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2-bed · 1,399 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

208, Oia Residence

Sold prices and rental history: sold once, by the developer in December 2020, and rented once, from October 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 208 · DLD and Ejari recordsUpdated 28 December 2020
Last soldAED 1.16M28 December 2020
Current rentAED 100K /yr2 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 208, Oia Residence

What is 208 worth today?

Last sold for AED 1,162,325 in 2020

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28 Dec 2020Sold by developerReady
AED 1,162,325AED 831 per sqft
2 Oct 2019RentedNew contract
AED 100,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 28 December 2020.

Key facts

Type
2-bed apartment
Size
1,399 sqft
Floor
2nd of 5
Parking
B-115
Developer
Union Properties
Completed
2018
Service charge
AED 20,600 /yr
Last sold
AED 1.16M · December 2020
Building
Oia Residence

About 208, Oia Residence

208 is a two-bedroom apartment of 1,399 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 28 December 2020 for AED 1,162,325, or AED 831 per sqft, 4% below the AED 866 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 2 October 2019. The current contract, signed on 2 October 2019, is AED 100,000 a year: a gross yield of 8.6% on the 2020 price, before the service charge of about AED 20,600 a year.

Sales and rents for 208 over time

Sales
Unit 208, 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, December 2020: AED 1,162,325 (AED 831 per sqft)

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

Rents
Unit 208, 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, October 2019: AED 100,000 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 208 sits

All 134 2-beds →

208 last sold in December 2020 at AED 831 per sqft, 4% below what two-beds in Oia Residence were fetching at the time (AED 866). 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. 208's AED 100,000 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
2062-bedAED 1.12M · Oct 2022
2072-bedAED 1.2M · Feb 2023
1–7 of 53

208, Oia Residence in numbers

  • Sold once: by Union Properties on 28 December 2020 for AED 1,162,325, or AED 831 per sqft.
  • Rented since October 2019 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2020 price is 8.6%, before a service charge of about AED 20,600 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 28 December 2020.

Questions about 208, Oia Residence

What did unit 208 last sell for?

AED 1,162,325 on 28 December 2020, sold by the developer: AED 831 per sqft for 1,399 sqft. It is the only registered sale of the unit.

What is the rent for unit 208?

AED 100,000 a year on the contract signed on 2 October 2019.

How big is unit 208?

1,399 sqft (130.0 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 208 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 208, Oia Residence

Starts from the last sale price (AED 1.16M, 28 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,162,325
Deposit, UAE resident (20%)
AED 232,465
Deposit, non-resident (40%)
AED 464,930
Monthly over 25 years at 3.7%
AED 4,755

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