Axis Residences 3

Completed · Q2 2009|128 units · 1 building

Alerts: Get notified of every new DLD-registered sale and rental contract.

Axis Residences 3 is a completed apartment development by GULF GENERAL INVESTMENTS CO. (P.S.C) in Silicon Oasis, Nadd Hessa, comprising 128 registered units. 220 sales are registered with the Dubai Land Department, at a current PIX© price of AED 729 per sqft. At AED 729 per sqft, Axis Residences 3 prices 45% below the Silicon Oasis average of AED 1,329 per sqft on registered sales.

PIX© price · ↑27.7% YoY

601KAED

Typical

729AED

PSF

Gross yield

7.6%

PIX© rent ÷ PIX© price

Sale records

220

DLD · all time

Rent contracts

1,029

Ejari · all time

SATELLITE

LocationSilicon Oasis in Nadd Hessa

Drive times · typical

Downtown Dubai19 min · 19.7 km

DXB Airport17 min · 19.2 km

DIFC23 min · 22.1 km

Dubai Marina31 min · 37.1 km

Palm Jumeirah34 min · 38.8 km

Nearest · straight-line

Metro stationRashidiya Dubai11 km

MallQ1 Mall - Dubai Silicon Oasis 10.4 km

SchoolGTR Recording Studio0.3 km

HospitalFakeeh Medicentres Moms and Kids - Dubai Silicon Oasis0.4 km

OPEN IN GOOGLE MAPS →

Axis Residences 3729AED/sqft · project-wide

1 Bed

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY	Trend	PIX© Rent /yr	Yield
1 Bed 751 – 968 sqft	128	0	0	0.0%		0	0.0%

Sales — 1 Bed220 DLD records

PIX© price analysis

All time

Not enough monthly records to draw a trend

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Recent record preview unavailable for this product.

Rentals — 1 Bed1,029 Ejari contracts

PIX© rent analysis

All time

Not enough monthly records to draw a trend

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Corporate

Floor Analysis

last 24 months

Floors	Median Rent / Yr
All floors	164 rentals
Floors 1-6	120 rentals
Floors 7-8	44 rentals

Median Rent / Yr · 164 rentals

Floors 1-6 · 120 rentals

Floors 7-8 · 44 rentals

Latest contracts

No recent contracts in the preview window.

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare2 peers could not be placed

This project

Axis Residences 3

Compared with

Oasis Star

PIX© PSF

730

Rank

#48 of 53

#47 of 53

Typical price

600K

Yield

8.4%

Units

128

Sales

Rents

165

Developer

GULF GENERAL INVESTMENTS CO. (P.S.C)

ABDULRAZZQ ALI ALMADANI

Handover

2009

2011

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Silicon Star 1	104					28	87
	Silicon Arch	177					64	182
	Axis Residences 5 GULF GENERAL INVESTMENTS CO. (P.S.C) · 2010	112					36	134
	The Dunes MAXIMUS PROPERTY I LIMITED · 2009	189					74	226
	Oasis Star ABDULRAZZQ ALI ALMADANI · 2011	96					25	99
48	Axis Residences 3 GULF GENERAL INVESTMENTS CO. (P.S.C) · 2009	128	730	Subject	600K	8.4%	47	165
	Axis Residences 4 GULF GENERAL INVESTMENTS CO. (P.S.C) · 2009	128					62	152
	Axis Residences 2 GULF GENERAL INVESTMENTS CO. (P.S.C) · 2014	284					63	397
	Palace Tower TAMEER HOLDING INVESTMENT (LLC) · 2009	597					231	836
	Silicon Heights VISION AVENUE HOMES (FZC) · 2011	279					100	373
	Axis Residences 1 GULF GENERAL INVESTMENTS CO. (P.S.C) · 2009	316					126	460

Community median 868 AED/sqft. Showing the closest-ranked peers of 53 ranked projects in the community. 10 community projects excluded for insufficient recorded sales. 11 excluded for trading only in the off-plan market. 7 excluded for insufficient unit-mix overlap. Peer set trimmed to the most similar projects by unit size, vintage and status. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Silicon Oasis

The closest-priced registered projects in Silicon Oasis.

Oasis StarAED 732/sqft
Axis Residences 5AED 739/sqft
Silicon HeightsAED 716/sqft
The DunesAED 745/sqft
Axis Residences 6AED 750/sqft
Axis Residences 2AED 690/sqft

Common questions about Axis Residences 3

Answered from Dubai Land Department registered transactions.

How much does a property in Axis Residences 3 cost?

Property in Axis Residences 3 sells at a current PIX© price of AED 729 per sqft, or about AED 600,684 for a typical unit, based on 220 sales registered with the Dubai Land Department.

Is Axis Residences 3 completed?

Yes. Axis Residences 3 is recorded as completed in the Dubai Land Department project register (completed q2 2009).

Who is the developer of Axis Residences 3?

Axis Residences 3 is developed by GULF GENERAL INVESTMENTS CO. (P.S.C), the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Axis Residences 3?

Axis Residences 3 yields 7.6% gross, calculated from current PIX© rent against current PIX© sale price, across 1,029 registered Ejari contracts.

How many units are in Axis Residences 3?

Axis Residences 3 holds 128 registered units, per the Dubai Land Department unit register.

Have prices in Axis Residences 3 gone up or down?

Price per sqft has risen +27.7% over the last 12 months, to AED 729, across 220 registered sales.