1-bed · 756 sqftAxis Residences 2, Dubai Silicon Oasis · 1st floor · completed 2014

114-B, Axis Residences 2

Sold prices and rental history: sold once, by the developer in August 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 114-B · DLD and Ejari recordsUpdated 2 November 2023
Last soldAED 532K28 August 2017
Current rentAED 32K /yr2 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 114-B, Axis Residences 2

What is 114-B worth today?

Last sold for AED 531,542 in 2017

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2 Nov 2023RentedRenewal
AED 32,000/yr12 months · AED 42 per sqft
2 Nov 2022RentedNew contract
AED 32,000/yr12 months · AED 42 per sqft
8 Sep 2021RentedRenewal
AED 30,081/yr12 months · AED 40 per sqft
8 Sep 2020RentedRenewal
AED 30,000/yr12 months · AED 40 per sqft
8 Sep 2019RentedNew contract
AED 37,000/yr12 months · AED 49 per sqft
6 Aug 2018RentedNew contract
AED 46,000/yr12 months · AED 61 per sqft
28 Aug 2017Sold by developerReady
AED 531,542AED 702 per sqft
7 Aug 2017RentedNew contract
AED 48,000/yr12 months · AED 64 per sqft

Source: Dubai Land Department. Updated 2 November 2023.

Key facts

Type
1-bed apartment
Size
756 sqft
Floor
1st of 8
Parking
91
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,100 /yr
Last sold
AED 532K · August 2017

About 114-B, Axis Residences 2

114-B is a one-bedroom apartment of 756 sqft on the 1st floor of Axis Residences 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Gulf General Investments Co. The developer sold it on 28 August 2017 for AED 531,542, or AED 702 per sqft, in line with the AED 693 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 2 November 2023, is AED 32,000 a year: a gross yield of 6.0% on the 2017 price, before the service charge of about AED 8,100 a year.

Sales and rents for 114-B over time

Sales
Unit 114-B, each saleTypical one-bed in Axis Residences 2
400K2013201720212025Typical sale price by year: 2013 AED 466,422; 2014 AED 530,524; 2015 AED 539,797; 2016 AED 547,272; 2017 AED 548,478; 2018 AED 532,169; 2019 AED 380,000; 2020 AED 338,500; 2021 AED 330,000; 2022 AED 325,000; 2023 AED 385,000; 2024 AED 450,000; 2025 AED 540,000Sold by developer, August 2017: AED 531,542 (AED 702 per sqft)

114-B has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 114-B, each contractTypical one-bed in Axis Residences 2
40K60K2014201820222026Typical rent by year: 2014 AED 58,000; 2015 AED 59,000; 2016 AED 58,500; 2017 AED 53,000; 2018 AED 46,000; 2019 AED 38,000; 2020 AED 31,000; 2021 AED 27,600; 2022 AED 32,000; 2023 AED 37,000; 2024 AED 43,560; 2025 AED 46,153; 2026 AED 54,000New contract, June 2014: AED 56,000 a yearNew contract, July 2015: AED 58,000 a yearRenewal, July 2016: AED 58,000 a yearNew contract, August 2017: AED 48,000 a yearNew contract, August 2017: AED 48,000 a yearNew contract, August 2018: AED 46,000 a yearNew contract, September 2019: AED 37,000 a yearRenewal, September 2020: AED 30,000 a yearRenewal, September 2021: AED 30,081 a yearNew contract, November 2022: AED 32,000 a yearRenewal, November 2023: AED 32,000 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 Residences 2, and where 114-B sits

All 262 1-beds →

114-B last sold in August 2017 at AED 702 per sqft, in line with what one-beds in Axis Residences 2 were fetching at the time (AED 693). Over the last 12 months one-beds sold for AED 500,000 to 650,000, around AED 750 per sqft, and rent for AED 22,000 to 60,000 a year. 114-B's AED 32,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jan 2026500,000
8 Jan 2026600,000
10 Jul 2025610,000
8 Jul 2025550,000
3 1-bed sales in the last 12 months

Axis Residences 2

Building

284 apartments, 1-bed to 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2014 by Gulf General Investments Co. 3 sold in the last 12 months.

Typical price per sqft
AED 750
Typical sale
AED 600K
Typical rent
AED 53K /yr
Typical yield
8.7%
Axis Residences 2, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 1st floor

All 284 units in Axis Residences 2
Value
101-A1-bedAED 581K · Oct 2015
101-B1-bedAED 587K · Sep 2016
102-A1-bedAED 591K · Sep 2016
102-B1-bedAED 596K · Aug 2017
103-A1-bedAED 602K · Sep 2016
103-B1-bedAED 602K · Sep 2016
104-A1-bedAED 320K · Sep 2020
1–7 of 29

114-B, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 28 August 2017 for AED 531,542, or AED 702 per sqft.
  • Rented since June 2014 on 11 Ejari contracts, from AED 56,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2017 price is 6.0%, before a service charge of about AED 8,100 a year (AED 10.71 per sqft).
  • One-beds in Axis Residences 2 sold for AED 500,000–650,000 in the 12 months to November 2026; the building's median across all types is AED 750 per sqft.

Source: Dubai Land Department. Updated 2 November 2023.

Questions about 114-B, Axis Residences 2

What did unit 114-B last sell for?

AED 531,542 on 28 August 2017, sold by the developer: AED 702 per sqft for 756 sqft. It is the only registered sale of the unit.

What is the rent for unit 114-B?

AED 32,000 a year on the contract renewed on 2 November 2023. The previous contract, from November 2022, was AED 32,000; the unit has been rented since June 2014.

How big is unit 114-B?

756 sqft (70.2 sqm): a one-bedroom apartment on the 1st floor of a 8-storey tower completed in 2014.

What is unit 114-B 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 2 sold for AED 500,000 to 650,000 in the last 12 months, around AED 750 per sqft.

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Mortgage on 114-B, Axis Residences 2

Starts from the last sale price (AED 532K, 28 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 531,542
Deposit, UAE resident (20%)
AED 106,308
Deposit, non-resident (40%)
AED 212,617
Monthly over 25 years at 3.7%
AED 2,175

Plus AED 27,335 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →