2-bed · 1,693 sqftOia Residence, Uptown Motorcity · 1st floor · completed 2018

126, Oia Residence

Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 126 · DLD and Ejari recordsUpdated 14 December 2024
Last soldAED 1.28M17 November 2022
Current rentAED 86K /yr14 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 126, Oia Residence

What is 126 worth today?

Last sold for AED 1,281,000 in 2022

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14 Dec 2024RentedNew contract
AED 86,000/yr12 months · AED 51 per sqft
15 Dec 2023RentedNew contract
AED 86,000/yr12 months · AED 51 per sqft
8 Mar 2023RentedNew contract
AED 86,000/yr12 months · AED 51 per sqft
22 Nov 2022RentedNew contract
AED 120,000/yr12 months · AED 71 per sqft
17 Nov 2022Sold by developerReady
AED 1,281,000AED 756 per sqft
14 Nov 2018RentedNew contract
AED 108,000/yr13 months · AED 64 per sqft
14 Nov 2018RentedNew contract
AED 117,000/yr13 months · AED 69 per sqft

Source: Dubai Land Department. Updated 14 December 2024.

Key facts

Type
2-bed apartment
Size
1,693 sqft
Floor
1st of 5
Parking
B-237
Developer
Union Properties
Completed
2018
Service charge
AED 25,000 /yr
Last sold
AED 1.28M · November 2022

About 126, Oia Residence

126 is a two-bedroom apartment of 1,693 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 17 November 2022 for AED 1,281,000, or AED 756 per sqft, in line with the AED 778 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 14 December 2024, is AED 86,000 a year: a gross yield of 6.7% on the 2022 price, before the service charge of about AED 25,000 a year.

Sales and rents for 126 over time

Sales
Unit 126, 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, November 2022: AED 1,281,000 (AED 756 per sqft)

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

Rents
Unit 126, each contractTypical two-bed in Oia Residence
100K125K2018202120242027Typical 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 2018: AED 108,000 a yearNew contract, November 2018: AED 117,000 a yearNew contract, November 2022: AED 120,000 a yearNew contract, March 2023: AED 86,000 a yearNew contract, December 2023: AED 86,000 a yearNew contract, December 2024: AED 86,000 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 126 sits

All 134 2-beds →

126 last sold in November 2022 at AED 756 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 778). 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. 126's AED 86,000 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

126, Oia Residence in numbers

  • Sold once: by Union Properties on 17 November 2022 for AED 1,281,000, or AED 756 per sqft.
  • Rented since November 2018 on 6 Ejari contracts, from AED 117,000 to AED 86,000 a year.
  • At AED 86,000 a year the gross yield on the 2022 price is 6.7%, before a service charge of about AED 25,000 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 14 December 2024.

Questions about 126, Oia Residence

What did unit 126 last sell for?

AED 1,281,000 on 17 November 2022, sold by the developer: AED 756 per sqft for 1,693 sqft. It is the only registered sale of the unit.

What is the rent for unit 126?

AED 86,000 a year on the contract signed on 14 December 2024. The previous contract, from December 2023, was AED 86,000; the unit has been rented since November 2018.

How big is unit 126?

1,693 sqft (157.3 sqm): a two-bedroom apartment on the 1st floor of a 5-storey tower completed in 2018.

What is unit 126 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 126, Oia Residence

Starts from the last sale price (AED 1.28M, 17 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,281,000
Deposit, UAE resident (20%)
AED 256,200
Deposit, non-resident (40%)
AED 512,400
Monthly over 25 years at 3.7%
AED 5,241

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