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2-bed · 1,672 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

417, 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 417 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 1.45M5 August 2021
Current rentAED 110K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 417, Oia Residence

What is 417 worth today?

Last sold for AED 1,450,465 in 2021

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1 Jul 2024RentedRenewal
AED 110,000/yr13 months · AED 66 per sqft
1 Jun 2023RentedNew contract
AED 100,000/yr13 months · AED 60 per sqft
13 Nov 2022RentedRenewal
AED 100,000/yr13 months · AED 60 per sqft
14 Sep 2021RentedRenewal
AED 92,768/yr14 months · AED 55 per sqft
5 Aug 2021Sold by developerReady
AED 1,450,465AED 867 per sqft
14 Aug 2020RentedRenewal
AED 103,600/yr13 months · AED 62 per sqft
14 Jul 2019RentedNew contract
AED 111,360/yr13 months · AED 67 per sqft

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

Key facts

Type
2-bed apartment
Size
1,672 sqft
Floor
4th of 5
Parking
B-300
Developer
Union Properties
Completed
2018
Service charge
AED 24,700 /yr
Last sold
AED 1.45M · August 2021
Building
Oia Residence

About 417, Oia Residence

417 is a two-bedroom apartment of 1,672 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 5 August 2021 for AED 1,450,465, 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 July 2024, is AED 110,000 a year: a gross yield of 7.6% on the 2021 price, before the service charge of about AED 24,700 a year.

Sales and rents for 417 over time

Sales
Unit 417, 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 1,450,465 (AED 867 per sqft)

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

Rents
Unit 417, 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, July 2019: AED 111,360 a yearRenewal, August 2020: AED 103,600 a yearRenewal, September 2021: AED 92,768 a yearRenewal, November 2022: AED 100,000 a yearNew contract, June 2023: AED 100,000 a yearRenewal, July 2024: AED 110,000 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 417 sits

All 125 2-beds →

417 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. 417's AED 110,000 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 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

417, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 1,450,465, or AED 867 per sqft.
  • Rented since July 2019 on 6 Ejari contracts. The rent fell from AED 111,360 to AED 92,768 in 2021 and recovered to AED 110,000 by July 2024.
  • At AED 110,000 a year the gross yield on the 2021 price is 7.6%, before a service charge of about AED 24,700 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 July 2024.

Questions about 417, Oia Residence

What did unit 417 last sell for?

AED 1,450,465 on 5 August 2021, sold by the developer: AED 867 per sqft for 1,672 sqft. It is the only registered sale of the unit.

What is the rent for unit 417?

AED 110,000 a year on the contract renewed on 1 July 2024. The previous contract, from June 2023, was AED 100,000; the unit has been rented since July 2019.

How big is unit 417?

1,672 sqft (155.3 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 417 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 417, Oia Residence

Starts from the last sale price (AED 1.45M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,465
Deposit, UAE resident (20%)
AED 290,093
Deposit, non-resident (40%)
AED 580,186
Monthly over 25 years at 3.7%
AED 5,934

Plus AED 65,930 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →