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2-bed · 1,416 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

346, 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 346 · DLD and Ejari recordsUpdated 1 February 2023
Last soldAED 1.23M5 August 2021
Current rentAED 95K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 346, Oia Residence

What is 346 worth today?

Last sold for AED 1,228,229 in 2021

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1 Feb 2023RentedNew contract
AED 95,000/yr13 months · AED 67 per sqft
5 Aug 2021Sold by developerReady
AED 1,228,229AED 867 per sqft
11 Apr 2021RentedRenewal
AED 93,046/yr13 months · AED 66 per sqft
11 Apr 2020RentedRenewal
AED 100,800/yr12 months · AED 71 per sqft
11 Mar 2019RentedNew contract
AED 105,000/yr13 months · AED 74 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2023.

Key facts

Type
2-bed apartment
Size
1,416 sqft
Floor
3rd of 5
Parking
B-7
Developer
Union Properties
Completed
2018
Service charge
AED 20,900 /yr
Last sold
AED 1.23M · August 2021
Building
Oia Residence

About 346, Oia Residence

346 is a two-bedroom apartment of 1,416 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 1,228,229, 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, signed on 1 February 2023, is AED 95,000 a year: a gross yield of 7.7% on the 2021 price, before the service charge of about AED 20,900 a year.

Sales and rents for 346 over time

Sales
Unit 346, 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 1,228,229 (AED 867 per sqft)

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

Rents
Unit 346, 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, March 2019: AED 105,000 a yearRenewal, April 2020: AED 100,800 a yearRenewal, April 2021: AED 93,046 a yearNew contract, February 2023: AED 95,000 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 346 sits

All 125 2-beds →

346 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. 346's AED 95,000 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

346, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 1,228,229, or AED 867 per sqft.
  • Rented since March 2019 on 4 Ejari contracts, from AED 105,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2021 price is 7.7%, before a service charge of about AED 20,900 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 1 February 2023.

Questions about 346, Oia Residence

What did unit 346 last sell for?

AED 1,228,229 on 5 August 2021, sold by the developer: AED 867 per sqft for 1,416 sqft. It is the only registered sale of the unit.

What is the rent for unit 346?

AED 95,000 a year on the contract signed on 1 February 2023. The previous contract, from April 2021, was AED 93,046; the unit has been rented since March 2019.

How big is unit 346?

1,416 sqft (131.6 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 346 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 346, Oia Residence

Starts from the last sale price (AED 1.23M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,228,229
Deposit, UAE resident (20%)
AED 245,646
Deposit, non-resident (40%)
AED 491,292
Monthly over 25 years at 3.7%
AED 5,025

Plus AED 56,595 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →