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1-bed · 1,222 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

211, Oia Residence

Sold prices and rental history: sold once, by the developer in August 2021, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 211 · DLD and Ejari recordsUpdated 5 March 2024
Last soldAED 1.06M5 August 2021
Current rentAED 50K /yr5 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 211, Oia Residence

What is 211 worth today?

Last sold for AED 1,060,348 in 2021

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5 Mar 2024RentedNew contract
AED 50,000/yr13 months · AED 41 per sqft
1 Mar 2024RentedNew contract
AED 46,154/yr13 months · AED 38 per sqft
15 Jan 2023RentedNew contract
AED 55,000/yr12 months · AED 45 per sqft
5 Aug 2021Sold by developerReady
AED 1,060,348AED 867 per sqft
11 Oct 2020RentedRenewal
AED 65,300/yr12 months · AED 53 per sqft
11 Oct 2019RentedNew contract
AED 76,500/yr12 months · AED 63 per sqft
11 Nov 2018RentedNew contract
AED 83,455/yr11 months · AED 68 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 March 2024.

Key facts

Type
1-bed apartment
Size
1,222 sqft
Floor
2nd of 5
Parking
B-365
Developer
Union Properties
Completed
2018
Service charge
AED 18,000 /yr
Last sold
AED 1.06M · August 2021
Building
Oia Residence

About 211, Oia Residence

211 is a one-bedroom apartment of 1,222 sqft on the 2nd floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. The developer sold it on 5 August 2021 for AED 1,060,348, or AED 867 per sqft.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 5 March 2024, is AED 50,000 a year: a gross yield of 4.7% on the 2021 price, before the service charge of about AED 18,000 a year.

Sales and rents for 211 over time

Sales
Unit 211, each saleTypical one-bed in Oia Residence
600K800K1M20172019202120232025Typical sale price by year: 2017 AED 1,038,129; 2018 AED 1,020,000; 2020 AED 860,510; 2021 AED 977,360; 2022 AED 650,000; 2023 AED 950,000; 2024 AED 875,000Sold by developer, August 2021: AED 1,060,348 (AED 867 per sqft)

211 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 211, each contractTypical one-bed in Oia Residence
40K60K80K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 69,000; 2020 AED 55,000; 2021 AED 55,000; 2022 AED 55,500; 2023 AED 65,000; 2024 AED 68,250; 2025 AED 82,500; 2026 AED 85,000New contract, November 2018: AED 83,455 a yearNew contract, October 2019: AED 76,500 a yearRenewal, October 2020: AED 65,300 a yearNew contract, January 2023: AED 55,000 a yearNew contract, March 2024: AED 50,000 a yearNew contract, March 2024: AED 46,154 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Oia Residence, and where 211 sits

All 43 1-beds →

Over the last 12 months one-beds sold for AED 1,205,000, around AED 1,379 per sqft, and rent for AED 76,000 to 165,000 a year. 211's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Feb 20261,205,000
18 Dec 2024818,330
26 Nov 20241,030,000
16 Sep 20241,100,000
1 1-bed sale in the last 12 months

Oia Residence

Building

269 apartments, 1-bed to 4-bed over 5 floors in Uptown Motorcity, completed in 2018 by Union Properties. 14 sold in the last 12 months.

Typical price per sqft
AED 1,050 Down 4.5%
Typical sale
AED 2.13M
Typical rent
AED 127K /yr
Typical yield
8.7%
Oia Residence, Uptown Motorcity: prices, sales and rents →

Other units on the 2nd floor

All 269 units in Oia Residence
Value
2012-bedAED 1.68M · Oct 2022
2022-bedAED 1.49M · Feb 2026
2032-bedAED 1.88M · Apr 2025
2042-bedAED 1.3M · Sep 2024
2052-bedAED 1.56M · Aug 2021
2062-bedAED 1.12M · Oct 2022
2072-bedAED 1.2M · Feb 2023
1–7 of 53

211, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 1,060,348, or AED 867 per sqft.
  • Rented since November 2018 on 6 Ejari contracts, from AED 83,455 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2021 price is 4.7%, before a service charge of about AED 18,000 a year (AED 14.76 per sqft).
  • One-beds in Oia Residence sold for AED 1,205,000–1,205,000 in the 12 months to November 2026; the building's median across all types is AED 1,050 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 5 March 2024.

Questions about 211, Oia Residence

What did unit 211 last sell for?

AED 1,060,348 on 5 August 2021, sold by the developer: AED 867 per sqft for 1,222 sqft. It is the only registered sale of the unit.

What is the rent for unit 211?

AED 50,000 a year on the contract signed on 5 March 2024. The previous contract, from March 2024, was AED 46,154; the unit has been rented since November 2018.

How big is unit 211?

1,222 sqft (113.5 sqm): a one-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 211 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oia Residence sold for AED 1,205,000 to 1,205,000 in the last 12 months, around AED 1,379 per sqft.

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Mortgage on 211, Oia Residence

Starts from the last sale price (AED 1.06M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,060,348
Deposit, UAE resident (20%)
AED 212,070
Deposit, non-resident (40%)
AED 424,139
Monthly over 25 years at 3.7%
AED 4,338

Plus AED 49,545 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →