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2-bed · 1,675 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

320, 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 320 · DLD and Ejari recordsUpdated 2 December 2022
Last soldAED 1.45M5 August 2021
Current rentAED 100K /yr2 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 320, Oia Residence

What is 320 worth today?

Last sold for AED 1,453,172 in 2021

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2 Dec 2022RentedRenewal
AED 100,000/yr13 months · AED 60 per sqft
2 Nov 2021RentedRenewal
AED 92,308/yr13 months · AED 55 per sqft
5 Aug 2021Sold by developerReady
AED 1,453,172AED 867 per sqft
5 Oct 2020RentedNew contract
AED 106,090/yr13 months · AED 63 per sqft
5 Sep 2019RentedNew contract
AED 111,000/yr13 months · AED 66 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 December 2022.

Key facts

Type
2-bed apartment
Size
1,675 sqft
Floor
3rd of 5
Parking
B-273
Developer
Union Properties
Completed
2018
Service charge
AED 24,700 /yr
Last sold
AED 1.45M · August 2021
Building
Oia Residence

About 320, Oia Residence

320 is a two-bedroom apartment of 1,675 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 1,453,172, 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 4 Ejari contracts. The current contract, renewed on 2 December 2022, is AED 100,000 a year: a gross yield of 6.9% on the 2021 price, before the service charge of about AED 24,700 a year.

Sales and rents for 320 over time

Sales
Unit 320, 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 1,453,172 (AED 867 per sqft)

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

Rents
Unit 320, 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, September 2019: AED 111,000 a yearNew contract, October 2020: AED 106,090 a yearRenewal, November 2021: AED 92,308 a yearRenewal, December 2022: AED 100,000 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 320 sits

All 125 2-beds →

320 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. 320's AED 100,000 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. 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
3072-bedAED 1.3M · Jun 2023
1–7 of 53

320, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 1,453,172, or AED 867 per sqft.
  • Rented since September 2019 on 4 Ejari contracts, from AED 111,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 6.9%, before a service charge of about AED 24,700 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 2 December 2022.

Questions about 320, Oia Residence

What did unit 320 last sell for?

AED 1,453,172 on 5 August 2021, sold by the developer: AED 867 per sqft for 1,675 sqft. It is the only registered sale of the unit.

What is the rent for unit 320?

AED 100,000 a year on the contract renewed on 2 December 2022. The previous contract, from November 2021, was AED 92,308; the unit has been rented since September 2019.

How big is unit 320?

1,675 sqft (155.6 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 320 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 320, Oia Residence

Starts from the last sale price (AED 1.45M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,453,172
Deposit, UAE resident (20%)
AED 290,634
Deposit, non-resident (40%)
AED 581,269
Monthly over 25 years at 3.7%
AED 5,945

Plus AED 66,043 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →