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1-bed · 773 sqftAxis Residences 2, Dubai Silicon Oasis · 6th floor · completed 2014

617-B, Axis Residences 2

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 617-B · DLD and Ejari recordsUpdated 25 January 2025
Last soldAED 525K16 December 2024
Current rentAED 52K /yr25 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 617-B, Axis Residences 2

What is 617-B worth today?

Last sold for AED 525,000 in 2024

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25 Jan 2025RentedNew contract
AED 52,000/yr12 months · AED 67 per sqft
16 Dec 2024SoldReady
AED 525,000AED 679 per sqft
20 Oct 2023RentedRenewal
AED 39,500/yr12 months · AED 51 per sqft
20 Oct 2022RentedRenewal
AED 33,000/yr12 months · AED 43 per sqft
20 Oct 2021RentedRenewal
AED 29,000/yr12 months · AED 37 per sqft
20 Oct 2020RentedRenewal
AED 29,000/yr12 months · AED 37 per sqft
2 Jun 2018RentedRenewal
AED 53,000/yr12 months · AED 68 per sqft
2 Jun 2016RentedNew contract
AED 55,650/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 25 January 2025.

Key facts

Type
1-bed apartment
Size
773 sqft
Floor
6th of 8
Parking
225
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,300 /yr
Last sold
AED 525K · December 2024
Building
Axis Residences 2

About 617-B, Axis Residences 2

617-B is a one-bedroom apartment of 773 sqft on the 6th 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 16 December 2024 for AED 525,000, or AED 679 per sqft, 19% above the AED 571 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 25 January 2025, is AED 52,000 a year: a gross yield of 9.9% on the 2024 price, before the service charge of about AED 8,300 a year.

Sales and rents for 617-B over time

Sales
Unit 617-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 469,276 (AED 607 per sqft)Sold, December 2024: AED 525,000 (AED 679 per sqft)

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

Rents
Unit 617-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, June 2016: AED 55,650 a yearRenewal, June 2018: AED 53,000 a yearRenewal, October 2020: AED 29,000 a yearRenewal, October 2021: AED 29,000 a yearRenewal, October 2022: AED 33,000 a yearRenewal, October 2023: AED 39,500 a yearNew contract, January 2025: AED 52,000 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 617-B sits

All 262 1-beds →

617-B last sold in December 2024 at AED 679 per sqft, 19% above what one-beds in Axis Residences 2 were fetching at the time (AED 571). 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. 617-B's AED 52,000 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 6th floor

All 284 units in Axis Residences 2
Value
601-A1-bedAED 708K · Feb 2015
601-B1-bedAED 464K · Sep 2013
602-A1-bedAED 300K · Aug 2022
602-B1-bedAED 554K · Jul 2017
603-A1-bedAED 469K · Sep 2013
603-B1-bedAED 300K · May 2023
604-A1-bedAED 435K · Nov 2018
1–7 of 37

617-B, Axis Residences 2 in numbers

  • Sold twice: first on 4 October 2015 for AED 469,276, last on 16 December 2024 for AED 525,000 (AED 679 per sqft).
  • Rented since June 2016 on 7 Ejari contracts. The rent fell from AED 55,650 to AED 29,000 in 2021 and recovered to AED 52,000 by January 2025.
  • At AED 52,000 a year the gross yield on the 2024 price is 9.9%, before a service charge of about AED 8,300 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 January 2025.

Questions about 617-B, Axis Residences 2

What did unit 617-B last sell for?

AED 525,000 on 16 December 2024: AED 679 per sqft for 773 sqft. The unit has 2 registered sales; the first was AED 469,276 in October 2015.

What is the rent for unit 617-B?

AED 52,000 a year on the contract signed on 25 January 2025. The previous contract, from October 2023, was AED 39,500; the unit has been rented since June 2016.

How big is unit 617-B?

773 sqft (71.8 sqm): a one-bedroom apartment on the 6th floor of a 8-storey tower completed in 2014.

What is unit 617-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 617-B, Axis Residences 2

Starts from the last sale price (AED 525K, 16 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 525,000
Deposit, UAE resident (20%)
AED 105,000
Deposit, non-resident (40%)
AED 210,000
Monthly over 25 years at 3.7%
AED 2,148

Plus AED 27,060 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →