511, Axis Residences 8
Sold prices and rental history: sold once, by the developer in November 2011, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 511, Axis Residences 8
What is 511 worth today?
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Source: Dubai Land Department. Updated 15 July 2019.
Key facts
- Type
- 1-bed apartment
- Size
- 931 sqft
- Floor
- 5th of 8
- Parking
- 67
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 12,000 /yr
- Last sold
- AED 803K · November 2011
- Building
- Axis Residences 8
About 511, Axis Residences 8
511 is a one-bedroom apartment of 931 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. The developer sold it on 22 November 2011 for AED 802,550, or AED 862 per sqft, 32% above the AED 655 one-beds in the building were fetching at the time.
It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 15 July 2019, is AED 49,000 a year: a gross yield of 6.1% on the 2011 price, before the service charge of about AED 12,000 a year.
Sales and rents for 511 over time
511 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 511 sits
All 111 1-beds →511 last sold in November 2011 at AED 862 per sqft, 32% above what one-beds in Axis Residences 8 were fetching at the time (AED 655). 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. 511's AED 49,000 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 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 | |
| 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 | |
| 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 |
511, Axis Residences 8 in numbers
- Sold once: by Gulf General Investments Co on 22 November 2011 for AED 802,550, or AED 862 per sqft.
- Rented since July 2018 on 2 Ejari contracts, from AED 50,000 to AED 49,000 a year.
- At AED 49,000 a year the gross yield on the 2011 price is 6.1%, 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 15 July 2019.
Questions about 511, Axis Residences 8
What did unit 511 last sell for?
AED 802,550 on 22 November 2011, sold by the developer: AED 862 per sqft for 931 sqft. It is the only registered sale of the unit.
What is the rent for unit 511?
AED 49,000 a year on the contract signed on 15 July 2019. The previous contract, from July 2018, was AED 50,000.
How big is unit 511?
931 sqft (86.5 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2010.
What is unit 511 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 511, Axis Residences 8
Starts from the last sale price (AED 803K, 22 November 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 802,550
- Deposit, UAE resident (20%)
- AED 160,510
- Deposit, non-resident (40%)
- AED 321,020
- Monthly over 25 years at 3.7%
- AED 3,283
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →