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2-bed · 1,430 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

206, Oia Residence

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

Unit 206 · DLD and Ejari recordsUpdated 20 January 2025
Last soldAED 1.12M27 October 2022
Current rentAED 110K /yr20 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 206, Oia Residence

What is 206 worth today?

Last sold for AED 1,120,000 in 2022

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20 Jan 2025RentedRenewal
AED 110,000/yr12 months · AED 77 per sqft
20 Jan 2025RentedRenewal
AED 110,000/yr12 months · AED 77 per sqft
20 Jan 2024RentedNew contract
AED 105,000/yr12 months · AED 73 per sqft
20 Jan 2023RentedNew contract
AED 105,000/yr12 months · AED 74 per sqft
27 Oct 2022Sold by developerReady
AED 1,120,000AED 783 per sqft

Source: Dubai Land Department. Updated 20 January 2025.

Key facts

Type
2-bed apartment
Size
1,430 sqft
Floor
2nd of 5
Parking
B-113
Developer
Union Properties
Completed
2018
Service charge
AED 21,100 /yr
Last sold
AED 1.12M · October 2022
Building
Oia Residence

About 206, Oia Residence

206 is a two-bedroom apartment of 1,430 sqft on the 2nd floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. The developer sold it on 27 October 2022 for AED 1,120,000, or AED 783 per sqft, in line with the AED 781 two-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 20 January 2025, is AED 110,000 a year: a gross yield of 9.8% on the 2022 price, before the service charge of about AED 21,100 a year.

Sales and rents for 206 over time

Sales
Unit 206, each saleTypical two-bed in Oia Residence
1M1.5M2M2017202020232026Typical 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, October 2022: AED 1,120,000 (AED 783 per sqft)

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

Rents
Unit 206, 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, January 2023: AED 105,000 a yearNew contract, January 2024: AED 105,000 a yearRenewal, January 2025: AED 110,000 a yearRenewal, January 2025: AED 110,000 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 206 sits

All 134 2-beds →

206 last sold in October 2022 at AED 783 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 781). 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. 206's AED 110,000 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 2nd floor

All 269 units in Oia Residence
Value
2012-bedAED 1.68M · Oct 2022
2022-bedAED 1.49M · Feb 2026
2032-bedAED 1.88M · Apr 2025
2042-bedAED 1.3M · Sep 2024
2052-bedAED 1.56M · Aug 2021
2072-bedAED 1.2M · Feb 2023
2082-bedAED 1.16M · Dec 2020
1–7 of 53

206, Oia Residence in numbers

  • Sold once: by Union Properties on 27 October 2022 for AED 1,120,000, or AED 783 per sqft.
  • Rented since January 2023 on 4 Ejari contracts, from AED 105,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2022 price is 9.8%, before a service charge of about AED 21,100 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 20 January 2025.

Questions about 206, Oia Residence

What did unit 206 last sell for?

AED 1,120,000 on 27 October 2022, sold by the developer: AED 783 per sqft for 1,430 sqft. It is the only registered sale of the unit.

What is the rent for unit 206?

AED 110,000 a year on the contract renewed on 20 January 2025. The previous contract, from January 2025, was AED 110,000; the unit has been rented since January 2023.

How big is unit 206?

1,430 sqft (132.9 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 206 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 206, Oia Residence

Starts from the last sale price (AED 1.12M, 27 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,120,000
Deposit, UAE resident (20%)
AED 224,000
Deposit, non-resident (40%)
AED 448,000
Monthly over 25 years at 3.7%
AED 4,582

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