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1-bed · 822 sqftAxis Residences 2, Dubai Silicon Oasis · 6th floor · completed 2014

608-A, Axis Residences 2

Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 608-A · DLD and Ejari recordsUpdated 10 February 2024
Last soldAED 542K21 March 2018
Current rentAED 39K /yr10 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 608-A, Axis Residences 2

What is 608-A worth today?

Last sold for AED 542,344 in 2018

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10 Feb 2024RentedRenewal
AED 38,500/yr12 months · AED 47 per sqft
10 Feb 2023RentedRenewal
AED 35,000/yr12 months · AED 43 per sqft
10 Feb 2022RentedNew contract
AED 31,000/yr12 months · AED 38 per sqft
15 Jan 2021RentedNew contract
AED 27,000/yr12 months · AED 33 per sqft
11 Jul 2019RentedNew contract
AED 38,000/yr12 months · AED 46 per sqft
25 Apr 2018RentedNew contract
AED 55,000/yr12 months · AED 67 per sqft
21 Mar 2018Sold by developerReady
AED 542,344AED 659 per sqft
12 Jul 2015RentedRenewal
AED 57,000/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 10 February 2024.

Key facts

Type
1-bed apartment
Size
822 sqft
Floor
6th of 8
Parking
189
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,800 /yr
Last sold
AED 542K · March 2018
Building
Axis Residences 2

About 608-A, Axis Residences 2

608-A is a one-bedroom apartment of 822 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 21 March 2018 for AED 542,344, or AED 659 per sqft, 4% below the AED 684 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 10 February 2024, is AED 38,500 a year: a gross yield of 7.1% on the 2018 price, before the service charge of about AED 8,800 a year.

Sales and rents for 608-A over time

Sales
Unit 608-A, 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, March 2018: AED 542,344 (AED 659 per sqft)

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

Rents
Unit 608-A, 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 57,000 a yearRenewal, July 2015: AED 57,000 a yearNew contract, April 2018: AED 55,000 a yearNew contract, July 2019: AED 38,000 a yearNew contract, January 2021: AED 27,000 a yearNew contract, February 2022: AED 31,000 a yearRenewal, February 2023: AED 35,000 a yearRenewal, February 2024: AED 38,500 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 608-A sits

All 268 1-beds →

608-A last sold in March 2018 at AED 659 per sqft, 4% below what one-beds in Axis Residences 2 were fetching at the time (AED 684). 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. 608-A's AED 38,500 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 6th floor

All 284 units in Axis Residences 2
Value
601-A1-bedAED 708K · Feb 2015
601-B1-bedAED 464K · Sep 2013
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
1–7 of 37

608-A, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 21 March 2018 for AED 542,344, or AED 659 per sqft.
  • Rented since July 2014 on 8 Ejari contracts. The rent fell from AED 57,000 to AED 27,000 in 2021 and recovered to AED 38,500 by February 2024.
  • At AED 38,500 a year the gross yield on the 2018 price is 7.1%, before a service charge of about AED 8,800 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 10 February 2024.

Questions about 608-A, Axis Residences 2

What did unit 608-A last sell for?

AED 542,344 on 21 March 2018, sold by the developer: AED 659 per sqft for 822 sqft. It is the only registered sale of the unit.

What is the rent for unit 608-A?

AED 38,500 a year on the contract renewed on 10 February 2024. The previous contract, from February 2023, was AED 35,000; the unit has been rented since July 2014.

How big is unit 608-A?

822 sqft (76.4 sqm): a one-bedroom apartment on the 6th floor of a 8-storey tower completed in 2014.

What is unit 608-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 608-A, Axis Residences 2

Starts from the last sale price (AED 542K, 21 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 542,344
Deposit, UAE resident (20%)
AED 108,469
Deposit, non-resident (40%)
AED 216,938
Monthly over 25 years at 3.7%
AED 2,219

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