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2-bed · 1,830 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

339, Oia Residence

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

Unit 339 · DLD and Ejari recordsUpdated 3 August 2024
Last soldAED 1.32M22 December 2022
Current rentAED 120K /yr3 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 339, Oia Residence

What is 339 worth today?

Last sold for AED 1,320,000 in 2022

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3 Aug 2024RentedNew contract
AED 120,000/yr12 months · AED 66 per sqft
3 Aug 2023RentedNew contract
AED 120,000/yr12 months · AED 66 per sqft
26 Feb 2023RentedNew contract
AED 110,000/yr12 months · AED 60 per sqft
22 Dec 2022Sold by developerReady
AED 1,320,000AED 721 per sqft
26 Dec 2021RentedNew contract
AED 83,229/yr14 months · AED 45 per sqft
1 Apr 2020RentedRenewal
AED 105,600/yr12 months · AED 58 per sqft
1 Mar 2019RentedNew contract
AED 110,000/yr13 months · AED 60 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 August 2024.

Key facts

Type
2-bed apartment
Size
1,830 sqft
Floor
3rd of 5
Parking
B-184
Developer
Union Properties
Completed
2018
Service charge
AED 27,000 /yr
Last sold
AED 1.32M · December 2022
Building
Oia Residence

About 339, Oia Residence

339 is a two-bedroom apartment of 1,830 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 22 December 2022 for AED 1,320,000, or AED 721 per sqft, 7% below the AED 775 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 3 August 2024, is AED 120,000 a year: a gross yield of 9.1% on the 2022 price, before the service charge of about AED 27,000 a year.

Sales and rents for 339 over time

Sales
Unit 339, 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, December 2022: AED 1,320,000 (AED 721 per sqft)

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

Rents
Unit 339, each contractTypical two-bed in Oia Residence
100K125K20182020202220242026Typical 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, March 2019: AED 110,000 a yearRenewal, April 2020: AED 105,600 a yearNew contract, December 2021: AED 83,229 a yearNew contract, February 2023: AED 110,000 a yearNew contract, August 2023: AED 120,000 a yearNew contract, August 2024: AED 120,000 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 339 sits

All 125 2-beds →

339 last sold in December 2022 at AED 721 per sqft, 7% below 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. 339's AED 120,000 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

339, Oia Residence in numbers

  • Sold once: by Union Properties on 22 December 2022 for AED 1,320,000, or AED 721 per sqft.
  • Rented since March 2019 on 6 Ejari contracts. The rent fell from AED 110,000 to AED 83,229 in 2021 and recovered to AED 120,000 by August 2024.
  • At AED 120,000 a year the gross yield on the 2022 price is 9.1%, before a service charge of about AED 27,000 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 3 August 2024.

Questions about 339, Oia Residence

What did unit 339 last sell for?

AED 1,320,000 on 22 December 2022, sold by the developer: AED 721 per sqft for 1,830 sqft. It is the only registered sale of the unit.

What is the rent for unit 339?

AED 120,000 a year on the contract signed on 3 August 2024. The previous contract, from August 2023, was AED 120,000; the unit has been rented since March 2019.

How big is unit 339?

1,830 sqft (170.0 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 339 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 339, Oia Residence

Starts from the last sale price (AED 1.32M, 22 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,320,000
Deposit, UAE resident (20%)
AED 264,000
Deposit, non-resident (40%)
AED 528,000
Monthly over 25 years at 3.7%
AED 5,401

Plus AED 60,450 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →