1,413 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

242, Oia Residence

Sold prices and rental history: sold twice, last in September 2025, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 242 · DLD and Ejari recordsUpdated 4 September 2025
Last soldAED 1.7M4 September 2025
Current rentAED 100K /yr7 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 242, Oia Residence

What is 242 worth today?

Last sold for AED 1,700,000 in 2025

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4 Sep 2025SoldReady
AED 1,700,000AED 1,202 per sqft
7 Nov 2024RentedRenewal
AED 100,000/yr12 months · AED 71 per sqft
7 Nov 2023RentedRenewal
AED 91,000/yr12 months · AED 65 per sqft
7 Nov 2022RentedRenewal
AED 88,000/yr12 months · AED 62 per sqft
7 Nov 2021RentedRenewal
AED 88,000/yr12 months · AED 62 per sqft
5 Aug 2020Sold by developerReady
AED 580,853AED 410 per sqft
24 Sep 2019RentedNew contract
AED 104,000/yr13 months · AED 74 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 4 September 2025.

Key facts

Type
Apartment
Size
1,413 sqft
Floor
2nd of 5
Parking
B-67
Developer
Union Properties
Completed
2018
Service charge
AED 20,900 /yr
Last sold
AED 1.7M · September 2025

About 242, Oia Residence

242 is an apartment of 1,413 sqft on the 2nd floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. It last sold on 4 September 2025 for AED 1,700,000, or AED 1,202 per sqft.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 7 November 2024, is AED 100,000 a year: a gross yield of 5.9% on the 2025 price, before the service charge of about AED 20,900 a year.

Oia Residence

Building

269 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%
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

242, Oia Residence in numbers

  • Sold twice: first on 5 August 2020 for AED 580,853, last on 4 September 2025 for AED 1,700,000 (AED 1,202 per sqft).
  • Rented since September 2019 on 5 Ejari contracts. The rent fell from AED 104,000 to AED 88,000 in 2022 and recovered to AED 100,000 by November 2024.
  • At AED 100,000 a year the gross yield on the 2025 price is 5.9%, before a service charge of about AED 20,900 a year (AED 14.76 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 4 September 2025.

Questions about 242, Oia Residence

What did unit 242 last sell for?

AED 1,700,000 on 4 September 2025: AED 1,202 per sqft for 1,413 sqft. The unit has 2 registered sales; the first was AED 580,853 in August 2020.

What is the rent for unit 242?

AED 100,000 a year on the contract renewed on 7 November 2024. The previous contract, from November 2023, was AED 91,000; the unit has been rented since September 2019.

How big is unit 242?

1,413 sqft (131.3 sqm): an apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 242 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 242, Oia Residence

Starts from the last sale price (AED 1.7M, 4 September 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

Plus AED 76,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →