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2-bed · 1,407 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

241, Oia Residence

Sold prices and rental history: sold once, by the developer in October 2020, and rented once, from February 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 241 · DLD and Ejari recordsUpdated 28 February 2025
Last soldAED 1.29M28 October 2020
Current rentAED 145K /yr28 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 241, Oia Residence

What is 241 worth today?

Last sold for AED 1,294,850 in 2020

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28 Feb 2025RentedNew contract
AED 145,000/yr12 months · AED 103 per sqft
28 Oct 2020Sold by developerReady
AED 1,294,850AED 920 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 28 February 2025.

Key facts

Type
2-bed apartment
Size
1,407 sqft
Floor
2nd of 5
Parking
B-68
Developer
Union Properties
Completed
2018
Service charge
AED 20,800 /yr
Last sold
AED 1.29M · October 2020
Building
Oia Residence

About 241, Oia Residence

241 is a two-bedroom apartment of 1,407 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 28 October 2020 for AED 1,294,850, or AED 920 per sqft, in line with the AED 911 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 February 2025. The current contract, signed on 28 February 2025, is AED 145,000 a year: a gross yield of 11.2% on the 2020 price, before the service charge of about AED 20,800 a year.

Sales and rents for 241 over time

Sales
Unit 241, 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, October 2020: AED 1,294,850 (AED 920 per sqft)

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

Rents
Unit 241, each contractTypical two-bed in Oia Residence
100K125K150K20182020202220242026Typical 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, February 2025: AED 145,000 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 241 sits

All 125 2-beds →

241 last sold in October 2020 at AED 920 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 911). 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. 241's AED 145,000 is at the top 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

241, Oia Residence in numbers

  • Sold once: by Union Properties on 28 October 2020 for AED 1,294,850, or AED 920 per sqft.
  • Rented since February 2025 on one Ejari contract, at AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2020 price is 11.2%, before a service charge of about AED 20,800 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 28 February 2025.

Questions about 241, Oia Residence

What did unit 241 last sell for?

AED 1,294,850 on 28 October 2020, sold by the developer: AED 920 per sqft for 1,407 sqft. It is the only registered sale of the unit.

What is the rent for unit 241?

AED 145,000 a year on the contract signed on 28 February 2025.

How big is unit 241?

1,407 sqft (130.7 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 241 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 241, Oia Residence

Starts from the last sale price (AED 1.29M, 28 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,294,850
Deposit, UAE resident (20%)
AED 258,970
Deposit, non-resident (40%)
AED 517,940
Monthly over 25 years at 3.7%
AED 5,298

Plus AED 59,394 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →