231, Oia Residence
Sold prices and rental history: sold twice, last in March 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 231, Oia Residence
What is 231 worth today?
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Source: Dubai Land Department. Updated 18 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 897 sqft
- Floor
- 2nd of 5
- Parking
- B-81
- Developer
- Union Properties
- Completed
- 2018
- Service charge
- AED 13,200 /yr
- Last sold
- AED 650K · March 2022
- Building
- Oia Residence
About 231, Oia Residence
231 is a one-bedroom apartment of 897 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 7 March 2022 for AED 650,000, or AED 724 per sqft, in line with the AED 724 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 18 August 2024, is AED 66,000 a year: a gross yield of 10.2% on the 2022 price, before the service charge of about AED 13,200 a year.
Sales and rents for 231 over time
231 has sold twice; the dashed line is the one-bed median of each year in the building.
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 231 sits
All 48 1-beds →231 last sold in March 2022 at AED 724 per sqft, in line with 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. 231's AED 66,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 864 sqft | 1,020,000 | 1,180 | ||
| 26 Aug 202626 August 2026 | 892 sqft | 975,000 | 1,092 | ||
| 14 May 202614 May 2026 | 1,222 sqft | 1,099,350 | 899 | ||
| 31 Mar 202631 March 2026 | 850 sqft | 1,100,000 | 1,294 |
Oia Residence
Building269 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%
Other units on the 2nd floor
All 269 units in Oia Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 2-bed | 2,353 sqft | AED 1.68MAED 1,675,000 · Oct 2022October 2022 | 89,486 /yr | |
| 202 | 2-bed | 1,417 sqft | AED 1.49MAED 1,488,000 · Feb 2026February 2026 | 140,000 /yr | |
| 203 | 2-bed | 1,407 sqft | AED 1.88MAED 1,880,000 · Apr 2025April 2025 | 137,000 /yr | |
| 204 | 2-bed | 1,413 sqft | AED 1.3MAED 1,296,960 · Sep 2024September 2024 | 120,000 /yr | |
| 205 | 2-bed | 1,796 sqft | AED 1.56MAED 1,557,935 · Aug 2021August 2021 | 160,000 /yr | |
| 206 | 2-bed | 1,430 sqft | AED 1.12MAED 1,120,000 · Oct 2022October 2022 | 110,000 /yr | |
| 207 | 2-bed | 1,363 sqft | AED 1.2MAED 1,200,000 · Feb 2023February 2023 | ||
| 208 | 2-bed | 1,399 sqft | AED 1.16MAED 1,162,325 · Dec 2020December 2020 | 100,000 /yr | |
| 209 | 1-bed | 924 sqft | AED 824KAED 824,000 · Dec 2022December 2022 | 107,500 /yr | |
| 210 | 1-bed | 1,045 sqft | AED 850KAED 850,000 · May 2022May 2022 | 75,000 /yr | |
| 211 | 1-bed | 1,222 sqft | AED 1.1MAED 1,099,350 · May 2026May 2026 | 50,000 /yr | |
| 212 | 1-bed | 906 sqft | AED 650KAED 650,000 · Mar 2022March 2022 | 86,000 /yr | |
| 213 | 1-bed | 923 sqft | AED 890KAED 889,800 · May 2024May 2024 | 83,000 /yr | |
| 214 | 2-bed | 1,803 sqft | AED 1.45MAED 1,447,773 · Jun 2022June 2022 | 155,000 /yr | |
| 215 | 1-bed | 928 sqft | AED 860KAED 860,000 · Mar 2024March 2024 | 95,000 /yr | |
| 216 | 1-bed | 909 sqft | AED 1MAED 1,000,000 · Aug 2025August 2025 | 79,572 /yr | |
| 217 | 3-bed | 2,089 sqft | AED 2.21MAED 2,207,990 · Apr 2017April 2017 | 190,000 /yr | |
| 218 | 3-bed | 2,072 sqft | AED 1.65MAED 1,648,000 · Dec 2022December 2022 | 139,612 /yr | |
| 219 | 2-bed | 2,331 sqft | AED 1.66MAED 1,655,404 · Jun 2023June 2023 | 88,754 /yr | |
| 220 | 2-bed | 1,748 sqft | AED 1.92MAED 1,922,272 · Dec 2024December 2024 | 100,000 /yr | |
| 221 | 2-bed | 1,518 sqft | AED 1.33MAED 1,326,652 · Aug 2020August 2020 | 132,665 /yr | |
| 222 | 1-bed | 1,211 sqft | AED 979KAED 978,785 · Mar 2022March 2022 | 90,000 /yr | |
| 223 | 2-bed | 2,023 sqft | AED 1.52MAED 1,519,250 · Dec 2022December 2022 | 185,000 /yr | |
| 224 | 2-bed | 1,685 sqft | AED 1.69MAED 1,685,000 · Oct 2025October 2025 | 155,000 /yr | |
| 225 | 2-bed | 1,625 sqft | AED 1.33MAED 1,334,180 · May 2021May 2021 | ||
| 226 | 1-bed | 897 sqft | AED 650KAED 650,000 · Mar 2022March 2022 | 48,000 /yr | |
| 227 | 2-bed | 1,365 sqft | AED 1.72MAED 1,720,000 · Oct 2025October 2025 | 132,000 /yr | |
| 228 | 1-bed | 930 sqft | AED 1.06MAED 1,058,391 · Jan 2018January 2018 | 85,000 /yr | |
| 229 | 1-bed | 951 sqft | AED 880KAED 880,000 · Mar 2022March 2022 | ||
| 230 | 2-bed | 1,369 sqft | AED 1.52MAED 1,518,531 · Dec 2017December 2017 | 80,000 /yr | |
| 232 | 2-bed | 1,616 sqft | AED 2.2MAED 2,196,700 · Oct 2026October 2026 | 110,000 /yr | |
| 233 | 2-bed | 1,691 sqft | AED 1.23MAED 1,225,000 · Sep 2022September 2022 | 90,257 /yr | |
| 234 | 2-bed | 2,038 sqft | AED 2.28MAED 2,275,000 · Jun 2025June 2025 | 170,000 /yr | |
| 235 | 1-bed | 1,215 sqft | AED 1.22MAED 1,215,000 · Feb 2026February 2026 | 85,000 /yr | |
| 236 | 2-bed | 1,517 sqft | AED 1.34MAED 1,339,420 · Nov 2021November 2021 | ||
| 237 | 2-bed | 1,716 sqft | AED 1.27MAED 1,274,000 · Nov 2022November 2022 | 200,000 /yr | |
| 238 | 2-bed | 2,339 sqft | AED 2.03MAED 2,029,282 · Aug 2021August 2021 | 95,000 /yr | |
| 239 | 2-bed | 2,337 sqft | AED 1.88MAED 1,875,000 · May 2024May 2024 | 88,543 /yr | |
| 240 | 2-bed | 1,417 sqft | AED 1.56MAED 1,558,700 · Oct 2025October 2025 | 130,000 /yr | |
| 241 | 2-bed | 1,407 sqft | AED 1.29MAED 1,294,850 · Oct 2020October 2020 | 130,000 /yr | |
| 242 | 2-bed | 1,413 sqft | AED 1.7MAED 1,700,000 · Sep 2025September 2025 | 100,000 /yr | |
| 243 | 2-bed | 1,796 sqft | AED 1.31MAED 1,310,000 · Jul 2022July 2022 | 91,800 /yr | |
| 244 | 2-bed | 1,430 sqft | AED 1.63MAED 1,631,000 · Jun 2026June 2026 | 93,700 /yr | |
| 245 | 2-bed | 1,421 sqft | AED 1.35MAED 1,348,050 · Oct 2021October 2021 | ||
| 246 | 2-bed | 1,392 sqft | AED 1.1MAED 1,100,000 · Oct 2022October 2022 | 120,000 /yr | |
| 247 | 1-bed | 924 sqft | AED 650KAED 650,000 · Mar 2022March 2022 | 54,600 /yr | |
| 248 | 1-bed | 892 sqft | AED 975KAED 975,000 · Aug 2026August 2026 | 60,000 /yr | |
| 249 | 2-bed | 1,793 sqft | AED 1.9MAED 1,900,000 · Jul 2026July 2026 | 106,500 /yr | |
| 250 | 2-bed | 1,427 sqft | AED 1.12MAED 1,120,000 · Jan 2023January 2023 | ||
| 251 | 2-bed | 1,805 sqft | AED 1.28MAED 1,275,000 · Jul 2022July 2022 | 165,000 /yr | |
| 252 | 2-bed | 1,391 sqft | AED 1.78MAED 1,780,000 · Nov 2024November 2024 | ||
| 253 | 3-bed | 2,072 sqft | AED 2.18MAED 2,175,303 · Apr 2017April 2017 | ||
| 254 | 3-bed | 2,088 sqft | AED 1.58MAED 1,580,351 · Aug 2020August 2020 | 135,000 /yr |
231, Oia Residence in numbers
- Sold twice: first on 25 December 2017 for AED 1,011,849, last on 7 March 2022 for AED 650,000 (AED 724 per sqft).
- Rented since September 2018 on 5 Ejari contracts. The rent fell from AED 70,000 to AED 55,000 in 2022 and recovered to AED 66,000 by August 2024.
- At AED 66,000 a year the gross yield on the 2022 price is 10.2%, before a service charge of about AED 13,200 a year (AED 14.76 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 18 August 2024.
Questions about 231, Oia Residence
What did unit 231 last sell for?
AED 650,000 on 7 March 2022: AED 724 per sqft for 897 sqft. The unit has 2 registered sales; the first was AED 1,011,849 in December 2017.
What is the rent for unit 231?
AED 66,000 a year on the contract renewed on 18 August 2024. The previous contract, from August 2023, was AED 66,000; the unit has been rented since September 2018.
How big is unit 231?
897 sqft (83.3 sqm): a one-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.
What is unit 231 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 231, Oia Residence
Starts from the last sale price (AED 650K, 7 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →