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2-bed · 1,906 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

301, Oia Residence

Sold prices and rental history: sold once, by the developer in August 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 21 November 2022
Last soldAED 1.65M5 August 2021
Current rentAED 98K /yr21 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 301, Oia Residence

What is 301 worth today?

Last sold for AED 1,653,643 in 2021

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21 Nov 2022RentedRenewal
AED 98,000/yr12 months · AED 51 per sqft
21 Nov 2021RentedRenewal
AED 98,000/yr12 months · AED 51 per sqft
5 Aug 2021Sold by developerReady
AED 1,653,643AED 867 per sqft
21 Nov 2019RentedNew contract
AED 106,600/yr12 months · AED 56 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 21 November 2022.

Key facts

Type
2-bed apartment
Size
1,906 sqft
Floor
3rd of 5
Parking
B-117
Developer
Union Properties
Completed
2018
Service charge
AED 28,100 /yr
Last sold
AED 1.65M · August 2021
Building
Oia Residence

About 301, Oia Residence

301 is a two-bedroom apartment of 1,906 sqft on the 3rd 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 1,653,643, 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 2019 on 3 Ejari contracts. The current contract, renewed on 21 November 2022, is AED 98,000 a year: a gross yield of 5.9% on the 2021 price, before the service charge of about AED 28,100 a year.

Sales and rents for 301 over time

Sales
Unit 301, 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 1,653,643 (AED 867 per sqft)

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

Rents
Unit 301, 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 127,500New contract, November 2019: AED 106,600 a yearRenewal, November 2021: AED 98,000 a yearRenewal, November 2022: AED 98,000 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 301 sits

All 125 2-beds →

301 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. 301's AED 98,000 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. 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 3rd floor

All 269 units in Oia Residence
Value
3022-bedAED 1.1M · Nov 2022
3032-bedAED 1.5M · Sep 2024
3042-bedAED 1.24M · Aug 2021
3052-bedAED 1.51M · Nov 2021
3062-bedAED 587K · Nov 2020
3072-bedAED 1.3M · Jun 2023
3082-bedAED 1.1M · Nov 2022
1–7 of 53

301, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 1,653,643, or AED 867 per sqft.
  • Rented since November 2019 on 3 Ejari contracts, from AED 106,600 to AED 98,000 a year.
  • At AED 98,000 a year the gross yield on the 2021 price is 5.9%, before a service charge of about AED 28,100 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 21 November 2022.

Questions about 301, Oia Residence

What did unit 301 last sell for?

AED 1,653,643 on 5 August 2021, sold by the developer: AED 867 per sqft for 1,906 sqft. It is the only registered sale of the unit.

What is the rent for unit 301?

AED 98,000 a year on the contract renewed on 21 November 2022. The previous contract, from November 2021, was AED 98,000; the unit has been rented since November 2019.

How big is unit 301?

1,906 sqft (177.1 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 301 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 301, Oia Residence

Starts from the last sale price (AED 1.65M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,653,643
Deposit, UAE resident (20%)
AED 330,729
Deposit, non-resident (40%)
AED 661,457
Monthly over 25 years at 3.7%
AED 6,766

Plus AED 74,463 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →