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2-bed · 1,852 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

421, Oia Residence

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 421 · DLD and Ejari recordsUpdated 30 October 2024
Last soldAED 2.04M30 October 2024
Current rentAED 100K /yr25 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 421, Oia Residence

What is 421 worth today?

Last sold for AED 2,037,717 in 2024

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30 Oct 2024SoldReady
AED 2,037,717AED 1,099 per sqft
25 May 2022RentedRenewal
AED 100,000/yr13 months · AED 54 per sqft
5 Aug 2021Sold by developerReady
AED 1,606,956AED 867 per sqft
25 May 2021RentedRenewal
AED 104,200/yr12 months · AED 56 per sqft
25 May 2020RentedNew contract
AED 115,500/yr12 months · AED 62 per sqft
24 Apr 2019RentedNew contract
AED 136,500/yr11 months · AED 74 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 30 October 2024.

Key facts

Type
2-bed apartment
Size
1,852 sqft
Floor
4th of 5
Parking
B-148
Developer
Union Properties
Completed
2018
Service charge
AED 27,300 /yr
Last sold
AED 2.04M · October 2024
Building
Oia Residence

About 421, Oia Residence

421 is a two-bedroom apartment of 1,852 sqft on the 4th floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. It last sold on 30 October 2024 for AED 2,037,717, or AED 1,099 per sqft, 4% above the AED 1,057 two-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 May 2022, is AED 100,000 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 27,300 a year.

Sales and rents for 421 over time

Sales
Unit 421, each saleTypical two-bed in Oia Residence
1.5M2M2017202020232026Typical 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 1,606,956 (AED 867 per sqft)Sold, October 2024: AED 2,037,717 (AED 1,099 per sqft)

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

Rents
Unit 421, 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, April 2019: AED 136,500 a yearNew contract, May 2020: AED 115,500 a yearRenewal, May 2021: AED 104,200 a yearRenewal, May 2022: AED 100,000 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 421 sits

All 125 2-beds →

421 last sold in October 2024 at AED 1,099 per sqft, 4% above what two-beds in Oia Residence were fetching at the time (AED 1,057). 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. 421's AED 100,000 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

421, Oia Residence in numbers

  • Sold twice: first on 5 August 2021 for AED 1,606,956, last on 30 October 2024 for AED 2,037,717 (AED 1,099 per sqft).
  • Rented since April 2019 on 4 Ejari contracts, from AED 136,500 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 27,300 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 30 October 2024.

Questions about 421, Oia Residence

What did unit 421 last sell for?

AED 2,037,717 on 30 October 2024: AED 1,099 per sqft for 1,852 sqft. The unit has 2 registered sales; the first was AED 1,606,956 in August 2021.

What is the rent for unit 421?

AED 100,000 a year on the contract renewed on 25 May 2022. The previous contract, from May 2021, was AED 104,200; the unit has been rented since April 2019.

How big is unit 421?

1,852 sqft (172.1 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 421 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 421, Oia Residence

Starts from the last sale price (AED 2.04M, 30 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,037,717
Deposit, UAE resident (20%)
AED 407,543
Deposit, non-resident (40%)
AED 815,087
Monthly over 25 years at 3.7%
AED 8,337

Plus AED 90,594 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →