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2-bed · 1,369 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

230, Oia Residence

Sold prices and rental history: sold once, by the developer in December 2017, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 230 · DLD and Ejari recordsUpdated 13 October 2021
Last soldAED 1.52M26 December 2017
Current rentAED 80K /yr13 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 230, Oia Residence

What is 230 worth today?

Last sold for AED 1,518,531 in 2017

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13 Oct 2021RentedRenewal
AED 80,000/yr12 months · AED 59 per sqft
13 Oct 2020RentedNew contract
AED 80,000/yr12 months · AED 59 per sqft
28 Nov 2018RentedNew contract
AED 95,000/yr12 months · AED 69 per sqft
26 Dec 2017Sold by developerOff-plan
AED 1,518,531AED 1,109 per sqft

Source: Dubai Land Department. Updated 13 October 2021.

Key facts

Type
2-bed apartment
Size
1,369 sqft
Floor
2nd of 5
Parking
B-82
Developer
Union Properties
Completed
2018
Service charge
AED 20,200 /yr
Last sold
AED 1.52M · December 2017
Building
Oia Residence

About 230, Oia Residence

230 is a two-bedroom apartment of 1,369 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 26 December 2017 for AED 1,518,531, or AED 1,109 per sqft, in line with the AED 1,084 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 13 October 2021, is AED 80,000 a year: a gross yield of 5.3% on the 2017 price, before the service charge of about AED 20,200 a year.

Sales and rents for 230 over time

Sales
Unit 230, 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 2017: AED 1,518,531 (AED 1,109 per sqft)

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

Rents
Unit 230, each contractTypical two-bed in Oia Residence
75K100K125K2018202120242027Typical 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 95,000 a yearNew contract, October 2020: AED 80,000 a yearRenewal, October 2021: AED 80,000 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 230 sits

All 134 2-beds →

230 last sold in December 2017 at AED 1,109 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 1,084). 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. 230's AED 80,000 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

230, Oia Residence in numbers

  • Sold once: by Union Properties on 26 December 2017 for AED 1,518,531, or AED 1,109 per sqft.
  • Rented since November 2018 on 3 Ejari contracts, from AED 95,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2017 price is 5.3%, before a service charge of about AED 20,200 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 October 2021.

Questions about 230, Oia Residence

What did unit 230 last sell for?

AED 1,518,531 on 26 December 2017, sold by the developer: AED 1,109 per sqft for 1,369 sqft. It is the only registered sale of the unit.

What is the rent for unit 230?

AED 80,000 a year on the contract renewed on 13 October 2021. The previous contract, from October 2020, was AED 80,000; the unit has been rented since November 2018.

How big is unit 230?

1,369 sqft (127.2 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 230 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 230, Oia Residence

Starts from the last sale price (AED 1.52M, 26 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,518,531
Deposit, UAE resident (20%)
AED 303,706
Deposit, non-resident (40%)
AED 607,412
Monthly over 25 years at 3.7%
AED 6,213

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