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2-bed · 1,681 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

405, Oia Residence

Sold prices and rental history: sold once, by the developer in May 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 20 May 2025
Last soldAED 1.25M24 May 2022
Current rentAED 160K /yr20 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Oia Residence

What is 405 worth today?

Last sold for AED 1,250,000 in 2022

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20 May 2025RentedNew contract
AED 160,000/yr12 months · AED 95 per sqft
17 Mar 2025RentedRenewal
AED 135,000/yr2 months · AED 80 per sqft
17 Mar 2023RentedNew contract
AED 125,000/yr12 months · AED 74 per sqft
24 May 2022Sold by developerReady
AED 1,250,000AED 743 per sqft
10 Jan 2022RentedNew contract
AED 90,257/yr14 months · AED 54 per sqft
1 Dec 2019RentedRenewal
AED 113,300/yr12 months · AED 67 per sqft
1 Nov 2018RentedNew contract
AED 118,001/yr13 months · AED 70 per sqft
1 Nov 2018RentedNew contract
AED 108,923/yr13 months · AED 65 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 May 2025.

Key facts

Type
2-bed apartment
Size
1,681 sqft
Floor
4th of 5
Parking
B-316
Developer
Union Properties
Completed
2018
Service charge
AED 24,800 /yr
Last sold
AED 1.25M · May 2022
Building
Oia Residence

About 405, Oia Residence

405 is a two-bedroom apartment of 1,681 sqft on the 4th floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. The developer sold it on 24 May 2022 for AED 1,250,000, or AED 743 per sqft, 14% below the AED 867 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 20 May 2025, is AED 160,000 a year: a gross yield of 12.8% on the 2022 price, before the service charge of about AED 24,800 a year.

Sales and rents for 405 over time

Sales
Unit 405, 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, May 2022: AED 1,250,000 (AED 743 per sqft)

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

Rents
Unit 405, each contractTypical two-bed in Oia Residence
100K150K20182020202220242026Typical 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, November 2018: AED 118,001 a yearNew contract, November 2018: AED 108,923 a yearRenewal, December 2019: AED 113,300 a yearNew contract, January 2022: AED 90,257 a yearNew contract, March 2023: AED 125,000 a yearRenewal, March 2025: AED 135,000 a yearNew contract, May 2025: AED 160,000 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 405 sits

All 125 2-beds →

405 last sold in May 2022 at AED 743 per sqft, 14% below 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. 405's AED 160,000 is at the top 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 4th floor

All 269 units in Oia Residence
Value
4013-bedAED 825K · Oct 2022
4023-bedAED 1.6M · Dec 2022
4032-bedAED 1.62M · Jun 2020
4043-bedAED 1.52M · Mar 2022
4062-bedAED 1.13M · Sep 2021
4071-bedAED 1.03M · May 2017
4081-bedAED 1.02M · Jan 2018
1–7 of 47

405, Oia Residence in numbers

  • Sold once: by Union Properties on 24 May 2022 for AED 1,250,000, or AED 743 per sqft.
  • Rented since November 2018 on 7 Ejari contracts. The rent fell from AED 108,923 to AED 90,257 in 2022 and recovered to AED 160,000 by May 2025.
  • At AED 160,000 a year the gross yield on the 2022 price is 12.8%, before a service charge of about AED 24,800 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 May 2025.

Questions about 405, Oia Residence

What did unit 405 last sell for?

AED 1,250,000 on 24 May 2022, sold by the developer: AED 743 per sqft for 1,681 sqft. It is the only registered sale of the unit.

What is the rent for unit 405?

AED 160,000 a year on the contract signed on 20 May 2025. The previous contract, from March 2025, was AED 135,000; the unit has been rented since November 2018.

How big is unit 405?

1,681 sqft (156.2 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 405 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 405, Oia Residence

Starts from the last sale price (AED 1.25M, 24 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

Plus AED 57,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →