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

709, Axis Silver 1

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

Unit 709 · DLD and Ejari recordsUpdated 16 February 2024
Last soldAED 666K22 January 2024
Current rentAED 35K /yr16 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 709, Axis Silver 1

What is 709 worth today?

Last sold for AED 666,000 in 2024

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16 Feb 2024RentedNew contract
AED 35,000/yr60 months · AED 43 per sqft
22 Jan 2024SoldReady
AED 666,000AED 821 per sqft
16 Aug 2023SoldReady
AED 495,000AED 610 per sqft
13 Jul 2023SoldReady
AED 487,226AED 600 per sqft
6 Jan 2021RentedNew contract
AED 36,000/yr12 months · AED 45 per sqft
10 May 2020RentedNew contract
AED 42,000/yr12 months · AED 52 per sqft
21 Mar 2019RentedNew contract
AED 50,000/yr12 months · AED 62 per sqft
15 Oct 2018Sold by developerReady
AED 764,005AED 941 per sqft

Source: Dubai Land Department. Updated 16 February 2024.

Key facts

Type
1-bed apartment
Size
811 sqft
Floor
7th of 8
Parking
G-124
Developer
Gulf General Investments Co
Completed
2015
Service charge
AED 10,500 /yr
Last sold
AED 666K · January 2024

About 709, Axis Silver 1

709 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 22 January 2024 for AED 666,000, or AED 821 per sqft, 35% above the AED 610 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 16 February 2024, is AED 35,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 709 over time

Sales
Unit 709, 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 941 per sqft)Sold, July 2023: AED 487,226 (AED 600 per sqft)Sold, August 2023: AED 495,000 (AED 610 per sqft)Sold, January 2024: AED 666,000 (AED 821 per sqft)

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

Rents
Unit 709, 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, March 2019: AED 50,000 a yearNew contract, May 2020: AED 42,000 a yearNew contract, January 2021: AED 36,000 a yearNew contract, February 2024: AED 35,000 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 709 sits

All 120 1-beds →

709 last sold in January 2024 at AED 821 per sqft, 35% 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. 709's AED 35,000 is at the bottom 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
7071-bedAED 650K · Feb 2024
1–7 of 14

709, Axis Silver 1 in numbers

  • Sold 4 times: first on 15 October 2018 for AED 764,005, last on 22 January 2024 for AED 666,000 (AED 821 per sqft).
  • Rented since March 2019 on 4 Ejari contracts, from AED 50,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2024 price is 5.3%, 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 16 February 2024.

Questions about 709, Axis Silver 1

What did unit 709 last sell for?

AED 666,000 on 22 January 2024: AED 821 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 709?

AED 35,000 a year on the contract signed on 16 February 2024. The previous contract, from January 2021, was AED 36,000; the unit has been rented since March 2019.

How big is unit 709?

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

What is unit 709 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 709, Axis Silver 1

Starts from the last sale price (AED 666K, 22 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 666,000
Deposit, UAE resident (20%)
AED 133,200
Deposit, non-resident (40%)
AED 266,400
Monthly over 25 years at 3.7%
AED 2,725

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