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1-bed · 924 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

247, 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.

Unit 247 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 650K7 March 2022
Current rentAED 55K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 247, Oia Residence

What is 247 worth today?

Last sold for AED 650,000 in 2022

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1 Sep 2023RentedNew contract
AED 54,600/yr12 months · AED 59 per sqft
7 Mar 2022SoldReady
AED 650,000AED 703 per sqft
1 Sep 2020RentedNew contract
AED 48,000/yr12 months · AED 52 per sqft
15 Jan 2020RentedNew contract
AED 60,000/yr12 months · AED 65 per sqft
1 Nov 2018RentedNew contract
AED 70,000/yr12 months · AED 76 per sqft
25 Dec 2017Sold by developerOff-plan
AED 1,065,303AED 1,153 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
1-bed apartment
Size
924 sqft
Floor
2nd of 5
Parking
B-62
Developer
Union Properties
Completed
2018
Service charge
AED 13,600 /yr
Last sold
AED 650K · March 2022
Building
Oia Residence

About 247, Oia Residence

247 is a one-bedroom apartment of 924 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 703 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 4 Ejari contracts. The current contract, signed on 1 September 2023, is AED 54,600 a year: a gross yield of 8.4% on the 2022 price, before the service charge of about AED 13,600 a year.

Sales and rents for 247 over time

Sales
Unit 247, 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 1,065,303 (AED 1,153 per sqft)Sold, March 2022: AED 650,000 (AED 703 per sqft)

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

Rents
Unit 247, 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 82,750New contract, November 2018: AED 70,000 a yearNew contract, January 2020: AED 60,000 a yearNew contract, September 2020: AED 48,000 a yearNew contract, September 2023: AED 54,600 a year

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 247 sits

All 48 1-beds →

247 last sold in March 2022 at AED 703 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. 247's AED 54,600 is at the bottom of that range.

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

247, Oia Residence in numbers

  • Sold twice: first on 25 December 2017 for AED 1,065,303, last on 7 March 2022 for AED 650,000 (AED 703 per sqft).
  • Rented since November 2018 on 4 Ejari contracts. The rent fell from AED 70,000 to AED 48,000 in 2020 and recovered to AED 54,600 by September 2023.
  • At AED 54,600 a year the gross yield on the 2022 price is 8.4%, before a service charge of about AED 13,600 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 1 September 2023.

Questions about 247, Oia Residence

What did unit 247 last sell for?

AED 650,000 on 7 March 2022: AED 703 per sqft for 924 sqft. The unit has 2 registered sales; the first was AED 1,065,303 in December 2017.

What is the rent for unit 247?

AED 54,600 a year on the contract signed on 1 September 2023. The previous contract, from September 2020, was AED 48,000; the unit has been rented since November 2018.

How big is unit 247?

924 sqft (85.8 sqm): a one-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 247 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 247, 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 →