708, Axis Residences 5
Sold prices and rental history: sold twice, last in January 2024, 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 708, Axis Residences 5
What is 708 worth today?
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Source: Dubai Land Department. Updated 25 January 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 808 sqft
- Floor
- 7th of 8
- Parking
- 103
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 11,000 /yr
- Last sold
- AED 400K · January 2024
- Building
- Axis Residences 5
About 708, Axis Residences 5
708 is a one-bedroom apartment of 808 sqft on the 7th floor of Axis Residences 5, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Gulf General Investments Co. It last sold on 25 January 2024 for AED 400,000, or AED 495 per sqft, 6% above the AED 468 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, signed on 20 December 2023, is AED 45,000 a year: a gross yield of 11.3% on the 2024 price, before the service charge of about AED 11,000 a year.
Sales and rents for 708 over time
708 has sold twice; 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 5, and where 708 sits
All 112 1-beds →708 last sold in January 2024 at AED 495 per sqft, 6% above what one-beds in Axis Residences 5 were fetching at the time (AED 468). Over the last 12 months one-beds sold for AED 250,000 to 625,000, around AED 765 per sqft, and rent for AED 35,000 to 70,800 a year. 708's AED 45,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Jul 20262 July 2026 | 844 sqft | 620,000 | 734 | ||
| 8 Apr 20268 April 2026 | 364 sqft | 250,000 | 686 | ||
| 23 Mar 202623 March 2026 | 762 sqft | 625,000 | 820 | ||
| 17 Mar 202617 March 2026 | 797 sqft | 610,000 | 765 |
Axis Residences 5
Building112 apartments, 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2010 by Gulf General Investments Co. 7 sold in the last 12 months.
- Typical price per sqft
- AED 765
- Typical sale
- AED 615K
- Typical rent
- AED 48K /yr
- Typical yield
- 8.0%
Other units on the 7th floor
All 112 units in Axis Residences 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 762 sqft | AED 416KAED 416,381 · May 2022May 2022 | 44,100 /yr | |
| 702 | 1-bed | 652 sqft | AED 400KAED 400,000 · Jan 2024January 2024 | 28,000 /yr | |
| 703 | 1-bed | 854 sqft | AED 420KAED 420,000 · Oct 2023October 2023 | 42,525 /yr | |
| 704 | 1-bed | 855 sqft | AED 461KAED 461,160 · Jun 2014June 2014 | 45,000 /yr | |
| 705 | 1-bed | 758 sqft | AED 370KAED 370,000 · May 2012May 2012 | 55,000 /yr | |
| 706 | 1-bed | 797 sqft | AED 330KAED 330,000 · Sep 2022September 2022 | 26,000 /yr | |
| 707 | 1-bed | 855 sqft | AED 445KAED 445,416 · May 2022May 2022 | 45,200 /yr | |
| 709 | 1-bed | 729 sqft | AED 394KAED 394,226 · May 2022May 2022 | 45,200 /yr | |
| 710 | 1-bed | 867 sqft | AED 1.34MAED 1,343,400 · May 2015May 2015 | 35,000 /yr | |
| 711 | 1-bed | 889 sqft | No registered sale | 48,000 /yr | |
| 712 | 1-bed | 610 sqft | AED 400KAED 400,000 · Jan 2024January 2024 | 46,000 /yr | |
| 713 | 1-bed | 784 sqft | AED 505KAED 505,400 · Jun 2015June 2015 | 44,400 /yr | |
| 714 | 1-bed | 844 sqft | AED 480KAED 480,000 · Apr 2024April 2024 | 28,000 /yr |
708, Axis Residences 5 in numbers
- Sold twice: first on 27 October 2015 for AED 508,900, last on 25 January 2024 for AED 400,000 (AED 495 per sqft).
- Rented since January 2013 on 12 Ejari contracts, from AED 32,000 to AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2024 price is 11.3%, before a service charge of about AED 11,000 a year (AED 13.65 per sqft).
- One-beds in Axis Residences 5 sold for AED 250,000–625,000 in the 12 months to November 2026; the building's median across all types is AED 765 per sqft.
Source: Dubai Land Department. Updated 25 January 2024.
Questions about 708, Axis Residences 5
What did unit 708 last sell for?
AED 400,000 on 25 January 2024: AED 495 per sqft for 808 sqft. The unit has 2 registered sales; the first was AED 508,900 in October 2015.
What is the rent for unit 708?
AED 45,000 a year on the contract signed on 20 December 2023. The previous contract, from December 2023, was AED 45,000; the unit has been rented since January 2013.
How big is unit 708?
808 sqft (75.1 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2010.
What is unit 708 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 5 sold for AED 250,000 to 625,000 in the last 12 months, around AED 765 per sqft.
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Mortgage on 708, Axis Residences 5
Starts from the last sale price (AED 400K, 25 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →