232, Oia Residence
Sold prices and rental history: sold once, by the developer in October 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 232, Oia Residence
What is 232 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 27 December 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,616 sqft
- Floor
- 2nd of 5
- Parking
- B-168
- Developer
- Union Properties
- Completed
- 2018
- Service charge
- AED 23,900 /yr
- Last sold
- AED 1.2M · October 2022
- Building
- Oia Residence
About 232, Oia Residence
232 is a two-bedroom apartment of 1,616 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 25 October 2022 for AED 1,200,000, or AED 742 per sqft, 5% below the AED 778 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 27 December 2024, is AED 110,000 a year: a gross yield of 9.2% on the 2022 price, before the service charge of about AED 23,900 a year.
Sales and rents for 232 over time
232 has sold once; the dashed line is the two-bed median of each year in the building.
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 232 sits
All 125 2-beds →232 last sold in October 2022 at AED 742 per sqft, 5% below what two-beds in Oia Residence were fetching at the time (AED 778). 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. 232's AED 110,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Feb 202613 February 2026 | 1,687 sqft | 2,150,000 | 1,274 | ||
| 6 Feb 20266 February 2026 | 1,417 sqft | 1,488,000 | 1,050 | ||
| 9 Dec 20259 December 2025 | 1,413 sqft | 2,100,000 | 1,485 | ||
| 17 Jul 202517 July 2025 | 1,777 sqft | 1,850,000 | 1,041 |
Oia Residence
Building269 apartments, 1-bed to 4-bed over 5 floors in Uptown Motorcity, completed in 2018 by Union Properties. 15 sold in the last 12 months.
- Typical price per sqft
- AED 1,050 Down 4.5%
- Typical sale
- AED 2.12M
- Typical rent
- AED 127K /yr
- Typical yield
- 8.7%
Other units on the 2nd floor
All 269 units in Oia Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 2-bed | 2,353 sqft | AED 1.68MAED 1,675,000 · Oct 2022October 2022 | 89,486 /yr | |
| 202 | 2-bed | 1,417 sqft | AED 1.49MAED 1,488,000 · Feb 2026February 2026 | 93,700 /yr | |
| 203 | 2-bed | 1,407 sqft | AED 1.88MAED 1,880,000 · Apr 2025April 2025 | 137,000 /yr | |
| 204 | 2-bed | 1,413 sqft | AED 1.3MAED 1,296,960 · Sep 2024September 2024 | 135,000 /yr | |
| 205 | 2-bed | 1,796 sqft | AED 1.56MAED 1,557,935 · Aug 2021August 2021 | 120,000 /yr | |
| 206 | 2-bed | 1,430 sqft | AED 1.12MAED 1,120,000 · Oct 2022October 2022 | 110,000 /yr | |
| 207 | 2-bed | 1,363 sqft | AED 1.2MAED 1,200,000 · Feb 2023February 2023 | ||
| 208 | 1,399 sqft | AED 1.16MAED 1,162,325 · Dec 2020December 2020 | 100,000 /yr | ||
| 209 | 1-bed | 924 sqft | AED 824KAED 824,000 · Dec 2022December 2022 | 80,000 /yr | |
| 210 | 1-bed | 1,045 sqft | AED 850KAED 850,000 · May 2022May 2022 | 74,500 /yr | |
| 211 | 1-bed | 1,222 sqft | AED 1.06MAED 1,060,348 · Aug 2021August 2021 | 50,000 /yr | |
| 212 | 1-bed | 906 sqft | AED 650KAED 650,000 · Mar 2022March 2022 | 85,000 /yr | |
| 213 | 1-bed | 923 sqft | AED 890KAED 889,800 · May 2024May 2024 | 85,000 /yr | |
| 214 | 2-bed | 1,803 sqft | AED 1.45MAED 1,447,773 · Jun 2022June 2022 | 150,000 /yr | |
| 215 | 1-bed | 928 sqft | AED 860KAED 860,000 · Mar 2024March 2024 | 90,000 /yr | |
| 216 | 909 sqft | AED 1MAED 1,000,000 · Aug 2025August 2025 | 63,000 /yr | ||
| 217 | 3-bed | 2,089 sqft | AED 2.21MAED 2,207,990 · Apr 2017April 2017 | 190,000 /yr | |
| 218 | 3-bed | 2,072 sqft | AED 1.65MAED 1,648,000 · Dec 2022December 2022 | 140,000 /yr | |
| 219 | 2-bed | 2,331 sqft | AED 1.66MAED 1,655,404 · Jun 2023June 2023 | 88,754 /yr | |
| 220 | 2-bed | 1,748 sqft | AED 1.92MAED 1,922,272 · Dec 2024December 2024 | 100,000 /yr | |
| 221 | 2-bed | 1,518 sqft | AED 1.33MAED 1,326,652 · Aug 2020August 2020 | 132,665 /yr | |
| 222 | 1-bed | 1,211 sqft | AED 979KAED 978,785 · Mar 2022March 2022 | 90,000 /yr | |
