407, Axis Residences 8
Sold prices and rental history: sold once, by the developer in July 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Axis Residences 8
What is 407 worth today?
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Source: Dubai Land Department. Updated 20 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 864 sqft
- Floor
- 4th of 8
- Parking
- 49
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 11,100 /yr
- Last sold
- AED 432K · July 2014
- Building
- Axis Residences 8
About 407, Axis Residences 8
407 is a one-bedroom apartment of 864 sqft on the 4th floor of Axis Residences 8, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Gulf General Investments Co. The developer sold it on 6 July 2014 for AED 432,010, or AED 500 per sqft, 32% below the AED 740 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 20 March 2025, is AED 42,500 a year: a gross yield of 9.8% on the 2014 price, before the service charge of about AED 11,100 a year.
Sales and rents for 407 over time
407 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 8, and where 407 sits
All 94 1-beds →407 last sold in July 2014 at AED 500 per sqft, 32% below what one-beds in Axis Residences 8 were fetching at the time (AED 740). Over the last 12 months one-beds sold for AED 650,000 to 860,000, around AED 815 per sqft, and rent for AED 43,000 to 68,000 a year. 407's AED 42,500 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Feb 202617 February 2026 | 920 sqft | 650,000 | 706 | ||
| 3 Jul 20253 July 2025 | 768 sqft | 525,000 | 683 | ||
| 17 Jun 202517 June 2025 | 890 sqft | 620,000 | 696 | ||
| 29 May 202529 May 2025 | 917 sqft | 700,000 | 763 |
Axis Residences 8
Building111 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 815
- Typical sale
- AED 755K
- Typical rent
- AED 55K /yr
- Typical yield
- 8.6%
Other units on the 4th floor
All 111 units in Axis Residences 8| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | 1-bed | 661 sqft | AED 570KAED 569,950 · Nov 2011November 2011 | 37,500 /yr | |
| 403 | 1-bed | 920 sqft | AED 365KAED 365,000 · Sep 2014September 2014 | ||
| 404 | 1-bed | 917 sqft | AED 670KAED 670,000 · Nov 2015November 2015 | 42,000 /yr | |
| 405 | 1-bed | 768 sqft | AED 525KAED 525,000 · Jul 2025July 2025 | 54,706 /yr | |
| 406 | 1-bed | 831 sqft | AED 373KAED 373,000 · Oct 2021October 2021 | 55,000 /yr | |
| 408 | 1-bed | 842 sqft | AED 560KAED 560,000 · Feb 2025February 2025 | 55,000 /yr | |
| 409 | 1-bed | 775 sqft | AED 500KAED 500,000 · Sep 2023September 2023 | 55,000 /yr | |
| 410 | 1-bed | 924 sqft | AED 820KAED 820,200 · Sep 2013September 2013 | 34,000 /yr | |
| 411 | 1-bed | 931 sqft | AED 779KAED 778,750 · Oct 2012October 2012 | 40,000 /yr | |
| 412 | 1-bed | 654 sqft | AED 460KAED 460,000 · Feb 2018February 2018 | 52,000 /yr | |
| 413 | 1-bed | 821 sqft | AED 600KAED 600,000 · Nov 2015November 2015 | 48,000 /yr | |
| 414 | 1-bed | 890 sqft | AED 235KAED 235,000 · Jun 2013June 2013 | 50,000 /yr |
407, Axis Residences 8 in numbers
- Sold once: by Gulf General Investments Co on 6 July 2014 for AED 432,010, or AED 500 per sqft.
- Rented since September 2015 on 9 Ejari contracts. The rent fell from AED 61,000 to AED 34,000 in 2022 and recovered to AED 42,500 by March 2025.
- At AED 42,500 a year the gross yield on the 2014 price is 9.8%, before a service charge of about AED 11,100 a year (AED 12.89 per sqft).
- One-beds in Axis Residences 8 sold for AED 650,000–860,000 in the 12 months to November 2026; the building's median across all types is AED 815 per sqft.
Source: Dubai Land Department. Updated 20 March 2025.
Questions about 407, Axis Residences 8
What did unit 407 last sell for?
AED 432,010 on 6 July 2014, sold by the developer: AED 500 per sqft for 864 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 42,500 a year on the contract renewed on 20 March 2025. The previous contract, from March 2024, was AED 40,500; the unit has been rented since September 2015.
How big is unit 407?
864 sqft (80.3 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2010.
What is unit 407 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 8 sold for AED 650,000 to 860,000 in the last 12 months, around AED 815 per sqft.
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Mortgage on 407, Axis Residences 8
Starts from the last sale price (AED 432K, 6 July 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 432,010
- Deposit, UAE resident (20%)
- AED 86,402
- Deposit, non-resident (40%)
- AED 172,804
- Monthly over 25 years at 3.7%
- AED 1,767
Plus AED 21,054 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →