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1-bed · 857 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

408, Oia Residence

Sold prices and rental history: sold once, by the developer in January 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 25 January 2026
Last soldAED 1.02M11 January 2018
Current rentAED 76K /yr25 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Oia Residence

What is 408 worth today?

Last sold for AED 1,020,000 in 2018

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25 Jan 2026RentedRenewal
AED 76,000/yr12 months · AED 88 per sqft
25 Jan 2025RentedNew contract
AED 76,000/yr12 months · AED 88 per sqft
19 Feb 2024RentedNew contract
AED 75,000/yr12 months · AED 87 per sqft
20 Feb 2019RentedNew contract
AED 70,000/yr12 months · AED 81 per sqft
11 Jan 2018Sold by developerOff-plan
AED 1,020,000AED 1,189 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 January 2026.

Key facts

Type
1-bed apartment
Size
857 sqft
Floor
4th of 5
Parking
B-361
Developer
Union Properties
Completed
2018
Service charge
AED 12,700 /yr
Last sold
AED 1.02M · January 2018
Building
Oia Residence

About 408, Oia Residence

408 is a one-bedroom apartment of 857 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 11 January 2018 for AED 1,020,000, or AED 1,189 per sqft, 3% above the AED 1,153 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 25 January 2026, is AED 76,000 a year: a gross yield of 7.4% on the 2018 price, before the service charge of about AED 12,700 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical one-bed in Oia Residence
600K800K1M20172019202120232025Typical sale price by year: 2017 AED 1,038,129; 2018 AED 1,020,000; 2020 AED 860,510; 2021 AED 977,360; 2022 AED 650,000; 2023 AED 950,000; 2024 AED 875,000Sold by developer, January 2018: AED 1,020,000 (AED 1,189 per sqft)

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

Rents
Unit 408, each contractTypical one-bed in Oia Residence
60K80K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 69,000; 2020 AED 55,000; 2021 AED 55,000; 2022 AED 55,500; 2023 AED 65,000; 2024 AED 68,250; 2025 AED 82,500; 2026 AED 85,000New contract, February 2019: AED 70,000 a yearNew contract, February 2024: AED 75,000 a yearNew contract, January 2025: AED 76,000 a yearRenewal, January 2026: AED 76,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Oia Residence, and where 408 sits

All 43 1-beds →

408 last sold in January 2018 at AED 1,189 per sqft, 3% above what one-beds in Oia Residence were fetching at the time (AED 1,153). Over the last 12 months one-beds sold for AED 1,205,000, around AED 1,379 per sqft, and rent for AED 76,000 to 165,000 a year. 408's AED 76,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Feb 20261,205,000
18 Dec 2024818,330
26 Nov 20241,030,000
16 Sep 20241,100,000
1 1-bed sale 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 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
4052-bedAED 1.25M · May 2022
4062-bedAED 1.13M · Sep 2021
4071-bedAED 1.03M · May 2017
1–7 of 47

408, Oia Residence in numbers

  • Sold once: by Union Properties on 11 January 2018 for AED 1,020,000, or AED 1,189 per sqft.
  • Rented since February 2019 on 4 Ejari contracts, from AED 70,000 to AED 76,000 a year.
  • At AED 76,000 a year the gross yield on the 2018 price is 7.4%, before a service charge of about AED 12,700 a year (AED 14.76 per sqft).
  • One-beds in Oia Residence sold for AED 1,205,000–1,205,000 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 25 January 2026.

Questions about 408, Oia Residence

What did unit 408 last sell for?

AED 1,020,000 on 11 January 2018, sold by the developer: AED 1,189 per sqft for 857 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 76,000 a year on the contract renewed on 25 January 2026. The previous contract, from January 2025, was AED 76,000; the unit has been rented since February 2019.

How big is unit 408?

857 sqft (79.6 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oia Residence sold for AED 1,205,000 to 1,205,000 in the last 12 months, around AED 1,379 per sqft.

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Mortgage on 408, Oia Residence

Starts from the last sale price (AED 1.02M, 11 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,020,000
Deposit, UAE resident (20%)
AED 204,000
Deposit, non-resident (40%)
AED 408,000
Monthly over 25 years at 3.7%
AED 4,173

Plus AED 47,850 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →