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2-bed · 1,776 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

428, 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 428 · DLD and Ejari recordsUpdated 1 January 2023
Last soldAED 1.54M5 August 2021
Current rentAED 92K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 428, Oia Residence

What is 428 worth today?

Last sold for AED 1,541,046 in 2021

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1 Jan 2023RentedNew contract
AED 92,000/yr13 months · AED 52 per sqft
16 Nov 2021RentedNew contract
AED 92,000/yr12 months · AED 52 per sqft
5 Aug 2021Sold by developerReady
AED 1,541,046AED 867 per sqft
28 Dec 2020RentedNew contract
AED 106,200/yr13 months · AED 60 per sqft
6 Feb 2020RentedNew contract
AED 114,200/yr12 months · AED 64 per sqft
8 Jan 2019RentedNew contract
AED 118,681/yr12 months · AED 67 per sqft

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

Key facts

Type
2-bed apartment
Size
1,776 sqft
Floor
4th of 5
Parking
B-251
Developer
Union Properties
Completed
2018
Service charge
AED 26,200 /yr
Last sold
AED 1.54M · August 2021
Building
Oia Residence

About 428, Oia Residence

428 is a two-bedroom apartment of 1,776 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 1,541,046, 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 5 Ejari contracts. The current contract, signed on 1 January 2023, is AED 92,000 a year: a gross yield of 6.0% on the 2021 price, before the service charge of about AED 26,200 a year.

Sales and rents for 428 over time

Sales
Unit 428, 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 1,541,046 (AED 867 per sqft)

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

Rents
Unit 428, 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, January 2019: AED 118,681 a yearNew contract, February 2020: AED 114,200 a yearNew contract, December 2020: AED 106,200 a yearNew contract, November 2021: AED 92,000 a yearNew contract, January 2023: AED 92,000 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 428 sits

All 125 2-beds →

428 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. 428's AED 92,000 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

428, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 1,541,046, or AED 867 per sqft.
  • Rented since January 2019 on 5 Ejari contracts, from AED 118,681 to AED 92,000 a year.
  • At AED 92,000 a year the gross yield on the 2021 price is 6.0%, before a service charge of about AED 26,200 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 January 2023.

Questions about 428, Oia Residence

What did unit 428 last sell for?

AED 1,541,046 on 5 August 2021, sold by the developer: AED 867 per sqft for 1,776 sqft. It is the only registered sale of the unit.

What is the rent for unit 428?

AED 92,000 a year on the contract signed on 1 January 2023. The previous contract, from November 2021, was AED 92,000; the unit has been rented since January 2019.

How big is unit 428?

1,776 sqft (165.0 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 428 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 428, Oia Residence

Starts from the last sale price (AED 1.54M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,541,046
Deposit, UAE resident (20%)
AED 308,209
Deposit, non-resident (40%)
AED 616,418
Monthly over 25 years at 3.7%
AED 6,305

Plus AED 69,734 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →