309, Axis Residences 8
Sold prices and rental history: sold once, by the developer in October 2012, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 309, Axis Residences 8
What is 309 worth today?
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Source: Dubai Land Department. Updated 6 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 775 sqft
- Floor
- 3rd of 8
- Parking
- 37
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 10,000 /yr
- Last sold
- AED 665K · October 2012
- Building
- Axis Residences 8
About 309, Axis Residences 8
309 is a one-bedroom apartment of 775 sqft on the 3rd floor of Axis Residences 8, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Gulf General Investments Co. The developer sold it on 4 October 2012 for AED 664,850, or AED 858 per sqft, in line with the AED 849 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, renewed on 6 November 2024, is AED 36,000 a year: a gross yield of 5.4% on the 2012 price, before the service charge of about AED 10,000 a year.
Sales and rents for 309 over time
309 has sold once; 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 8, and where 309 sits
All 111 1-beds →309 last sold in October 2012 at AED 858 per sqft, in line with what one-beds in Axis Residences 8 were fetching at the time (AED 849). Over the last 12 months one-beds sold for AED 630,000 to 860,000, around AED 813 per sqft, and rent for AED 35,000 to 80,000 a year. 309's AED 36,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 May 20264 May 2026 | 661 sqft | 630,000 | 953 | ||
| 10 Mar 202610 March 2026 | 817 sqft | 665,000 | 813 | ||
| 19 Feb 202619 February 2026 | 890 sqft | 650,000 | 730 | ||
| 17 Feb 202617 February 2026 | 920 sqft | 650,000 | 706 |
Axis Residences 8
Building111 apartments, 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2010 by Gulf General Investments Co. 5 sold in the last 12 months.
- Typical price per sqft
- AED 813
- Typical sale
- AED 650K
- Typical rent
- AED 55K /yr
- Typical yield
- 8.5%
Other units on the 3rd floor
All 111 units in Axis Residences 8| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 817 sqft | AED 630KAED 630,000 · Jan 2015January 2015 | 42,735 /yr | |
| 302 | 1-bed | 661 sqft | AED 358KAED 358,000 · Nov 2022November 2022 | 60,000 /yr | |
| 303 | 1-bed | 920 sqft | AED 470KAED 470,000 · Mar 2024March 2024 | 70,000 /yr | |
| 304 | 1-bed | 917 sqft | AED 450KAED 450,000 · Aug 2022August 2022 | 51,000 /yr | |
| 305 | 1-bed | 768 sqft | AED 555KAED 555,000 · Oct 2024October 2024 | ||
| 306 | 1-bed | 831 sqft | AED 650KAED 650,000 · Jan 2014January 2014 | 50,000 /yr | |
| 307 | 1-bed | 864 sqft | AED 650KAED 650,000 · Jan 2014January 2014 | 53,000 /yr | |
| 308 | 1-bed | 842 sqft | AED 700KAED 700,000 · Aug 2015August 2015 | 60,000 /yr | |
| 310 | 1-bed | 924 sqft | AED 820KAED 820,200 · Feb 2013February 2013 | 48,000 /yr | |
| 311 | 1-bed | 931 sqft | AED 1.4MAED 1,396,100 · Oct 2014October 2014 | 43,890 /yr | |
| 312 | 1-bed | 654 sqft | AED 480KAED 480,000 · Sep 2024September 2024 | 65,000 /yr | |
| 313 | 1-bed | 821 sqft | AED 650KAED 650,000 · Jan 2025January 2025 | 42,900 /yr | |
| 314 | 1-bed | 890 sqft | AED 650KAED 650,000 · Feb 2026February 2026 | 55,000 /yr |
309, Axis Residences 8 in numbers
- Sold once: by Gulf General Investments Co on 4 October 2012 for AED 664,850, or AED 858 per sqft.
- Rented since October 2012 on 13 Ejari contracts. The rent fell from AED 36,000 to AED 32,000 in 2022 and recovered to AED 36,000 by November 2024.
- At AED 36,000 a year the gross yield on the 2012 price is 5.4%, before a service charge of about AED 10,000 a year (AED 12.89 per sqft).
- One-beds in Axis Residences 8 sold for AED 630,000–860,000 in the 12 months to November 2026; the building's median across all types is AED 813 per sqft.
Source: Dubai Land Department. Updated 6 November 2024.
Questions about 309, Axis Residences 8
What did unit 309 last sell for?
AED 664,850 on 4 October 2012, sold by the developer: AED 858 per sqft for 775 sqft. It is the only registered sale of the unit.
What is the rent for unit 309?
AED 36,000 a year on the contract renewed on 6 November 2024. The previous contract, from November 2024, was AED 36,000; the unit has been rented since October 2012.
How big is unit 309?
775 sqft (72.0 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2010.
What is unit 309 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 8 sold for AED 630,000 to 860,000 in the last 12 months, around AED 813 per sqft.
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Mortgage on 309, Axis Residences 8
Starts from the last sale price (AED 665K, 4 October 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 664,850
- Deposit, UAE resident (20%)
- AED 132,970
- Deposit, non-resident (40%)
- AED 265,940
- Monthly over 25 years at 3.7%
- AED 2,720
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →