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2-bed · 1,518 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

221, Oia Residence

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

Unit 221 · DLD and Ejari recordsUpdated 13 August 2020
Last soldAED 1.33M13 August 2020
Current rentAED 133K /yr13 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 221, Oia Residence

What is 221 worth today?

Last sold for AED 1,326,652 in 2020

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13 Aug 2020Sold by developerReady
AED 1,326,652AED 874 per sqft
13 Nov 2019RentedNew contract
AED 132,665/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 13 August 2020.

Key facts

Type
2-bed apartment
Size
1,518 sqft
Floor
2nd of 5
Parking
B-143 , B-128
Developer
Union Properties
Completed
2018
Service charge
AED 22,400 /yr
Last sold
AED 1.33M · August 2020
Building
Oia Residence

About 221, Oia Residence

221 is a two-bedroom apartment of 1,518 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 13 August 2020 for AED 1,326,652, or AED 874 per sqft, 4% below the AED 911 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 13 November 2019. The current contract, signed on 13 November 2019, is AED 132,665 a year: a gross yield of 10.0% on the 2020 price, before the service charge of about AED 22,400 a year.

Sales and rents for 221 over time

Sales
Unit 221, 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 2020: AED 1,326,652 (AED 874 per sqft)

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

Rents
Unit 221, 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, November 2019: AED 132,665 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 221 sits

All 134 2-beds →

221 last sold in August 2020 at AED 874 per sqft, 4% below what two-beds in Oia Residence were fetching at the time (AED 911). 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. 221's AED 132,665 is in the upper 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

221, Oia Residence in numbers

  • Sold once: by Union Properties on 13 August 2020 for AED 1,326,652, or AED 874 per sqft.
  • Rented since November 2019 on one Ejari contract, at AED 132,665 a year.
  • At AED 132,665 a year the gross yield on the 2020 price is 10.0%, before a service charge of about AED 22,400 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 13 August 2020.

Questions about 221, Oia Residence

What did unit 221 last sell for?

AED 1,326,652 on 13 August 2020, sold by the developer: AED 874 per sqft for 1,518 sqft. It is the only registered sale of the unit.

What is the rent for unit 221?

AED 132,665 a year on the contract signed on 13 November 2019.

How big is unit 221?

1,518 sqft (141.0 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 221 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 221, Oia Residence

Starts from the last sale price (AED 1.33M, 13 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,326,652
Deposit, UAE resident (20%)
AED 265,330
Deposit, non-resident (40%)
AED 530,661
Monthly over 25 years at 3.7%
AED 5,428

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