701-A, Axis Residences 2
Sold prices and rental history: sold twice, last in January 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701-A, Axis Residences 2
What is 701-A worth today?
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Source: Dubai Land Department. Updated 15 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 843 sqft
- Floor
- 7th of 8
- Parking
- 202
- Developer
- Gulf General Investments Co
- Completed
- 2014
- Service charge
- AED 9,000 /yr
- Last sold
- AED 365K · January 2023
- Building
- Axis Residences 2
About 701-A, Axis Residences 2
701-A is a one-bedroom apartment of 843 sqft on the 7th 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 27 January 2023 for AED 365,000, or AED 432 per sqft, 4% above the AED 415 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 15 October 2024, is AED 60,000 a year: a gross yield of 16.4% on the 2023 price, before the service charge of about AED 9,000 a year.
Sales and rents for 701-A over time
701-A has sold twice; the dashed line is the one-bed median of each year in the building.
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 701-A sits
All 268 1-beds →701-A last sold in January 2023 at AED 432 per sqft, 4% above what one-beds in Axis Residences 2 were fetching at the time (AED 415). 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. 701-A's AED 60,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 770 sqft | 520,000 | 675 | ||
| 10 Jul 202610 July 2026 | 793 sqft | 555,000 | 699 | ||
| 24 Jun 202624 June 2026 | 800 sqft | 500,000 | 625 | ||
| 14 May 202614 May 2026 | 773 sqft | 568,000 | 734 |
Axis Residences 2
Building284 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%
Other units on the 7th floor
All 284 units in Axis Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701-B | 1-bed | 843 sqft | AED 573KAED 573,161 · Aug 2017August 2017 | 40,000 /yr | |
| 702-A | 1-bed | 758 sqft | AED 450KAED 450,000 · Dec 2024December 2024 | 50,000 /yr | |
| 702-B | 1-bed | 758 sqft | AED 544KAED 544,325 · Mar 2018March 2018 | 48,000 /yr | |
| 703-A | 1-bed | 853 sqft | AED 490KAED 490,000 · Jun 2024June 2024 | 50,000 /yr | |
| 703-B | 1-bed | 853 sqft | AED 429KAED 428,617 · Sep 2023September 2023 | 32,000 /yr | |
| 704-A | 1-bed | 770 sqft | AED 540KAED 540,000 · Jun 2025June 2025 | 48,000 /yr | |
| 704-B | 1-bed | 770 sqft | AED 535KAED 534,842 · Aug 2015August 2015 | 47,000 /yr | |
| 705-A | 1-bed | 791 sqft | AED 410KAED 409,693 · Sep 2023September 2023 | 48,000 /yr | |
| 705-B | 1-bed | 791 sqft | AED 591KAED 591,162 · Aug 2015August 2015 | 32,000 /yr | |
| 706-A | 1-bed | 822 sqft | AED 500KAED 500,000 · Mar 2014March 2014 | 37,000 /yr | |
| 706-B | 1-bed | 822 sqft | AED 340KAED 340,000 · Sep 2021September 2021 | 38,000 /yr | |
| 707-A | 1-bed | 802 sqft | AED 578KAED 577,777 · Jul 2016July 2016 | 50,000 /yr | |
| 707-B | 1-bed | 802 sqft | AED 450KAED 450,000 · Jul 2022July 2022 | 53,000 /yr | |
| 708-A | 1-bed | 822 sqft | AED 563KAED 562,810 · Feb 2016February 2016 | 55,000 /yr | |
| 708-B | 1-bed | 822 sqft | AED 610KAED 610,000 · Jul 2025July 2025 | 42,000 /yr | |
| 709-A | 1-bed | 794 sqft | AED 404KAED 404,000 · Nov 2023November 2023 | 36,000 /yr | |
| 709-B | 1-bed | 794 sqft | AED 536KAED 535,775 · Apr 2016April 2016 | 48,000 /yr | |
| 710-A | 1-bed | 476 sqft | AED 700KAED 700,000 · Jun 2014June 2014 | 40,910 /yr | |
| 710-B | 1-bed | 846 sqft | AED 561KAED 560,690 · Feb 2014February 2014 | 53,000 /yr | |
| 711-A | 1-bed | 793 sqft | AED 527KAED 526,746 · Sep 2015September 2015 | 43,000 /yr | |
| 711-B | 1-bed | 793 sqft | AED 550KAED 550,000 · Oct 2017October 2017 | 60,000 /yr | |
| 712-A | 1-bed | 750 sqft | AED 501KAED 500,686 · Sep 2017September 2017 | 43,000 /yr | |
| 712-B | 1-bed | 750 sqft | AED 356KAED 355,500 · Nov 2019November 2019 | 48,000 /yr | |
| 713-A | 1-bed | 793 sqft | AED 400KAED 400,000 · Jan 2024January 2024 | 50,000 /yr | |
| 713-B | 1-bed | 793 sqft | AED 385KAED 385,000 · Mar 2019March 2019 | 54,000 /yr | |
| 714-A | 1-bed | 749 sqft | AED 400KAED 400,000 · Jan 2024January 2024 | 55,000 /yr | |
| 714-B | 1-bed | 749 sqft | AED 420KAED 420,000 · Feb 2024February 2024 | 53,000 /yr | |
| 715-A | 1-bed | 800 sqft | AED 500KAED 500,000 · Mar 2014March 2014 | 53,000 /yr | |
| 715-B | 1-bed | 800 sqft | AED 559KAED 558,635 · Sep 2015September 2015 | 51,608 /yr | |
| 716-A | 1-bed | 769 sqft | AED 507KAED 507,471 · Aug 2015August 2015 | 44,500 /yr | |
| 716-B | 1-bed | 769 sqft | AED 490KAED 490,171 · Oct 2015October 2015 | 55,000 /yr | |
| 717-A | 1-bed | 773 sqft | AED 470KAED 470,000 · Jul 2024July 2024 | 52,000 /yr | |
| 717-B | 1-bed | 773 sqft | AED 585KAED 585,000 · Mar 2025March 2025 | 55,000 /yr | |
| 718-A | 1-bed | 755 sqft | AED 480KAED 480,000 · Dec 2024December 2024 | 52,000 /yr | |
| 718-B | 1-bed | 755 sqft | No registered sale | 44,100 /yr | |
| 719-A | 2-bed | 1,047 sqft | No registered sale | 63,000 /yr | |
| 719-B | 2-bed | 1,047 sqft | No registered sale |
701-A, Axis Residences 2 in numbers
- Sold twice: first on 15 July 2015 for AED 1,488,600, last on 27 January 2023 for AED 365,000 (AED 432 per sqft).
- Rented since July 2017 on 5 Ejari contracts. The rent fell from AED 52,000 to AED 12,000 in 2022 and recovered to AED 60,000 by October 2024.
- At AED 60,000 a year the gross yield on the 2023 price is 16.4%, 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 15 October 2024.
Questions about 701-A, Axis Residences 2
What did unit 701-A last sell for?
AED 365,000 on 27 January 2023: AED 432 per sqft for 843 sqft. The unit has 2 registered sales; the first was AED 1,488,600 in July 2015.
What is the rent for unit 701-A?
AED 60,000 a year on the contract signed on 15 October 2024. The previous contract, from February 2024, was AED 42,000; the unit has been rented since July 2017.
How big is unit 701-A?
843 sqft (78.3 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.
What is unit 701-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 701-A, Axis Residences 2
Starts from the last sale price (AED 365K, 27 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 365,000
- Deposit, UAE resident (20%)
- AED 73,000
- Deposit, non-resident (40%)
- AED 146,000
- Monthly over 25 years at 3.7%
- AED 1,493
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →