Need some advice - Investing in Axis 1 Residence (Dubai Silicon Oasis)

Discussion in 'Dubai property' started by Dxb_Guy, Apr 1, 2016.

  1. Dxb_Guy

    Dxb_Guy New Member

    Hi folks,

    Anyone have any experience investing in Axis 1 in DSO? What are your thoughts on the property? I am getting a 1 bed for AED 600k with a rental of AED 60k. Seems like the price may have bottomed out and looks like a good investment, but of course would like to hear opinions from other investors as well.

    Thanks!
     
  2. bahjat omran

    bahjat omran New Member

    I have been offered the same in axis 2 and the same rent and am bit concerned, I would appreciate any advice
    Thanks
     
  3. Dennis Cortez

    Dennis Cortez New Member

    Average asking prices in Axis for 1br is around 600-650k. But the actual buying is of course depends on both parties. If you are getting 60k i.e. 10% ROI which is better than other areas in Dubai. However, take other factors into account i.e. number of days the property is vacant and other fees including broker fee, A/C etc.

    hope this helps. :)
     
  4. Zishan M. Khan

    Zishan M. Khan New Member

    DSO is a good location. AXIS tower is however is located in a Leasehold area of DSO. This means that the property belongs to you for a period of 99 years, unlike a Freehold property, which is yours..well...forever.
    I understand that 99 years is a long time but DSO has seen stunted capital appreciation in the projects due to this reason.
    I would recommend investing in Sports City, Jumeirah Village Circle or IMPZ, where you will find similar ROIs.
     
    Last edited by a moderator: Jun 26, 2016
Loading...

Share This Page