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Sold for AED 550,000: 1-Bedroom Apartment in Axis Residences 1

Located in Dubai Silicon Oasis, Dubai. Its price per sqft is +4% vs the Axis Residences 1 median (AED 627/sqft).

All Dubai Silicon Oasis salesAxis Residences 1 prices

Sale price

AED 550,000

Per sqft
AED 650
Registered
7 Jul 2026, 12:48 (Dubai)

01 / Price history

This unit's history

Every registration of this 1-bedroom apartment in Axis Residences 1: same layout, exact size (847 sqft) and parking bay G-137. The registry has no unit numbers, so records are matched on these details.

  1. 7 Jul 2026This sale

    847 sqft · AED 650/sqft · Ready

    First recordAED 550,000

  2. 7 Jul 2026Mortgage

    Same day as previous · 847 sqft · AED 390/sqft · Ready

    40%lower than the previous recordAED 330,000
Records
2
Registered
Same day
as the mortgage, 7 Jul 2026
Loan to value
60%
AED 330K mortgage on the AED 550K sale

02 / The property

Property details

Size
847 sqft · 78.67 m²
Bedrooms
1 BR
Registered as
Sell Development
Property sub-type
Flat
Usage
Residential
Tenure
Non-freehold
Parking
G-137
Nearest landmark
IMG World Adventures

03 / Comparables

All sales in Axis Residences 1 (9 Jan 2026 – 24 Sept 2026)

18 market sales. Percentages compare each sale with this one.

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Comparable market sales. Change is relative to the selected sale.
Sale recordRecordedValue · AEDAED / sqft
24 Sept 2026565K+3% vs selected657+1% vs selected
23 Sept 2026600K+9% vs selected668+3% vs selected
14 Sept 2026515K−6% vs selected587−10% vs selected
7 Aug 2026535K−3% vs selected627−4% vs selected
24 Jul 2026695K+26% vs selected730+12% vs selected
1 BR · 847 sqftReadySelected sale
7 Jul 2026550K650
6 Jul 2026700K+27% vs selected752+16% vs selected
1 Jul 2026575K+5% vs selected618−5% vs selected
9 Jun 2026410K−25% vs selected484−25% vs selected
12 May 2026494.1K−10% vs selected575−12% vs selected
22 Apr 2026508.41K−8% vs selected596−8% vs selected
22 Apr 2026450K−18% vs selected531−18% vs selected
9 Apr 2026449.02K−18% vs selected530−18% vs selected
10 Mar 2026630K+15% vs selected718+11% vs selected
24 Feb 2026295K−46% vs selected—— vs selected
6 Feb 2026610K+11% vs selected710+9% vs selected
27 Jan 2026531.85K−3% vs selected625−4% vs selected
9 Jan 2026625K+14% vs selected696+7% vs selected

04 / Renting it out

What similar apartments rent for

Median of 5 market rents of apartments of 720–974 sq ft in Axis Residences 1. The gross yield is that rent against this sale's price, before service charges, fees and empty months.

See these contracts
Median rent / yr
AED 45,000
Per sqft / yr
AED 52/sqft
Gross yield
8.2%