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1-bed · 758 sqftAxis Residences 2, Dubai Silicon Oasis · 4th floor · completed 2014

402-B, Axis Residences 2

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402-B · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 547K18 October 2015
Current rentAED 35K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 402-B, Axis Residences 2

What is 402-B worth today?

Last sold for AED 546,623 in 2015

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1 Nov 2023RentedRenewal
AED 35,000/yr12 months · AED 46 per sqft
1 Nov 2022RentedNew contract
AED 31,000/yr12 months · AED 41 per sqft
23 Oct 2021RentedNew contract
AED 27,000/yr12 months · AED 36 per sqft
1 Oct 2020RentedNew contract
AED 28,000/yr12 months · AED 37 per sqft
25 Jul 2018RentedRenewal
AED 50,000/yr12 months · AED 66 per sqft
25 Jul 2017RentedNew contract
AED 52,000/yr12 months · AED 69 per sqft
1 Jun 2016RentedRenewal
AED 60,162/yr12 months · AED 80 per sqft
18 Oct 2015Sold by developerReady
AED 546,623AED 721 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
1-bed apartment
Size
758 sqft
Floor
4th of 8
Parking
53
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,100 /yr
Last sold
AED 547K · October 2015
Building
Axis Residences 2

About 402-B, Axis Residences 2

402-B is a one-bedroom apartment of 758 sqft on the 4th 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 18 October 2015 for AED 546,623, or AED 721 per sqft, 5% above the AED 684 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 35,000 a year: a gross yield of 6.4% on the 2015 price, before the service charge of about AED 8,100 a year.

Sales and rents for 402-B over time

Sales
Unit 402-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, October 2015: AED 546,623 (AED 721 per sqft)

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

Rents
Unit 402-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 54,000Renewal, June 2015: AED 58,000 a yearRenewal, June 2016: AED 60,162 a yearNew contract, July 2017: AED 52,000 a yearRenewal, July 2018: AED 50,000 a yearNew contract, October 2020: AED 28,000 a yearNew contract, October 2021: AED 27,000 a yearNew contract, November 2022: AED 31,000 a yearRenewal, November 2023: 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 Residences 2, and where 402-B sits

All 262 1-beds →

402-B last sold in October 2015 at AED 721 per sqft, 5% above what one-beds in Axis Residences 2 were fetching at the time (AED 684). 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. 402-B's AED 35,000 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 4th floor

All 284 units in Axis Residences 2
Value
401-AAED 585K · Nov 2025
401-B1-bedAED 557K · Oct 2015
402-A1-bedAED 564K · Sep 2015
403-A1-bedAED 527K · Dec 2017
403-B1-bedAED 375K · Oct 2019
404-A1-bedAED 566K · Jul 2015
404-B1-bedAED 330K · Oct 2021
1–7 of 37

402-B, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 18 October 2015 for AED 546,623, or AED 721 per sqft.
  • Rented since June 2015 on 8 Ejari contracts. The rent fell from AED 58,000 to AED 27,000 in 2021 and recovered to AED 35,000 by November 2023.
  • At AED 35,000 a year the gross yield on the 2015 price is 6.4%, 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 1 November 2023.

Questions about 402-B, Axis Residences 2

What did unit 402-B last sell for?

AED 546,623 on 18 October 2015, sold by the developer: AED 721 per sqft for 758 sqft. It is the only registered sale of the unit.

What is the rent for unit 402-B?

AED 35,000 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 31,000; the unit has been rented since June 2015.

How big is unit 402-B?

758 sqft (70.4 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2014.

What is unit 402-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 402-B, Axis Residences 2

Starts from the last sale price (AED 547K, 18 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 546,623
Deposit, UAE resident (20%)
AED 109,325
Deposit, non-resident (40%)
AED 218,649
Monthly over 25 years at 3.7%
AED 2,236

Plus AED 27,968 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →