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2-bed · 2,337 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

239, Oia Residence

Sold prices and rental history: sold once, by the developer in May 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 239 · DLD and Ejari recordsUpdated 16 May 2024
Last soldAED 1.88M16 May 2024
Current rentAED 89K /yr16 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 239, Oia Residence

What is 239 worth today?

Last sold for AED 1,875,000 in 2024

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16 May 2024Sold by developerReady
AED 1,875,000AED 802 per sqft
16 Dec 2021RentedNew contract
AED 88,543/yr14 months · AED 38 per sqft
25 Oct 2018RentedNew contract
AED 117,000/yr12 months · AED 50 per sqft

Source: Dubai Land Department. Updated 16 May 2024.

Key facts

Type
2-bed apartment
Size
2,337 sqft
Floor
2nd of 5
Parking
B-70
Developer
Union Properties
Completed
2018
Service charge
AED 34,500 /yr
Last sold
AED 1.88M · May 2024
Building
Oia Residence

About 239, Oia Residence

239 is a two-bedroom apartment of 2,337 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 16 May 2024 for AED 1,875,000, or AED 802 per sqft, in line with the AED 825 two-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 16 December 2021, is AED 88,543 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 34,500 a year.

Sales and rents for 239 over time

Sales
Unit 239, 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, May 2024: AED 1,875,000 (AED 802 per sqft)

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

Rents
Unit 239, each contractTypical two-bed in Oia Residence
100K120K140K2018202120242027Typical 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, October 2018: AED 117,000 a yearNew contract, December 2021: AED 88,543 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 239 sits

All 134 2-beds →

239 last sold in May 2024 at AED 802 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 825). 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. 239's AED 88,543 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

239, Oia Residence in numbers

  • Sold once: by Union Properties on 16 May 2024 for AED 1,875,000, or AED 802 per sqft.
  • Rented since October 2018 on 2 Ejari contracts, from AED 117,000 to AED 88,543 a year.
  • At AED 88,543 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 34,500 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 16 May 2024.

Questions about 239, Oia Residence

What did unit 239 last sell for?

AED 1,875,000 on 16 May 2024, sold by the developer: AED 802 per sqft for 2,337 sqft. It is the only registered sale of the unit.

What is the rent for unit 239?

AED 88,543 a year on the contract signed on 16 December 2021. The previous contract, from October 2018, was AED 117,000.

How big is unit 239?

2,337 sqft (217.1 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 239 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 239, Oia Residence

Starts from the last sale price (AED 1.88M, 16 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,875,000
Deposit, UAE resident (20%)
AED 375,000
Deposit, non-resident (40%)
AED 750,000
Monthly over 25 years at 3.7%
AED 7,671

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