PropertyIndex

Axis Residences 7

Completed · Q4 2009|122 units · 1 building

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Axis Residences 7 is a completed apartment development by GULF GENERAL INVESTMENTS CO. (P.S.C) in Silicon Oasis, Nadd Hessa, comprising 122 registered units. 7 sales are registered with the Dubai Land Department, at a current PIX© price of AED 883 per sqft. At AED 883 per sqft, Axis Residences 7 prices 34% below the Silicon Oasis average of AED 1,329 per sqft on registered sales.

PIX© price
720KAED
Typical
883AED
PSF
Gross yield
8.0%
PIX© rent ÷ PIX© price
Sale records
7
DLD · all time
Rent contracts
802
Ejari · all time
Axis Residences 7

Units

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

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
679 – 1,200 sqft
122720K88358K8.0%
1 Bed · Apartment
679 – 812 sqft
98
2 Bed · Apartment
1,061 – 1,200 sqft
24
Sales — Project-Wide7 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
2 Feb 20211 BedFloor 1766700,000914StandardDevelopment Registration
12 Mar 20191 BedFloor 3783450,000574StandardDevelopment Registration
26 Jul 20172 BedFloor 31,061800,200755StandardPayment Plan Development
Rentals — Project-Wide802 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 141 rentals
Floors 1-3 · 57 rentals
Floors 4-8 · 84 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
1 Aug 20261 BedFloor 478345,000570.0%Entry Levelrenewal
10 Jul 20262 BedFloor 41,20078,000650.0%Standardrenewal
5 Jul 20261 BedFloor 769155,00080+37.5%Standardnew

Comparables

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

Comparable projects in Silicon Oasis

The closest-priced registered projects in Silicon Oasis.

Common questions about Axis Residences 7

Answered from Dubai Land Department registered transactions.

How much does a property in Axis Residences 7 cost?

Property in Axis Residences 7 sells at a current PIX© price of AED 883 per sqft, or about AED 719,711 for a typical unit, based on 7 sales registered with the Dubai Land Department.

Is Axis Residences 7 completed?

Yes. Axis Residences 7 is recorded as completed in the Dubai Land Department project register (completed q4 2009).

Who is the developer of Axis Residences 7?

Axis Residences 7 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 7?

Axis Residences 7 yields 8.0% gross, calculated from current PIX© rent against current PIX© sale price, across 802 registered Ejari contracts.

How many units are in Axis Residences 7?

Axis Residences 7 holds 122 registered units, per the Dubai Land Department unit register.