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1-bed · 924 sqftOia Residence, Uptown Motorcity · 5th floor · completed 2018

538, Oia Residence

Sold prices and rental history: sold once, by the developer in December 2017, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 538 · DLD and Ejari recordsUpdated 15 July 2025
Last soldAED 1.08M25 December 2017
Current rentAED 90K /yr15 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 538, Oia Residence

What is 538 worth today?

Last sold for AED 1,076,502 in 2017

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15 Jul 2025RentedRenewal
AED 90,000/yr12 months · AED 97 per sqft
13 Feb 2021RentedNew contract
AED 50,000/yr12 months · AED 54 per sqft
25 Dec 2017Sold by developerOff-plan
AED 1,076,502AED 1,165 per sqft

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

Key facts

Type
1-bed apartment
Size
924 sqft
Floor
5th of 5
Parking
B-58
Developer
Union Properties
Completed
2018
Service charge
AED 13,600 /yr
Last sold
AED 1.08M · December 2017
Building
Oia Residence

About 538, Oia Residence

538 is a one-bedroom apartment of 924 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 25 December 2017 for AED 1,076,502, or AED 1,165 per sqft, in line with the AED 1,154 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 15 July 2025, is AED 90,000 a year: a gross yield of 8.4% on the 2017 price, before the service charge of about AED 13,600 a year.

Sales and rents for 538 over time

Sales
Unit 538, each saleTypical one-bed in Oia Residence
600K800K1M20172019202120232025Typical sale price by year: 2017 AED 1,038,129; 2018 AED 1,020,000; 2020 AED 860,510; 2021 AED 977,360; 2022 AED 650,000; 2023 AED 950,000; 2024 AED 875,000Sold by developer, December 2017: AED 1,076,502 (AED 1,165 per sqft)

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

Rents
Unit 538, each contractTypical one-bed in Oia Residence
60K80K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 69,000; 2020 AED 55,000; 2021 AED 55,000; 2022 AED 55,500; 2023 AED 65,000; 2024 AED 68,250; 2025 AED 82,500; 2026 AED 85,000New contract, February 2021: AED 50,000 a yearRenewal, July 2025: AED 90,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Oia Residence, and where 538 sits

All 43 1-beds →

538 last sold in December 2017 at AED 1,165 per sqft, in line with what one-beds in Oia Residence were fetching at the time (AED 1,154). Over the last 12 months one-beds sold for AED 1,120,000 to 1,205,000, around AED 1,373 per sqft, and rent for AED 76,000 to 165,000 a year. 538's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Feb 20261,205,000
18 Dec 2024818,330
26 Nov 20241,030,000
16 Sep 20241,100,000
2 1-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

538, Oia Residence in numbers

  • Sold once: by Union Properties on 25 December 2017 for AED 1,076,502, or AED 1,165 per sqft.
  • Rented since February 2021 on 2 Ejari contracts, from AED 50,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2017 price is 8.4%, before a service charge of about AED 13,600 a year (AED 14.76 per sqft).
  • One-beds in Oia Residence sold for AED 1,120,000–1,205,000 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 538, Oia Residence

What did unit 538 last sell for?

AED 1,076,502 on 25 December 2017, sold by the developer: AED 1,165 per sqft for 924 sqft. It is the only registered sale of the unit.

What is the rent for unit 538?

AED 90,000 a year on the contract renewed on 15 July 2025. The previous contract, from February 2021, was AED 50,000.

How big is unit 538?

924 sqft (85.8 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.

What is unit 538 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oia Residence sold for AED 1,120,000 to 1,205,000 in the last 12 months, around AED 1,373 per sqft.

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Mortgage on 538, Oia Residence

Starts from the last sale price (AED 1.08M, 25 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,076,502
Deposit, UAE resident (20%)
AED 215,300
Deposit, non-resident (40%)
AED 430,601
Monthly over 25 years at 3.7%
AED 4,404

Plus AED 50,223 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →