513, Axis Residences 8
Sold prices and rental history: sold twice, last in December 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 513, Axis Residences 8
What is 513 worth today?
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Source: Dubai Land Department. Updated 28 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 821 sqft
- Floor
- 5th of 8
- Parking
- 69
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 10,600 /yr
- Last sold
- AED 620K · December 2015
- Building
- Axis Residences 8
About 513, Axis Residences 8
513 is a one-bedroom apartment of 821 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 10 December 2015 for AED 620,000, or AED 755 per sqft, in line with the AED 763 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 28 September 2024, is AED 51,000 a year: a gross yield of 8.2% on the 2015 price, before the service charge of about AED 10,600 a year.
Sales and rents for 513 over time
513 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 513 sits
All 111 1-beds →513 last sold in December 2015 at AED 755 per sqft, in line with what one-beds in Axis Residences 8 were fetching at the time (AED 763). 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. 513's AED 51,000 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 | |
| 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 | |
| 514 | 1-bed | 890 sqft | AED 620KAED 620,000 · Jun 2025June 2025 | 32,000 /yr |
513, Axis Residences 8 in numbers
- Sold twice: first on 4 August 2014 for AED 504,694, last on 10 December 2015 for AED 620,000 (AED 755 per sqft).
- Rented since September 2018 on 6 Ejari contracts. The rent fell from AED 51,000 to AED 30,000 in 2021 and recovered to AED 51,000 by September 2024.
- At AED 51,000 a year the gross yield on the 2015 price is 8.2%, before a service charge of about AED 10,600 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 28 September 2024.
Questions about 513, Axis Residences 8
What did unit 513 last sell for?
AED 620,000 on 10 December 2015: AED 755 per sqft for 821 sqft. The unit has 2 registered sales; the first was AED 504,694 in August 2014.
What is the rent for unit 513?
AED 51,000 a year on the contract signed on 28 September 2024. The previous contract, from January 2024, was AED 45,000; the unit has been rented since September 2018.
How big is unit 513?
821 sqft (76.3 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2010.
What is unit 513 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 513, Axis Residences 8
Starts from the last sale price (AED 620K, 10 December 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 620,000
- Deposit, UAE resident (20%)
- AED 124,000
- Deposit, non-resident (40%)
- AED 248,000
- Monthly over 25 years at 3.7%
- AED 2,537
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →