508, Axis Residences 8
Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Axis Residences 8
What is 508 worth today?
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Source: Dubai Land Department. Updated 12 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 842 sqft
- Floor
- 5th of 8
- Parking
- 64
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 10,900 /yr
- Last sold
- AED 520K · August 2024
- Building
- Axis Residences 8
About 508, Axis Residences 8
508 is a one-bedroom apartment of 842 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 12 August 2024 for AED 520,000, or AED 617 per sqft, 18% above the AED 523 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 18 January 2024, is AED 34,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 10,900 a year.
Sales and rents for 508 over time
508 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 508 sits
All 111 1-beds →508 last sold in August 2024 at AED 617 per sqft, 18% above what one-beds in Axis Residences 8 were fetching at the time (AED 523). 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. 508's AED 34,000 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 | |
| 505 | 1-bed | 768 sqft | AED 325KAED 325,000 · Feb 2022February 2022 | 31,000 /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 | |
| 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 |
508, Axis Residences 8 in numbers
- Sold twice: first on 30 June 2014 for AED 500,829, last on 12 August 2024 for AED 520,000 (AED 617 per sqft).
- Rented since February 2015 on 8 Ejari contracts. The rent fell from AED 41,140 to AED 27,000 in 2022 and recovered to AED 34,000 by January 2024.
- At AED 34,000 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 10,900 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 12 August 2024.
Questions about 508, Axis Residences 8
What did unit 508 last sell for?
AED 520,000 on 12 August 2024: AED 617 per sqft for 842 sqft. The unit has 2 registered sales; the first was AED 500,829 in June 2014.
What is the rent for unit 508?
AED 34,000 a year on the contract renewed on 18 January 2024. The previous contract, from January 2023, was AED 31,000; the unit has been rented since February 2015.
How big is unit 508?
842 sqft (78.2 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2010.
What is unit 508 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 508, Axis Residences 8
Starts from the last sale price (AED 520K, 12 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 520,000
- Deposit, UAE resident (20%)
- AED 104,000
- Deposit, non-resident (40%)
- AED 208,000
- Monthly over 25 years at 3.7%
- AED 2,127
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →