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1-bed · 1,070 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

311, Oia Residence

Sold prices and rental history: sold 3 times, last in November 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 26 November 2024
Last soldAED 1.03M26 November 2024
Current rentAED 57K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 311, Oia Residence

What is 311 worth today?

Last sold for AED 1,030,000 in 2024

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26 Nov 2024SoldReady
AED 1,030,000AED 963 per sqft
1 Nov 2023RentedRenewal
AED 57,250/yr12 months · AED 54 per sqft
1 Nov 2022RentedNew contract
AED 55,000/yr12 months · AED 52 per sqft
6 Apr 2022SoldReady
AED 656,300AED 613 per sqft
1 Nov 2021RentedNew contract
AED 55,000/yr12 months · AED 52 per sqft
20 Jul 2020RentedNew contract
AED 53,000/yr12 months · AED 50 per sqft
12 May 2020Sold by developerReady
AED 937,555AED 876 per sqft
12 Nov 2018RentedNew contract
AED 76,500/yr13 months · AED 72 per sqft

Source: Dubai Land Department. Updated 26 November 2024.

Key facts

Type
1-bed apartment
Size
1,070 sqft
Floor
3rd of 5
Parking
B-352
Developer
Union Properties
Completed
2018
Service charge
AED 15,800 /yr
Last sold
AED 1.03M · November 2024
Building
Oia Residence

About 311, Oia Residence

311 is a one-bedroom apartment of 1,070 sqft on the 3rd floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. It last sold on 26 November 2024 for AED 1,030,000, or AED 963 per sqft, in line with the AED 980 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 57,250 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 15,800 a year.

Sales and rents for 311 over time

Sales
Unit 311, 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, May 2020: AED 937,555 (AED 876 per sqft)Sold, April 2022: AED 656,300 (AED 613 per sqft)Sold, November 2024: AED 1,030,000 (AED 963 per sqft)

311 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 311, 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, November 2018: AED 76,500 a yearNew contract, November 2018: AED 70,615 a yearNew contract, July 2020: AED 53,000 a yearNew contract, November 2021: AED 55,000 a yearNew contract, November 2022: AED 55,000 a yearRenewal, November 2023: AED 57,250 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 311 sits

All 48 1-beds →

311 last sold in November 2024 at AED 963 per sqft, in line with what one-beds in Oia Residence were fetching at the time (AED 980). 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. 311's AED 57,250 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Nov 20261,020,000
26 Aug 2026975,000
14 May 20261,099,350
31 Mar 20261,100,000
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 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
3052-bedAED 1.51M · Nov 2021
3062-bedAED 587K · Nov 2020
3072-bedAED 1.3M · Jun 2023
1–7 of 53

311, Oia Residence in numbers

  • Sold 3 times: first on 12 May 2020 for AED 937,555, last on 26 November 2024 for AED 1,030,000 (AED 963 per sqft).
  • Rented since November 2018 on 6 Ejari contracts, from AED 70,615 to AED 57,250 a year.
  • At AED 57,250 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 15,800 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 November 2024.

Questions about 311, Oia Residence

What did unit 311 last sell for?

AED 1,030,000 on 26 November 2024: AED 963 per sqft for 1,070 sqft. The unit has 3 registered sales; the first was AED 937,555 in May 2020.

What is the rent for unit 311?

AED 57,250 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 55,000; the unit has been rented since November 2018.

How big is unit 311?

1,070 sqft (99.4 sqm): a one-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 311 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 311, Oia Residence

Starts from the last sale price (AED 1.03M, 26 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,030,000
Deposit, UAE resident (20%)
AED 206,000
Deposit, non-resident (40%)
AED 412,000
Monthly over 25 years at 3.7%
AED 4,214

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