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3-bed · 2,411 sqftOia Residence, Uptown Motorcity · Ground floor · completed 2018

G16, Oia Residence

Sold prices and rental history: sold once, by the developer in August 2021, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G16 · DLD and Ejari recordsUpdated 5 June 2022
Last soldAED 2.09M5 August 2021
Current rentAED 123K /yr5 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G16, Oia Residence

What is G16 worth today?

Last sold for AED 2,091,098 in 2021

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5 Jun 2022RentedNew contract
AED 122,900/yr13 months · AED 51 per sqft
5 Aug 2021Sold by developerReady
AED 2,091,098AED 867 per sqft
5 May 2021RentedRenewal
AED 113,446/yr13 months · AED 47 per sqft
5 May 2020RentedRenewal
AED 133,500/yr12 months · AED 55 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 June 2022.

Key facts

Type
3-bed apartment
Size
2,411 sqft
Floor
Ground of 5
Parking
B-126, B-127
Developer
Union Properties
Completed
2018
Service charge
AED 35,600 /yr
Last sold
AED 2.09M · August 2021
Building
Oia Residence

About G16, Oia Residence

G16 is a three-bedroom apartment of 2,411 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 5 August 2021 for AED 2,091,098, or AED 867 per sqft, in line with the AED 867 three-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 5 June 2022, is AED 122,900 a year: a gross yield of 5.9% on the 2021 price, before the service charge of about AED 35,600 a year.

Sales and rents for G16 over time

Sales
Unit G16, 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, August 2021: AED 2,091,098 (AED 867 per sqft)

G16 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit G16, 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 157,500Renewal, May 2020: AED 133,500 a yearRenewal, May 2021: AED 113,446 a yearNew contract, June 2022: AED 122,900 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 G16 sits

All 63 3-beds →

G16 last sold in August 2021 at AED 867 per sqft, in line with what three-beds in Oia Residence were fetching at the time (AED 867). 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. G16's AED 122,900 is in the lower half 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. 14 sold in the last 12 months.

Typical price per sqft
AED 1,050 Down 4.5%
Typical sale
AED 2.13M
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

G16, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 2,091,098, or AED 867 per sqft.
  • Rented since May 2020 on 3 Ejari contracts, from AED 133,500 to AED 122,900 a year.
  • At AED 122,900 a year the gross yield on the 2021 price is 5.9%, before a service charge of about AED 35,600 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 5 June 2022.

Questions about G16, Oia Residence

What did unit G16 last sell for?

AED 2,091,098 on 5 August 2021, sold by the developer: AED 867 per sqft for 2,411 sqft. It is the only registered sale of the unit.

What is the rent for unit G16?

AED 122,900 a year on the contract signed on 5 June 2022. The previous contract, from May 2021, was AED 113,446; the unit has been rented since May 2020.

How big is unit G16?

2,411 sqft (224.0 sqm): a three-bedroom apartment on the ground floor of a 5-storey tower completed in 2018.

What is unit G16 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 G16, Oia Residence

Starts from the last sale price (AED 2.09M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,091,098
Deposit, UAE resident (20%)
AED 418,220
Deposit, non-resident (40%)
AED 836,439
Monthly over 25 years at 3.7%
AED 8,555

Plus AED 92,836 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →