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1-bed · 850 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

322, Oia Residence

Sold prices and rental history: sold once, by the developer in January 2018, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 322 · DLD and Ejari recordsUpdated 20 June 2024
Last soldAED 1.08M9 January 2018
Current rentAED 85K /yr20 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 322, Oia Residence

What is 322 worth today?

Last sold for AED 1,080,539 in 2018

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20 Jun 2024RentedNew contract
AED 85,000/yr12 months · AED 100 per sqft
15 May 2023RentedNew contract
AED 80,000/yr12 months · AED 94 per sqft
20 Jul 2020RentedNew contract
AED 50,000/yr12 months · AED 59 per sqft
9 Jan 2018Sold by developerOff-plan
AED 1,080,539AED 1,271 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 June 2024.

Key facts

Type
1-bed apartment
Size
850 sqft
Floor
3rd of 5
Parking
B-275
Developer
Union Properties
Completed
2018
Service charge
AED 12,500 /yr
Last sold
AED 1.08M · January 2018
Building
Oia Residence

About 322, Oia Residence

322 is a one-bedroom apartment of 850 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 9 January 2018 for AED 1,080,539, or AED 1,271 per sqft, 10% above the AED 1,153 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 20 June 2024, is AED 85,000 a year: a gross yield of 7.9% on the 2018 price, before the service charge of about AED 12,500 a year.

Sales and rents for 322 over time

Sales
Unit 322, each saleTypical one-bed in Oia Residence
600K800K1M20172019202120232025Typical sale price by year: 2017 AED 1,038,129; 2018 AED 1,020,000; 2020 AED 860,510; 2021 AED 977,360; 2022 AED 650,000; 2023 AED 950,000; 2024 AED 875,000Sold by developer, January 2018: AED 1,080,539 (AED 1,271 per sqft)

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

Rents
Unit 322, each contractTypical one-bed in Oia Residence
60K80K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 69,000; 2020 AED 55,000; 2021 AED 55,000; 2022 AED 55,500; 2023 AED 65,000; 2024 AED 68,250; 2025 AED 82,500; 2026 AED 85,000New contract, July 2020: AED 50,000 a yearNew contract, May 2023: AED 80,000 a yearNew contract, June 2024: AED 85,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Oia Residence, and where 322 sits

All 43 1-beds →

322 last sold in January 2018 at AED 1,271 per sqft, 10% above what one-beds in Oia Residence were fetching at the time (AED 1,153). Over the last 12 months one-beds sold for AED 1,120,000 to 1,205,000, around AED 1,373 per sqft, and rent for AED 76,000 to 165,000 a year. 322's AED 85,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Feb 20261,205,000
18 Dec 2024818,330
26 Nov 20241,030,000
16 Sep 20241,100,000
2 1-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

322, Oia Residence in numbers

  • Sold once: by Union Properties on 9 January 2018 for AED 1,080,539, or AED 1,271 per sqft.
  • Rented since July 2020 on 3 Ejari contracts, from AED 50,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2018 price is 7.9%, before a service charge of about AED 12,500 a year (AED 14.76 per sqft).
  • One-beds in Oia Residence sold for AED 1,120,000–1,205,000 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 20 June 2024.

Questions about 322, Oia Residence

What did unit 322 last sell for?

AED 1,080,539 on 9 January 2018, sold by the developer: AED 1,271 per sqft for 850 sqft. It is the only registered sale of the unit.

What is the rent for unit 322?

AED 85,000 a year on the contract signed on 20 June 2024. The previous contract, from May 2023, was AED 80,000; the unit has been rented since July 2020.

How big is unit 322?

850 sqft (79.0 sqm): a one-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 322 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oia Residence sold for AED 1,120,000 to 1,205,000 in the last 12 months, around AED 1,373 per sqft.

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Mortgage on 322, Oia Residence

Starts from the last sale price (AED 1.08M, 9 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,080,539
Deposit, UAE resident (20%)
AED 216,108
Deposit, non-resident (40%)
AED 432,216
Monthly over 25 years at 3.7%
AED 4,421

Plus AED 50,393 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →