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2-bed · 2,023 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

223, Oia Residence

Sold prices and rental history: sold once, by the developer in December 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 223 · DLD and Ejari recordsUpdated 15 March 2025
Last soldAED 1.52M21 December 2022
Current rentAED 110K /yr15 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 223, Oia Residence

What is 223 worth today?

Last sold for AED 1,519,250 in 2022

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15 Mar 2025RentedNew contract
AED 109,543/yr8 months · AED 54 per sqft
16 Mar 2024RentedNew contract
AED 105,000/yr12 months · AED 52 per sqft
16 Mar 2023RentedNew contract
AED 105,000/yr12 months · AED 52 per sqft
21 Dec 2022Sold by developerReady
AED 1,519,250AED 750 per sqft
16 Jan 2022RentedNew contract
AED 94,114/yr14 months · AED 47 per sqft
22 Jun 2019RentedNew contract
AED 123,000/yr13 months · AED 61 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 March 2025.

Key facts

Type
2-bed apartment
Size
2,023 sqft
Floor
2nd of 5
Parking
B-141
Developer
Union Properties
Completed
2018
Service charge
AED 29,900 /yr
Last sold
AED 1.52M · December 2022
Building
Oia Residence

About 223, Oia Residence

223 is a two-bedroom apartment of 2,023 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 21 December 2022 for AED 1,519,250, or AED 750 per sqft, 3% below the AED 775 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 15 March 2025, is AED 109,543 a year: a gross yield of 7.2% on the 2022 price, before the service charge of about AED 29,900 a year.

Sales and rents for 223 over time

Sales
Unit 223, each saleTypical two-bed in Oia Residence
1.5M2017202020232026Typical sale price by year: 2017 AED 1,685,316; 2020 AED 1,326,474; 2021 AED 1,463,156; 2022 AED 1,275,000; 2023 AED 1,287,000; 2024 AED 1,800,000; 2025 AED 1,865,000Sold by developer, December 2022: AED 1,519,250 (AED 750 per sqft)

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

Rents
Unit 223, each contractTypical two-bed in Oia Residence
100K120K20182020202220242026Typical rent by year: 2018 AED 117,000; 2019 AED 115,000; 2020 AED 107,100; 2021 AED 92,308; 2022 AED 95,000; 2023 AED 105,000; 2024 AED 119,358; 2025 AED 127,500New contract, June 2019: AED 123,000 a yearNew contract, January 2022: AED 94,114 a yearNew contract, March 2023: AED 105,000 a yearNew contract, March 2024: AED 105,000 a yearNew contract, March 2025: AED 109,543 a year

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

2-beds in Oia Residence, and where 223 sits

All 125 2-beds →

223 last sold in December 2022 at AED 750 per sqft, 3% below what two-beds in Oia Residence were fetching at the time (AED 775). Over the last 12 months two-beds sold for AED 1,488,000 to 2,150,000, around AED 1,234 per sqft, and rent for AED 124,574 to 130,000 a year. 223's AED 109,543 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Feb 20262,150,000
6 Feb 20261,488,000
9 Dec 20252,100,000
17 Jul 20251,850,000
4 2-bed sales 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

223, Oia Residence in numbers

  • Sold once: by Union Properties on 21 December 2022 for AED 1,519,250, or AED 750 per sqft.
  • Rented since June 2019 on 5 Ejari contracts. The rent fell from AED 123,000 to AED 94,114 in 2022 and recovered to AED 109,543 by March 2025.
  • At AED 109,543 a year the gross yield on the 2022 price is 7.2%, before a service charge of about AED 29,900 a year (AED 14.76 per sqft).
  • Two-beds in Oia Residence sold for AED 1,488,000–2,150,000 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 15 March 2025.

Questions about 223, Oia Residence

What did unit 223 last sell for?

AED 1,519,250 on 21 December 2022, sold by the developer: AED 750 per sqft for 2,023 sqft. It is the only registered sale of the unit.

What is the rent for unit 223?

AED 109,543 a year on the contract signed on 15 March 2025. The previous contract, from March 2024, was AED 105,000; the unit has been rented since June 2019.

How big is unit 223?

2,023 sqft (187.9 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 223 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Oia Residence sold for AED 1,488,000 to 2,150,000 in the last 12 months, around AED 1,234 per sqft.

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Mortgage on 223, Oia Residence

Starts from the last sale price (AED 1.52M, 21 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,519,250
Deposit, UAE resident (20%)
AED 303,850
Deposit, non-resident (40%)
AED 607,700
Monthly over 25 years at 3.7%
AED 6,216

Plus AED 68,819 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →