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1-bed · 822 sqftAxis Residences 2, Dubai Silicon Oasis · 7th floor · completed 2014

706-A, Axis Residences 2

Sold prices and rental history: sold twice, last in March 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706-A · DLD and Ejari recordsUpdated 10 July 2019
Last soldAED 500K27 March 2014
Current rentAED 37K /yr10 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 706-A, Axis Residences 2

What is 706-A worth today?

Last sold for AED 500,000 in 2014

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10 Jul 2019RentedNew contract
AED 37,000/yr12 months · AED 45 per sqft
1 Jun 2018RentedRenewal
AED 47,000/yr12 months · AED 57 per sqft
1 Jun 2017RentedRenewal
AED 54,000/yr12 months · AED 66 per sqft
1 Jun 2016RentedNew contract
AED 58,000/yr12 months · AED 71 per sqft
27 Mar 2014SoldReady
AED 500,000AED 608 per sqft
18 Mar 2013Sold by developerReady
AED 492,972AED 600 per sqft

Source: Dubai Land Department. Updated 10 July 2019.

Key facts

Type
1-bed apartment
Size
822 sqft
Floor
7th of 8
Parking
207
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,800 /yr
Last sold
AED 500K · March 2014
Building
Axis Residences 2

About 706-A, Axis Residences 2

706-A is a one-bedroom apartment of 822 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 March 2014 for AED 500,000, or AED 608 per sqft, in line with the AED 611 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 10 July 2019, is AED 37,000 a year: a gross yield of 7.4% on the 2014 price, before the service charge of about AED 8,800 a year.

Sales and rents for 706-A over time

Sales
Unit 706-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 2013: AED 492,972 (AED 600 per sqft)Sold, March 2014: AED 500,000 (AED 608 per sqft)

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

Rents
Unit 706-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, June 2016: AED 58,000 a yearRenewal, June 2017: AED 54,000 a yearRenewal, June 2018: AED 47,000 a yearNew contract, July 2019: AED 37,000 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 706-A sits

All 268 1-beds →

706-A last sold in March 2014 at AED 608 per sqft, in line with what one-beds in Axis Residences 2 were fetching at the time (AED 611). 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. 706-A's AED 37,000 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 7th floor

All 284 units in Axis Residences 2
Value
701-A1-bedAED 365K · Jan 2023
701-B1-bedAED 573K · Aug 2017
702-A1-bedAED 450K · Dec 2024
702-B1-bedAED 544K · Mar 2018
703-A1-bedAED 490K · Jun 2024
703-B1-bedAED 429K · Sep 2023
704-A1-bedAED 540K · Jun 2025
1–7 of 37

706-A, Axis Residences 2 in numbers

  • Sold twice: first on 18 March 2013 for AED 492,972, last on 27 March 2014 for AED 500,000 (AED 608 per sqft).
  • Rented since June 2016 on 4 Ejari contracts, from AED 58,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2014 price is 7.4%, 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 July 2019.

Questions about 706-A, Axis Residences 2

What did unit 706-A last sell for?

AED 500,000 on 27 March 2014: AED 608 per sqft for 822 sqft. The unit has 2 registered sales; the first was AED 492,972 in March 2013.

What is the rent for unit 706-A?

AED 37,000 a year on the contract signed on 10 July 2019. The previous contract, from June 2018, was AED 47,000; the unit has been rented since June 2016.

How big is unit 706-A?

822 sqft (76.4 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.

What is unit 706-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 706-A, Axis Residences 2

Starts from the last sale price (AED 500K, 27 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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