1-bed · 924 sqftAxis Residences 8, Dubai Silicon Oasis · 5th floor · completed 2010

510, Axis Residences 8

Sold prices and rental history: sold 3 times, last in June 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 20 May 2024
Last soldAED 450K15 June 2021
Current rentAED 20K /yr20 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Axis Residences 8

What is 510 worth today?

Last sold for AED 450,000 in 2021

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20 May 2024RentedRenewal
AED 19,982/yr36 months · AED 22 per sqft
20 May 2023RentedNew contract
AED 34,906/yr12 months · AED 38 per sqft
15 Jun 2021SoldReady
AED 450,000AED 486 per sqft
20 Apr 2020RentedRenewal
AED 37,000/yr13 months · AED 40 per sqft
20 Apr 2019RentedNew contract
AED 42,000/yr12 months · AED 45 per sqft
15 Aug 2014RentedNew contract
AED 65,000/yr12 months · AED 70 per sqft
1 Jul 2013RentedNew contract
AED 34,000/yr12 months · AED 37 per sqft
15 May 2013SoldReady
AED 475,200AED 514 per sqft

Source: Dubai Land Department. Updated 20 May 2024.

Key facts

Type
1-bed apartment
Size
924 sqft
Floor
5th of 8
Parking
66
Developer
Gulf General Investments Co
Completed
2010
Service charge
AED 11,900 /yr
Last sold
AED 450K · June 2021

About 510, Axis Residences 8

510 is a one-bedroom apartment of 924 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 15 June 2021 for AED 450,000, or AED 486 per sqft, 11% above the AED 439 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 20 May 2024, is AED 19,982 a year: a gross yield of 4.4% on the 2021 price, before the service charge of about AED 11,900 a year.

Sales and rents for 510 over time

Sales
Unit 510, each saleTypical one-bed in Axis Residences 8
500K750K20112015201920232027Typical sale price by year: 2011 AED 562,900; 2012 AED 664,850; 2013 AED 506,185; 2014 AED 622,728; 2015 AED 649,751; 2016 AED 617,500; 2017 AED 572,500; 2021 AED 394,000; 2022 AED 350,000; 2023 AED 402,500; 2024 AED 500,000; 2025 AED 596,611; 2026 AED 650,000Sold by developer, March 2013: AED 880,600 (AED 952 per sqft)Sold, May 2013: AED 475,200 (AED 514 per sqft)Sold, June 2021: AED 450,000 (AED 486 per sqft)

510 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 510, each contractTypical one-bed in Axis Residences 8
25K50K2012201620202024Typical rent by year: 2012 AED 36,500; 2013 AED 40,000; 2014 AED 49,133; 2015 AED 55,000; 2016 AED 58,000; 2017 AED 54,000; 2018 AED 50,000; 2019 AED 42,000; 2020 AED 35,000; 2021 AED 30,000; 2022 AED 32,000; 2023 AED 37,000; 2024 AED 47,500; 2025 AED 54,000; 2026 AED 55,000New contract, July 2013: AED 34,000 a yearNew contract, August 2014: AED 65,000 a yearNew contract, April 2019: AED 42,000 a yearRenewal, April 2020: AED 37,000 a yearNew contract, May 2023: AED 34,906 a yearRenewal, May 2024: AED 19,982 a year

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 510 sits

All 111 1-beds →

510 last sold in June 2021 at AED 486 per sqft, 11% above what one-beds in Axis Residences 8 were fetching at the time (AED 439). 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. 510's AED 19,982 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 May 2026630,000
10 Mar 2026665,000
19 Feb 2026650,000
17 Feb 2026650,000
5 1-bed sales in the last 12 months

Axis Residences 8

Building

111 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%
Axis Residences 8, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 5th floor

All 111 units in Axis Residences 8
Value
5011-bedAED 1.39M · Apr 2014
5021-bedAED 610K · Feb 2017
5031-bedAED 250K · Jul 2013
5041-bedAED 670K · Nov 2015
5051-bedAED 325K · Feb 2022
5061-bedAED 500K · Sep 2024
5071-bedAED 432K · Jan 2016
1–7 of 13

510, Axis Residences 8 in numbers

  • Sold 3 times: first on 24 March 2013 for AED 880,600, last on 15 June 2021 for AED 450,000 (AED 486 per sqft).
  • Rented since July 2013 on 6 Ejari contracts, from AED 34,000 to AED 19,982 a year.
  • At AED 19,982 a year the gross yield on the 2021 price is 4.4%, before a service charge of about AED 11,900 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 20 May 2024.

Questions about 510, Axis Residences 8

What did unit 510 last sell for?

AED 450,000 on 15 June 2021: AED 486 per sqft for 924 sqft. The unit has 3 registered sales; the first was AED 880,600 in March 2013.

What is the rent for unit 510?

AED 19,982 a year on the contract renewed on 20 May 2024. The previous contract, from May 2023, was AED 34,906; the unit has been rented since July 2013.

How big is unit 510?

924 sqft (85.8 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2010.

What is unit 510 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 510, Axis Residences 8

Starts from the last sale price (AED 450K, 15 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →