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1-bed · 892 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

248, Oia Residence

Sold prices and rental history: sold twice, last in August 2026, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 248 · DLD and Ejari recordsUpdated 26 August 2026
Last soldAED 975K26 August 2026
Current rentAED 60K /yr20 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 248, Oia Residence

What is 248 worth today?

Last sold for AED 975,000 in 2026

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26 Aug 2026SoldReady
AED 975,000AED 1,092 per sqft
20 Feb 2026RentedNew contract
AED 60,000/yr12 months · AED 67 per sqft
9 Aug 2021Sold by developerReady
AED 839,400AED 940 per sqft
1 Oct 2018RentedNew contract
AED 70,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 26 August 2026.

Key facts

Type
1-bed apartment
Size
892 sqft
Floor
2nd of 5
Parking
B-61
Developer
Union Properties
Completed
2018
Service charge
AED 13,200 /yr
Last sold
AED 975K · August 2026
Building
Oia Residence

About 248, Oia Residence

248 is a one-bedroom apartment of 892 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 26 August 2026 for AED 975,000, or AED 1,092 per sqft, 12% below the AED 1,241 one-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 20 February 2026, is AED 60,000 a year: a gross yield of 6.2% on the 2026 price, before the service charge of about AED 13,200 a year.

Sales and rents for 248 over time

Sales
Unit 248, 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, August 2021: AED 839,400 (AED 940 per sqft)Sold, August 2026: AED 975,000 (AED 1,092 per sqft)

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

Rents
Unit 248, 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, October 2018: AED 70,000 a yearNew contract, February 2026: AED 60,000 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 248 sits

All 48 1-beds →

248 last sold in August 2026 at AED 1,092 per sqft, 12% below what one-beds in Oia Residence were fetching at the time (AED 1,241). 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. 248's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Nov 20261,020,000
14 May 20261,099,350
31 Mar 20261,100,000
11 Mar 20261,150,000
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

248, Oia Residence in numbers

  • Sold twice: first on 9 August 2021 for AED 839,400, last on 26 August 2026 for AED 975,000 (AED 1,092 per sqft).
  • Rented since October 2018 on 2 Ejari contracts, from AED 70,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2026 price is 6.2%, 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 26 August 2026.

Questions about 248, Oia Residence

What did unit 248 last sell for?

AED 975,000 on 26 August 2026: AED 1,092 per sqft for 892 sqft. The unit has 2 registered sales; the first was AED 839,400 in August 2021.

What is the rent for unit 248?

AED 60,000 a year on the contract signed on 20 February 2026. The previous contract, from October 2018, was AED 70,000.

How big is unit 248?

892 sqft (82.9 sqm): a one-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 248 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 248, Oia Residence

Starts from the last sale price (AED 975K, 26 August 2026). Switch to today's estimate once you have unlocked it.
Price
AED 975,000
Deposit, UAE resident (20%)
AED 195,000
Deposit, non-resident (40%)
AED 390,000
Monthly over 25 years at 3.7%
AED 3,989

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