1-bed · 749 sqftAxis Residences 2, Dubai Silicon Oasis · 7th floor · completed 2014

714-B, Axis Residences 2

Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 714-B · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 420K5 February 2024
Current rentAED 65K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 714-B, Axis Residences 2

What is 714-B worth today?

Last sold for AED 420,000 in 2024

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1 Dec 2024RentedNew contract
AED 65,000/yr12 months · AED 87 per sqft
5 Feb 2024SoldReady
AED 420,000AED 560 per sqft
26 May 2020RentedRenewal
AED 46,000/yr5 months · AED 61 per sqft
26 May 2019RentedRenewal
AED 46,000/yr12 months · AED 61 per sqft
14 Sep 2015Sold by developerReady
AED 496,853AED 663 per sqft
26 May 2015RentedNew contract
AED 61,000/yr12 months · AED 81 per sqft
1 May 2014RentedNew contract
AED 60,000/yr12 months · AED 80 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
1-bed apartment
Size
749 sqft
Floor
7th of 8
Parking
208
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,000 /yr
Last sold
AED 420K · February 2024

About 714-B, Axis Residences 2

714-B is a one-bedroom apartment of 749 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. It last sold on 5 February 2024 for AED 420,000, or AED 560 per sqft, 11% above the AED 506 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 December 2024, is AED 65,000 a year: a gross yield of 15.5% on the 2024 price, before the service charge of about AED 8,000 a year.

Sales and rents for 714-B over time

Sales
Unit 714-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, September 2015: AED 496,853 (AED 663 per sqft)Sold, February 2024: AED 420,000 (AED 560 per sqft)

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

Rents
Unit 714-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, May 2014: AED 60,000 a yearNew contract, May 2015: AED 61,000 a yearRenewal, May 2019: AED 46,000 a yearRenewal, May 2020: AED 46,000 a yearNew contract, December 2024: AED 65,000 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 714-B sits

All 262 1-beds →

714-B last sold in February 2024 at AED 560 per sqft, 11% above what one-beds in Axis Residences 2 were fetching at the time (AED 506). 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. 714-B's AED 65,000 is at the top 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

714-B, Axis Residences 2 in numbers

  • Sold twice: first on 14 September 2015 for AED 496,853, last on 5 February 2024 for AED 420,000 (AED 560 per sqft).
  • Rented since May 2014 on 5 Ejari contracts. The rent fell from AED 60,000 to AED 46,000 in 2020 and recovered to AED 65,000 by December 2024.
  • At AED 65,000 a year the gross yield on the 2024 price is 15.5%, before a service charge of about AED 8,000 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 December 2024.

Questions about 714-B, Axis Residences 2

What did unit 714-B last sell for?

AED 420,000 on 5 February 2024: AED 560 per sqft for 749 sqft. The unit has 2 registered sales; the first was AED 496,853 in September 2015.

What is the rent for unit 714-B?

AED 65,000 a year on the contract signed on 1 December 2024. The previous contract, from May 2020, was AED 46,000; the unit has been rented since May 2014.

How big is unit 714-B?

749 sqft (69.6 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.

What is unit 714-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 714-B, Axis Residences 2

Starts from the last sale price (AED 420K, 5 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 420,000
Deposit, UAE resident (20%)
AED 84,000
Deposit, non-resident (40%)
AED 168,000
Monthly over 25 years at 3.7%
AED 1,718

Plus AED 20,550 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →