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1-bed · 770 sqftAxis Residences 2, Dubai Silicon Oasis · 7th floor · completed 2014

704-B, Axis Residences 2

Sold prices and rental history: sold once, by the developer in August 2015, and rented once, from September 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704-B · DLD and Ejari recordsUpdated 20 September 2020
Last soldAED 535K4 August 2015
Current rentAED 29K /yr20 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704-B, Axis Residences 2

What is 704-B worth today?

Last sold for AED 534,842 in 2015

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20 Sep 2020RentedNew contract
AED 29,000/yr12 months · AED 37 per sqft
4 Aug 2015Sold by developerReady
AED 534,842AED 694 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 September 2020.

Key facts

Type
1-bed apartment
Size
770 sqft
Floor
7th of 8
Parking
218
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,200 /yr
Last sold
AED 535K · August 2015
Building
Axis Residences 2

About 704-B, Axis Residences 2

704-B is a one-bedroom apartment of 770 sqft on the 7th 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 4 August 2015 for AED 534,842, or AED 694 per sqft, in line with the AED 692 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 September 2020. The current contract, signed on 20 September 2020, is AED 29,000 a year: a gross yield of 5.4% on the 2015 price, before the service charge of about AED 8,200 a year.

Sales and rents for 704-B over time

Sales
Unit 704-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, August 2015: AED 534,842 (AED 694 per sqft)

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

Rents
Unit 704-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, September 2020: AED 29,000 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 704-B sits

All 262 1-beds →

704-B last sold in August 2015 at AED 694 per sqft, in line with what one-beds in Axis Residences 2 were fetching at the time (AED 692). 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. 704-B's AED 29,000 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 7th floor

All 284 units in Axis Residences 2
Value
701-A1-bedAED 365K · Jan 2023
701-B1-bedAED 573K · Aug 2017
702-A1-bedAED 450K · Dec 2024
702-B1-bedAED 544K · Mar 2018
703-A1-bedAED 490K · Jun 2024
703-B1-bedAED 429K · Sep 2023
704-A1-bedAED 540K · Jun 2025
1–7 of 37

704-B, Axis Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 4 August 2015 for AED 534,842, or AED 694 per sqft.
  • Rented since September 2020 on one Ejari contract, at AED 29,000 a year.
  • At AED 29,000 a year the gross yield on the 2015 price is 5.4%, before a service charge of about AED 8,200 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: YallaValue analysis of Dubai Land Department records. Updated 20 September 2020.

Questions about 704-B, Axis Residences 2

What did unit 704-B last sell for?

AED 534,842 on 4 August 2015, sold by the developer: AED 694 per sqft for 770 sqft. It is the only registered sale of the unit.

What is the rent for unit 704-B?

AED 29,000 a year on the contract signed on 20 September 2020.

How big is unit 704-B?

770 sqft (71.5 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.

What is unit 704-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 704-B, Axis Residences 2

Starts from the last sale price (AED 535K, 4 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 534,842
Deposit, UAE resident (20%)
AED 106,968
Deposit, non-resident (40%)
AED 213,937
Monthly over 25 years at 3.7%
AED 2,188

Plus AED 27,474 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →