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1-bed · 758 sqftAxis Residences 2, Dubai Silicon Oasis · 8th floor · completed 2014

802-B, Axis Residences 2

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

Unit 802-B · DLD and Ejari recordsUpdated 15 July 2023
Last soldAED 529K26 February 2018
Current rentAED 38K /yr15 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 802-B, Axis Residences 2

What is 802-B worth today?

Last sold for AED 529,205 in 2018

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15 Jul 2023RentedNew contract
AED 38,000/yr13 months · AED 50 per sqft
25 Dec 2021RentedRenewal
AED 32,000/yr12 months · AED 42 per sqft
25 Dec 2020RentedRenewal
AED 32,000/yr12 months · AED 42 per sqft
25 Dec 2019RentedRenewal
AED 40,000/yr12 months · AED 53 per sqft
25 Dec 2018RentedNew contract
AED 47,000/yr12 months · AED 62 per sqft
26 Feb 2018Sold by developerReady
AED 529,205AED 698 per sqft
5 Jun 2014RentedNew contract
AED 56,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 15 July 2023.

Key facts

Type
1-bed apartment
Size
758 sqft
Floor
8th of 8
Parking
273
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,100 /yr
Last sold
AED 529K · February 2018
Building
Axis Residences 2

About 802-B, Axis Residences 2

802-B is a one-bedroom apartment of 758 sqft on the 8th 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 26 February 2018 for AED 529,205, or AED 698 per sqft, in line with the AED 684 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 15 July 2023, is AED 38,000 a year: a gross yield of 7.2% on the 2018 price, before the service charge of about AED 8,100 a year.

Sales and rents for 802-B over time

Sales
Unit 802-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, February 2018: AED 529,205 (AED 698 per sqft)

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

Rents
Unit 802-B, 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 2014: AED 56,000 a yearNew contract, December 2018: AED 47,000 a yearRenewal, December 2019: AED 40,000 a yearRenewal, December 2020: AED 32,000 a yearRenewal, December 2021: AED 32,000 a yearNew contract, July 2023: AED 38,000 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 802-B sits

All 268 1-beds →

802-B last sold in February 2018 at AED 698 per sqft, in line with 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. 802-B's AED 38,000 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 8th floor

All 284 units in Axis Residences 2
Value
801-A1-bedAED 527K · Mar 2018
801-B1-bedNo registered sale
802-A1-bedAED 390K · Sep 2023
803-A1-bedAED 469K · Sep 2013
803-B1-bedAED 300K · May 2023
804-A1-bedAED 400K · Mar 2018
804-B1-bedAED 556K · Sep 2015
1–7 of 37

802-B, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 26 February 2018 for AED 529,205, or AED 698 per sqft.
  • Rented since June 2014 on 6 Ejari contracts. The rent fell from AED 56,000 to AED 32,000 in 2021 and recovered to AED 38,000 by July 2023.
  • At AED 38,000 a year the gross yield on the 2018 price is 7.2%, before a service charge of about AED 8,100 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 July 2023.

Questions about 802-B, Axis Residences 2

What did unit 802-B last sell for?

AED 529,205 on 26 February 2018, sold by the developer: AED 698 per sqft for 758 sqft. It is the only registered sale of the unit.

What is the rent for unit 802-B?

AED 38,000 a year on the contract signed on 15 July 2023. The previous contract, from December 2021, was AED 32,000; the unit has been rented since June 2014.

How big is unit 802-B?

758 sqft (70.4 sqm): a one-bedroom apartment on the 8th floor of a 8-storey tower completed in 2014.

What is unit 802-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 802-B, Axis Residences 2

Starts from the last sale price (AED 529K, 26 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 529,205
Deposit, UAE resident (20%)
AED 105,841
Deposit, non-resident (40%)
AED 211,682
Monthly over 25 years at 3.7%
AED 2,165

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