2-bed · 1,748 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

220, Oia Residence

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 220 · DLD and Ejari recordsUpdated 9 December 2024
Last soldAED 1.92M9 December 2024
Current rentAED 100K /yr14 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 220, Oia Residence

What is 220 worth today?

Last sold for AED 1,922,272 in 2024

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9 Dec 2024SoldReady
AED 1,922,272AED 1,099 per sqft
14 Apr 2023RentedRenewal
AED 100,000/yr12 months · AED 57 per sqft
14 Apr 2022RentedRenewal
AED 100,000/yr12 months · AED 57 per sqft
5 Aug 2021Sold by developerReady
AED 1,515,915AED 867 per sqft
14 Apr 2021RentedRenewal
AED 113,300/yr12 months · AED 65 per sqft
14 Apr 2020RentedRenewal
AED 113,300/yr12 months · AED 65 per sqft
14 Mar 2019RentedNew contract
AED 118,000/yr13 months · AED 68 per sqft

Source: Dubai Land Department. Updated 9 December 2024.

Key facts

Type
2-bed apartment
Size
1,748 sqft
Floor
2nd of 5
Parking
B-144
Developer
Union Properties
Completed
2018
Service charge
AED 25,800 /yr
Last sold
AED 1.92M · December 2024

About 220, Oia Residence

220 is a two-bedroom apartment of 1,748 sqft on the 2nd floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. It last sold on 9 December 2024 for AED 1,922,272, or AED 1,099 per sqft, in line with the AED 1,099 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 14 April 2023, is AED 100,000 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 25,800 a year.

Sales and rents for 220 over time

Sales
Unit 220, 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, August 2021: AED 1,515,915 (AED 867 per sqft)Sold, December 2024: AED 1,922,272 (AED 1,099 per sqft)

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

Rents
Unit 220, 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, March 2019: AED 118,000 a yearRenewal, April 2020: AED 113,300 a yearRenewal, April 2021: AED 113,300 a yearRenewal, April 2022: AED 100,000 a yearRenewal, April 2023: 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 220 sits

All 134 2-beds →

220 last sold in December 2024 at AED 1,099 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 1,099). 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. 220'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

220, Oia Residence in numbers

  • Sold twice: first on 5 August 2021 for AED 1,515,915, last on 9 December 2024 for AED 1,922,272 (AED 1,099 per sqft).
  • Rented since March 2019 on 5 Ejari contracts, from AED 118,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2024 price is 5.2%, before a service charge of about AED 25,800 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 9 December 2024.

Questions about 220, Oia Residence

What did unit 220 last sell for?

AED 1,922,272 on 9 December 2024: AED 1,099 per sqft for 1,748 sqft. The unit has 2 registered sales; the first was AED 1,515,915 in August 2021.

What is the rent for unit 220?

AED 100,000 a year on the contract renewed on 14 April 2023. The previous contract, from April 2022, was AED 100,000; the unit has been rented since March 2019.

How big is unit 220?

1,748 sqft (162.4 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 220 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 220, Oia Residence

Starts from the last sale price (AED 1.92M, 9 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,922,272
Deposit, UAE resident (20%)
AED 384,454
Deposit, non-resident (40%)
AED 768,909
Monthly over 25 years at 3.7%
AED 7,865

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