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2-bed · 1,430 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

244, Oia Residence

Sold prices and rental history: sold once, by the developer in August 2021, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 244 · DLD and Ejari recordsUpdated 15 April 2022
Last soldAED 1.24M5 August 2021
Current rentAED 94K /yr15 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 244, Oia Residence

What is 244 worth today?

Last sold for AED 1,240,842 in 2021

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15 Apr 2022RentedNew contract
AED 93,700/yr13 months · AED 66 per sqft
5 Aug 2021Sold by developerReady
AED 1,240,842AED 867 per sqft
1 Mar 2021RentedRenewal
AED 93,046/yr13 months · AED 65 per sqft
29 Feb 2020RentedRenewal
AED 100,800/yr12 months · AED 70 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2022.

Key facts

Type
2-bed apartment
Size
1,430 sqft
Floor
2nd of 5
Parking
B-65
Developer
Union Properties
Completed
2018
Service charge
AED 21,100 /yr
Last sold
AED 1.24M · August 2021
Building
Oia Residence

About 244, Oia Residence

244 is a two-bedroom apartment of 1,430 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 5 August 2021 for AED 1,240,842, or AED 867 per sqft, in line with the AED 867 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 15 April 2022, is AED 93,700 a year: a gross yield of 7.5% on the 2021 price, before the service charge of about AED 21,100 a year.

Sales and rents for 244 over time

Sales
Unit 244, 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, August 2021: AED 1,240,842 (AED 867 per sqft)

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

Rents
Unit 244, 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 127,500Renewal, February 2020: AED 100,800 a yearRenewal, March 2021: AED 93,046 a yearNew contract, April 2022: AED 93,700 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 244 sits

All 125 2-beds →

244 last sold in August 2021 at AED 867 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 867). 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. 244's AED 93,700 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. 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

244, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 1,240,842, or AED 867 per sqft.
  • Rented since February 2020 on 3 Ejari contracts, from AED 100,800 to AED 93,700 a year.
  • At AED 93,700 a year the gross yield on the 2021 price is 7.5%, before a service charge of about AED 21,100 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 April 2022.

Questions about 244, Oia Residence

What did unit 244 last sell for?

AED 1,240,842 on 5 August 2021, sold by the developer: AED 867 per sqft for 1,430 sqft. It is the only registered sale of the unit.

What is the rent for unit 244?

AED 93,700 a year on the contract signed on 15 April 2022. The previous contract, from March 2021, was AED 93,046; the unit has been rented since February 2020.

How big is unit 244?

1,430 sqft (132.9 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 244 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 244, Oia Residence

Starts from the last sale price (AED 1.24M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,240,842
Deposit, UAE resident (20%)
AED 248,168
Deposit, non-resident (40%)
AED 496,337
Monthly over 25 years at 3.7%
AED 5,077

Plus AED 57,126 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →