1-bed · 755 sqftAxis Residences 2, Dubai Silicon Oasis · 8th floor · completed 2014

818-B, Axis Residences 2

Sold prices and rental history: sold twice, last in November 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 818-B · DLD and Ejari recordsUpdated 8 November 2022
Last soldAED 325K8 November 2022
Current rentAED 29K /yr18 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 818-B, Axis Residences 2

What is 818-B worth today?

Last sold for AED 325,000 in 2022

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8 Nov 2022SoldReady
AED 325,000AED 430 per sqft
18 Oct 2021RentedNew contract
AED 29,000/yr12 months · AED 38 per sqft
1 Oct 2020RentedRenewal
AED 36,000/yr12 months · AED 48 per sqft
1 Oct 2018RentedNew contract
AED 42,000/yr12 months · AED 56 per sqft
24 Aug 2017RentedNew contract
AED 50,000/yr12 months · AED 66 per sqft
14 Sep 2015Sold by developerReady
AED 530,525AED 702 per sqft

Source: Dubai Land Department. Updated 8 November 2022.

Key facts

Type
1-bed apartment
Size
755 sqft
Floor
8th of 8
Parking
257
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,100 /yr
Last sold
AED 325K · November 2022

About 818-B, Axis Residences 2

818-B is a one-bedroom apartment of 755 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. It last sold on 8 November 2022 for AED 325,000, or AED 430 per sqft, 6% above the AED 407 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 18 October 2021, is AED 29,000 a year: a gross yield of 8.9% on the 2022 price, before the service charge of about AED 8,100 a year.

Sales and rents for 818-B over time

Sales
Unit 818-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, September 2015: AED 530,525 (AED 702 per sqft)Sold, November 2022: AED 325,000 (AED 430 per sqft)

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

Rents
Unit 818-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, August 2017: AED 50,000 a yearNew contract, October 2018: AED 42,000 a yearRenewal, October 2020: AED 36,000 a yearNew contract, October 2021: AED 29,000 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 818-B sits

All 268 1-beds →

818-B last sold in November 2022 at AED 430 per sqft, 6% above what one-beds in Axis Residences 2 were fetching at the time (AED 407). 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. 818-B's AED 29,000 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
802-B1-bedAED 529K · Feb 2018
803-A1-bedAED 469K · Sep 2013
803-B1-bedAED 300K · May 2023
804-A1-bedAED 400K · Mar 2018
1–7 of 37

818-B, Axis Residences 2 in numbers

  • Sold twice: first on 14 September 2015 for AED 530,525, last on 8 November 2022 for AED 325,000 (AED 430 per sqft).
  • Rented since August 2017 on 4 Ejari contracts, from AED 50,000 to AED 29,000 a year.
  • At AED 29,000 a year the gross yield on the 2022 price is 8.9%, 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 8 November 2022.

Questions about 818-B, Axis Residences 2

What did unit 818-B last sell for?

AED 325,000 on 8 November 2022: AED 430 per sqft for 755 sqft. The unit has 2 registered sales; the first was AED 530,525 in September 2015.

What is the rent for unit 818-B?

AED 29,000 a year on the contract signed on 18 October 2021. The previous contract, from October 2020, was AED 36,000; the unit has been rented since August 2017.

How big is unit 818-B?

755 sqft (70.1 sqm): a one-bedroom apartment on the 8th floor of a 8-storey tower completed in 2014.

What is unit 818-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 818-B, Axis Residences 2

Starts from the last sale price (AED 325K, 8 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 325,000
Deposit, UAE resident (20%)
AED 65,000
Deposit, non-resident (40%)
AED 130,000
Monthly over 25 years at 3.7%
AED 1,330

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