2-bed · 1,696 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

338, 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 338 · DLD and Ejari recordsUpdated 1 May 2024

Last soldAED 1.47M5 August 2021

Current rentAED 100K /yr1 May 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 338, Oia Residence

Today

What is 338 worth today?

Last sold for AED 1,471,093 in 2021

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1 May 2024

1 May 2024RentedRenewal

AED 100,000/yr13 months · AED 59 per sqft

31 Mar 2023

31 Mar 2023RentedNew contract

AED 97,000/yr13 months · AED 57 per sqft

5 Aug 2021

5 Aug 2021Sold by developerReady

AED 1,471,093AED 867 per sqft

1 Feb 2021

1 Feb 2021RentedRenewal

AED 106,154/yr13 months · AED 63 per sqft

1 Feb 2020

1 Feb 2020RentedRenewal

AED 115,000/yr12 months · AED 68 per sqft

1 Jan 2019

1 Jan 2019RentedNew contract

AED 106,154/yr13 months · AED 63 per sqft

1 Jan 2019

1 Jan 2019RentedNew contract

AED 115,001/yr13 months · AED 68 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2024.

Key facts

Type: 2-bed apartment
Size: 1,696 sqft
Floor: 3rd of 5
Parking: B-183
Developer: Union Properties
Completed: 2018
Service charge: AED 25,000 /yr
Last sold: AED 1.47M · August 2021
Building: Oia Residence

About 338, Oia Residence

338 is a two-bedroom apartment of 1,696 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 1,471,093, 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 6 Ejari contracts. The current contract, renewed on 1 May 2024, is AED 100,000 a year: a gross yield of 6.8% on the 2021 price, before the service charge of about AED 25,000 a year.

Sales and rents for 338 over time

Sales

Unit 338, each saleTypical two-bed in Oia Residence

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

Rents

Unit 338, each contractTypical two-bed in Oia Residence

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 338 sits

All 125 2-beds →

2-beds in Oia Residence · last 12 months1,234 /sqft Oia Residence · all types1,050 /sqft

338 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. 338's AED 100,000 is at the bottom of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
13 Feb 202613 February 2026	1,687 sqft	2,150,000	1,274
6 Feb 20266 February 2026	1,417 sqft	1,488,000	1,050
9 Dec 20259 December 2025	1,413 sqft	2,100,000	1,485
17 Jul 202517 July 2025	1,777 sqft	1,850,000	1,041

