yearNew contract, April 2019: AED 55,000 a yearRenewal, April 2020: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Axis Residences 2, and where 519-B sits

All 16 2-beds →

519-B's AED 50,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Sep 2025825,000
9 Jul 2024670,000
17 May 2024850,000
12 Sep 2023230,000
0 2-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

519-B, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 14 May 2018 for AED 732,831, or AED 700 per sqft.
  • Rented since February 2015 on 6 Ejari contracts, from AED 90,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2018 price is 6.8%, before a service charge of about AED 11,200 a year (AED 10.71 per sqft).

Source: Dubai Land Department. Updated 15 April 2020.

Questions about 519-B, Axis Residences 2

What did unit 519-B last sell for?

AED 732,831 on 14 May 2018, sold by the developer: AED 700 per sqft for 1,047 sqft. It is the only registered sale of the unit.

What is the rent for unit 519-B?

AED 50,000 a year on the contract renewed on 15 April 2020. The previous contract, from April 2019, was AED 55,000; the unit has been rented since February 2015.

How big is unit 519-B?

1,047 sqft (97.3 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.

What is unit 519-B worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 519-B, Axis Residences 2

Starts from the last sale price (AED 733K, 14 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 732,831
Deposit, UAE resident (20%)
AED 146,566
Deposit, non-resident (40%)
AED 293,132
Monthly over 25 years at 3.7%
AED 2,998

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