1-bed · 800 sqftAxis Residences 2, Dubai Silicon Oasis · 3rd floor · completed 2014

312-A, Axis Residences 2

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

Unit 312-A · DLD and Ejari recordsUpdated 16 July 2023
Last soldAED 580K10 May 2017
Current rentAED 34K /yr16 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 312-A, Axis Residences 2

What is 312-A worth today?

Last sold for AED 580,000 in 2017

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16 Jul 2023RentedRenewal
AED 34,000/yr12 months · AED 43 per sqft
16 Jul 2022RentedRenewal
AED 30,000/yr12 months · AED 38 per sqft
15 Jul 2019RentedNew contract
AED 42,000/yr12 months · AED 53 per sqft
15 Jul 2018RentedRenewal
AED 52,000/yr12 months · AED 65 per sqft
10 May 2017SoldReady
AED 580,000AED 725 per sqft
16 Jun 2016RentedRenewal
AED 62,000/yr12 months · AED 78 per sqft
29 Oct 2015Sold by developerReady
AED 558,635AED 698 per sqft
16 Jun 2015RentedNew contract
AED 62,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 16 July 2023.

Key facts

Type
1-bed apartment
Size
800 sqft
Floor
3rd of 8
Parking
45
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,600 /yr
Last sold
AED 580K · May 2017

About 312-A, Axis Residences 2

312-A is a one-bedroom apartment of 800 sqft on the 3rd 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 10 May 2017 for AED 580,000, or AED 725 per sqft, 6% above the AED 686 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 16 July 2023, is AED 34,000 a year: a gross yield of 5.9% on the 2017 price, before the service charge of about AED 8,600 a year.

Sales and rents for 312-A over time

Sales
Unit 312-A, each saleTypical one-bed in Axis Residences 2
400K600K2013201720212025Typical 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, October 2015: AED 558,635 (AED 698 per sqft)Sold, May 2017: AED 580,000 (AED 725 per sqft)

312-A has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 312-A, 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, May 2014: AED 55,000 a yearNew contract, June 2015: AED 62,000 a yearRenewal, June 2016: AED 62,000 a yearRenewal, July 2018: AED 52,000 a yearNew contract, July 2019: AED 42,000 a yearRenewal, July 2022: AED 30,000 a yearRenewal, July 2023: AED 34,000 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 312-A sits

All 262 1-beds →

312-A last sold in May 2017 at AED 725 per sqft, 6% above what one-beds in Axis Residences 2 were fetching at the time (AED 686). 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. 312-A's AED 34,000 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 3rd floor

All 284 units in Axis Residences 2
Value
301-A1-bedAED 754K · Aug 2017
301-B1-bedAED 754K · Sep 2017
302-A1-bedAED 800K · Oct 2015
302-B1-bedAED 592K · Aug 2016
303-A1-bedAED 622K · Sep 2015
303-B1-bedAED 520K · Apr 2025
304-A1-bedAED 400K · Jan 2024
1–7 of 31

312-A, Axis Residences 2 in numbers

  • Sold twice: first on 29 October 2015 for AED 558,635, last on 10 May 2017 for AED 580,000 (AED 725 per sqft).
  • Rented since May 2014 on 7 Ejari contracts. The rent fell from AED 55,000 to AED 30,000 in 2022 and recovered to AED 34,000 by July 2023.
  • At AED 34,000 a year the gross yield on the 2017 price is 5.9%, before a service charge of about AED 8,600 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 16 July 2023.

Questions about 312-A, Axis Residences 2

What did unit 312-A last sell for?

AED 580,000 on 10 May 2017: AED 725 per sqft for 800 sqft. The unit has 2 registered sales; the first was AED 558,635 in October 2015.

What is the rent for unit 312-A?

AED 34,000 a year on the contract renewed on 16 July 2023. The previous contract, from July 2022, was AED 30,000; the unit has been rented since May 2014.

How big is unit 312-A?

800 sqft (74.3 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2014.

What is unit 312-A 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 312-A, Axis Residences 2

Starts from the last sale price (AED 580K, 10 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 580,000
Deposit, UAE resident (20%)
AED 116,000
Deposit, non-resident (40%)
AED 232,000
Monthly over 25 years at 3.7%
AED 2,373

Plus AED 29,370 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →