1-bed · 811 sqftAxis Silver 1, Dubai Silicon Oasis · 7th floor · completed 2015

707, Axis Silver 1

Sold prices and rental history: sold 4 times, last in February 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 707 · DLD and Ejari recordsUpdated 20 August 2024
Last soldAED 650K26 February 2024
Current rentAED 58K /yr20 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 707, Axis Silver 1

What is 707 worth today?

Last sold for AED 650,000 in 2024

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20 Aug 2024RentedNew contract
AED 58,000/yr12 months · AED 72 per sqft
26 Feb 2024SoldReady
AED 650,000AED 801 per sqft
16 Aug 2023SoldReady
AED 495,000AED 610 per sqft
13 Jul 2023SoldReady
AED 487,226AED 600 per sqft
27 May 2019RentedNew contract
AED 50,000/yr13 months · AED 62 per sqft
15 Oct 2018Sold by developerReady
AED 764,005AED 942 per sqft

Source: Dubai Land Department. Updated 20 August 2024.

Key facts

Type
1-bed apartment
Size
811 sqft
Floor
7th of 8
Parking
G-123
Developer
Gulf General Investments Co
Completed
2015
Service charge
AED 10,500 /yr
Last sold
AED 650K · February 2024

About 707, Axis Silver 1

707 is a one-bedroom apartment of 811 sqft on the 7th floor of Axis Silver 1, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Gulf General Investments Co. It last sold on 26 February 2024 for AED 650,000, or AED 801 per sqft, 31% above the AED 610 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 20 August 2024, is AED 58,000 a year: a gross yield of 8.9% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 707 over time

Sales
Unit 707, each saleTypical one-bed in Axis Silver 1
600K800K20152018202120242027Typical sale price by year: 2015 AED 814,487; 2018 AED 739,125; 2019 AED 650,930; 2020 AED 643,591; 2021 AED 492,500; 2022 AED 520,000; 2023 AED 495,000; 2024 AED 655,000; 2025 AED 740,394; 2026 AED 810,000Sold by developer, October 2018: AED 764,005 (AED 942 per sqft)Sold, July 2023: AED 487,226 (AED 600 per sqft)Sold, August 2023: AED 495,000 (AED 610 per sqft)Sold, February 2024: AED 650,000 (AED 801 per sqft)

707 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 707, each contractTypical one-bed in Axis Silver 1
40K60K2018202120242027Typical rent by year: 2018 AED 57,000; 2019 AED 48,000; 2020 AED 40,750; 2021 AED 36,000; 2022 AED 38,000; 2023 AED 43,000; 2024 AED 48,000; 2025 AED 58,000; 2026 AED 59,250New contract, May 2019: AED 50,000 a yearNew contract, August 2024: AED 58,000 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 Silver 1, and where 707 sits

All 120 1-beds →

707 last sold in February 2024 at AED 801 per sqft, 31% above what one-beds in Axis Silver 1 were fetching at the time (AED 610). Over the last 12 months one-beds sold for AED 750,000 to 890,000, around AED 987 per sqft, and rent for AED 38,557 to 80,000 a year. 707's AED 58,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Aug 2026890,000
20 Apr 2026800,000
4 Mar 2026825,000
16 Feb 2026850,000
12 1-bed sales in the last 12 months

Axis Silver 1

Building

120 apartments, 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2015 by Gulf General Investments Co. 12 sold in the last 12 months.

Typical price per sqft
AED 987 Up 10.8%
Typical sale
AED 800K
Typical rent
AED 60K /yr
Typical yield
7.4%
Axis Silver 1, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 7th floor

All 120 units in Axis Silver 1
Value
7011-bedAED 700K · Nov 2023
7021-bedAED 810K · Sep 2025
7031-bedAED 650K · Feb 2024
7041-bedAED 660K · Jan 2024
7051-bedAED 650K · Feb 2024
7061-bedAED 650K · Feb 2024
7081-bedAED 655K · Jun 2024
1–7 of 14

707, Axis Silver 1 in numbers

  • Sold 4 times: first on 15 October 2018 for AED 764,005, last on 26 February 2024 for AED 650,000 (AED 801 per sqft).
  • Rented since May 2019 on 2 Ejari contracts, from AED 50,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2024 price is 8.9%, before a service charge of about AED 10,500 a year (AED 12.98 per sqft).
  • One-beds in Axis Silver 1 sold for AED 750,000–890,000 in the 12 months to November 2026; the building's median across all types is AED 987 per sqft.

Source: Dubai Land Department. Updated 20 August 2024.

Questions about 707, Axis Silver 1

What did unit 707 last sell for?

AED 650,000 on 26 February 2024: AED 801 per sqft for 811 sqft. The unit has 4 registered sales; the first was AED 764,005 in October 2018.

What is the rent for unit 707?

AED 58,000 a year on the contract signed on 20 August 2024. The previous contract, from May 2019, was AED 50,000.

How big is unit 707?

811 sqft (75.3 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.

What is unit 707 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Axis Silver 1 sold for AED 750,000 to 890,000 in the last 12 months, around AED 987 per sqft.

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Mortgage on 707, Axis Silver 1

Starts from the last sale price (AED 650K, 26 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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