1-bed · 1,215 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

235, Oia Residence

Sold prices and rental history: sold once, by the developer in April 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 235 · DLD and Ejari recordsUpdated 11 April 2024
Last soldAED 1.29M3 April 2017
Current rentAED 88K /yr11 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 235, Oia Residence

What is 235 worth today?

Last sold for AED 1,285,000 in 2017

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11 Apr 2024RentedRenewal
AED 88,000/yr12 months · AED 72 per sqft
11 Apr 2024RentedRenewal
AED 88,000/yr12 months · AED 73 per sqft
11 Apr 2023RentedNew contract
AED 80,000/yr12 months · AED 66 per sqft
7 Mar 2022RentedRenewal
AED 63,000/yr12 months · AED 52 per sqft
7 Mar 2021RentedNew contract
AED 60,000/yr12 months · AED 49 per sqft
15 Nov 2019RentedNew contract
AED 75,000/yr12 months · AED 62 per sqft
3 Apr 2017Sold by developerOff-plan
AED 1,285,000AED 1,057 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 11 April 2024.

Key facts

Type
1-bed apartment
Size
1,215 sqft
Floor
2nd of 5
Parking
B-80
Developer
Union Properties
Completed
2018
Service charge
AED 17,900 /yr
Last sold
AED 1.29M · April 2017

About 235, Oia Residence

235 is a one-bedroom apartment of 1,215 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 3 April 2017 for AED 1,285,000, or AED 1,057 per sqft, 14% below the AED 1,231 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 11 April 2024, is AED 88,000 a year: a gross yield of 6.9% on the 2017 price, before the service charge of about AED 17,900 a year.

Sales and rents for 235 over time

Sales
Unit 235, each saleTypical one-bed in Oia Residence
1M20172019202120232025Typical 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, April 2017: AED 1,285,000 (AED 1,057 per sqft)

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

Rents
Unit 235, each contractTypical one-bed in Oia Residence
60K80K2018202120242027Typical 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 2019: AED 75,000 a yearNew contract, March 2021: AED 60,000 a yearRenewal, March 2022: AED 63,000 a yearNew contract, April 2023: AED 80,000 a yearRenewal, April 2024: AED 88,000 a yearRenewal, April 2024: AED 88,000 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 235 sits

All 43 1-beds →

235 last sold in April 2017 at AED 1,057 per sqft, 14% below what one-beds in Oia Residence were fetching at the time (AED 1,231). 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. 235's AED 88,000 is in the lower half 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

235, Oia Residence in numbers

  • Sold once: by Union Properties on 3 April 2017 for AED 1,285,000, or AED 1,057 per sqft.
  • Rented since November 2019 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 60,000 in 2021 and recovered to AED 88,000 by April 2024.
  • At AED 88,000 a year the gross yield on the 2017 price is 6.9%, before a service charge of about AED 17,900 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 11 April 2024.

Questions about 235, Oia Residence

What did unit 235 last sell for?

AED 1,285,000 on 3 April 2017, sold by the developer: AED 1,057 per sqft for 1,215 sqft. It is the only registered sale of the unit.

What is the rent for unit 235?

AED 88,000 a year on the contract renewed on 11 April 2024. The previous contract, from April 2024, was AED 88,000; the unit has been rented since November 2019.

How big is unit 235?

1,215 sqft (112.9 sqm): a one-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 235 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 235, Oia Residence

Starts from the last sale price (AED 1.29M, 3 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,285,000
Deposit, UAE resident (20%)
AED 257,000
Deposit, non-resident (40%)
AED 514,000
Monthly over 25 years at 3.7%
AED 5,257

Plus AED 58,980 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →