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2-bed · 2,331 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

219, Oia Residence

Sold prices and rental history: sold once, by the developer in June 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 219 · DLD and Ejari recordsUpdated 1 June 2023
Last soldAED 1.66M1 June 2023
Current rentAED 89K /yr9 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 219, Oia Residence

What is 219 worth today?

Last sold for AED 1,655,404 in 2023

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1 Jun 2023Sold by developerReady
AED 1,655,404AED 710 per sqft
9 Aug 2021RentedNew contract
AED 88,754/yr14 months · AED 38 per sqft
16 Dec 2019RentedRenewal
AED 112,300/yr12 months · AED 48 per sqft
16 Nov 2018RentedNew contract
AED 117,000/yr13 months · AED 50 per sqft
16 Nov 2018RentedNew contract
AED 108,000/yr13 months · AED 46 per sqft

Source: Dubai Land Department. Updated 1 June 2023.

Key facts

Type
2-bed apartment
Size
2,331 sqft
Floor
2nd of 5
Parking
B-145
Developer
Union Properties
Completed
2018
Service charge
AED 34,400 /yr
Last sold
AED 1.66M · June 2023
Building
Oia Residence

About 219, Oia Residence

219 is a two-bedroom apartment of 2,331 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 1 June 2023 for AED 1,655,404, or AED 710 per sqft, 8% below the AED 769 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 9 August 2021, is AED 88,754 a year: a gross yield of 5.4% on the 2023 price, before the service charge of about AED 34,400 a year.

Sales and rents for 219 over time

Sales
Unit 219, 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, June 2023: AED 1,655,404 (AED 710 per sqft)

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

Rents
Unit 219, each contractTypical two-bed in Oia Residence
100K120K140K2018202120242027Typical 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 117,000 a yearNew contract, November 2018: AED 108,000 a yearRenewal, December 2019: AED 112,300 a yearNew contract, August 2021: AED 88,754 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 219 sits

All 134 2-beds →

219 last sold in June 2023 at AED 710 per sqft, 8% below what two-beds in Oia Residence were fetching at the time (AED 769). 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. 219's AED 88,754 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

219, Oia Residence in numbers

  • Sold once: by Union Properties on 1 June 2023 for AED 1,655,404, or AED 710 per sqft.
  • Rented since November 2018 on 4 Ejari contracts, from AED 108,000 to AED 88,754 a year.
  • At AED 88,754 a year the gross yield on the 2023 price is 5.4%, before a service charge of about AED 34,400 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 1 June 2023.

Questions about 219, Oia Residence

What did unit 219 last sell for?

AED 1,655,404 on 1 June 2023, sold by the developer: AED 710 per sqft for 2,331 sqft. It is the only registered sale of the unit.

What is the rent for unit 219?

AED 88,754 a year on the contract signed on 9 August 2021. The previous contract, from December 2019, was AED 112,300; the unit has been rented since November 2018.

How big is unit 219?

2,331 sqft (216.6 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 219 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 219, Oia Residence

Starts from the last sale price (AED 1.66M, 1 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,655,404
Deposit, UAE resident (20%)
AED 331,081
Deposit, non-resident (40%)
AED 662,162
Monthly over 25 years at 3.7%
AED 6,773

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