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2-bed · 1,680 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

305, Oia Residence

Sold prices and rental history: sold once, by the developer in November 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 16 November 2021
Last soldAED 1.51M16 November 2021
Current rentAED 106K /yr13 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 305, Oia Residence

What is 305 worth today?

Last sold for AED 1,505,553 in 2021

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16 Nov 2021Sold by developerReady
AED 1,505,553AED 895 per sqft
13 Oct 2021RentedNew contract
AED 105,593/yr12 months · AED 63 per sqft
25 Aug 2019RentedNew contract
AED 114,000/yr13 months · AED 68 per sqft

Source: Dubai Land Department. Updated 16 November 2021.

Key facts

Type
2-bed apartment
Size
1,680 sqft
Floor
3rd of 5
Parking
B-311
Developer
Union Properties
Completed
2018
Service charge
AED 24,800 /yr
Last sold
AED 1.51M · November 2021
Building
Oia Residence

About 305, Oia Residence

305 is a two-bedroom apartment of 1,680 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 16 November 2021 for AED 1,505,553, or AED 895 per sqft, 3% above the AED 867 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 13 October 2021, is AED 105,593 a year: a gross yield of 7.0% on the 2021 price, before the service charge of about AED 24,800 a year.

Sales and rents for 305 over time

Sales
Unit 305, 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, November 2021: AED 1,505,553 (AED 895 per sqft)

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

Rents
Unit 305, 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, August 2019: AED 114,000 a yearNew contract, October 2021: AED 105,593 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 305 sits

All 134 2-beds →

305 last sold in November 2021 at AED 895 per sqft, 3% above 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. 305's AED 105,593 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
3022-bedAED 1.1M · Nov 2022
3032-bedAED 1.5M · Sep 2024
3042-bedAED 1.39M · Jul 2026
3062-bedAED 587K · Nov 2020
3072-bedAED 1.3M · Jun 2023
3082-bedAED 1.1M · Nov 2022
1–7 of 53

305, Oia Residence in numbers

  • Sold once: by Union Properties on 16 November 2021 for AED 1,505,553, or AED 895 per sqft.
  • Rented since August 2019 on 2 Ejari contracts, from AED 114,000 to AED 105,593 a year.
  • At AED 105,593 a year the gross yield on the 2021 price is 7.0%, before a service charge of about AED 24,800 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 16 November 2021.

Questions about 305, Oia Residence

What did unit 305 last sell for?

AED 1,505,553 on 16 November 2021, sold by the developer: AED 895 per sqft for 1,680 sqft. It is the only registered sale of the unit.

What is the rent for unit 305?

AED 105,593 a year on the contract signed on 13 October 2021. The previous contract, from August 2019, was AED 114,000.

How big is unit 305?

1,680 sqft (156.1 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 305 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 305, Oia Residence

Starts from the last sale price (AED 1.51M, 16 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,505,553
Deposit, UAE resident (20%)
AED 301,111
Deposit, non-resident (40%)
AED 602,221
Monthly over 25 years at 3.7%
AED 6,160

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