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2-bed · 1,652 sqftOia Residence, Uptown Motorcity · 5th floor · completed 2018

509, Oia Residence

Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 15 July 2025
Last soldAED 1.25M16 November 2022
Current rentAED 180K /yr15 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Oia Residence

What is 509 worth today?

Last sold for AED 1,249,500 in 2022

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15 Jul 2025RentedNew contract
AED 180,000/yr12 months · AED 109 per sqft
15 Apr 2024RentedNew contract
AED 125,000/yr12 months · AED 76 per sqft
15 Apr 2023RentedNew contract
AED 125,000/yr12 months · AED 76 per sqft
16 Nov 2022Sold by developerReady
AED 1,249,500AED 756 per sqft
7 Feb 2022RentedNew contract
AED 87,943/yr14 months · AED 53 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 July 2025.

Key facts

Type
2-bed apartment
Size
1,652 sqft
Floor
5th of 5
Parking
B-388
Developer
Union Properties
Completed
2018
Service charge
AED 24,400 /yr
Last sold
AED 1.25M · November 2022
Building
Oia Residence

About 509, Oia Residence

509 is a two-bedroom apartment of 1,652 sqft on the 5th floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. The developer sold it on 16 November 2022 for AED 1,249,500, or AED 756 per sqft, in line with the AED 779 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 15 July 2025, is AED 180,000 a year: a gross yield of 14.4% on the 2022 price, before the service charge of about AED 24,400 a year.

Sales and rents for 509 over time

Sales
Unit 509, 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, November 2022: AED 1,249,500 (AED 756 per sqft)

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

Rents
Unit 509, each contractTypical two-bed in Oia Residence
100K150K201820212024Typical 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 2022: AED 87,943 a yearNew contract, April 2023: AED 125,000 a yearNew contract, April 2024: AED 125,000 a yearNew contract, July 2025: AED 180,000 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 509 sits

All 125 2-beds →

509 last sold in November 2022 at AED 756 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 779). 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. 509's AED 180,000 is at the top 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 5th floor

All 269 units in Oia Residence
Value
5013-bedAED 1.83M · Aug 2021
5023-bedAED 2.45M · Feb 2026
5033-bedAED 2.45M · Jul 2024
504AED 1.94M · Nov 2025
505AED 2.12M · Oct 2025
5062-bedAED 1.34M · Apr 2025
5073-bedAED 1.52M · Sep 2020
1–7 of 44

509, Oia Residence in numbers

  • Sold once: by Union Properties on 16 November 2022 for AED 1,249,500, or AED 756 per sqft.
  • Rented since February 2022 on 4 Ejari contracts, from AED 87,943 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2022 price is 14.4%, before a service charge of about AED 24,400 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 15 July 2025.

Questions about 509, Oia Residence

What did unit 509 last sell for?

AED 1,249,500 on 16 November 2022, sold by the developer: AED 756 per sqft for 1,652 sqft. It is the only registered sale of the unit.

What is the rent for unit 509?

AED 180,000 a year on the contract signed on 15 July 2025. The previous contract, from April 2024, was AED 125,000; the unit has been rented since February 2022.

How big is unit 509?

1,652 sqft (153.5 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.

What is unit 509 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 509, Oia Residence

Starts from the last sale price (AED 1.25M, 16 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,249,500
Deposit, UAE resident (20%)
AED 249,900
Deposit, non-resident (40%)
AED 499,800
Monthly over 25 years at 3.7%
AED 5,112

Plus AED 57,489 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →