511, Axis Residences 5
Sold prices and rental history: sold twice, last in December 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 511, Axis Residences 5
What is 511 worth today?
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Source: Dubai Land Department. Updated 13 December 2020.
Key facts
- Type
- 1-bed apartment
- Size
- 889 sqft
- Floor
- 5th of 8
- Parking
- 78
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 12,100 /yr
- Last sold
- AED 345K · December 2020
- Building
- Axis Residences 5
About 511, Axis Residences 5
511 is a one-bedroom apartment of 889 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. It last sold on 13 December 2020 for AED 345,000, or AED 388 per sqft, 46% below the AED 719 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 15 May 2019, is AED 35,000 a year: a gross yield of 10.1% on the 2020 price, before the service charge of about AED 12,100 a year.
Sales and rents for 511 over time
511 has sold twice; 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 511 sits
All 109 1-beds →511 last sold in December 2020 at AED 388 per sqft, 46% below what one-beds in Axis Residences 5 were fetching at the time (AED 719). 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. 511's AED 35,000 is at the bottom 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 | |
| 507 | 1-bed | 855 sqft | AED 638KAED 638,015 · May 2015May 2015 | 60,000 /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 | |
| 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 |
511, Axis Residences 5 in numbers
- Sold twice: first on 23 November 2015 for AED 669,183, last on 13 December 2020 for AED 345,000 (AED 388 per sqft).
- Rented since September 2012 on 6 Ejari contracts, from AED 34,000 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2020 price is 10.1%, before a service charge of about AED 12,100 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 13 December 2020.
Questions about 511, Axis Residences 5
What did unit 511 last sell for?
AED 345,000 on 13 December 2020: AED 388 per sqft for 889 sqft. The unit has 2 registered sales; the first was AED 669,183 in November 2015.
What is the rent for unit 511?
AED 35,000 a year on the contract signed on 15 May 2019. The previous contract, from February 2018, was AED 50,000; the unit has been rented since September 2012.
How big is unit 511?
889 sqft (82.6 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2010.
What is unit 511 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 511, Axis Residences 5
Starts from the last sale price (AED 345K, 13 December 2020). 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 →