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1-bed · 758 sqftAxis Residences 2, Dubai Silicon Oasis · 5th floor · completed 2014

502-A, Axis Residences 2

Sold prices and rental history: sold once, by the developer in September 2016, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502-A · DLD and Ejari recordsUpdated 10 July 2023
Last soldAED 550K21 September 2016
Current rentAED 35K /yr10 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502-A, Axis Residences 2

What is 502-A worth today?

Last sold for AED 550,373 in 2016

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10 Jul 2023RentedNew contract
AED 34,500/yr12 months · AED 46 per sqft
10 Jul 2021RentedNew contract
AED 25,000/yr12 months · AED 33 per sqft
26 Jun 2020RentedRenewal
AED 34,000/yr12 months · AED 45 per sqft
26 Jun 2019RentedNew contract
AED 42,500/yr12 months · AED 56 per sqft
21 Sep 2016Sold by developerReady
AED 550,373AED 726 per sqft
26 Jun 2016RentedNew contract
AED 58,000/yr12 months · AED 77 per sqft
26 Jun 2015RentedNew contract
AED 58,000/yr12 months · AED 77 per sqft
26 Jun 2015RentedRenewal
AED 62,800/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 10 July 2023.

Key facts

Type
1-bed apartment
Size
758 sqft
Floor
5th of 8
Parking
163
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,100 /yr
Last sold
AED 550K · September 2016
Building
Axis Residences 2

About 502-A, Axis Residences 2

502-A is a one-bedroom apartment of 758 sqft on the 5th 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 21 September 2016 for AED 550,373, or AED 726 per sqft, 7% above the AED 679 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 10 July 2023, is AED 34,500 a year: a gross yield of 6.3% on the 2016 price, before the service charge of about AED 8,100 a year.

Sales and rents for 502-A over time

Sales
Unit 502-A, 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, September 2016: AED 550,373 (AED 726 per sqft)

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

Rents
Unit 502-A, each contractTypical one-bed in Axis Residences 2
20K40K60K2014201820222026Typical 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 57,969 a yearNew contract, June 2015: AED 58,000 a yearRenewal, June 2015: AED 62,800 a yearNew contract, June 2016: AED 58,000 a yearNew contract, June 2019: AED 42,500 a yearRenewal, June 2020: AED 34,000 a yearNew contract, July 2021: AED 25,000 a yearNew contract, July 2023: AED 34,500 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 502-A sits

All 262 1-beds →

502-A last sold in September 2016 at AED 726 per sqft, 7% above what one-beds in Axis Residences 2 were fetching at the time (AED 679). 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. 502-A's AED 34,500 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 5th floor

All 284 units in Axis Residences 2
Value
501-A1-bedAED 580K · Sep 2016
501-B1-bedAED 573K · Nov 2017
502-B1-bedAED 544K · Sep 2017
503-A1-bedAED 575K · Sep 2016
503-B1-bedAED 569K · Sep 2017
504-A1-bedNo registered sale
504-B1-bedAED 400K · Jan 2024
1–7 of 37

502-A, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 21 September 2016 for AED 550,373, or AED 726 per sqft.
  • Rented since May 2014 on 8 Ejari contracts. The rent fell from AED 57,969 to AED 25,000 in 2021 and recovered to AED 34,500 by July 2023.
  • At AED 34,500 a year the gross yield on the 2016 price is 6.3%, 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 10 July 2023.

Questions about 502-A, Axis Residences 2

What did unit 502-A last sell for?

AED 550,373 on 21 September 2016, sold by the developer: AED 726 per sqft for 758 sqft. It is the only registered sale of the unit.

What is the rent for unit 502-A?

AED 34,500 a year on the contract signed on 10 July 2023. The previous contract, from July 2021, was AED 25,000; the unit has been rented since May 2014.

How big is unit 502-A?

758 sqft (70.4 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.

What is unit 502-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 502-A, Axis Residences 2

Starts from the last sale price (AED 550K, 21 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 550,373
Deposit, UAE resident (20%)
AED 110,075
Deposit, non-resident (40%)
AED 220,149
Monthly over 25 years at 3.7%
AED 2,252

Plus AED 28,126 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →