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1-bed · 951 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

229, Oia Residence

Sold prices and rental history: sold twice, last in March 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 229 · DLD and Ejari recordsUpdated 15 March 2022
Last soldAED 880K15 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 229, Oia Residence

What is 229 worth today?

Last sold for AED 880,000 in 2022

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15 Mar 2022SoldReady
AED 880,000AED 925 per sqft
26 Dec 2017Sold by developerOff-plan
AED 1,077,562AED 1,133 per sqft

Source: Dubai Land Department. Updated 15 March 2022.

Key facts

Type
1-bed apartment
Size
951 sqft
Floor
2nd of 5
Parking
B-83
Developer
Union Properties
Completed
2018
Service charge
AED 14,000 /yr
Last sold
AED 880K · March 2022
Building
Oia Residence

About 229, Oia Residence

229 is a one-bedroom apartment of 951 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 15 March 2022 for AED 880,000, or AED 925 per sqft, 28% above the AED 724 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 229 over time

Sales
Unit 229, each saleTypical one-bed in Oia Residence
750K1M2017202020232026Typical sale price by year: 2017 AED 1,040,000; 2018 AED 1,020,000; 2020 AED 860,000; 2021 AED 977,360; 2022 AED 650,000; 2023 AED 950,000; 2024 AED 875,000; 2025 AED 1,005,000; 2026 AED 1,100,000Sold by developer, December 2017: AED 1,077,562 (AED 1,133 per sqft)Sold, March 2022: AED 880,000 (AED 925 per sqft)

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

Rents
Unit 229, each contractTypical one-bed in Oia Residence
60K80K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 69,500; 2020 AED 55,000; 2021 AED 55,000; 2022 AED 55,000; 2023 AED 64,683; 2024 AED 71,625; 2025 AED 80,000; 2026 AED 82,750

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Oia Residence, and where 229 sits

All 48 1-beds →

229 last sold in March 2022 at AED 925 per sqft, 28% above what one-beds in Oia Residence were fetching at the time (AED 724). Over the last 12 months one-beds sold for AED 975,000 to 1,215,000, around AED 1,237 per sqft, and rent for AED 60,000 to 165,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Nov 20261,020,000
26 Aug 2026975,000
14 May 20261,099,350
31 Mar 20261,100,000
8 1-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

229, Oia Residence in numbers

  • Sold twice: first on 26 December 2017 for AED 1,077,562, last on 15 March 2022 for AED 880,000 (AED 925 per sqft).
  • One-beds in Oia Residence sold for AED 975,000–1,215,000 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 15 March 2022.

Questions about 229, Oia Residence

What did unit 229 last sell for?

AED 880,000 on 15 March 2022: AED 925 per sqft for 951 sqft. The unit has 2 registered sales; the first was AED 1,077,562 in December 2017.

How big is unit 229?

951 sqft (88.4 sqm): a one-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 229 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oia Residence sold for AED 975,000 to 1,215,000 in the last 12 months, around AED 1,237 per sqft.

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Mortgage on 229, Oia Residence

Starts from the last sale price (AED 880K, 15 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 880,000
Deposit, UAE resident (20%)
AED 176,000
Deposit, non-resident (40%)
AED 352,000
Monthly over 25 years at 3.7%
AED 3,600

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