1-bed · 808 sqftAxis Residences 3, Dubai Silicon Oasis · 3rd floor · completed 2009

314, Axis Residences 3

Sold prices and rental history: sold twice, last in May 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 314 · DLD and Ejari recordsUpdated 10 November 2020
Last soldAED 530K1 May 2018
Current rentAED 35K /yr10 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 314, Axis Residences 3

What is 314 worth today?

Last sold for AED 530,000 in 2018

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10 Nov 2020RentedNew contract
AED 35,000/yr12 months · AED 43 per sqft
1 May 2018SoldReady
AED 530,000AED 655 per sqft
4 Aug 2015Sold by developerReady
AED 480,730AED 595 per sqft
26 Jul 2015RentedNew contract
AED 53,000/yr12 months · AED 66 per sqft
26 Jul 2013RentedNew contract
AED 45,000/yr12 months · AED 56 per sqft
5 Apr 2013RentedNew contract
AED 45,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 10 November 2020.

Key facts

Type
1-bed apartment
Size
808 sqft
Floor
3rd of 8
Parking
46
Developer
Gulf General Investments Co
Completed
2009
Service charge
AED 9,700 /yr
Last sold
AED 530K · May 2018

About 314, Axis Residences 3

314 is a one-bedroom apartment of 808 sqft on the 3rd floor of Axis Residences 3, a 8-storey tower in Dubai Silicon Oasis completed in 2009 by Gulf General Investments Co. It last sold on 1 May 2018 for AED 530,000, or AED 655 per sqft, 6% below the AED 696 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 10 November 2020, is AED 35,000 a year: a gross yield of 6.6% on the 2018 price, before the service charge of about AED 9,700 a year.

Sales and rents for 314 over time

Sales
Unit 314, each saleTypical one-bed in Axis Residences 3
400K600K20112015201920232027Typical sale price by year: 2011 AED 482,700; 2012 AED 519,600; 2013 AED 492,600; 2014 AED 530,670; 2015 AED 650,000; 2016 AED 560,000; 2017 AED 612,500; 2018 AED 489,803; 2019 AED 498,000; 2022 AED 365,000; 2023 AED 415,291; 2024 AED 451,500; 2025 AED 547,500; 2026 AED 605,000Sold by developer, August 2015: AED 480,730 (AED 595 per sqft)Sold, May 2018: AED 530,000 (AED 655 per sqft)

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

Rents
Unit 314, each contractTypical one-bed in Axis Residences 3
40K60K2012201620202024Typical rent by year: 2012 AED 35,000; 2013 AED 37,500; 2014 AED 45,000; 2015 AED 55,000; 2016 AED 56,000; 2017 AED 51,000; 2018 AED 46,000; 2019 AED 40,000; 2020 AED 33,000; 2021 AED 29,729; 2022 AED 32,500; 2023 AED 37,950; 2024 AED 42,350; 2025 AED 48,250; 2026 AED 50,000New contract, April 2013: AED 45,000 a yearNew contract, July 2013: AED 45,000 a yearNew contract, July 2015: AED 53,000 a yearNew contract, November 2020: AED 35,000 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 3, and where 314 sits

All 128 1-beds →

314 last sold in May 2018 at AED 655 per sqft, 6% below what one-beds in Axis Residences 3 were fetching at the time (AED 696). Over the last 12 months one-beds sold for AED 540,000 to 650,000, around AED 680 per sqft, and rent for AED 26,667 to 63,000 a year. 314's AED 35,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Oct 2026540,000
8 Sep 2026610,000
19 Jun 2026600,000
12 Mar 2026610,000
7 1-bed sales in the last 12 months

Axis Residences 3

Building

128 apartments, 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2009 by Gulf General Investments Co. 7 sold in the last 12 months.

Typical price per sqft
AED 680
Typical sale
AED 610K
Typical rent
AED 50K /yr
Typical yield
9.1%
Axis Residences 3, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 3rd floor

All 128 units in Axis Residences 3
Value
3011-bedAED 360K · Sep 2022
3021-bedAED 445K · Jun 2013
3031-bedAED 484K · Feb 2013
3041-bedAED 360K · Sep 2022
3051-bedAED 315K · Mar 2018
3061-bedAED 667K · Aug 2017
3071-bedAED 580K · Sep 2013
1–7 of 15

314, Axis Residences 3 in numbers

  • Sold twice: first on 4 August 2015 for AED 480,730, last on 1 May 2018 for AED 530,000 (AED 655 per sqft).
  • Rented since April 2013 on 4 Ejari contracts, from AED 45,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2018 price is 6.6%, before a service charge of about AED 9,700 a year (AED 11.95 per sqft).
  • One-beds in Axis Residences 3 sold for AED 540,000–650,000 in the 12 months to November 2026; the building's median across all types is AED 680 per sqft.

Source: Dubai Land Department. Updated 10 November 2020.

Questions about 314, Axis Residences 3

What did unit 314 last sell for?

AED 530,000 on 1 May 2018: AED 655 per sqft for 808 sqft. The unit has 2 registered sales; the first was AED 480,730 in August 2015.

What is the rent for unit 314?

AED 35,000 a year on the contract signed on 10 November 2020. The previous contract, from July 2015, was AED 53,000; the unit has been rented since April 2013.

How big is unit 314?

808 sqft (75.1 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2009.

What is unit 314 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 3 sold for AED 540,000 to 650,000 in the last 12 months, around AED 680 per sqft.

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Mortgage on 314, Axis Residences 3

Starts from the last sale price (AED 530K, 1 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 530,000
Deposit, UAE resident (20%)
AED 106,000
Deposit, non-resident (40%)
AED 212,000
Monthly over 25 years at 3.7%
AED 2,168

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