407, Axis Residences 6
Sold prices and rental history: sold twice, last in October 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Axis Residences 6
What is 407 worth today?
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Source: Dubai Land Department. Updated 15 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 870 sqft
- Floor
- 4th of 8
- Parking
- 57
- Developer
- Gulf General Investments Co
- Completed
- 2013
- Service charge
- AED 12,100 /yr
- Last sold
- AED 400K · October 2022
- Building
- Axis Residences 6
About 407, Axis Residences 6
407 is a one-bedroom apartment of 870 sqft on the 4th floor of Axis Residences 6, a 8-storey tower in Dubai Silicon Oasis completed in 2013 by Gulf General Investments Co. It last sold on 25 October 2022 for AED 400,000, or AED 459 per sqft, in line with the AED 461 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 15 June 2024, is AED 72,000 a year: a gross yield of 18.0% on the 2022 price, before the service charge of about AED 12,100 a year.
Sales and rents for 407 over time
407 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 6, and where 407 sits
All 106 1-beds →407 last sold in October 2022 at AED 459 per sqft, in line with what one-beds in Axis Residences 6 were fetching at the time (AED 461). Over the last 12 months one-beds sold for AED 535,000 to 725,000, around AED 820 per sqft, and rent for AED 25,000 to 90,000 a year. 407's AED 72,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Sep 202622 September 2026 | 743 sqft | 610,000 | 820 | ||
| 18 Sep 202618 September 2026 | 847 sqft | 615,000 | 725 | ||
| 8 Aug 20268 August 2026 | 743 sqft | 570,000 | 766 | ||
| 11 Jun 202611 June 2026 | 847 sqft | 548,931 | 647 |
Axis Residences 6
Building112 apartments, 1-bed to 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2013 by Gulf General Investments Co. 14 sold in the last 12 months.
- Typical price per sqft
- AED 820 Up 14.1%
- Typical sale
- AED 618K
- Typical rent
- AED 51K /yr
- Typical yield
- 8.4%
Other units on the 4th floor
All 112 units in Axis Residences 6| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 743 sqft | AED 450KAED 450,000 · Mar 2018March 2018 | 50,000 /yr | |
| 402 | 1-bed | 661 sqft | AED 547KAED 547,233 · Nov 2014November 2014 | 42,500 /yr | |
| 403 | 1-bed | 848 sqft | AED 401KAED 400,500 · Feb 2023February 2023 | 55,000 /yr | |
| 404 | 1-bed | 846 sqft | No registered sale | 45,000 /yr | |
| 405 | 1-bed | 757 sqft | AED 431KAED 430,544 · Sep 2023September 2023 | 50,000 /yr | |
| 406 | 1-bed | 756 sqft | AED 365KAED 365,000 · Feb 2023February 2023 | 48,000 /yr | |
| 408 | 1-bed | 728 sqft | AED 540KAED 540,000 · Jun 2018June 2018 | 50,000 /yr | |
| 409 | 1-bed | 754 sqft | AED 370KAED 370,000 · Dec 2022December 2022 | 32,000 /yr | |
| 410 | 1-bed | 847 sqft | AED 510KAED 510,000 · Jan 2018January 2018 | 48,500 /yr | |
| 411 | 1-bed | 841 sqft | AED 377KAED 377,000 · Feb 2024February 2024 | 36,000 /yr | |
| 412 | 1-bed | 663 sqft | AED 630KAED 630,000 · Jan 2026January 2026 | 60,000 /yr | |
| 413 | 1-bed | 729 sqft | AED 587KAED 586,850 · Jun 2015June 2015 | 39,848 /yr | |
| 414 | 1-bed | 855 sqft | AED 610KAED 610,000 · Nov 2016November 2016 | 57,000 /yr |
407, Axis Residences 6 in numbers
- Sold twice: first on 11 May 2015 for AED 679,602, last on 25 October 2022 for AED 400,000 (AED 459 per sqft).
- Rented since May 2015 on 7 Ejari contracts. The rent fell from AED 60,000 to AED 38,000 in 2019 and recovered to AED 72,000 by June 2024.
- At AED 72,000 a year the gross yield on the 2022 price is 18.0%, before a service charge of about AED 12,100 a year (AED 13.96 per sqft).
- One-beds in Axis Residences 6 sold for AED 535,000–725,000 in the 12 months to November 2026; the building's median across all types is AED 820 per sqft.
Source: Dubai Land Department. Updated 15 June 2024.
Questions about 407, Axis Residences 6
What did unit 407 last sell for?
AED 400,000 on 25 October 2022: AED 459 per sqft for 870 sqft. The unit has 2 registered sales; the first was AED 679,602 in May 2015.
What is the rent for unit 407?
AED 72,000 a year on the contract signed on 15 June 2024. The previous contract, from October 2019, was AED 38,000; the unit has been rented since May 2015.
How big is unit 407?
870 sqft (80.8 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2013.
What is unit 407 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 6 sold for AED 535,000 to 725,000 in the last 12 months, around AED 820 per sqft.
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Mortgage on 407, Axis Residences 6
Starts from the last sale price (AED 400K, 25 October 2022). 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 →