316, Axis Residences 7
Sold prices and rental history: sold once, by the developer in July 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 316, Axis Residences 7
What is 316 worth today?
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Source: Dubai Land Department. Updated 25 June 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,061 sqft
- Floor
- 3rd of 5
- Parking
- G-108
- Developer
- Gulf General Investments Co
- Completed
- 2009
- Service charge
- AED 12,700 /yr
- Last sold
- AED 800K · July 2017
- Building
- Axis Residences 7
About 316, Axis Residences 7
316 is a two-bedroom apartment of 1,061 sqft on the 3rd floor of Axis Residences 7, a 5-storey tower in Dubai Silicon Oasis completed in 2009 by Gulf General Investments Co. The developer sold it on 26 July 2017 for AED 800,200, or AED 754 per sqft.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 25 June 2022, is AED 40,000 a year: a gross yield of 5.0% on the 2017 price, before the service charge of about AED 12,700 a year.
2-beds in Axis Residences 7, and where 316 sits
All 2 2-beds →| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Jul 201726 July 2017 | 1,061 sqft | 800,200 | 754 |
Axis Residences 7
Building7 apartments, 1-bed to 2-bed over 5 floors in Dubai Silicon Oasis, completed in 2009 by Gulf General Investments Co. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 55K /yr
- Typical yield
Other units on the 3rd floor
All 7 units in Axis Residences 7316, Axis Residences 7 in numbers
- Sold once: by Gulf General Investments Co on 26 July 2017 for AED 800,200, or AED 754 per sqft.
- Rented since November 2017 on 6 Ejari contracts, from AED 60,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2017 price is 5.0%, before a service charge of about AED 12,700 a year (AED 11.95 per sqft).
Source: Dubai Land Department. Updated 25 June 2022.
Questions about 316, Axis Residences 7
What did unit 316 last sell for?
AED 800,200 on 26 July 2017, sold by the developer: AED 754 per sqft for 1,061 sqft. It is the only registered sale of the unit.
What is the rent for unit 316?
AED 40,000 a year on the contract renewed on 25 June 2022. The previous contract, from June 2021, was AED 40,000; the unit has been rented since November 2017.
How big is unit 316?
1,061 sqft (98.6 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2009.
What is unit 316 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 316, Axis Residences 7
Starts from the last sale price (AED 800K, 26 July 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 800,200
- Deposit, UAE resident (20%)
- AED 160,040
- Deposit, non-resident (40%)
- AED 320,080
- Monthly over 25 years at 3.7%
- AED 3,274
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →