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2-bed · 1,400 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

302, Oia Residence

Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 2 February 2025
Last soldAED 1.1M14 November 2022
Current rentAED 110K /yr2 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 302, Oia Residence

What is 302 worth today?

Last sold for AED 1,100,000 in 2022

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2 Feb 2025RentedNew contract
AED 110,000/yr12 months · AED 79 per sqft
2 Feb 2025RentedNew contract
AED 110,000/yr12 months · AED 79 per sqft
1 Feb 2024RentedNew contract
AED 109,349/yr12 months · AED 78 per sqft
1 Feb 2023RentedNew contract
AED 105,000/yr12 months · AED 75 per sqft
14 Nov 2022Sold by developerReady
AED 1,100,000AED 785 per sqft

Source: Dubai Land Department. Updated 2 February 2025.

Key facts

Type
2-bed apartment
Size
1,400 sqft
Floor
3rd of 5
Parking
B-118
Developer
Union Properties
Completed
2018
Service charge
AED 20,700 /yr
Last sold
AED 1.1M · November 2022
Building
Oia Residence

About 302, Oia Residence

302 is a two-bedroom apartment of 1,400 sqft on the 3rd floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. The developer sold it on 14 November 2022 for AED 1,100,000, or AED 785 per sqft, in line with the AED 781 two-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 2 February 2025, is AED 110,000 a year: a gross yield of 10.0% on the 2022 price, before the service charge of about AED 20,700 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical two-bed in Oia Residence
1M1.5M2M2017202020232026Typical 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, November 2022: AED 1,100,000 (AED 785 per sqft)

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

Rents
Unit 302, 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, February 2023: AED 105,000 a yearNew contract, February 2024: AED 109,349 a yearNew contract, February 2025: AED 110,000 a yearNew contract, February 2025: AED 110,000 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 302 sits

All 134 2-beds →

302 last sold in November 2022 at AED 785 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 781). 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. 302's AED 110,000 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 3rd floor

All 269 units in Oia Residence
Value
3012-bedAED 2.02M · Mar 2026
3032-bedAED 1.5M · Sep 2024
3042-bedAED 1.39M · Jul 2026
3052-bedAED 1.51M · Nov 2021
3062-bedAED 587K · Nov 2020
3072-bedAED 1.3M · Jun 2023
3082-bedAED 1.1M · Nov 2022
1–7 of 53

302, Oia Residence in numbers

  • Sold once: by Union Properties on 14 November 2022 for AED 1,100,000, or AED 785 per sqft.
  • Rented since February 2023 on 4 Ejari contracts, from AED 105,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2022 price is 10.0%, before a service charge of about AED 20,700 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 2 February 2025.

Questions about 302, Oia Residence

What did unit 302 last sell for?

AED 1,100,000 on 14 November 2022, sold by the developer: AED 785 per sqft for 1,400 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 110,000 a year on the contract signed on 2 February 2025. The previous contract, from February 2025, was AED 110,000; the unit has been rented since February 2023.

How big is unit 302?

1,400 sqft (130.1 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 302 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 302, Oia Residence

Starts from the last sale price (AED 1.1M, 14 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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