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1-bed · 755 sqftAxis Residences 2, Dubai Silicon Oasis · 5th floor · completed 2014

518-B, Axis Residences 2

Sold prices and rental history: sold twice, last in August 2020, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 518-B · DLD and Ejari recordsUpdated 1 March 2025
Last soldAED 320K3 August 2020
Current rentAED 50K /yr1 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 518-B, Axis Residences 2

What is 518-B worth today?

Last sold for AED 320,000 in 2020

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1 Mar 2025RentedNew contract
AED 49,866/yr12 months · AED 66 per sqft
3 Aug 2020SoldReady
AED 320,000AED 423 per sqft
1 Mar 2019RentedNew contract
AED 40,115/yr12 months · AED 53 per sqft
1 Mar 2017RentedNew contract
AED 54,000/yr12 months · AED 72 per sqft
27 Oct 2015RentedNew contract
AED 54,000/yr12 months · AED 72 per sqft
8 Jul 2015Sold by developerReady
AED 530,525AED 702 per sqft

Source: Dubai Land Department. Updated 1 March 2025.

Key facts

Type
1-bed apartment
Size
755 sqft
Floor
5th of 8
Parking
108
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,100 /yr
Last sold
AED 320K · August 2020
Building
Axis Residences 2

About 518-B, Axis Residences 2

518-B is a one-bedroom apartment of 755 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 3 August 2020 for AED 320,000, or AED 423 per sqft, 5% below the AED 443 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 1 March 2025, is AED 49,866 a year: a gross yield of 15.6% on the 2020 price, before the service charge of about AED 8,100 a year.

Sales and rents for 518-B over time

Sales
Unit 518-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, July 2015: AED 530,525 (AED 702 per sqft)Sold, August 2020: AED 320,000 (AED 423 per sqft)

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

Rents
Unit 518-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 54,000New contract, October 2015: AED 54,000 a yearNew contract, March 2017: AED 54,000 a yearNew contract, March 2019: AED 40,115 a yearNew contract, March 2025: AED 49,866 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 518-B sits

All 262 1-beds →

518-B last sold in August 2020 at AED 423 per sqft, 5% below what one-beds in Axis Residences 2 were fetching at the time (AED 443). 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. 518-B's AED 49,866 is in the upper 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-A1-bedAED 550K · Sep 2016
502-B1-bedAED 544K · Sep 2017
503-A1-bedAED 575K · Sep 2016
503-B1-bedAED 569K · Sep 2017
504-A1-bedNo registered sale
1–7 of 37

518-B, Axis Residences 2 in numbers

  • Sold twice: first on 8 July 2015 for AED 530,525, last on 3 August 2020 for AED 320,000 (AED 423 per sqft).
  • Rented since October 2015 on 4 Ejari contracts. The rent fell from AED 54,000 to AED 40,115 in 2019 and recovered to AED 49,866 by March 2025.
  • At AED 49,866 a year the gross yield on the 2020 price is 15.6%, 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 March 2025.

Questions about 518-B, Axis Residences 2

What did unit 518-B last sell for?

AED 320,000 on 3 August 2020: AED 423 per sqft for 755 sqft. The unit has 2 registered sales; the first was AED 530,525 in July 2015.

What is the rent for unit 518-B?

AED 49,866 a year on the contract signed on 1 March 2025. The previous contract, from March 2019, was AED 40,115; the unit has been rented since October 2015.

How big is unit 518-B?

755 sqft (70.1 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.

What is unit 518-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 518-B, Axis Residences 2

Starts from the last sale price (AED 320K, 3 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 320,000
Deposit, UAE resident (20%)
AED 64,000
Deposit, non-resident (40%)
AED 128,000
Monthly over 25 years at 3.7%
AED 1,309

Plus AED 16,350 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →