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2-bed · 1,757 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

323, Oia Residence

Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 323 · DLD and Ejari recordsUpdated 20 February 2024
Last soldAED 1.36M28 November 2022
Current rentAED 127K /yr20 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 323, Oia Residence

What is 323 worth today?

Last sold for AED 1,363,750 in 2022

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20 Feb 2024RentedRenewal
AED 127,000/yr11 months · AED 72 per sqft
28 Nov 2022Sold by developerReady
AED 1,363,750AED 776 per sqft
17 Jan 2022RentedNew contract
AED 91,029/yr14 months · AED 52 per sqft
18 Aug 2019RentedNew contract
AED 118,695/yr13 months · AED 68 per sqft

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

Key facts

Type
2-bed apartment
Size
1,757 sqft
Floor
3rd of 5
Parking
B-276
Developer
Union Properties
Completed
2018
Service charge
AED 25,900 /yr
Last sold
AED 1.36M · November 2022
Building
Oia Residence

About 323, Oia Residence

323 is a two-bedroom apartment of 1,757 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 28 November 2022 for AED 1,363,750, or AED 776 per sqft, in line with the AED 775 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 20 February 2024, is AED 127,000 a year: a gross yield of 9.3% on the 2022 price, before the service charge of about AED 25,900 a year.

Sales and rents for 323 over time

Sales
Unit 323, 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, November 2022: AED 1,363,750 (AED 776 per sqft)

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

Rents
Unit 323, 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, August 2019: AED 118,695 a yearNew contract, January 2022: AED 91,029 a yearRenewal, February 2024: AED 127,000 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 323 sits

All 125 2-beds →

323 last sold in November 2022 at AED 776 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 775). 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. 323's AED 127,000 is in the lower 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. 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

323, Oia Residence in numbers

  • Sold once: by Union Properties on 28 November 2022 for AED 1,363,750, or AED 776 per sqft.
  • Rented since August 2019 on 3 Ejari contracts. The rent fell from AED 118,695 to AED 91,029 in 2022 and recovered to AED 127,000 by February 2024.
  • At AED 127,000 a year the gross yield on the 2022 price is 9.3%, before a service charge of about AED 25,900 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 20 February 2024.

Questions about 323, Oia Residence

What did unit 323 last sell for?

AED 1,363,750 on 28 November 2022, sold by the developer: AED 776 per sqft for 1,757 sqft. It is the only registered sale of the unit.

What is the rent for unit 323?

AED 127,000 a year on the contract renewed on 20 February 2024. The previous contract, from January 2022, was AED 91,029; the unit has been rented since August 2019.

How big is unit 323?

1,757 sqft (163.2 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 323 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 323, Oia Residence

Starts from the last sale price (AED 1.36M, 28 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,363,750
Deposit, UAE resident (20%)
AED 272,750
Deposit, non-resident (40%)
AED 545,500
Monthly over 25 years at 3.7%
AED 5,580

Plus AED 62,288 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →