1-bed · 808 sqftAxis Residences 3, Dubai Silicon Oasis · 8th floor · completed 2009

803, Axis Residences 3

Sold prices and rental history: sold twice, last in November 2015, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 803 · DLD and Ejari recordsUpdated 1 November 2020
Last soldAED 600K23 November 2015
Current rentAED 28K /yr1 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 803, Axis Residences 3

What is 803 worth today?

Last sold for AED 600,000 in 2015

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1 Nov 2020RentedNew contract
AED 28,000/yr12 months · AED 35 per sqft
21 Oct 2017RentedNew contract
AED 45,000/yr12 months · AED 56 per sqft
23 Nov 2015SoldReady
AED 600,000AED 742 per sqft
3 Feb 2013Sold by developerReady
AED 464,571AED 575 per sqft
15 Sep 2012RentedNew contract
AED 32,000/yr12 months · AED 40 per sqft

Source: Dubai Land Department. Updated 1 November 2020.

Key facts

Type
1-bed apartment
Size
808 sqft
Floor
8th of 8
Parking
115
Developer
Gulf General Investments Co
Completed
2009
Service charge
AED 9,700 /yr
Last sold
AED 600K · November 2015

About 803, Axis Residences 3

803 is a one-bedroom apartment of 808 sqft on the 8th 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 23 November 2015 for AED 600,000, or AED 742 per sqft, 8% below the AED 804 one-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 1 November 2020, is AED 28,000 a year: a gross yield of 4.7% on the 2015 price, before the service charge of about AED 9,700 a year.

Sales and rents for 803 over time

Sales
Unit 803, 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, February 2013: AED 464,571 (AED 575 per sqft)Sold, November 2015: AED 600,000 (AED 742 per sqft)

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

Rents
Unit 803, 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, September 2012: AED 32,000 a yearNew contract, October 2017: AED 45,000 a yearNew contract, November 2020: AED 28,000 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 803 sits

All 128 1-beds →

803 last sold in November 2015 at AED 742 per sqft, 8% below what one-beds in Axis Residences 3 were fetching at the time (AED 804). 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. 803's AED 28,000 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 8th floor

All 128 units in Axis Residences 3
Value
8011-bedAED 500K · Feb 2013
8021-bedAED 500K · Feb 2013
8041-bedAED 500K · Feb 2013
8051-bedAED 500K · Feb 2013
8061-bedNo registered sale
8071-bedAED 1.26M · Jun 2016
8081-bedAED 1.59M · Jun 2015
1–7 of 15

803, Axis Residences 3 in numbers

  • Sold twice: first on 3 February 2013 for AED 464,571, last on 23 November 2015 for AED 600,000 (AED 742 per sqft).
  • Rented since September 2012 on 3 Ejari contracts, from AED 32,000 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2015 price is 4.7%, 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 1 November 2020.

Questions about 803, Axis Residences 3

What did unit 803 last sell for?

AED 600,000 on 23 November 2015: AED 742 per sqft for 808 sqft. The unit has 2 registered sales; the first was AED 464,571 in February 2013.

What is the rent for unit 803?

AED 28,000 a year on the contract signed on 1 November 2020. The previous contract, from October 2017, was AED 45,000; the unit has been rented since September 2012.

How big is unit 803?

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

What is unit 803 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 803, Axis Residences 3

Starts from the last sale price (AED 600K, 23 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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