506, Axis Residences 3
Sold prices and rental history: sold 3 times, last in August 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Axis Residences 3
What is 506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 808 sqft
- Floor
- 5th of 8
- Parking
- 69
- Developer
- Gulf General Investments Co
- Completed
- 2009
- Service charge
- AED 9,700 /yr
- Last sold
- AED 345K · August 2022
- Building
- Axis Residences 3
About 506, Axis Residences 3
506 is a one-bedroom apartment of 808 sqft on the 5th 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 August 2022 for AED 345,000, or AED 427 per sqft, in line with the AED 439 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 42,000 a year: a gross yield of 12.2% on the 2022 price, before the service charge of about AED 9,700 a year.
Sales and rents for 506 over time
506 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 506 sits
All 126 1-beds →506 last sold in August 2022 at AED 427 per sqft, in line with what one-beds in Axis Residences 3 were fetching at the time (AED 439). 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. 506's AED 42,000 is in the lower half 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 5th floor
All 128 units in Axis Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 855 sqft | No registered sale | 55,000 /yr | |
| 502 | 1-bed | 809 sqft | No registered sale | 40,480 /yr | |
| 503 | 1-bed | 808 sqft | No registered sale | 55,000 /yr | |
| 504 | 1-bed | 968 sqft | No registered sale | 43,010 /yr | |
| 505 | 1-bed | 968 sqft | No registered sale | 41,745 /yr | |
| 507 | 1-bed | 751 sqft | AED 565KAED 565,000 · May 2025May 2025 | 63,000 /yr | |
| 508 | 1-bed | 870 sqft | No registered sale | 40,480 /yr | |
| 509 | 1-bed | 870 sqft | AED 1.51MAED 1,507,000 · Oct 2012October 2012 | 48,000 /yr | |
| 510 | 1-bed | 751 sqft | AED 353KAED 352,886 · Oct 2021October 2021 | 50,000 /yr | |
| 511 | 1-bed | 808 sqft | AED 650KAED 650,000 · Sep 2015September 2015 | 48,000 /yr | |
| 512 | 1-bed | 968 sqft | AED 1.48MAED 1,484,500 · Sep 2012September 2012 | 48,000 /yr | |
| 513 | 1-bed | 968 sqft | AED 275KAED 275,000 · Dec 2017December 2017 | 58,000 /yr | |
| 514 | 1-bed | 808 sqft | AED 400KAED 400,000 · Aug 2023August 2023 | 34,000 /yr | |
| 515 | 1-bed | 813 sqft | AED 1.41MAED 1,414,900 · Sep 2012September 2012 | 48,000 /yr | |
| 516 | 1-bed | 857 sqft | AED 1.48MAED 1,484,500 · Sep 2012September 2012 | 35,000 /yr |
506, Axis Residences 3 in numbers
- Sold 3 times: first on 21 April 2015 for AED 550,000, last on 12 August 2022 for AED 345,000 (AED 427 per sqft).
- Rented since December 2017 on 6 Ejari contracts. The rent fell from AED 42,000 to AED 28,000 in 2021 and recovered to AED 42,000 by September 2023.
- At AED 42,000 a year the gross yield on the 2022 price is 12.2%, before a service charge of about AED 9,700 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: YallaValue analysis of Dubai Land Department records. Updated 1 September 2023.
Questions about 506, Axis Residences 3
What did unit 506 last sell for?
AED 345,000 on 12 August 2022: AED 427 per sqft for 808 sqft. The unit has 3 registered sales; the first was AED 550,000 in April 2015.
What is the rent for unit 506?
AED 42,000 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 36,000; the unit has been rented since December 2017.
How big is unit 506?
808 sqft (75.1 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2009.
What is unit 506 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.
Selling 506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 506, Axis Residences 3
Starts from the last sale price (AED 345K, 12 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 345,000
- Deposit, UAE resident (20%)
- AED 69,000
- Deposit, non-resident (40%)
- AED 138,000
- Monthly over 25 years at 3.7%
- AED 1,412
Plus AED 17,400 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →