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3-bed · 2,088 sqftOia Residence, Uptown Motorcity · 2nd floor · completed 2018

254, Oia Residence

Sold prices and rental history: sold once, by the developer in August 2020, and rented once, from December 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 254 · DLD and Ejari recordsUpdated 5 August 2020
Last soldAED 1.58M5 August 2020
Current rentAED 135K /yr10 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 254, Oia Residence

What is 254 worth today?

Last sold for AED 1,580,351 in 2020

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5 Aug 2020Sold by developerReady
AED 1,580,351AED 756 per sqft
10 Dec 2018RentedNew contract
AED 135,000/yr13 months · AED 65 per sqft

Source: Dubai Land Department. Updated 5 August 2020.

Key facts

Type
3-bed apartment
Size
2,088 sqft
Floor
2nd of 5
Parking
B-23, B-24
Developer
Union Properties
Completed
2018
Service charge
AED 30,800 /yr
Last sold
AED 1.58M · August 2020
Building
Oia Residence

About 254, Oia Residence

254 is a three-bedroom apartment of 2,088 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 5 August 2020 for AED 1,580,351, or AED 756 per sqft.

One Ejari contract is registered, from 10 December 2018. The current contract, signed on 10 December 2018, is AED 135,000 a year: a gross yield of 8.5% on the 2020 price, before the service charge of about AED 30,800 a year.

Sales and rents for 254 over time

Sales
Unit 254, each saleTypical three-bed in Oia Residence
1.5M2M2.5M2017202020232026Typical sale price by year: 2017 AED 2,175,303; 2021 AED 2,026,385; 2022 AED 1,625,000; 2023 AED 1,746,526; 2024 AED 2,450,000; 2025 AED 2,185,500; 2026 AED 2,450,000Sold by developer, August 2020: AED 1,580,351 (AED 756 per sqft)

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

Rents
Unit 254, each contractTypical three-bed in Oia Residence
100K150K200K2018202120242027Typical rent by year: 2018 AED 135,000; 2019 AED 133,000; 2020 AED 124,100; 2021 AED 105,749; 2022 AED 115,000; 2023 AED 115,000; 2024 AED 135,500; 2025 AED 155,000; 2026 AED 190,529New contract, December 2018: AED 135,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Oia Residence, and where 254 sits

All 67 3-beds →

Over the last 12 months three-beds sold for AED 1,941,000 to 3,200,000, around AED 1,045 per sqft, and rent for AED 100,000 to 215,000 a year. 254's AED 135,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Oct 20262,490,000
20 Oct 20262,740,000
16 Sep 20262,320,000
26 Aug 20262,700,000
22 3-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

254, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2020 for AED 1,580,351, or AED 756 per sqft.
  • Rented since December 2018 on one Ejari contract, at AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2020 price is 8.5%, before a service charge of about AED 30,800 a year (AED 14.76 per sqft).
  • Three-beds in Oia Residence sold for AED 1,941,000–3,200,000 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 5 August 2020.

Questions about 254, Oia Residence

What did unit 254 last sell for?

AED 1,580,351 on 5 August 2020, sold by the developer: AED 756 per sqft for 2,088 sqft. It is the only registered sale of the unit.

What is the rent for unit 254?

AED 135,000 a year on the contract signed on 10 December 2018.

How big is unit 254?

2,088 sqft (194.0 sqm): a three-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2018.

What is unit 254 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oia Residence sold for AED 1,941,000 to 3,200,000 in the last 12 months, around AED 1,045 per sqft.

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Mortgage on 254, Oia Residence

Starts from the last sale price (AED 1.58M, 5 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,580,351
Deposit, UAE resident (20%)
AED 316,070
Deposit, non-resident (40%)
AED 632,140
Monthly over 25 years at 3.7%
AED 6,466

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