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


301	2-bed	1,906 sqft	AED 1.65MAED 1,653,643 · Aug 2021August 2021	98,000 /yr
302	2-bed	1,400 sqft	AED 1.1MAED 1,100,000 · Nov 2022November 2022	110,000 /yr
303	2-bed	1,404 sqft	AED 1.5MAED 1,500,000 · Sep 2024September 2024	129,820 /yr
304	2-bed	1,430 sqft	AED 1.24MAED 1,240,842 · Aug 2021August 2021	94,000 /yr
305	2-bed	1,680 sqft	AED 1.51MAED 1,505,553 · Nov 2021November 2021	105,593 /yr
306	2-bed	1,413 sqft	AED 587KAED 586,720 · Nov 2020November 2020
307	2-bed	1,399 sqft	AED 1.3MAED 1,299,000 · Jun 2023June 2023	88,200 /yr
308	2-bed	1,416 sqft	AED 1.1MAED 1,100,000 · Nov 2022November 2022	120,000 /yr
309	1-bed	924 sqft	AED 650KAED 650,000 · Mar 2022March 2022	68,250 /yr
310		851 sqft	AED 1MAED 1,000,000 · Aug 2025August 2025	80,000 /yr
311	1-bed	1,070 sqft	AED 1.03MAED 1,030,000 · Nov 2024November 2024	57,250 /yr
312	1-bed	858 sqft	AED 1.06MAED 1,055,762 · May 2017May 2017	55,000 /yr
313	1-bed	868 sqft	AED 950KAED 950,000 · Nov 2023November 2023	165,000 /yr
314	2-bed	1,689 sqft	AED 1.47MAED 1,474,916 · May 2022May 2022	155,000 /yr
315	1-bed	864 sqft	AED 860KAED 860,000 · Jun 2024June 2024	66,000 /yr
316	1-bed	845 sqft	AED 818KAED 818,330 · Dec 2024December 2024
317	2-bed	1,913 sqft	AED 1.66MAED 1,659,429 · Aug 2021August 2021	95,000 /yr
318	2-bed	1,913 sqft	AED 1.58MAED 1,578,118 · Jan 2024January 2024	86,229 /yr
319	2-bed	1,697 sqft	AED 1.47MAED 1,471,657 · Aug 2021August 2021	100,000 /yr
320	2-bed	1,675 sqft	AED 1.45MAED 1,453,172 · Aug 2021August 2021	100,000 /yr
321	2-bed	1,486 sqft	AED 1.23MAED 1,225,000 · Nov 2022November 2022	90,000 /yr
322	1-bed	850 sqft	AED 1.08MAED 1,080,539 · Jan 2018January 2018	85,000 /yr
323	2-bed	1,757 sqft	AED 1.36MAED 1,363,750 · Nov 2022November 2022	127,000 /yr
324	2-bed	1,645 sqft	AED 1.77MAED 1,772,871 · Apr 2017April 2017	135,000 /yr
325	2-bed	1,396 sqft	AED 1.2MAED 1,200,000 · May 2021May 2021	130,000 /yr
326	1-bed	850 sqft	AED 1.1MAED 1,100,000 · Sep 2024September 2024	60,197 /yr
327	2-bed	1,386 sqft	AED 1.6MAED 1,597,761 · Apr 2017April 2017	135,000 /yr
328	1-bed	952 sqft	AED 1.15MAED 1,154,816 · May 2017May 2017	85,000 /yr
329	1-bed	930 sqft	AED 650KAED 650,000 · Mar 2022March 2022	80,000 /yr
330	2-bed	1,365 sqft	AED 1.5MAED 1,500,925 · May 2017May 2017	140,000 /yr
331	1-bed	850 sqft	AED 650KAED 650,000 · Mar 2022March 2022	65,000 /yr
332	2-bed	1,400 sqft	AED 1.3MAED 1,300,000 · May 2021May 2021	105,000 /yr
333	2-bed	1,685 sqft	AED 1.82MAED 1,821,992 · Apr 2017April 2017	145,000 /yr
334		1,780 sqft	AED 2.25MAED 2,250,000 · Oct 2025October 2025	108,000 /yr
335	1-bed	847 sqft	AED 1.08MAED 1,077,571 · Apr 2017April 2017	80,000 /yr
336	2-bed	1,486 sqft	AED 1.25MAED 1,250,000 · Oct 2022October 2022
337	2-bed	1,675 sqft	AED 1.28MAED 1,275,000 · Jul 2022July 2022	155,000 /yr
339	2-bed	1,830 sqft	AED 1.32MAED 1,320,000 · Dec 2022December 2022	120,000 /yr
340	2-bed	1,400 sqft	AED 1.1MAED 1,100,000 · Nov 2022November 2022	120,000 /yr
341	2-bed	1,407 sqft	AED 1.8MAED 1,800,000 · Oct 2024October 2024	133,300 /yr
342	2-bed	1,430 sqft	AED 1.11MAED 1,108,800 · Dec 2022December 2022	103,070 /yr
343	2-bed	1,681 sqft	AED 1.61MAED 1,608,840 · May 2020May 2020	80,000 /yr
344	2-bed	1,413 sqft	AED 2.1MAED 2,100,000 · Dec 2025December 2025	100,000 /yr
345	2-bed	1,403 sqft	AED 1.8MAED 1,800,000 · Apr 2025April 2025	95,000 /yr
346	2-bed	1,416 sqft	AED 1.23MAED 1,228,229 · Aug 2021August 2021	95,000 /yr
347	1-bed	924 sqft	AED 650KAED 650,000 · Mar 2022March 2022	85,000 /yr
348	1-bed	846 sqft	AED 650KAED 650,000 · Mar 2022March 2022	64,275 /yr
349	2-bed	1,700 sqft	AED 1.27MAED 1,274,000 · Nov 2022November 2022	138,000 /yr
350	2-bed	1,474 sqft	AED 1.82MAED 1,820,000 · Dec 2024December 2024	110,250 /yr
351	2-bed	1,691 sqft	AED 1.3MAED 1,300,000 · Dec 2022December 2022	140,000 /yr
352	2-bed	1,408 sqft	AED 1.13MAED 1,125,000 · Aug 2022August 2022
353	2-bed	1,904 sqft	AED 1.44MAED 1,442,000 · Dec 2022December 2022	110,000 /yr
354	2-bed	1,904 sqft	AED 1.46MAED 1,461,537 · Oct 2020October 2020

1–7 of 53

338, Oia Residence in numbers

Sold once: by Union Properties on 5 August 2021 for AED 1,471,093, or AED 867 per sqft.
Rented since January 2019 on 6 Ejari contracts, from AED 115,001 to AED 100,000 a year.
At AED 100,000 a year the gross yield on the 2021 price is 6.8%, before a service charge of about AED 25,000 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 May 2024.

Questions about 338, Oia Residence

What did unit 338 last sell for?

AED 1,471,093 on 5 August 2021, sold by the developer: AED 867 per sqft for 1,696 sqft. It is the only registered sale of the unit.

What is the rent for unit 338?

AED 100,000 a year on the contract renewed on 1 May 2024. The previous contract, from March 2023, was AED 97,000; the unit has been rented since January 2019.

How big is unit 338?

1,696 sqft (157.6 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 338 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 338, Oia Residence

Starts from the last sale price (AED 1.47M, 5 August 2021). Switch to today's estimate once you have unlocked it.

Price: AED 1,471,093
Deposit, UAE resident (20%): AED 294,219
Deposit, non-resident (40%): AED 588,437
Monthly over 25 years at 3.7%: AED 6,019

Plus AED 66,796 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →