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1-bed · 858 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

312, Oia Residence

Sold prices and rental history: sold once, by the developer in May 2017, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 20 July 2022
Last soldAED 1.06M10 May 2017
Current rentAED 55K /yr20 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, Oia Residence

What is 312 worth today?

Last sold for AED 1,055,762 in 2017

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20 Jul 2022RentedNew contract
AED 55,000/yr12 months · AED 64 per sqft
25 May 2020RentedNew contract
AED 50,000/yr12 months · AED 58 per sqft
10 May 2017Sold by developerOff-plan
AED 1,055,762AED 1,230 per sqft

Source: Dubai Land Department. Updated 20 July 2022.

Key facts

Type
1-bed apartment
Size
858 sqft
Floor
3rd of 5
Parking
B-351
Developer
Union Properties
Completed
2018
Service charge
AED 12,700 /yr
Last sold
AED 1.06M · May 2017
Building
Oia Residence

About 312, Oia Residence

312 is a one-bedroom apartment of 858 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 10 May 2017 for AED 1,055,762, or AED 1,230 per sqft, in line with the AED 1,231 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 20 July 2022, is AED 55,000 a year: a gross yield of 5.2% on the 2017 price, before the service charge of about AED 12,700 a year.

Sales and rents for 312 over time

Sales
Unit 312, 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 2017: AED 1,055,762 (AED 1,230 per sqft)

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

Rents
Unit 312, 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, May 2020: AED 50,000 a yearNew contract, July 2022: AED 55,000 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 312 sits

All 48 1-beds →

312 last sold in May 2017 at AED 1,230 per sqft, in line with what one-beds in Oia Residence were fetching at the time (AED 1,231). 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. 312's AED 55,000 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

312, Oia Residence in numbers

  • Sold once: by Union Properties on 10 May 2017 for AED 1,055,762, or AED 1,230 per sqft.
  • Rented since May 2020 on 2 Ejari contracts, from AED 50,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2017 price is 5.2%, before a service charge of about AED 12,700 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 20 July 2022.

Questions about 312, Oia Residence

What did unit 312 last sell for?

AED 1,055,762 on 10 May 2017, sold by the developer: AED 1,230 per sqft for 858 sqft. It is the only registered sale of the unit.

What is the rent for unit 312?

AED 55,000 a year on the contract signed on 20 July 2022. The previous contract, from May 2020, was AED 50,000.

How big is unit 312?

858 sqft (79.7 sqm): a one-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 312 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 312, Oia Residence

Starts from the last sale price (AED 1.06M, 10 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,055,762
Deposit, UAE resident (20%)
AED 211,152
Deposit, non-resident (40%)
AED 422,305
Monthly over 25 years at 3.7%
AED 4,319

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