515-B, Axis Residences 2
Sold prices and rental history: sold 3 times, last in July 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515-B, Axis Residences 2
What is 515-B worth today?
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Source: Dubai Land Department. Updated 25 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 800 sqft
- Floor
- 5th of 8
- Parking
- 111
- Developer
- Gulf General Investments Co
- Completed
- 2014
- Service charge
- AED 8,600 /yr
- Last sold
- AED 385K · July 2023
- Building
- Axis Residences 2
About 515-B, Axis Residences 2
515-B is a one-bedroom apartment of 800 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. It last sold on 26 July 2023 for AED 385,000, or AED 481 per sqft, 6% above the AED 452 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 12 Ejari contracts. The current contract, renewed on 25 December 2024, is AED 45,000 a year: a gross yield of 11.7% on the 2023 price, before the service charge of about AED 8,600 a year.
Sales and rents for 515-B over time
515-B has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 515-B sits
All 262 1-beds →515-B last sold in July 2023 at AED 481 per sqft, 6% above what one-beds in Axis Residences 2 were fetching at the time (AED 452). 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. 515-B's AED 45,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jan 202623 January 2026 | 750 sqft | 500,000 | 666 | ||
| 8 Jan 20268 January 2026 | 800 sqft | 600,000 | 750 | ||
| 10 Jul 202510 July 2025 | 822 sqft | 610,000 | 741 | ||
| 8 Jul 20258 July 2025 | 773 sqft | 550,000 | 711 |
Axis Residences 2
Building284 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%
Other units on the 5th floor
All 284 units in Axis Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501-A | 1-bed | 843 sqft | AED 580KAED 579,530 · Sep 2016September 2016 | 44,625 /yr | |
| 501-B | 1-bed | 843 sqft | AED 573KAED 573,161 · Nov 2017November 2017 | 33,500 /yr | |
| 502-A | 1-bed | 758 sqft | AED 550KAED 550,373 · Sep 2016September 2016 | 34,500 /yr | |
| 502-B | 1-bed | 758 sqft | AED 544KAED 544,325 · Sep 2017September 2017 | 46,305 /yr | |
| 503-A | 1-bed | 853 sqft | AED 575KAED 575,249 · Sep 2016September 2016 | 42,680 /yr | |
| 503-B | 1-bed | 853 sqft | AED 569KAED 568,928 · Sep 2017September 2017 | 53,000 /yr | |
| 504-A | 1-bed | 770 sqft | No registered sale | 30,000 /yr | |
| 504-B | 1-bed | 770 sqft | AED 400KAED 400,000 · Jan 2024January 2024 | 55,000 /yr | |
| 505-A | 1-bed | 791 sqft | AED 587KAED 586,863 · Sep 2016September 2016 | 39,500 /yr | |
| 505-B | 1-bed | 791 sqft | AED 587KAED 586,862 · Sep 2016September 2016 | 44,000 /yr | |
| 506-A | 1-bed | 822 sqft | AED 564KAED 563,505 · Sep 2016September 2016 | 40,425 /yr | |
| 506-B | 1-bed | 822 sqft | AED 300KAED 300,000 · Jan 2022January 2022 | 28,000 /yr | |
| 507-A | 1-bed | 802 sqft | AED 440KAED 440,000 · Jan 2024January 2024 | 55,000 /yr | |
| 507-B | 1-bed | 802 sqft | AED 549KAED 548,637 · Sep 2016September 2016 | 40,315 /yr | |
| 508-A | 1-bed | 822 sqft | AED 563KAED 562,810 · Nov 2017November 2017 | 48,500 /yr | |
| 508-B | 1-bed | 822 sqft | AED 346KAED 346,000 · Feb 2022February 2022 | 55,000 /yr | |
| 509-A | 1-bed | 794 sqft | AED 495KAED 495,000 · Feb 2019February 2019 | 36,750 /yr | |
| 509-B | 1-bed | 794 sqft | AED 543KAED 543,281 · Sep 2016September 2016 | 10,000 /yr | |
| 510-A | 1-bed | 846 sqft | AED 537KAED 536,709 · Sep 2015September 2015 | 42,504 /yr | |
| 510-B | 1-bed | 846 sqft | No registered sale | 63,000 /yr | |
| 511-A | 1-bed | 793 sqft | AED 547KAED 546,623 · Sep 2015September 2015 | ||
| 511-B | 1-bed | 793 sqft | AED 543KAED 542,648 · Sep 2016September 2016 | 39,500 /yr | |
| 512-A | 1-bed | 750 sqft | No registered sale | 30,000 /yr | |
| 512-B | 1-bed | 750 sqft | No registered sale | 30,000 /yr | |
| 513-A | 1-bed | 793 sqft | AED 385KAED 385,000 · Mar 2023March 2023 | 50,000 /yr | |
| 513-B | 1-bed | 793 sqft | AED 530KAED 530,000 · May 2017May 2017 | 52,000 /yr | |
| 514-A | 1-bed | 749 sqft | AED 490KAED 490,000 · Apr 2025April 2025 | 47,000 /yr | |
| 514-B | 1-bed | 749 sqft | AED 514KAED 513,791 · Sep 2016September 2016 | 38,000 /yr | |
| 515-A | 1-bed | 800 sqft | AED 569KAED 568,792 · Aug 2017August 2017 | 50,000 /yr | |
| 516-A | 769 sqft | AED 530KAED 530,000 · Aug 2025August 2025 | 39,675 /yr | ||
| 516-B | 1-bed | 769 sqft | AED 529KAED 528,616 · Sep 2015September 2015 | 40,700 /yr | |
| 517-A | 1-bed | 773 sqft | AED 322KAED 322,000 · Sep 2020September 2020 | 51,000 /yr | |
| 517-B | 1-bed | 773 sqft | AED 315KAED 315,000 · Mar 2022March 2022 | 56,000 /yr | |
| 518-A | 1-bed | 755 sqft | No registered sale | 39,000 /yr | |
| 518-B | 1-bed | 755 sqft | AED 320KAED 320,000 · Aug 2020August 2020 | 49,866 /yr | |
| 519-A | 2-bed | 1,047 sqft | AED 733KAED 732,831 · Jul 2015July 2015 | 62,000 /yr | |
| 519-B | 2-bed | 1,047 sqft | AED 733KAED 732,831 · May 2018May 2018 | 50,000 /yr |
515-B, Axis Residences 2 in numbers
- Sold 3 times: first on 7 November 2017 for AED 548,478, last on 26 July 2023 for AED 385,000 (AED 481 per sqft).
- Rented since June 2014 on 12 Ejari contracts. The rent fell from AED 60,000 to AED 25,000 in 2020 and recovered to AED 45,000 by December 2024.
- At AED 45,000 a year the gross yield on the 2023 price is 11.7%, 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 25 December 2024.
Questions about 515-B, Axis Residences 2
What did unit 515-B last sell for?
AED 385,000 on 26 July 2023: AED 481 per sqft for 800 sqft. The unit has 3 registered sales; the first was AED 548,478 in November 2017.
What is the rent for unit 515-B?
AED 45,000 a year on the contract renewed on 25 December 2024. The previous contract, from December 2024, was AED 45,000; the unit has been rented since June 2014.
How big is unit 515-B?
800 sqft (74.3 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.
What is unit 515-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 515-B, Axis Residences 2
Starts from the last sale price (AED 385K, 26 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 385,000
- Deposit, UAE resident (20%)
- AED 77,000
- Deposit, non-resident (40%)
- AED 154,000
- Monthly over 25 years at 3.7%
- AED 1,575
Plus AED 19,080 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →