116, Oia Residence
Sold prices and rental history: sold once, by the developer in January 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, Oia Residence
What is 116 worth today?
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Source: Dubai Land Department. Updated 3 January 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,423 sqft
- Floor
- 1st of 5
- Parking
- B-92, B-93
- Developer
- Union Properties
- Completed
- 2018
- Service charge
- AED 35,800 /yr
- Last sold
- AED 1.73M · January 2023
- Building
- Oia Residence
About 116, Oia Residence
116 is a three-bedroom apartment of 2,423 sqft on the 1st floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. The developer sold it on 3 January 2023 for AED 1,730,000, or AED 713 per sqft, 4% below the AED 742 three-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 15 October 2022, is AED 134,640 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 35,800 a year.
Sales and rents for 116 over time
116 has sold once; the dashed line is the three-bed median of each year in the building.
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 116 sits
All 67 3-beds →116 last sold in January 2023 at AED 713 per sqft, 4% below what three-beds in Oia Residence were fetching at the time (AED 742). Over the last 12 months three-beds sold for AED 1,941,000 to 3,200,000, around AED 1,045 per sqft, and rent for AED 100,000 to 215,000 a year. 116's AED 134,640 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 2,007 sqft | 2,490,000 | 1,240 | ||
| 20 Oct 202620 October 2026 | 2,397 sqft | 2,740,000 | 1,143 | ||
| 16 Sep 202616 September 2026 | 2,411 sqft | 2,320,000 | 962 | ||
| 26 Aug 202626 August 2026 | 2,216 sqft | 2,700,000 | 1,218 |
Oia Residence
Building269 apartments, 1-bed to 4-bed over 5 floors in Uptown Motorcity, completed in 2018 by Union Properties. 65 sold in the last 12 months.
- Typical price per sqft
- AED 1,050 Down 4.5%
- Typical sale
- AED 2.11M
- Typical rent
- AED 130K /yr
- Typical yield
- 8.5%
Other units on the 1st floor
All 269 units in Oia Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 4-bed | 3,034 sqft | AED 2.45MAED 2,446,064 · Apr 2026April 2026 | 126,000 /yr | |
| 108 | 3-bed | 2,397 sqft | AED 2.74MAED 2,740,000 · Oct 2026October 2026 | 115,000 /yr | |
| 110 | 3-bed | 2,247 sqft | AED 2.5MAED 2,500,000 · Aug 2024August 2024 | 104,229 /yr | |
| 118 | 3-bed | 2,571 sqft | AED 2.83MAED 2,828,177 · Mar 2025March 2025 | 150,000 /yr | |
| 119 | 3-bed | 2,070 sqft | AED 2.28MAED 2,276,648 · Nov 2024November 2024 | 50,000 /yr | |
| 120 | 3-bed | 2,641 sqft | AED 1.83MAED 1,825,000 · Dec 2022December 2022 | 105,343 /yr | |
| 122 | 3-bed | 2,403 sqft | AED 2.33MAED 2,327,500 · Apr 2025April 2025 | 96,000 /yr | |
| 123 | 3-bed | 2,136 sqft | AED 1.85MAED 1,852,718 · Aug 2021August 2021 | 113,000 /yr | |
| 124 | 2-bed | 1,778 sqft | AED 1.28MAED 1,275,000 · Jan 2023January 2023 | 117,810 /yr | |
| 125 | 3-bed | 2,138 sqft | AED 1.6MAED 1,600,256 · Jan 2021January 2021 | 200,000 /yr | |
| 126 | 2-bed | 1,693 sqft | AED 1.28MAED 1,281,000 · Nov 2022November 2022 | 86,000 /yr | |
| 129 | 3-bed | 2,014 sqft | AED 2.12MAED 2,115,000 · Feb 2026February 2026 | 70,000 /yr | |
| 131 | 4-bed | 3,031 sqft | AED 3.01MAED 3,010,000 · Jun 2024June 2024 | 131,500 /yr | |
| 138 | 3-bed | 2,397 sqft | AED 1.7MAED 1,700,000 · Nov 2022November 2022 | 134,640 /yr | |
| 140 | 3-bed | 2,251 sqft | AED 2.35MAED 2,350,000 · May 2024May 2024 | 104,229 /yr | |
| 145 | 3-bed | 2,279 sqft | AED 1.75MAED 1,750,000 · May 2023May 2023 | 185,000 /yr | |
| 146 | 3-bed | 1,949 sqft | AED 1.6MAED 1,600,000 · Mar 2023March 2023 | 195,000 /yr | |
| 147 | 3-bed | 2,546 sqft | AED 2.55MAED 2,550,000 · Nov 2025November 2025 | 120,000 /yr | |
| 148 | 3-bed | 2,388 sqft | AED 2.47MAED 2,472,000 · Feb 2026February 2026 | 215,000 /yr |
116, Oia Residence in numbers
- Sold once: by Union Properties on 3 January 2023 for AED 1,730,000, or AED 713 per sqft.
- Rented since July 2019 on 3 Ejari contracts. The rent fell from AED 135,000 to AED 104,914 in 2021 and recovered to AED 134,640 by October 2022.
- At AED 134,640 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 35,800 a year (AED 14.76 per sqft).
- Three-beds in Oia Residence sold for AED 1,941,000–3,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,050 per sqft.
Source: Dubai Land Department. Updated 3 January 2023.
Questions about 116, Oia Residence
What did unit 116 last sell for?
AED 1,730,000 on 3 January 2023, sold by the developer: AED 713 per sqft for 2,423 sqft. It is the only registered sale of the unit.
What is the rent for unit 116?
AED 134,640 a year on the contract renewed on 15 October 2022. The previous contract, from August 2021, was AED 104,914; the unit has been rented since July 2019.
How big is unit 116?
2,423 sqft (225.1 sqm): a three-bedroom apartment on the 1st floor of a 5-storey tower completed in 2018.
What is unit 116 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 3,200,000 in the last 12 months, around AED 1,045 per sqft.
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Mortgage on 116, Oia Residence
Starts from the last sale price (AED 1.73M, 3 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,730,000
- Deposit, UAE resident (20%)
- AED 346,000
- Deposit, non-resident (40%)
- AED 692,000
- Monthly over 25 years at 3.7%
- AED 7,078
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →