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2-bed · 1,047 sqftAxis Residences 2, Dubai Silicon Oasis · 2nd floor · completed 2014

216-A, Axis Residences 2

Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 216-A · DLD and Ejari recordsUpdated 25 January 2025
Last soldAED 670K9 July 2024
Current rentAED 73K /yr25 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 216-A, Axis Residences 2

What is 216-A worth today?

Last sold for AED 670,000 in 2024

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25 Jan 2025RentedNew contract
AED 73,000/yr12 months · AED 70 per sqft
9 Jul 2024SoldReady
AED 670,000AED 639 per sqft
25 Jan 2024RentedNew contract
AED 68,000/yr12 months · AED 65 per sqft
12 Sep 2023SoldReady · flagged as an outlier
AED 230,000AED 219 per sqft
10 Dec 2022RentedRenewal
AED 47,000/yr12 months · AED 45 per sqft
10 Dec 2021RentedNew contract
AED 43,000/yr12 months · AED 41 per sqft
1 Jul 2020RentedRenewal
AED 45,000/yr12 months · AED 43 per sqft
1 Jul 2019RentedRenewal
AED 56,000/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 25 January 2025.

Key facts

Type
2-bed apartment
Size
1,047 sqft
Floor
2nd of 8
Parking
32,33
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 11,200 /yr
Last sold
AED 670K · July 2024
Building
Axis Residences 2

About 216-A, Axis Residences 2

216-A is a two-bedroom apartment of 1,047 sqft on the 2nd floor of Axis Residences 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Gulf General Investments Co. It last sold on 9 July 2024 for AED 670,000, or AED 639 per sqft, 12% below the AED 725 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, signed on 25 January 2025, is AED 73,000 a year: a gross yield of 10.9% on the 2024 price, before the service charge of about AED 11,200 a year.

Sales and rents for 216-A over time

Rents
Unit 216-A, each contractTypical two-bed in Axis Residences 2
40K60K80K2014201820222026Typical rent by year: 2014 AED 75,500; 2015 AED 73,124; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 55,500; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 42,000; 2023 AED 50,000; 2024 AED 63,000; 2025 AED 63,000; 2026 AED 55,000New contract, July 2016: AED 75,000 a yearRenewal, July 2017: AED 70,000 a yearNew contract, July 2018: AED 65,000 a yearRenewal, July 2019: AED 56,000 a yearRenewal, July 2020: AED 45,000 a yearNew contract, December 2021: AED 43,000 a yearRenewal, December 2022: AED 47,000 a yearNew contract, January 2024: AED 68,000 a yearNew contract, January 2025: AED 73,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Axis Residences 2, and where 216-A sits

All 15 2-beds →

216-A last sold in July 2024 at AED 639 per sqft, 12% below what two-beds in Axis Residences 2 were fetching at the time (AED 725). 216-A's AED 73,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 May 2024850,000
5 Apr 2023635,000
3 Aug 2022490,000
4 Mar 2020504,000
0 2-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 2nd floor

All 284 units in Axis Residences 2
Value
201-A1-bedAED 670K · Mar 2017
201-B1-bedAED 750K · Oct 2015
202-A1-bedAED 720K · Aug 2014
202-B1-bedAED 580K · Feb 2017
203-A1-bedNo registered sale
203-B1-bedAED 380K · Jun 2020
204-A1-bedAED 534K · Dec 2017
1–7 of 31

216-A, Axis Residences 2 in numbers

  • Sold 3 times: first on 5 February 2018 for AED 1,901,200, last on 9 July 2024 for AED 670,000 (AED 639 per sqft).
  • Rented since July 2016 on 9 Ejari contracts. The rent fell from AED 75,000 to AED 43,000 in 2021 and recovered to AED 73,000 by January 2025.
  • At AED 73,000 a year the gross yield on the 2024 price is 10.9%, before a service charge of about AED 11,200 a year (AED 10.71 per sqft).

Source: Dubai Land Department. Updated 25 January 2025.

Questions about 216-A, Axis Residences 2

What did unit 216-A last sell for?

AED 670,000 on 9 July 2024: AED 639 per sqft for 1,047 sqft. The unit has 3 registered sales; the first was AED 1,901,200 in February 2018.

What is the rent for unit 216-A?

AED 73,000 a year on the contract signed on 25 January 2025. The previous contract, from January 2024, was AED 68,000; the unit has been rented since July 2016.

How big is unit 216-A?

1,047 sqft (97.3 sqm): a two-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2014.

What is unit 216-A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 216-A, Axis Residences 2

Starts from the last sale price (AED 670K, 9 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 670,000
Deposit, UAE resident (20%)
AED 134,000
Deposit, non-resident (40%)
AED 268,000
Monthly over 25 years at 3.7%
AED 2,741

Plus AED 33,150 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →