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2-bed · 1,805 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

251, Oia Residence

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

Unit 251 · DLD and Ejari recordsUpdated 7 April 2025
Last soldAED 1.28M7 July 2022
Current rentAED 165K /yr7 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 251, Oia Residence

What is 251 worth today?

Last sold for AED 1,275,000 in 2022

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7 Apr 2025RentedNew contract
AED 165,000/yr12 months · AED 91 per sqft
7 Apr 2025RentedNew contract
AED 165,000/yr12 months · AED 91 per sqft
7 Jan 2024RentedNew contract
AED 105,900/yr10 months · AED 59 per sqft
7 Jul 2022Sold by developerReady
AED 1,275,000AED 706 per sqft
7 Nov 2021RentedNew contract
AED 90,771/yr14 months · AED 50 per sqft
4 Nov 2018RentedNew contract
AED 120,000/yr12 months · AED 66 per sqft
4 Nov 2018RentedNew contract
AED 60,000/yr24 months · AED 33 per sqft

Source: Dubai Land Department. Updated 7 April 2025.

Key facts

Type
2-bed apartment
Size
1,805 sqft
Floor
2nd of 5
Parking
B-08
Developer
Union Properties
Completed
2018
Service charge
AED 26,600 /yr
Last sold
AED 1.28M · July 2022
Building
Oia Residence

About 251, Oia Residence

251 is a two-bedroom apartment of 1,805 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 7 July 2022 for AED 1,275,000, or AED 706 per sqft, 19% below the AED 867 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 7 April 2025, is AED 165,000 a year: a gross yield of 12.9% on the 2022 price, before the service charge of about AED 26,600 a year.

Sales and rents for 251 over time

Sales
Unit 251, 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 1,275,000 (AED 706 per sqft)

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

Rents
Unit 251, each contractTypical two-bed in Oia Residence
50K100K150K2018202120242027Typical 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, November 2018: AED 120,000 a yearNew contract, November 2018: AED 60,000 a yearNew contract, November 2021: AED 90,771 a yearNew contract, January 2024: AED 105,900 a yearNew contract, April 2025: AED 165,000 a yearNew contract, April 2025: AED 165,000 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 251 sits

All 134 2-beds →

251 last sold in July 2022 at AED 706 per sqft, 19% 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. 251's AED 165,000 is in the upper 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

251, Oia Residence in numbers

  • Sold once: by Union Properties on 7 July 2022 for AED 1,275,000, or AED 706 per sqft.
  • Rented since November 2018 on 6 Ejari contracts, from AED 60,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2022 price is 12.9%, before a service charge of about AED 26,600 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 7 April 2025.

Questions about 251, Oia Residence

What did unit 251 last sell for?

AED 1,275,000 on 7 July 2022, sold by the developer: AED 706 per sqft for 1,805 sqft. It is the only registered sale of the unit.

What is the rent for unit 251?

AED 165,000 a year on the contract signed on 7 April 2025. The previous contract, from April 2025, was AED 165,000; the unit has been rented since November 2018.

How big is unit 251?

1,805 sqft (167.7 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 251 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 251, Oia Residence

Starts from the last sale price (AED 1.28M, 7 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

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