311, Axis Residences 8
Sold prices and rental history: sold once, by the developer in October 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 311, Axis Residences 8
What is 311 worth today?
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Source: Dubai Land Department. Updated 5 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 931 sqft
- Floor
- 3rd of 8
- Parking
- 39
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 12,000 /yr
- Last sold
- AED 1.4M · October 2014
- Building
- Axis Residences 8
About 311, Axis Residences 8
311 is a one-bedroom apartment of 931 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 20 October 2014 for AED 1,396,100, or AED 1,499 per sqft, 101% above the AED 745 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 5 December 2024, is AED 43,890 a year: a gross yield of 3.1% on the 2014 price, before the service charge of about AED 12,000 a year.
Sales and rents for 311 over time
311 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 311 sits
All 111 1-beds →311 last sold in October 2014 at AED 1,499 per sqft, 101% above what one-beds in Axis Residences 8 were fetching at the time (AED 745). 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. 311's AED 43,890 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 | |
| 309 | 1-bed | 775 sqft | AED 665KAED 664,850 · Oct 2012October 2012 | 36,000 /yr | |
| 310 | 1-bed | 924 sqft | AED 820KAED 820,200 · Feb 2013February 2013 | 48,000 /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 |
311, Axis Residences 8 in numbers
- Sold once: by Gulf General Investments Co on 20 October 2014 for AED 1,396,100, or AED 1,499 per sqft.
- Rented since March 2014 on 5 Ejari contracts. The rent fell from AED 58,000 to AED 5,074 in 2020 and recovered to AED 43,890 by December 2024.
- At AED 43,890 a year the gross yield on the 2014 price is 3.1%, before a service charge of about AED 12,000 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 5 December 2024.
Questions about 311, Axis Residences 8
What did unit 311 last sell for?
AED 1,396,100 on 20 October 2014, sold by the developer: AED 1,499 per sqft for 931 sqft. It is the only registered sale of the unit.
What is the rent for unit 311?
AED 43,890 a year on the contract renewed on 5 December 2024. The previous contract, from December 2023, was AED 41,800; the unit has been rented since March 2014.
How big is unit 311?
931 sqft (86.5 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2010.
What is unit 311 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 311, Axis Residences 8
Starts from the last sale price (AED 1.4M, 20 October 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,396,100
- Deposit, UAE resident (20%)
- AED 279,220
- Deposit, non-resident (40%)
- AED 558,440
- Monthly over 25 years at 3.7%
- AED 5,712
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →