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2-bed · 1,796 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

243, Oia Residence

Sold prices and rental history: sold once, by the developer in July 2022, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 243 · DLD and Ejari recordsUpdated 19 July 2022
Last soldAED 1.31M19 July 2022
Current rentAED 92K /yr15 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 243, Oia Residence

What is 243 worth today?

Last sold for AED 1,310,000 in 2022

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19 Jul 2022Sold by developerReady
AED 1,310,000AED 729 per sqft
15 Nov 2021RentedNew contract
AED 91,800/yr14 months · AED 51 per sqft
1 Oct 2018RentedNew contract
AED 120,000/yr12 months · AED 67 per sqft

Source: Dubai Land Department. Updated 19 July 2022.

Key facts

Type
2-bed apartment
Size
1,796 sqft
Floor
2nd of 5
Parking
B-66
Developer
Union Properties
Completed
2018
Service charge
AED 26,500 /yr
Last sold
AED 1.31M · July 2022
Building
Oia Residence

About 243, Oia Residence

243 is a two-bedroom apartment of 1,796 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 19 July 2022 for AED 1,310,000, or AED 729 per sqft, 16% below the AED 867 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 15 November 2021, is AED 91,800 a year: a gross yield of 7.0% on the 2022 price, before the service charge of about AED 26,500 a year.

Sales and rents for 243 over time

Sales
Unit 243, 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, July 2022: AED 1,310,000 (AED 729 per sqft)

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

Rents
Unit 243, 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, October 2018: AED 120,000 a yearNew contract, November 2021: AED 91,800 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 243 sits

All 134 2-beds →

243 last sold in July 2022 at AED 729 per sqft, 16% below what two-beds in Oia Residence were fetching at the time (AED 867). 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. 243's AED 91,800 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

243, Oia Residence in numbers

  • Sold once: by Union Properties on 19 July 2022 for AED 1,310,000, or AED 729 per sqft.
  • Rented since October 2018 on 2 Ejari contracts, from AED 120,000 to AED 91,800 a year.
  • At AED 91,800 a year the gross yield on the 2022 price is 7.0%, before a service charge of about AED 26,500 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 19 July 2022.

Questions about 243, Oia Residence

What did unit 243 last sell for?

AED 1,310,000 on 19 July 2022, sold by the developer: AED 729 per sqft for 1,796 sqft. It is the only registered sale of the unit.

What is the rent for unit 243?

AED 91,800 a year on the contract signed on 15 November 2021. The previous contract, from October 2018, was AED 120,000.

How big is unit 243?

1,796 sqft (166.9 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 243 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 243, Oia Residence

Starts from the last sale price (AED 1.31M, 19 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,310,000
Deposit, UAE resident (20%)
AED 262,000
Deposit, non-resident (40%)
AED 524,000
Monthly over 25 years at 3.7%
AED 5,360

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