| 223 | 2-bed | 2,023 sqft | AED 1.52MAED 1,519,250 · Dec 2022December 2022 | 109,543 /yr | |
| 224 | 1,685 sqft | AED 1.69MAED 1,685,000 · Oct 2025October 2025 | 93,000 /yr | ||
| 225 | 2-bed | 1,625 sqft | AED 1.33MAED 1,334,180 · May 2021May 2021 | ||
| 226 | 1-bed | 897 sqft | AED 650KAED 650,000 · Mar 2022March 2022 | 48,000 /yr | |
| 227 | 1,365 sqft | AED 1.72MAED 1,720,000 · Oct 2025October 2025 | 132,000 /yr | ||
| 228 | 1-bed | 930 sqft | AED 1.06MAED 1,058,391 · Jan 2018January 2018 | 85,000 /yr | |
| 229 | 1-bed | 951 sqft | AED 880KAED 880,000 · Mar 2022March 2022 | ||
| 230 | 2-bed | 1,369 sqft | AED 1.52MAED 1,518,531 · Dec 2017December 2017 | 80,000 /yr | |
| 231 | 1-bed | 897 sqft | AED 650KAED 650,000 · Mar 2022March 2022 | 66,000 /yr | |
| 233 | 2-bed | 1,691 sqft | AED 1.23MAED 1,225,000 · Sep 2022September 2022 | 90,257 /yr | |
| 234 | 2-bed | 2,038 sqft | AED 2.28MAED 2,275,000 · Jun 2025June 2025 | 170,000 /yr | |
| 235 | 1-bed | 1,215 sqft | AED 1.29MAED 1,285,000 · Apr 2017April 2017 | 88,000 /yr | |
| 236 | 2-bed | 1,517 sqft | AED 1.34MAED 1,339,420 · Nov 2021November 2021 | ||
| 237 | 2-bed | 1,716 sqft | AED 1.27MAED 1,274,000 · Nov 2022November 2022 | 200,000 /yr | |
| 238 | 2-bed | 2,339 sqft | AED 2.03MAED 2,029,282 · Aug 2021August 2021 | 95,000 /yr | |
| 239 | 2-bed | 2,337 sqft | AED 1.88MAED 1,875,000 · May 2024May 2024 | 88,543 /yr | |
| 240 | 1,417 sqft | AED 1.56MAED 1,558,700 · Oct 2025October 2025 | 130,000 /yr | ||
| 241 | 2-bed | 1,407 sqft | AED 1.29MAED 1,294,850 · Oct 2020October 2020 | 145,000 /yr | |
| 242 | 1,413 sqft | AED 1.7MAED 1,700,000 · Sep 2025September 2025 | 100,000 /yr | ||
| 243 | 2-bed | 1,796 sqft | AED 1.31MAED 1,310,000 · Jul 2022July 2022 | 91,800 /yr | |
| 244 | 2-bed | 1,430 sqft | AED 1.24MAED 1,240,842 · Aug 2021August 2021 | 93,700 /yr | |
| 245 | 2-bed | 1,421 sqft | AED 1.35MAED 1,348,050 · Oct 2021October 2021 | ||
| 246 | 2-bed | 1,392 sqft | AED 1.1MAED 1,100,000 · Oct 2022October 2022 | 120,000 /yr | |
| 247 | 1-bed | 924 sqft | AED 650KAED 650,000 · Mar 2022March 2022 | 54,600 /yr | |
| 248 | 1-bed | 892 sqft | AED 839KAED 839,400 · Aug 2021August 2021 | 70,000 /yr | |
| 249 | 2-bed | 1,794 sqft | AED 1.29MAED 1,293,600 · Nov 2022November 2022 | 106,500 /yr | |
| 250 | 2-bed | 1,427 sqft | AED 1.12MAED 1,120,000 · Jan 2023January 2023 | ||
| 251 | 2-bed | 1,805 sqft | AED 1.28MAED 1,275,000 · Jul 2022July 2022 | 165,000 /yr | |
| 252 | 2-bed | 1,391 sqft | AED 1.78MAED 1,780,000 · Nov 2024November 2024 | ||
| 253 | 3-bed | 2,072 sqft | AED 2.18MAED 2,175,303 · Apr 2017April 2017 | ||
| 254 | 3-bed | 2,088 sqft | AED 1.58MAED 1,580,351 · Aug 2020August 2020 | 135,000 /yr |
232, Oia Residence in numbers
- Sold once: by Union Properties on 25 October 2022 for AED 1,200,000, or AED 742 per sqft.
- Rented since January 2019 on 4 Ejari contracts, from AED 105,217 to AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2022 price is 9.2%, before a service charge of about AED 23,900 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 27 December 2024.
Questions about 232, Oia Residence
What did unit 232 last sell for?
AED 1,200,000 on 25 October 2022, sold by the developer: AED 742 per sqft for 1,616 sqft. It is the only registered sale of the unit.
What is the rent for unit 232?
AED 110,000 a year on the contract signed on 27 December 2024. The previous contract, from December 2023, was AED 110,000; the unit has been rented since January 2019.
How big is unit 232?
1,616 sqft (150.1 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.
What is unit 232 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 232, Oia Residence
Starts from the last sale price (AED 1.2M, 25 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,200,000
- Deposit, UAE resident (20%)
- AED 240,000
- Deposit, non-resident (40%)
- AED 480,000
- Monthly over 25 years at 3.7%
- AED 4,910
Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →