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3-bed · 2,355 sqftOia Residence, Uptown Motorcity · Ground floor · completed 2018

G08, Oia Residence

Sold prices and rental history: sold once, by the developer in October 2022, and rented once, from July 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G08 · DLD and Ejari recordsUpdated 7 October 2022
Last soldAED 1.63M7 October 2022
Current rentAED 105K /yr3 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G08, Oia Residence

What is G08 worth today?

Last sold for AED 1,625,000 in 2022

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7 Oct 2022Sold by developerReady
AED 1,625,000AED 689 per sqft
3 Jul 2021RentedNew contract
AED 105,343/yr14 months · AED 45 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 7 October 2022.

Key facts

Type
3-bed apartment
Size
2,355 sqft
Floor
Ground of 5
Parking
B-329, B-330
Developer
Union Properties
Completed
2018
Service charge
AED 34,800 /yr
Last sold
AED 1.63M · October 2022
Building
Oia Residence

About G08, Oia Residence

G08 is a three-bedroom apartment of 2,355 sqft on the ground floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. The developer sold it on 7 October 2022 for AED 1,625,000, or AED 689 per sqft, 8% below the AED 749 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 3 July 2021. The current contract, signed on 3 July 2021, is AED 105,343 a year: a gross yield of 6.5% on the 2022 price, before the service charge of about AED 34,800 a year.

Sales and rents for G08 over time

Sales
Unit G08, each saleTypical three-bed in Oia Residence
1.5M2M2.5M2017202020232026Typical sale price by year: 2017 AED 2,175,303; 2021 AED 2,027,786; 2022 AED 1,625,000; 2023 AED 1,746,526; 2024 AED 2,450,000; 2025 AED 2,181,250; 2026 AED 2,205,459Sold by developer, October 2022: AED 1,625,000 (AED 689 per sqft)

G08 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit G08, each contractTypical three-bed in Oia Residence
100K125K150K20182020202220242026Typical rent by year: 2018 AED 135,000; 2019 AED 132,000; 2020 AED 123,301; 2021 AED 105,343; 2022 AED 116,800; 2023 AED 115,000; 2024 AED 140,300; 2025 AED 157,500New contract, July 2021: AED 105,343 a year

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

3-beds in Oia Residence, and where G08 sits

All 63 3-beds →

G08 last sold in October 2022 at AED 689 per sqft, 8% below what three-beds in Oia Residence were fetching at the time (AED 749). Over the last 12 months three-beds sold for AED 1,941,000 to 2,700,000, around AED 1,018 per sqft, and rent for AED 120,000 to 210,000 a year. G08's AED 105,343 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
18 Feb 20262,115,000
18 Feb 20262,472,000
12 Feb 20262,105,987
11 Feb 20262,450,000
8 3-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 ground floor

All 269 units in Oia Residence
Value
G013-bedAED 2.32M · Aug 2021
G023-bedAED 2.21M · Feb 2026
G034-bedAED 2.63M · Jun 2024
G044-bedAED 3.05M · Feb 2026
G054-bedAED 2.59M · Aug 2021
G063-bedAED 1.5M · Dec 2022
G074-bedAED 2.53M · Aug 2021
1–7 of 47

G08, Oia Residence in numbers

  • Sold once: by Union Properties on 7 October 2022 for AED 1,625,000, or AED 689 per sqft.
  • Rented since July 2021 on one Ejari contract, at AED 105,343 a year.
  • At AED 105,343 a year the gross yield on the 2022 price is 6.5%, before a service charge of about AED 34,800 a year (AED 14.76 per sqft).
  • Three-beds in Oia Residence sold for AED 1,941,000–2,700,000 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 7 October 2022.

Questions about G08, Oia Residence

What did unit G08 last sell for?

AED 1,625,000 on 7 October 2022, sold by the developer: AED 689 per sqft for 2,355 sqft. It is the only registered sale of the unit.

What is the rent for unit G08?

AED 105,343 a year on the contract signed on 3 July 2021.

How big is unit G08?

2,355 sqft (218.8 sqm): a three-bedroom apartment on the ground floor of a 5-storey tower completed in 2018.

What is unit G08 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oia Residence sold for AED 1,941,000 to 2,700,000 in the last 12 months, around AED 1,018 per sqft.

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Mortgage on G08, Oia Residence

Starts from the last sale price (AED 1.63M, 7 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,000
Deposit, UAE resident (20%)
AED 325,000
Deposit, non-resident (40%)
AED 650,000
Monthly over 25 years at 3.7%
AED 6,648

Plus AED 73,260 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →