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2-bed · 1,399 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

307, Oia Residence

Sold prices and rental history: sold twice, last in June 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 9 June 2023
Last soldAED 1.3M9 June 2023
Current rentAED 88K /yr25 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, Oia Residence

What is 307 worth today?

Last sold for AED 1,299,000 in 2023

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9 Jun 2023SoldReady
AED 1,299,000AED 928 per sqft
25 Feb 2023RentedRenewal
AED 88,200/yr12 months · AED 63 per sqft
25 Feb 2022RentedRenewal
AED 82,000/yr12 months · AED 59 per sqft
25 Jan 2021RentedNew contract
AED 80,000/yr13 months · AED 57 per sqft
3 Apr 2017Sold by developerOff-plan
AED 1,594,084AED 1,139 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 June 2023.

Key facts

Type
2-bed apartment
Size
1,399 sqft
Floor
3rd of 5
Parking
B-356
Developer
Union Properties
Completed
2018
Service charge
AED 20,600 /yr
Last sold
AED 1.3M · June 2023
Building
Oia Residence

About 307, Oia Residence

307 is a two-bedroom apartment of 1,399 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 9 June 2023 for AED 1,299,000, or AED 928 per sqft, 21% above the AED 769 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 25 February 2023, is AED 88,200 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 20,600 a year.

Sales and rents for 307 over time

Sales
Unit 307, 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, April 2017: AED 1,594,084 (AED 1,139 per sqft)Sold, June 2023: AED 1,299,000 (AED 928 per sqft)

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

Rents
Unit 307, each contractTypical two-bed in Oia Residence
75K100K125K20182020202220242026Typical 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, January 2021: AED 80,000 a yearRenewal, February 2022: AED 82,000 a yearRenewal, February 2023: AED 88,200 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 307 sits

All 125 2-beds →

307 last sold in June 2023 at AED 928 per sqft, 21% above what two-beds in Oia Residence were fetching at the time (AED 769). 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. 307's AED 88,200 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 3rd floor

All 269 units in Oia Residence
Value
3012-bedAED 1.65M · Aug 2021
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
3082-bedAED 1.1M · Nov 2022
1–7 of 53

307, Oia Residence in numbers

  • Sold twice: first on 3 April 2017 for AED 1,594,084, last on 9 June 2023 for AED 1,299,000 (AED 928 per sqft).
  • Rented since January 2021 on 3 Ejari contracts, from AED 80,000 to AED 88,200 a year.
  • At AED 88,200 a year the gross yield on the 2023 price is 6.8%, before a service charge of about AED 20,600 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 9 June 2023.

Questions about 307, Oia Residence

What did unit 307 last sell for?

AED 1,299,000 on 9 June 2023: AED 928 per sqft for 1,399 sqft. The unit has 2 registered sales; the first was AED 1,594,084 in April 2017.

What is the rent for unit 307?

AED 88,200 a year on the contract renewed on 25 February 2023. The previous contract, from February 2022, was AED 82,000; the unit has been rented since January 2021.

How big is unit 307?

1,399 sqft (130.0 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 307 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 307, Oia Residence

Starts from the last sale price (AED 1.3M, 9 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,299,000
Deposit, UAE resident (20%)
AED 259,800
Deposit, non-resident (40%)
AED 519,600
Monthly over 25 years at 3.7%
AED 5,315

Plus AED 59,568 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →