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2-bed · 1,047 sqftAxis Residences 2, Dubai Silicon Oasis · 5th floor · completed 2014

519-A, Axis Residences 2

Sold prices and rental history: sold once, by the developer in July 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 519-A · DLD and Ejari recordsUpdated 25 March 2024
Last soldAED 733K26 July 2015
Current rentAED 62K /yr25 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 519-A, Axis Residences 2

What is 519-A worth today?

Last sold for AED 732,831 in 2015

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25 Mar 2024RentedNew contract
AED 62,000/yr12 months · AED 59 per sqft
15 Nov 2022RentedRenewal
AED 45,000/yr12 months · AED 43 per sqft
15 Nov 2021RentedRenewal
AED 40,000/yr12 months · AED 38 per sqft
15 Nov 2020RentedNew contract
AED 40,000/yr12 months · AED 38 per sqft
15 Aug 2018RentedNew contract
AED 60,000/yr12 months · AED 57 per sqft
1 May 2017RentedNew contract
AED 75,000/yr12 months · AED 72 per sqft
26 Jul 2015Sold by developerReady
AED 732,831AED 700 per sqft
3 Jun 2014RentedNew contract
AED 80,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 25 March 2024.

Key facts

Type
2-bed apartment
Size
1,047 sqft
Floor
5th of 8
Parking
180,181
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 11,200 /yr
Last sold
AED 733K · July 2015
Building
Axis Residences 2

About 519-A, Axis Residences 2

519-A is a two-bedroom apartment of 1,047 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 26 July 2015 for AED 732,831, or AED 700 per sqft.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 25 March 2024, is AED 62,000 a year: a gross yield of 8.5% on the 2015 price, before the service charge of about AED 11,200 a year.

Sales and rents for 519-A over time

Rents
Unit 519-A, each contractTypical two-bed in Axis Residences 2
40K60K80K2014201820222026Typical rent by year: 2014 AED 75,500; 2015 AED 73,124; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 55,500; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 42,000; 2023 AED 50,000; 2024 AED 63,000; 2025 AED 63,000; 2026 AED 55,000New contract, June 2014: AED 80,000 a yearNew contract, May 2017: AED 75,000 a yearNew contract, August 2018: AED 60,000 a yearNew contract, November 2020: AED 40,000 a yearRenewal, November 2021: AED 40,000 a yearRenewal, November 2022: AED 45,000 a yearNew contract, March 2024: AED 62,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Axis Residences 2, and where 519-A sits

All 15 2-beds →

519-A's AED 62,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Jul 2024670,000
17 May 2024850,000
12 Sep 2023230,000
5 Apr 2023635,000
0 2-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

519-A, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 26 July 2015 for AED 732,831, or AED 700 per sqft.
  • Rented since June 2014 on 7 Ejari contracts. The rent fell from AED 80,000 to AED 40,000 in 2021 and recovered to AED 62,000 by March 2024.
  • At AED 62,000 a year the gross yield on the 2015 price is 8.5%, before a service charge of about AED 11,200 a year (AED 10.71 per sqft).

Source: Dubai Land Department. Updated 25 March 2024.

Questions about 519-A, Axis Residences 2

What did unit 519-A last sell for?

AED 732,831 on 26 July 2015, sold by the developer: AED 700 per sqft for 1,047 sqft. It is the only registered sale of the unit.

What is the rent for unit 519-A?

AED 62,000 a year on the contract signed on 25 March 2024. The previous contract, from November 2022, was AED 45,000; the unit has been rented since June 2014.

How big is unit 519-A?

1,047 sqft (97.3 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.

What is unit 519-A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 519-A, Axis Residences 2

Starts from the last sale price (AED 733K, 26 July 2015). Switch to today's estimate once you have unlocked it.
Price
AED 732,831
Deposit, UAE resident (20%)
AED 146,566
Deposit, non-resident (40%)
AED 293,132
Monthly over 25 years at 3.7%
AED 2,998

Plus AED 35,789 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →