516, Axis Residences 3
Sold prices and rental history: sold once, by the developer in September 2012, 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 516, Axis Residences 3
What is 516 worth today?
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Source: Dubai Land Department. Updated 10 January 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 857 sqft
- Floor
- 5th of 8
- Parking
- 79
- Developer
- Gulf General Investments Co
- Completed
- 2009
- Service charge
- AED 10,200 /yr
- Last sold
- AED 1.48M · September 2012
- Building
- Axis Residences 3
About 516, Axis Residences 3
516 is a one-bedroom apartment of 857 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. The developer sold it on 30 September 2012 for AED 1,484,500, or AED 1,731 per sqft, 192% above the AED 593 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 10 January 2023, is AED 35,000 a year: a gross yield of 2.4% on the 2012 price, before the service charge of about AED 10,200 a year.
Sales and rents for 516 over time
516 has sold once; 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 516 sits
All 126 1-beds →516 last sold in September 2012 at AED 1,731 per sqft, 192% above what one-beds in Axis Residences 3 were fetching at the time (AED 593). 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. 516's AED 35,000 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 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 | |
| 506 | 1-bed | 808 sqft | AED 345KAED 345,000 · Aug 2022August 2022 | 42,000 /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, Axis Residences 3 in numbers
- Sold once: by Gulf General Investments Co on 30 September 2012 for AED 1,484,500, or AED 1,731 per sqft.
- Rented since August 2017 on 6 Ejari contracts, from AED 55,000 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2012 price is 2.4%, before a service charge of about AED 10,200 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 516, Axis Residences 3
What did unit 516 last sell for?
AED 1,484,500 on 30 September 2012, sold by the developer: AED 1,731 per sqft for 857 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 35,000 a year on the contract renewed on 10 January 2023. The previous contract, from January 2022, was AED 35,000; the unit has been rented since August 2017.
How big is unit 516?
857 sqft (79.6 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2009.
What is unit 516 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 516, Axis Residences 3
Starts from the last sale price (AED 1.48M, 30 September 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,484,500
- Deposit, UAE resident (20%)
- AED 296,900
- Deposit, non-resident (40%)
- AED 593,800
- Monthly over 25 years at 3.7%
- AED 6,074
Plus AED 67,359 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →