507, Axis Residences 5
Sold prices and rental history: sold once, by the developer in May 2015, and rented since 2010. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Axis Residences 5
What is 507 worth today?
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Source: Dubai Land Department. Updated 3 November 2015.
Key facts
- Type
- 1-bed apartment
- Size
- 855 sqft
- Floor
- 5th of 8
- Parking
- 74
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 11,700 /yr
- Last sold
- AED 638K · May 2015
- Building
- Axis Residences 5
About 507, Axis Residences 5
507 is a one-bedroom apartment of 855 sqft on the 5th floor of Axis Residences 5, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Gulf General Investments Co. The developer sold it on 13 May 2015 for AED 638,015, or AED 746 per sqft, 40% above the AED 532 one-beds in the building were fetching at the time.
It has been rented since 2010 on 3 Ejari contracts. The current contract, signed on 3 November 2015, is AED 60,000 a year: a gross yield of 9.4% on the 2015 price, before the service charge of about AED 11,700 a year.
Sales and rents for 507 over time
507 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 5, and where 507 sits
All 109 1-beds →507 last sold in May 2015 at AED 746 per sqft, 40% above what one-beds in Axis Residences 5 were fetching at the time (AED 532). Over the last 12 months one-beds sold for AED 610,000 to 615,000, around AED 841 per sqft, and rent for AED 35,000 to 59,000 a year. 507's AED 60,000 is at the top of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jun 202516 June 2025 | 610 sqft | 490,000 | 802 | ||
| 21 May 202521 May 2025 | 758 sqft | 570,000 | 752 | ||
| 24 Dec 202424 December 2024 | 808 sqft | 530,000 | 656 | ||
| 5 Nov 20245 November 2024 | 758 sqft | 525,000 | 693 |
Axis Residences 5
Building112 apartments, 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2010 by Gulf General Investments Co. 2 sold in the last 12 months.
- Typical price per sqft
- AED 841
- Typical sale
- AED 613K
- Typical rent
- AED 47K /yr
- Typical yield
- 7.0%
Other units on the 5th floor
All 112 units in Axis Residences 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 762 sqft | AED 565KAED 565,291 · Mar 2014March 2014 | 40,000 /yr | |
| 502 | 1-bed | 652 sqft | AED 300KAED 300,000 · Jun 2022June 2022 | 38,500 /yr | |
| 503 | 1-bed | 854 sqft | AED 500KAED 500,000 · Apr 2024April 2024 | 50,000 /yr | |
| 504 | 1-bed | 855 sqft | AED 490KAED 490,000 · Apr 2024April 2024 | 50,000 /yr | |
| 505 | 1-bed | 758 sqft | AED 590KAED 590,000 · Dec 2015December 2015 | 50,000 /yr | |
| 506 | 1-bed | 398 sqft | AED 573KAED 573,236 · Feb 2020February 2020 | 45,000 /yr | |
| 508 | 1-bed | 808 sqft | AED 600KAED 600,000 · Sep 2015September 2015 | 62,500 /yr | |
| 509 | 729 sqft | AED 615KAED 615,000 · Feb 2026February 2026 | 28,000 /yr | ||
| 510 | 1-bed | 867 sqft | AED 650KAED 650,000 · May 2016May 2016 | 63,000 /yr | |
| 511 | 1-bed | 889 sqft | AED 345KAED 345,000 · Dec 2020December 2020 | 35,000 /yr | |
| 512 | 1-bed | 610 sqft | AED 250KAED 249,500 · Jun 2017June 2017 | 33,000 /yr | |
| 513 | 1-bed | 392 sqft | AED 552KAED 551,847 · Feb 2018February 2018 | 48,000 /yr | |
| 514 | 1-bed | 844 sqft | AED 633KAED 632,515 · Mar 2015March 2015 | 38,000 /yr |
507, Axis Residences 5 in numbers
- Sold once: by Gulf General Investments Co on 13 May 2015 for AED 638,015, or AED 746 per sqft.
- Rented since September 2010 on 3 Ejari contracts, from AED 36,923 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2015 price is 9.4%, before a service charge of about AED 11,700 a year (AED 13.65 per sqft).
- One-beds in Axis Residences 5 sold for AED 610,000–615,000 in the 12 months to November 2026; the building's median across all types is AED 841 per sqft.
Source: Dubai Land Department. Updated 3 November 2015.
Questions about 507, Axis Residences 5
What did unit 507 last sell for?
AED 638,015 on 13 May 2015, sold by the developer: AED 746 per sqft for 855 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 60,000 a year on the contract signed on 3 November 2015. The previous contract, from February 2014, was AED 53,000; the unit has been rented since September 2010.
How big is unit 507?
855 sqft (79.4 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2010.
What is unit 507 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 5 sold for AED 610,000 to 615,000 in the last 12 months, around AED 841 per sqft.
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Mortgage on 507, Axis Residences 5
Starts from the last sale price (AED 638K, 13 May 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 638,015
- Deposit, UAE resident (20%)
- AED 127,603
- Deposit, non-resident (40%)
- AED 255,206
- Monthly over 25 years at 3.7%
- AED 2,610
Plus AED 31,807 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →