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2-bed · 1,404 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

303, Oia Residence

Sold prices and rental history: sold twice, last in September 2024, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.5M11 September 2024
Current rentAED 130K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, Oia Residence

What is 303 worth today?

Last sold for AED 1,500,000 in 2024

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1 Nov 2024RentedNew contract
AED 129,820/yr24 months · AED 93 per sqft
11 Sep 2024SoldReady
AED 1,500,000AED 1,068 per sqft
25 Dec 2017Sold by developerOff-plan
AED 1,500,000AED 1,068 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2024.

Key facts

Type
2-bed apartment
Size
1,404 sqft
Floor
3rd of 5
Parking
B-119
Developer
Union Properties
Completed
2018
Service charge
AED 20,700 /yr
Last sold
AED 1.5M · September 2024
Building
Oia Residence

About 303, Oia Residence

303 is a two-bedroom apartment of 1,404 sqft on the 3rd floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. It last sold on 11 September 2024 for AED 1,500,000, or AED 1,068 per sqft, 4% above the AED 1,031 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2024. The current contract, signed on 1 November 2024, is AED 129,820 a year: a gross yield of 8.6% on the 2024 price, before the service charge of about AED 20,700 a year.

Sales and rents for 303 over time

Sales
Unit 303, 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, December 2017: AED 1,500,000 (AED 1,068 per sqft)Sold, September 2024: AED 1,500,000 (AED 1,068 per sqft)

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

Rents
Unit 303, 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 2024: AED 129,820 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 303 sits

All 125 2-beds →

303 last sold in September 2024 at AED 1,068 per sqft, 4% above what two-beds in Oia Residence were fetching at the time (AED 1,031). 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. 303's AED 129,820 is in the upper half 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 3rd floor

All 269 units in Oia Residence
Value
3012-bedAED 1.65M · Aug 2021
3022-bedAED 1.1M · Nov 2022
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

303, Oia Residence in numbers

  • Sold twice: first on 25 December 2017 for AED 1,500,000, last on 11 September 2024 for AED 1,500,000 (AED 1,068 per sqft).
  • Rented since November 2024 on one Ejari contract, at AED 129,820 a year.
  • At AED 129,820 a year the gross yield on the 2024 price is 8.6%, before a service charge of about AED 20,700 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 1 November 2024.

Questions about 303, Oia Residence

What did unit 303 last sell for?

AED 1,500,000 on 11 September 2024: AED 1,068 per sqft for 1,404 sqft. The unit has 2 registered sales; the first was AED 1,500,000 in December 2017.

What is the rent for unit 303?

AED 129,820 a year on the contract signed on 1 November 2024.

How big is unit 303?

1,404 sqft (130.4 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 303 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 303, Oia Residence

Starts from the last sale price (AED 1.5M, 11 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

Plus AED 68,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →