704, Axis Residences 5
Sold prices and rental history: sold once, by the developer in June 2014, 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 704, Axis Residences 5
What is 704 worth today?
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Source: Dubai Land Department. Updated 1 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 855 sqft
- Floor
- 7th of 8
- Parking
- 99
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 11,700 /yr
- Last sold
- AED 461K · June 2014
- Building
- Axis Residences 5
About 704, Axis Residences 5
704 is a one-bedroom apartment of 855 sqft on the 7th 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 30 June 2014 for AED 461,160, or AED 539 per sqft, in line with the AED 536 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 42,504 a year: a gross yield of 9.2% on the 2014 price, before the service charge of about AED 11,700 a year.
Sales and rents for 704 over time
704 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 704 sits
All 109 1-beds →704 last sold in June 2014 at AED 539 per sqft, in line with what one-beds in Axis Residences 5 were fetching at the time (AED 536). 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 61,000 a year. 704's AED 42,504 is in the lower half 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 49K /yr
- Typical yield
- 7.4%
Other units on the 7th floor
All 112 units in Axis Residences 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 762 sqft | AED 416KAED 416,381 · May 2022May 2022 | 44,100 /yr | |
| 702 | 1-bed | 652 sqft | AED 400KAED 400,000 · Jan 2024January 2024 | 28,000 /yr | |
| 703 | 1-bed | 854 sqft | AED 420KAED 420,000 · Oct 2023October 2023 | 42,525 /yr | |
| 705 | 1-bed | 758 sqft | AED 370KAED 370,000 · May 2012May 2012 | 55,000 /yr | |
| 706 | 1-bed | 797 sqft | AED 330KAED 330,000 · Sep 2022September 2022 | 26,000 /yr | |
| 707 | 1-bed | 855 sqft | AED 445KAED 445,416 · May 2022May 2022 | 43,020 /yr | |
| 708 | 1-bed | 808 sqft | AED 400KAED 400,000 · Jan 2024January 2024 | 45,000 /yr | |
| 709 | 1-bed | 729 sqft | AED 394KAED 394,226 · May 2022May 2022 | 43,010 /yr | |
| 710 | 1-bed | 867 sqft | AED 1.34MAED 1,343,400 · May 2015May 2015 | 35,000 /yr | |
| 711 | 1-bed | 889 sqft | No registered sale | 48,000 /yr | |
| 712 | 1-bed | 610 sqft | AED 400KAED 400,000 · Jan 2024January 2024 | 46,000 /yr | |
| 713 | 1-bed | 784 sqft | AED 505KAED 505,400 · Jun 2015June 2015 | 44,400 /yr | |
| 714 | 1-bed | 844 sqft | AED 480KAED 480,000 · Apr 2024April 2024 | 28,000 /yr |
704, Axis Residences 5 in numbers
- Sold once: by Gulf General Investments Co on 30 June 2014 for AED 461,160, or AED 539 per sqft.
- Rented since January 2017 on 4 Ejari contracts. The rent fell from AED 55,000 to AED 28,000 in 2022 and recovered to AED 42,504 by February 2025.
- At AED 42,504 a year the gross yield on the 2014 price is 9.2%, 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 1 February 2025.
Questions about 704, Axis Residences 5
What did unit 704 last sell for?
AED 461,160 on 30 June 2014, sold by the developer: AED 539 per sqft for 855 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 42,504 a year on the contract renewed on 1 February 2025. The previous contract, from February 2024, was AED 38,640; the unit has been rented since January 2017.
How big is unit 704?
855 sqft (79.4 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2010.
What is unit 704 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 704, Axis Residences 5
Starts from the last sale price (AED 461K, 30 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 461,160
- Deposit, UAE resident (20%)
- AED 92,232
- Deposit, non-resident (40%)
- AED 184,464
- Monthly over 25 years at 3.7%
- AED 1,887
Plus AED 22,278 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →