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1-bed · 892 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

248, Oia Residence

Sold prices and rental history: sold once, by the developer in August 2021, and rented once, from October 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 248 · DLD and Ejari recordsUpdated 9 August 2021
Last soldAED 839K9 August 2021
Current rentAED 70K /yr1 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 248, Oia Residence

What is 248 worth today?

Last sold for AED 839,400 in 2021

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9 Aug 2021Sold by developerReady
AED 839,400AED 940 per sqft
1 Oct 2018RentedNew contract
AED 70,000/yr12 months · AED 78 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 August 2021.

Key facts

Type
1-bed apartment
Size
892 sqft
Floor
2nd of 5
Parking
B-61
Developer
Union Properties
Completed
2018
Service charge
AED 13,200 /yr
Last sold
AED 839K · August 2021
Building
Oia Residence

About 248, Oia Residence

248 is a one-bedroom apartment of 892 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 9 August 2021 for AED 839,400, or AED 940 per sqft, in line with the AED 940 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2018. The current contract, signed on 1 October 2018, is AED 70,000 a year: a gross yield of 8.3% on the 2021 price, before the service charge of about AED 13,200 a year.

Sales and rents for 248 over time

Sales
Unit 248, each saleTypical one-bed in Oia Residence
600K800K1M20172019202120232025Typical 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, August 2021: AED 839,400 (AED 940 per sqft)

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

Rents
Unit 248, 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, October 2018: AED 70,000 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 248 sits

All 43 1-beds →

248 last sold in August 2021 at AED 940 per sqft, in line with what one-beds in Oia Residence were fetching at the time (AED 940). Over the last 12 months one-beds sold for AED 1,120,000 to 1,205,000, around AED 1,373 per sqft, and rent for AED 76,000 to 165,000 a year. 248's AED 70,000 is at the bottom 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
2 1-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

248, Oia Residence in numbers

  • Sold once: by Union Properties on 9 August 2021 for AED 839,400, or AED 940 per sqft.
  • Rented since October 2018 on one Ejari contract, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2021 price is 8.3%, before a service charge of about AED 13,200 a year (AED 14.76 per sqft).
  • One-beds in Oia Residence sold for AED 1,120,000–1,205,000 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 9 August 2021.

Questions about 248, Oia Residence

What did unit 248 last sell for?

AED 839,400 on 9 August 2021, sold by the developer: AED 940 per sqft for 892 sqft. It is the only registered sale of the unit.

What is the rent for unit 248?

AED 70,000 a year on the contract signed on 1 October 2018.

How big is unit 248?

892 sqft (82.9 sqm): a one-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 248 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 1,120,000 to 1,205,000 in the last 12 months, around AED 1,373 per sqft.

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Mortgage on 248, Oia Residence

Starts from the last sale price (AED 839K, 9 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 839,400
Deposit, UAE resident (20%)
AED 167,880
Deposit, non-resident (40%)
AED 335,760
Monthly over 25 years at 3.7%
AED 3,434

Plus AED 40,265 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →