407, Axis Residences 3
Sold prices and rental history: sold 3 times, last in February 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Axis Residences 3
What is 407 worth today?
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Source: Dubai Land Department. Updated 10 January 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 751 sqft
- Floor
- 4th of 8
- Parking
- 54
- Developer
- Gulf General Investments Co
- Completed
- 2009
- Service charge
- AED 9,000 /yr
- Last sold
- AED 360K · February 2020
- Building
- Axis Residences 3
About 407, Axis Residences 3
407 is a one-bedroom apartment of 751 sqft on the 4th floor of Axis Residences 3, a 8-storey tower in Dubai Silicon Oasis completed in 2009 by Gulf General Investments Co. It last sold on 12 February 2020 for AED 360,000, or AED 479 per sqft, 12% below the AED 546 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 10 January 2023, is AED 36,000 a year: a gross yield of 10.0% on the 2020 price, before the service charge of about AED 9,000 a year.
Sales and rents for 407 over time
407 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 3, and where 407 sits
All 126 1-beds →407 last sold in February 2020 at AED 479 per sqft, 12% below what one-beds in Axis Residences 3 were fetching at the time (AED 546). Over the last 12 months one-beds sold for AED 550,000 to 650,000, around AED 680 per sqft, and rent for AED 37,260 to 63,000 a year. 407's AED 36,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Jan 202615 January 2026 | 808 sqft | 550,000 | 680 | ||
| 6 Jan 20266 January 2026 | 870 sqft | 650,000 | 746 | ||
| 12 Dec 202512 December 2025 | 968 sqft | 620,000 | 640 | ||
| 24 Jul 202524 July 2025 | 968 sqft | 436,000 | 450 |
Axis Residences 3
Building128 apartments, 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2009 by Gulf General Investments Co. 3 sold in the last 12 months.
- Typical price per sqft
- AED 680
- Typical sale
- AED 620K
- Typical rent
- AED 52K /yr
- Typical yield
- 9.3%
Other units on the 4th floor
All 128 units in Axis Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 855 sqft | AED 770KAED 770,000 · Apr 2016April 2016 | ||
| 402 | 1-bed | 809 sqft | No registered sale | 42,504 /yr | |
| 403 | 1-bed | 808 sqft | AED 350KAED 350,000 · Sep 2020September 2020 | 59,000 /yr | |
| 404 | 1-bed | 968 sqft | AED 620KAED 620,000 · Dec 2025December 2025 | 41,700 /yr | |
| 405 | 1-bed | 968 sqft | AED 436KAED 436,300 · Feb 2022February 2022 | 32,000 /yr | |
| 406 | 1-bed | 808 sqft | AED 348KAED 348,000 · Dec 2022December 2022 | 55,000 /yr | |
| 408 | 1-bed | 870 sqft | AED 517KAED 516,600 · Jan 2012January 2012 | 36,000 /yr | |
| 409 | 1-bed | 870 sqft | AED 520KAED 520,000 · May 2025May 2025 | 47,000 /yr | |
| 410 | 1-bed | 751 sqft | AED 578KAED 578,000 · Apr 2015April 2015 | 34,000 /yr | |
| 411 | 1-bed | 808 sqft | AED 400KAED 400,000 · Mar 2013March 2013 | 37,260 /yr | |
| 412 | 1-bed | 968 sqft | AED 422KAED 422,000 · Sep 2022September 2022 | 46,000 /yr | |
| 413 | 1-bed | 968 sqft | AED 600KAED 600,000 · Nov 2015November 2015 | 41,000 /yr | |
| 414 | 1-bed | 808 sqft | AED 905KAED 905,186 · Feb 2015February 2015 | 31,000 /yr | |
| 415 | 1-bed | 813 sqft | AED 931KAED 930,779 · Feb 2015February 2015 | 53,000 /yr | |
| 416 | 1-bed | 857 sqft | AED 313KAED 312,500 · Jan 2016January 2016 | 45,000 /yr |
407, Axis Residences 3 in numbers
- Sold 3 times: first on 18 July 2011 for AED 441,875, last on 12 February 2020 for AED 360,000 (AED 479 per sqft).
- Rented since January 2013 on 6 Ejari contracts. The rent fell from AED 36,000 to AED 29,000 in 2020 and recovered to AED 36,000 by January 2023.
- At AED 36,000 a year the gross yield on the 2020 price is 10.0%, before a service charge of about AED 9,000 a year (AED 11.95 per sqft).
- One-beds in Axis Residences 3 sold for AED 550,000–650,000 in the 12 months to November 2026; the building's median across all types is AED 680 per sqft.
Source: Dubai Land Department. Updated 10 January 2023.
Questions about 407, Axis Residences 3
What did unit 407 last sell for?
AED 360,000 on 12 February 2020: AED 479 per sqft for 751 sqft. The unit has 3 registered sales; the first was AED 441,875 in July 2011.
What is the rent for unit 407?
AED 36,000 a year on the contract renewed on 10 January 2023. The previous contract, from January 2022, was AED 32,000; the unit has been rented since January 2013.
How big is unit 407?
751 sqft (69.8 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2009.
What is unit 407 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 3 sold for AED 550,000 to 650,000 in the last 12 months, around AED 680 per sqft.
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Mortgage on 407, Axis Residences 3
Starts from the last sale price (AED 360K, 12 February 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 360,000
- Deposit, UAE resident (20%)
- AED 72,000
- Deposit, non-resident (40%)
- AED 144,000
- Monthly over 25 years at 3.7%
- AED 1,473
Plus AED 18,030 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →