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2-bed · 1,913 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

317, Oia Residence

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

Unit 317 · DLD and Ejari recordsUpdated 1 February 2023
Last soldAED 1.66M5 August 2021
Current rentAED 95K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 317, Oia Residence

What is 317 worth today?

Last sold for AED 1,659,429 in 2021

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1 Feb 2023RentedRenewal
AED 95,000/yr13 months · AED 50 per sqft
1 Jan 2022RentedNew contract
AED 87,692/yr13 months · AED 46 per sqft
5 Aug 2021Sold by developerReady
AED 1,659,429AED 867 per sqft
1 May 2021RentedRenewal
AED 105,415/yr13 months · AED 55 per sqft
1 May 2020RentedNew contract
AED 114,200/yr12 months · AED 60 per sqft
15 Jul 2019RentedNew contract
AED 119,000/yr13 months · AED 62 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2023.

Key facts

Type
2-bed apartment
Size
1,913 sqft
Floor
3rd of 5
Parking
B-346
Developer
Union Properties
Completed
2018
Service charge
AED 28,200 /yr
Last sold
AED 1.66M · August 2021
Building
Oia Residence

About 317, Oia Residence

317 is a two-bedroom apartment of 1,913 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 1,659,429, 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 continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 95,000 a year: a gross yield of 5.7% on the 2021 price, before the service charge of about AED 28,200 a year.

Sales and rents for 317 over time

Sales
Unit 317, 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 1,659,429 (AED 867 per sqft)

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

Rents
Unit 317, 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, July 2019: AED 119,000 a yearNew contract, May 2020: AED 114,200 a yearRenewal, May 2021: AED 105,415 a yearNew contract, January 2022: AED 87,692 a yearRenewal, February 2023: AED 95,000 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 317 sits

All 125 2-beds →

317 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. 317's AED 95,000 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
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
3072-bedAED 1.3M · Jun 2023
1–7 of 53

317, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 1,659,429, or AED 867 per sqft.
  • Rented since July 2019 on 5 Ejari contracts, from AED 119,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2021 price is 5.7%, before a service charge of about AED 28,200 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 February 2023.

Questions about 317, Oia Residence

What did unit 317 last sell for?

AED 1,659,429 on 5 August 2021, sold by the developer: AED 867 per sqft for 1,913 sqft. It is the only registered sale of the unit.

What is the rent for unit 317?

AED 95,000 a year on the contract renewed on 1 February 2023. The previous contract, from January 2022, was AED 87,692; the unit has been rented since July 2019.

How big is unit 317?

1,913 sqft (177.7 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 317 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 317, Oia Residence

Starts from the last sale price (AED 1.66M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,659,429
Deposit, UAE resident (20%)
AED 331,886
Deposit, non-resident (40%)
AED 663,772
Monthly over 25 years at 3.7%
AED 6,789

Plus AED 74,706 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →