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1-bed · 800 sqftAxis Residences 2, Dubai Silicon Oasis · 7th floor · completed 2014

715-A, Axis Residences 2

Sold prices and rental history: sold twice, last in March 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 715-A · DLD and Ejari recordsUpdated 5 July 2024
Last soldAED 500K27 March 2014
Current rentAED 48K /yr5 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 715-A, Axis Residences 2

What is 715-A worth today?

Last sold for AED 500,000 in 2014

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5 Jul 2024RentedNew contract
AED 48,000/yr12 months · AED 60 per sqft
25 Feb 2023RentedNew contract
AED 38,000/yr12 months · AED 48 per sqft
15 Jan 2022RentedRenewal
AED 30,000/yr12 months · AED 38 per sqft
15 Jan 2021RentedNew contract
AED 27,000/yr12 months · AED 34 per sqft
15 Aug 2019RentedNew contract
AED 35,000/yr12 months · AED 44 per sqft
19 Jun 2016RentedNew contract
AED 55,000/yr12 months · AED 69 per sqft
27 Mar 2014SoldReady
AED 500,000AED 625 per sqft
18 Mar 2013Sold by developerReady
AED 479,922AED 600 per sqft

Source: Dubai Land Department. Updated 5 July 2024.

Key facts

Type
1-bed apartment
Size
800 sqft
Floor
7th of 8
Parking
289
Developer
Gulf General Investments Co
Completed
2014
Service charge
AED 8,600 /yr
Last sold
AED 500K · March 2014
Building
Axis Residences 2

About 715-A, Axis Residences 2

715-A is a one-bedroom apartment of 800 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 27 March 2014 for AED 500,000, or AED 625 per sqft, in line with the AED 611 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 5 July 2024, is AED 48,000 a year: a gross yield of 9.6% on the 2014 price, before the service charge of about AED 8,600 a year.

Sales and rents for 715-A over time

Sales
Unit 715-A, 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, March 2013: AED 479,922 (AED 600 per sqft)Sold, March 2014: AED 500,000 (AED 625 per sqft)

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

Rents
Unit 715-A, 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 55,000 a yearNew contract, August 2019: AED 35,000 a yearNew contract, January 2021: AED 27,000 a yearRenewal, January 2022: AED 30,000 a yearNew contract, February 2023: AED 38,000 a yearNew contract, July 2024: AED 48,000 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 715-A sits

All 262 1-beds →

715-A last sold in March 2014 at AED 625 per sqft, in line with what one-beds in Axis Residences 2 were fetching at the time (AED 611). 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. 715-A's AED 48,000 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 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

715-A, Axis Residences 2 in numbers

  • Sold twice: first on 18 March 2013 for AED 479,922, last on 27 March 2014 for AED 500,000 (AED 625 per sqft).
  • Rented since June 2016 on 6 Ejari contracts. The rent fell from AED 55,000 to AED 27,000 in 2021 and recovered to AED 48,000 by July 2024.
  • At AED 48,000 a year the gross yield on the 2014 price is 9.6%, before a service charge of about AED 8,600 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 5 July 2024.

Questions about 715-A, Axis Residences 2

What did unit 715-A last sell for?

AED 500,000 on 27 March 2014: AED 625 per sqft for 800 sqft. The unit has 2 registered sales; the first was AED 479,922 in March 2013.

What is the rent for unit 715-A?

AED 48,000 a year on the contract signed on 5 July 2024. The previous contract, from February 2023, was AED 38,000; the unit has been rented since June 2016.

How big is unit 715-A?

800 sqft (74.3 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.

What is unit 715-A 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 715-A, Axis Residences 2

Starts from the last sale price (AED 500K, 27 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →