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2-bed · 1,902 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

448, 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 448 · DLD and Ejari recordsUpdated 2 April 2022
Last soldAED 1.65M5 August 2021
Current rentAED 95K /yr2 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 448, Oia Residence

What is 448 worth today?

Last sold for AED 1,649,722 in 2021

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2 Apr 2022RentedNew contract
AED 95,000/yr13 months · AED 50 per sqft
5 Aug 2021Sold by developerReady
AED 1,649,722AED 867 per sqft
1 Mar 2021RentedRenewal
AED 110,400/yr12 months · AED 58 per sqft
29 Feb 2020RentedRenewal
AED 110,400/yr12 months · AED 58 per sqft
1 Feb 2019RentedNew contract
AED 115,306/yr13 months · AED 61 per sqft
1 Feb 2019RentedNew contract
AED 106,436/yr13 months · AED 56 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 April 2022.

Key facts

Type
2-bed apartment
Size
1,902 sqft
Floor
4th of 5
Parking
B-14
Developer
Union Properties
Completed
2018
Service charge
AED 28,100 /yr
Last sold
AED 1.65M · August 2021
Building
Oia Residence

About 448, Oia Residence

448 is a two-bedroom apartment of 1,902 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 1,649,722, 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 2 April 2022, is AED 95,000 a year: a gross yield of 5.8% on the 2021 price, before the service charge of about AED 28,100 a year.

Sales and rents for 448 over time

Sales
Unit 448, 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 1,649,722 (AED 867 per sqft)

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

Rents
Unit 448, 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, February 2019: AED 115,306 a yearNew contract, February 2019: AED 106,436 a yearRenewal, February 2020: AED 110,400 a yearRenewal, March 2021: AED 110,400 a yearNew contract, April 2022: AED 95,000 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 448 sits

All 125 2-beds →

448 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. 448's AED 95,000 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

448, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 1,649,722, or AED 867 per sqft.
  • Rented since February 2019 on 5 Ejari contracts, from AED 106,436 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2021 price is 5.8%, before a service charge of about AED 28,100 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 2 April 2022.

Questions about 448, Oia Residence

What did unit 448 last sell for?

AED 1,649,722 on 5 August 2021, sold by the developer: AED 867 per sqft for 1,902 sqft. It is the only registered sale of the unit.

What is the rent for unit 448?

AED 95,000 a year on the contract signed on 2 April 2022. The previous contract, from March 2021, was AED 110,400; the unit has been rented since February 2019.

How big is unit 448?

1,902 sqft (176.7 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 448 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 448, Oia Residence

Starts from the last sale price (AED 1.65M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,649,722
Deposit, UAE resident (20%)
AED 329,944
Deposit, non-resident (40%)
AED 659,889
Monthly over 25 years at 3.7%
AED 6,750

Plus AED 74,298 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →