1-bed · 794 sqftAxis Residences 2, Dubai Silicon Oasis · 7th floor · completed 2014

709-A, Axis Residences 2

Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709-A · DLD and Ejari recordsUpdated 9 November 2023
Last soldAED 404K9 November 2023
Current rentAED 36K /yr2 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 709-A, Axis Residences 2

What is 709-A worth today?

Last sold for AED 404,000 in 2023

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9 Nov 2023SoldReady
AED 404,000AED 508 per sqft
2 Mar 2022RentedRenewal
AED 36,000/yr12 months · AED 45 per sqft
2 Mar 2021RentedNew contract
AED 36,000/yr12 months · AED 45 per sqft
2 Mar 2020RentedRenewal
AED 36,000/yr12 months · AED 45 per sqft
16 Feb 2020SoldReady
AED 360,000AED 453 per sqft
2 Mar 2019RentedRenewal
AED 42,000/yr12 months · AED 53 per sqft
2 Mar 2018RentedRenewal
AED 60,000/yr12 months · AED 75 per sqft
1 Mar 2017RentedNew contract
AED 59,839/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 9 November 2023.

Key facts

Type
1-bed apartment
Size
794 sqft
Floor
7th of 8
Parking
283
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,500 /yr
Last sold
AED 404K · November 2023

About 709-A, Axis Residences 2

709-A is a one-bedroom apartment of 794 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 9 November 2023 for AED 404,000, or AED 508 per sqft, 5% above the AED 485 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 2 March 2022, is AED 36,000 a year: a gross yield of 8.9% on the 2023 price, before the service charge of about AED 8,500 a year.

Sales and rents for 709-A over time

Sales
Unit 709-A, each saleTypical one-bed in Axis Residences 2
400K600K2013201720212025Typical 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, January 2017: AED 600,000 (AED 755 per sqft)Sold, February 2020: AED 360,000 (AED 453 per sqft)Sold, November 2023: AED 404,000 (AED 508 per sqft)

709-A has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 709-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, March 2017: AED 59,839 a yearRenewal, March 2018: AED 60,000 a yearRenewal, March 2019: AED 42,000 a yearRenewal, March 2020: AED 36,000 a yearNew contract, March 2021: AED 36,000 a yearRenewal, March 2022: AED 36,000 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 709-A sits

All 268 1-beds →

709-A last sold in November 2023 at AED 508 per sqft, 5% above what one-beds in Axis Residences 2 were fetching at the time (AED 485). 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. 709-A's AED 36,000 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

709-A, Axis Residences 2 in numbers

  • Sold 3 times: first on 11 January 2017 for AED 600,000, last on 9 November 2023 for AED 404,000 (AED 508 per sqft).
  • Rented since March 2017 on 6 Ejari contracts, from AED 59,839 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2023 price is 8.9%, before a service charge of about AED 8,500 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 9 November 2023.

Questions about 709-A, Axis Residences 2

What did unit 709-A last sell for?

AED 404,000 on 9 November 2023: AED 508 per sqft for 794 sqft. The unit has 3 registered sales; the first was AED 600,000 in January 2017.

What is the rent for unit 709-A?

AED 36,000 a year on the contract renewed on 2 March 2022. The previous contract, from March 2021, was AED 36,000; the unit has been rented since March 2017.

How big is unit 709-A?

794 sqft (73.8 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.

What is unit 709-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 709-A, Axis Residences 2

Starts from the last sale price (AED 404K, 9 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 404,000
Deposit, UAE resident (20%)
AED 80,800
Deposit, non-resident (40%)
AED 161,600
Monthly over 25 years at 3.7%
AED 1,653

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