616, Axis Residences 3
Sold prices and rental history: sold once, by the developer in February 2012, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 616, Axis Residences 3
What is 616 worth today?
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Source: Dubai Land Department. Updated 15 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 857 sqft
- Floor
- 6th of 8
- Parking
- 96
- Developer
- Gulf General Investments Co
- Completed
- 2009
- Service charge
- AED 10,200 /yr
- Last sold
- AED 547K · February 2012
- Building
- Axis Residences 3
About 616, Axis Residences 3
616 is a one-bedroom apartment of 857 sqft on the 6th 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 20 February 2012 for AED 546,914, or AED 637 per sqft, 7% above the AED 593 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 15 November 2024, is AED 48,000 a year: a gross yield of 8.8% on the 2012 price, before the service charge of about AED 10,200 a year.
Sales and rents for 616 over time
616 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 616 sits
All 128 1-beds →616 last sold in February 2012 at AED 637 per sqft, 7% above what one-beds in Axis Residences 3 were fetching at the time (AED 593). 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. 616's AED 48,000 is in the upper 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 6th floor
All 128 units in Axis Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 855 sqft | AED 470KAED 470,355 · May 2012May 2012 | 54,000 /yr | |
| 602 | 1-bed | 809 sqft | AED 530KAED 530,000 · Feb 2025February 2025 | 55,000 /yr | |
| 603 | 1-bed | 808 sqft | AED 380KAED 380,000 · Apr 2023April 2023 | 38,000 /yr | |
| 604 | 1-bed | 968 sqft | AED 625KAED 625,000 · Dec 2017December 2017 | 53,000 /yr | |
| 605 | 1-bed | 968 sqft | AED 570KAED 570,000 · Aug 2025August 2025 | 37,500 /yr | |
| 606 | 1-bed | 808 sqft | AED 547KAED 546,914 · Feb 2012February 2012 | 50,400 /yr | |
| 607 | 1-bed | 751 sqft | AED 435KAED 435,000 · Jan 2012January 2012 | 52,000 /yr | |
| 608 | 1-bed | 870 sqft | AED 500KAED 500,000 · Jul 2013July 2013 | 41,580 /yr | |
| 609 | 1-bed | 870 sqft | AED 520KAED 519,600 · Nov 2011November 2011 | 40,000 /yr | |
| 610 | 1-bed | 751 sqft | AED 435KAED 435,000 · Jan 2012January 2012 | 55,000 /yr | |
| 611 | 1-bed | 808 sqft | AED 478KAED 477,600 · Jan 2012January 2012 | 38,000 /yr | |
| 612 | 1-bed | 968 sqft | AED 430KAED 430,000 · Sep 2023September 2023 | 38,000 /yr | |
| 613 | 1-bed | 968 sqft | AED 547KAED 546,914 · Feb 2012February 2012 | 41,140 /yr | |
| 614 | 1-bed | 808 sqft | AED 547KAED 546,914 · Feb 2012February 2012 | 46,023 /yr | |
| 615 | 1-bed | 813 sqft | AED 565KAED 565,000 · Nov 2024November 2024 | 60,000 /yr |
616, Axis Residences 3 in numbers
- Sold once: by Gulf General Investments Co on 20 February 2012 for AED 546,914, or AED 637 per sqft.
- Rented since September 2016 on 4 Ejari contracts. The rent fell from AED 63,000 to AED 35,500 in 2022 and recovered to AED 48,000 by November 2024.
- At AED 48,000 a year the gross yield on the 2012 price is 8.8%, before a service charge of about AED 10,200 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 15 November 2024.
Questions about 616, Axis Residences 3
What did unit 616 last sell for?
AED 546,914 on 20 February 2012, sold by the developer: AED 637 per sqft for 857 sqft. It is the only registered sale of the unit.
What is the rent for unit 616?
AED 48,000 a year on the contract signed on 15 November 2024. The previous contract, from November 2022, was AED 35,500; the unit has been rented since September 2016.
How big is unit 616?
857 sqft (79.6 sqm): a one-bedroom apartment on the 6th floor of a 8-storey tower completed in 2009.
What is unit 616 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 616, Axis Residences 3
Starts from the last sale price (AED 547K, 20 February 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 546,914
- Deposit, UAE resident (20%)
- AED 109,383
- Deposit, non-resident (40%)
- AED 218,766
- Monthly over 25 years at 3.7%
- AED 2,238
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →