408, Axis Residences 3
Sold prices and rental history: sold once, by the developer in January 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Axis Residences 3
What is 408 worth today?
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Source: Dubai Land Department. Updated 1 December 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 870 sqft
- Floor
- 4th of 8
- Parking
- 55
- Developer
- Gulf General Investments Co
- Completed
- 2009
- Service charge
- AED 10,400 /yr
- Last sold
- AED 517K · January 2012
- Building
- Axis Residences 3
About 408, Axis Residences 3
408 is a one-bedroom apartment of 870 sqft on the 4th floor of Axis Residences 3, a 8-storey tower in Dubai Silicon Oasis completed in 2009 by Gulf General Investments Co. The developer sold it on 5 January 2012 for AED 516,600, or AED 593 per sqft, in line with the AED 591 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 1 December 2023, is AED 36,000 a year: a gross yield of 7.0% on the 2012 price, before the service charge of about AED 10,400 a year.
Sales and rents for 408 over time
408 has sold once; the dashed line is the one-bed median of each year in the building.
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 408 sits
All 128 1-beds →408 last sold in January 2012 at AED 593 per sqft, in line with what one-beds in Axis Residences 3 were fetching at the time (AED 591). 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. 408's AED 36,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 809 sqft | 540,000 | 667 | ||
| 8 Sep 20268 September 2026 | 808 sqft | 610,000 | 755 | ||
| 19 Jun 202619 June 2026 | 808 sqft | 600,000 | 742 | ||
| 12 Mar 202612 March 2026 | 968 sqft | 610,000 | 630 |
Axis Residences 3
Building128 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%
Other units on the 4th floor
All 128 units in Axis Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 855 sqft | AED 770KAED 770,000 · Apr 2016April 2016 | ||
| 402 | 1-bed | 809 sqft | No registered sale | 42,504 /yr | |
| 403 | 1-bed | 808 sqft | AED 610KAED 610,000 · Sep 2026September 2026 | 50,000 /yr | |
| 404 | 1-bed | 968 sqft | AED 620KAED 620,000 · Dec 2025December 2025 | 47,143 /yr | |
| 405 | 1-bed | 968 sqft | AED 436KAED 436,300 · Feb 2022February 2022 | 32,000 /yr | |
| 406 | 1-bed | 808 sqft | AED 348KAED 348,000 · Dec 2022December 2022 | 57,000 /yr | |
| 407 | 1-bed | 751 sqft | AED 360KAED 360,000 · Feb 2020February 2020 | 48,000 /yr | |
| 409 | 1-bed | 870 sqft | AED 520KAED 520,000 · May 2025May 2025 | 47,000 /yr | |
| 410 | 1-bed | 751 sqft | AED 578KAED 578,000 · Apr 2015April 2015 | 46,000 /yr | |
| 411 | 1-bed | 808 sqft | AED 400KAED 400,000 · Mar 2013March 2013 | 37,260 /yr | |
| 412 | 1-bed | 968 sqft | AED 422KAED 422,000 · Sep 2022September 2022 | 52,000 /yr | |
| 413 | 1-bed | 968 sqft | AED 600KAED 600,000 · Nov 2015November 2015 | 41,000 /yr | |
| 414 | 1-bed | 808 sqft | AED 905KAED 905,186 · Feb 2015February 2015 | 31,000 /yr | |
| 415 | 1-bed | 813 sqft | AED 931KAED 930,779 · Feb 2015February 2015 | 53,000 /yr | |
| 416 | 1-bed | 857 sqft | AED 313KAED 312,500 · Jan 2016January 2016 | 45,000 /yr |
408, Axis Residences 3 in numbers
- Sold once: by Gulf General Investments Co on 5 January 2012 for AED 516,600, or AED 593 per sqft.
- Rented since January 2013 on 8 Ejari contracts. The rent fell from AED 34,286 to AED 28,000 in 2021 and recovered to AED 36,000 by December 2023.
- At AED 36,000 a year the gross yield on the 2012 price is 7.0%, before a service charge of about AED 10,400 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 1 December 2023.
Questions about 408, Axis Residences 3
What did unit 408 last sell for?
AED 516,600 on 5 January 2012, sold by the developer: AED 593 per sqft for 870 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 36,000 a year on the contract renewed on 1 December 2023. The previous contract, from December 2023, was AED 36,000; the unit has been rented since January 2013.
How big is unit 408?
870 sqft (80.8 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2009.
What is unit 408 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 408, Axis Residences 3
Starts from the last sale price (AED 517K, 5 January 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 516,600
- Deposit, UAE resident (20%)
- AED 103,320
- Deposit, non-resident (40%)
- AED 206,640
- Monthly over 25 years at 3.7%
- AED 2,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →