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1-bed · 843 sqftAxis Residences 2, Dubai Silicon Oasis · 6th floor · completed 2014

601-B, Axis Residences 2

Sold prices and rental history: sold once, by the developer in September 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601-B · DLD and Ejari recordsUpdated 16 August 2024
Last soldAED 464K17 September 2013
Current rentAED 20K /yr16 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 601-B, Axis Residences 2

What is 601-B worth today?

Last sold for AED 463,727 in 2013

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16 Aug 2024RentedRenewal
AED 19,911/yr24 months · AED 24 per sqft
16 Aug 2023RentedRenewal
AED 39,930/yr12 months · AED 47 per sqft
16 Aug 2022RentedNew contract
AED 33,000/yr12 months · AED 39 per sqft
1 Aug 2022RentedNew contract
AED 33,000/yr12 months · AED 39 per sqft
15 Jul 2019RentedNew contract
AED 38,000/yr12 months · AED 45 per sqft
28 May 2017RentedNew contract
AED 59,000/yr12 months · AED 70 per sqft
10 May 2014RentedNew contract
AED 62,000/yr12 months · AED 74 per sqft
17 Sep 2013Sold by developerReady
AED 463,727AED 550 per sqft

Source: Dubai Land Department. Updated 16 August 2024.

Key facts

Type
1-bed apartment
Size
843 sqft
Floor
6th of 8
Parking
105
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 9,000 /yr
Last sold
AED 464K · September 2013
Building
Axis Residences 2

About 601-B, Axis Residences 2

601-B is a one-bedroom apartment of 843 sqft on the 6th 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 17 September 2013 for AED 463,727, or AED 550 per sqft, 8% below the AED 600 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 16 August 2024, is AED 19,911 a year: a gross yield of 4.3% on the 2013 price, before the service charge of about AED 9,000 a year.

Sales and rents for 601-B over time

Sales
Unit 601-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 2013: AED 463,727 (AED 550 per sqft)

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

Rents
Unit 601-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, May 2014: AED 62,000 a yearNew contract, May 2017: AED 59,000 a yearNew contract, July 2019: AED 38,000 a yearNew contract, August 2022: AED 33,000 a yearNew contract, August 2022: AED 33,000 a yearRenewal, August 2023: AED 39,930 a yearRenewal, August 2024: AED 19,911 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 601-B sits

All 268 1-beds →

601-B last sold in September 2013 at AED 550 per sqft, 8% below what one-beds in Axis Residences 2 were fetching at the time (AED 600). 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. 601-B's AED 19,911 is at the bottom 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 6th floor

All 284 units in Axis Residences 2
Value
601-A1-bedAED 708K · Feb 2015
602-A1-bedAED 300K · Aug 2022
602-B1-bedAED 554K · Jul 2017
603-A1-bedAED 469K · Sep 2013
603-B1-bedAED 300K · May 2023
604-A1-bedAED 435K · Nov 2018
604-B1-bedAED 561K · Sep 2017
1–7 of 37

601-B, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 17 September 2013 for AED 463,727, or AED 550 per sqft.
  • Rented since May 2014 on 7 Ejari contracts, from AED 62,000 to AED 19,911 a year.
  • At AED 19,911 a year the gross yield on the 2013 price is 4.3%, before a service charge of about AED 9,000 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 16 August 2024.

Questions about 601-B, Axis Residences 2

What did unit 601-B last sell for?

AED 463,727 on 17 September 2013, sold by the developer: AED 550 per sqft for 843 sqft. It is the only registered sale of the unit.

What is the rent for unit 601-B?

AED 19,911 a year on the contract renewed on 16 August 2024. The previous contract, from August 2023, was AED 39,930; the unit has been rented since May 2014.

How big is unit 601-B?

843 sqft (78.3 sqm): a one-bedroom apartment on the 6th floor of a 8-storey tower completed in 2014.

What is unit 601-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 601-B, Axis Residences 2

Starts from the last sale price (AED 464K, 17 September 2013). Switch to today's estimate once you have unlocked it.
Price
AED 463,727
Deposit, UAE resident (20%)
AED 92,745
Deposit, non-resident (40%)
AED 185,491
Monthly over 25 years at 3.7%
AED 1,897

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