1-bed · 754 sqftAxis Residences 6, Dubai Silicon Oasis · 4th floor · completed 2013

409, Axis Residences 6

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 8 December 2022
Last soldAED 370K8 December 2022
Current rentAED 32K /yr8 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Axis Residences 6

What is 409 worth today?

Last sold for AED 370,000 in 2022

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8 Dec 2022SoldReady
AED 370,000AED 490 per sqft
8 Dec 2021RentedNew contract
AED 32,000/yr12 months · AED 42 per sqft
1 Dec 2020RentedNew contract
AED 30,000/yr12 months · AED 40 per sqft
24 Nov 2019RentedNew contract
AED 35,000/yr12 months · AED 46 per sqft
25 Mar 2019RentedNew contract
AED 40,000/yr12 months · AED 53 per sqft
10 Mar 2018RentedRenewal
AED 52,000/yr12 months · AED 69 per sqft
10 Mar 2017RentedNew contract
AED 56,000/yr12 months · AED 74 per sqft
31 May 2015Sold by developerReady
AED 595,175AED 789 per sqft

Source: Dubai Land Department. Updated 8 December 2022.

Key facts

Type
1-bed apartment
Size
754 sqft
Floor
4th of 8
Parking
65
Developer
Gulf General Investments Co
Completed
2013
Service charge
AED 10,500 /yr
Last sold
AED 370K · December 2022

About 409, Axis Residences 6

409 is a one-bedroom apartment of 754 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 8 December 2022 for AED 370,000, or AED 490 per sqft, 6% above the AED 462 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 8 December 2021, is AED 32,000 a year: a gross yield of 8.6% on the 2022 price, before the service charge of about AED 10,500 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical one-bed in Axis Residences 6
400K600K2014201820222026Typical sale price by year: 2014 AED 588,385; 2015 AED 603,682; 2016 AED 605,000; 2017 AED 555,000; 2018 AED 510,000; 2019 AED 453,894; 2020 AED 370,000; 2022 AED 362,000; 2023 AED 387,500; 2024 AED 435,000; 2025 AED 572,500; 2026 AED 617,500Sold by developer, May 2015: AED 595,175 (AED 789 per sqft)Sold, December 2022: AED 370,000 (AED 490 per sqft)

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

Rents
Unit 409, each contractTypical one-bed in Axis Residences 6
40K60K2013201720212025Typical rent by year: 2013 AED 52,717; 2014 AED 55,000; 2015 AED 60,000; 2016 AED 57,750; 2017 AED 54,000; 2018 AED 50,000; 2019 AED 40,500; 2020 AED 35,952; 2021 AED 30,000; 2022 AED 34,000; 2023 AED 39,000; 2024 AED 48,500; 2025 AED 52,000; 2026 AED 50,000New contract, November 2014: AED 57,000 a yearNew contract, March 2017: AED 56,000 a yearRenewal, March 2018: AED 52,000 a yearNew contract, March 2019: AED 40,000 a yearNew contract, November 2019: AED 35,000 a yearNew contract, December 2020: AED 30,000 a yearNew contract, December 2021: AED 32,000 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 6, and where 409 sits

All 106 1-beds →

409 last sold in December 2022 at AED 490 per sqft, 6% above what one-beds in Axis Residences 6 were fetching at the time (AED 462). 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. 409's AED 32,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Sep 2026610,000
18 Sep 2026615,000
8 Aug 2026570,000
11 Jun 2026548,931
12 1-bed sales in the last 12 months

Axis Residences 6

Building

112 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%
Axis Residences 6, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 4th floor

All 112 units in Axis Residences 6
Value
4011-bedAED 450K · Mar 2018
4021-bedAED 547K · Nov 2014
4031-bedAED 401K · Feb 2023
4041-bedNo registered sale
4051-bedAED 431K · Sep 2023
4061-bedAED 365K · Feb 2023
4071-bedAED 400K · Oct 2022
1–7 of 13

409, Axis Residences 6 in numbers

  • Sold twice: first on 31 May 2015 for AED 595,175, last on 8 December 2022 for AED 370,000 (AED 490 per sqft).
  • Rented since November 2014 on 7 Ejari contracts, from AED 57,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2022 price is 8.6%, before a service charge of about AED 10,500 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 8 December 2022.

Questions about 409, Axis Residences 6

What did unit 409 last sell for?

AED 370,000 on 8 December 2022: AED 490 per sqft for 754 sqft. The unit has 2 registered sales; the first was AED 595,175 in May 2015.

What is the rent for unit 409?

AED 32,000 a year on the contract signed on 8 December 2021. The previous contract, from December 2020, was AED 30,000; the unit has been rented since November 2014.

How big is unit 409?

754 sqft (70.0 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2013.

What is unit 409 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 409, Axis Residences 6

Starts from the last sale price (AED 370K, 8 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

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