Two-dimensional (2D) oxyhalides offer unique and fascinating properties due to long-range magnetic ordering in a low dimensional limit. These have potential applications in spintronics and low-dimensional data storage devices. Herein, we demonstrate the biaxial ([110]) strain impact on the electronic and magnetic properties of thermodynamically stable 2D like DyOBr oxybromide based on the first-principles calculations including Hubbard parameter (U) and U+mBJ (modified-Becke-Johnson) methods as well as spin–orbit coupling (SOC) effects. Our calculations predict that an unstrained system exhibits an anti-ferromagnetic (AFM) insulating state with a direct wide energy band gap (Eg) of 5.404 eV within GGA+U+mBJ scheme and the estimated Neel temperature (TN) using the Ising model is 13 K, which is in excellent agreement with the experimentally observed values of 5.41 eV and 9.5 K, respectively. Moreover, it is revealed that Dy ions displayed a large partial spin magnetic moment (ms) of 4.969 μB/f.u. (per formula unit) with S = 2.5 as they lie in + 3 state having the electronic configuration of [fx(x2−3y2)+fy(3x2−y2)]↑2↓1, [fxz2+fyz2]↑2↓1, [fz(x2−y2)]↑1↓0, [fxyz]↑1↓0, and [fz3]↑1↓0. Interestingly, the system displays a large magnetic anisotropy energy of 4.31 meV/atom with a magnetic easy axis of [100] (a-axis), which enhances its utilization in magnetic memory devices. Further, it is established that the AFM insulating behavior of the structure remains robust against biaxial ([110]) strain for the considered range of ±5%. However, a well-ordered shift in conduction band edge (CBE) position to higher and lower energy values is predicted for compressive and tensile strains, respectively. Strikingly, it is found that the TN increases to 265% for +5% strain.
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