505, Axis Residences 8
Sold prices and rental history: sold twice, last in February 2022, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Axis Residences 8
What is 505 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 7 February 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 768 sqft
- Floor
- 5th of 8
- Parking
- 61
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 9,900 /yr
- Last sold
- AED 325K · February 2022
- Building
- Axis Residences 8
About 505, Axis Residences 8
505 is a one-bedroom apartment of 768 sqft on the 5th floor of Axis Residences 8, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Gulf General Investments Co. It last sold on 7 February 2022 for AED 325,000, or AED 423 per sqft, 6% below the AED 449 one-beds in the building were fetching at the time.
It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 10 November 2020, is AED 31,000 a year: a gross yield of 9.5% on the 2022 price, before the service charge of about AED 9,900 a year.
Sales and rents for 505 over time
505 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 8, and where 505 sits
All 111 1-beds →505 last sold in February 2022 at AED 423 per sqft, 6% below what one-beds in Axis Residences 8 were fetching at the time (AED 449). 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. 505's AED 31,000 is at the bottom 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 5th floor
All 111 units in Axis Residences 8| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 817 sqft | AED 1.39MAED 1,391,100 · Apr 2014April 2014 | 57,750 /yr | |
| 502 | 1-bed | 661 sqft | AED 610KAED 610,000 · Feb 2017February 2017 | 50,000 /yr | |
| 503 | 1-bed | 920 sqft | AED 250KAED 250,000 · Jul 2013July 2013 | 50,000 /yr | |
| 504 | 1-bed | 917 sqft | AED 670KAED 670,000 · Nov 2015November 2015 | 35,000 /yr | |
| 506 | 1-bed | 831 sqft | AED 500KAED 500,000 · Sep 2024September 2024 | 57,000 /yr | |
| 507 | 1-bed | 864 sqft | AED 432KAED 432,000 · Jan 2016January 2016 | 53,000 /yr | |
| 508 | 1-bed | 842 sqft | AED 520KAED 520,000 · Aug 2024August 2024 | 34,000 /yr | |
| 509 | 1-bed | 775 sqft | AED 641KAED 640,625 · Feb 2013February 2013 | 40,000 /yr | |
| 510 | 1-bed | 924 sqft | AED 450KAED 450,000 · Jun 2021June 2021 | 19,982 /yr | |
| 511 | 1-bed | 931 sqft | AED 803KAED 802,550 · Nov 2011November 2011 | 49,000 /yr | |
| 512 | 1-bed | 654 sqft | AED 1.13MAED 1,125,900 · Jan 2020January 2020 | 49,500 /yr | |
| 513 | 1-bed | 821 sqft | AED 620KAED 620,000 · Dec 2015December 2015 | 51,000 /yr | |
| 514 | 1-bed | 890 sqft | AED 620KAED 620,000 · Jun 2025June 2025 | 32,000 /yr |
505, Axis Residences 8 in numbers
- Sold twice: first on 12 February 2012 for AED 654,920, last on 7 February 2022 for AED 325,000 (AED 423 per sqft).
- Rented since January 2013 on 3 Ejari contracts, from AED 32,308 to AED 31,000 a year.
- At AED 31,000 a year the gross yield on the 2022 price is 9.5%, before a service charge of about AED 9,900 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 7 February 2022.
Questions about 505, Axis Residences 8
What did unit 505 last sell for?
AED 325,000 on 7 February 2022: AED 423 per sqft for 768 sqft. The unit has 2 registered sales; the first was AED 654,920 in February 2012.
What is the rent for unit 505?
AED 31,000 a year on the contract signed on 10 November 2020. The previous contract, from February 2014, was AED 36,000; the unit has been rented since January 2013.
How big is unit 505?
768 sqft (71.3 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2010.
What is unit 505 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.
Selling 505? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 505, Axis Residences 8
Starts from the last sale price (AED 325K, 7 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 325,000
- Deposit, UAE resident (20%)
- AED 65,000
- Deposit, non-resident (40%)
- AED 130,000
- Monthly over 25 years at 3.7%
- AED 1,330
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →