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2-bed · 1,778 sqftOia Residence, Uptown Motorcity · 1st floor · completed 2018

124, Oia Residence

Sold prices and rental history: sold once, by the developer in January 2023, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 124 · DLD and Ejari recordsUpdated 4 January 2023
Last soldAED 1.28M4 January 2023
Current rentAED 118K /yr5 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 124, Oia Residence

What is 124 worth today?

Last sold for AED 1,275,000 in 2023

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4 Jan 2023Sold by developerReady
AED 1,275,000AED 717 per sqft
5 Nov 2022RentedNew contract
AED 117,810/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 4 January 2023.

Key facts

Type
2-bed apartment
Size
1,778 sqft
Floor
1st of 5
Parking
B-166
Developer
Union Properties
Completed
2018
Service charge
AED 26,200 /yr
Last sold
AED 1.28M · January 2023
Building
Oia Residence

About 124, Oia Residence

124 is a two-bedroom apartment of 1,778 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 4 January 2023 for AED 1,275,000, or AED 717 per sqft, 7% below the AED 775 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 November 2022. The current contract, signed on 5 November 2022, is AED 117,810 a year: a gross yield of 9.2% on the 2023 price, before the service charge of about AED 26,200 a year.

Sales and rents for 124 over time

Sales
Unit 124, each saleTypical two-bed in Oia Residence
1.5M2M2017202020232026Typical sale price by year: 2017 AED 1,685,316; 2020 AED 1,294,850; 2021 AED 1,464,514; 2022 AED 1,275,000; 2023 AED 1,299,000; 2024 AED 1,810,000; 2025 AED 1,850,000; 2026 AED 1,900,000Sold by developer, January 2023: AED 1,275,000 (AED 717 per sqft)

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

Rents
Unit 124, each contractTypical two-bed in Oia Residence
100K120K2018202120242027Typical rent by year: 2018 AED 117,000; 2019 AED 115,000; 2020 AED 106,650; 2021 AED 92,308; 2022 AED 95,000; 2023 AED 105,000; 2024 AED 117,179; 2025 AED 130,000; 2026 AED 132,500New contract, November 2022: AED 117,810 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 124 sits

All 134 2-beds →

124 last sold in January 2023 at AED 717 per sqft, 7% below what two-beds in Oia Residence were fetching at the time (AED 775). Over the last 12 months two-beds sold for AED 1,284,669 to 2,350,000, around AED 1,058 per sqft, and rent for AED 70,000 to 185,000 a year. 124's AED 117,810 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20262,196,700
19 Sep 20262,050,000
8 Sep 20261,950,000
24 Aug 20262,000,000
25 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. 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%
Oia Residence, Uptown Motorcity: prices, sales and rents →

Other units on the 1st floor

All 269 units in Oia Residence
Value
1014-bedAED 2.45M · Apr 2026
1083-bedAED 2.74M · Oct 2026
1103-bedAED 2.5M · Aug 2024
1163-bedAED 1.73M · Jan 2023
1183-bedAED 2.83M · Mar 2025
1193-bedAED 2.28M · Nov 2024
1203-bedAED 1.83M · Dec 2022
1–7 of 19

124, Oia Residence in numbers

  • Sold once: by Union Properties on 4 January 2023 for AED 1,275,000, or AED 717 per sqft.
  • Rented since November 2022 on one Ejari contract, at AED 117,810 a year.
  • At AED 117,810 a year the gross yield on the 2023 price is 9.2%, before a service charge of about AED 26,200 a year (AED 14.76 per sqft).
  • Two-beds in Oia Residence sold for AED 1,284,669–2,350,000 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 4 January 2023.

Questions about 124, Oia Residence

What did unit 124 last sell for?

AED 1,275,000 on 4 January 2023, sold by the developer: AED 717 per sqft for 1,778 sqft. It is the only registered sale of the unit.

What is the rent for unit 124?

AED 117,810 a year on the contract signed on 5 November 2022.

How big is unit 124?

1,778 sqft (165.2 sqm): a two-bedroom apartment on the 1st floor of a 5-storey tower completed in 2018.

What is unit 124 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 1,284,669 to 2,350,000 in the last 12 months, around AED 1,058 per sqft.

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Mortgage on 124, Oia Residence

Starts from the last sale price (AED 1.28M, 4 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →