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2-bed · 1,913 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

318, Oia Residence

Sold prices and rental history: sold once, by the developer in January 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 318 · DLD and Ejari recordsUpdated 12 January 2024
Last soldAED 1.58M12 January 2024
Current rentAED 86K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 318, Oia Residence

What is 318 worth today?

Last sold for AED 1,578,118 in 2024

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12 Jan 2024Sold by developerReady
AED 1,578,118AED 825 per sqft
1 Feb 2022RentedNew contract
AED 86,229/yr14 months · AED 45 per sqft
21 Mar 2019RentedNew contract
AED 114,000/yr13 months · AED 60 per sqft

Source: Dubai Land Department. Updated 12 January 2024.

Key facts

Type
2-bed apartment
Size
1,913 sqft
Floor
3rd of 5
Parking
B-345
Developer
Union Properties
Completed
2018
Service charge
AED 28,200 /yr
Last sold
AED 1.58M · January 2024
Building
Oia Residence

About 318, Oia Residence

318 is a two-bedroom apartment of 1,913 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 12 January 2024 for AED 1,578,118, or AED 825 per sqft, in line with the AED 802 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 1 February 2022, is AED 86,229 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 28,200 a year.

Sales and rents for 318 over time

Sales
Unit 318, 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, January 2024: AED 1,578,118 (AED 825 per sqft)

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

Rents
Unit 318, each contractTypical two-bed in Oia Residence
100K125K2018202120242027Typical 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, March 2019: AED 114,000 a yearNew contract, February 2022: AED 86,229 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 318 sits

All 134 2-beds →

318 last sold in January 2024 at AED 825 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 802). 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. 318's AED 86,229 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
3052-bedAED 1.51M · Nov 2021
3062-bedAED 587K · Nov 2020
3072-bedAED 1.3M · Jun 2023
1–7 of 53

318, Oia Residence in numbers

  • Sold once: by Union Properties on 12 January 2024 for AED 1,578,118, or AED 825 per sqft.
  • Rented since March 2019 on 2 Ejari contracts, from AED 114,000 to AED 86,229 a year.
  • At AED 86,229 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 28,200 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 12 January 2024.

Questions about 318, Oia Residence

What did unit 318 last sell for?

AED 1,578,118 on 12 January 2024, sold by the developer: AED 825 per sqft for 1,913 sqft. It is the only registered sale of the unit.

What is the rent for unit 318?

AED 86,229 a year on the contract signed on 1 February 2022. The previous contract, from March 2019, was AED 114,000.

How big is unit 318?

1,913 sqft (177.7 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 318 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 318, Oia Residence

Starts from the last sale price (AED 1.58M, 12 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,578,118
Deposit, UAE resident (20%)
AED 315,624
Deposit, non-resident (40%)
AED 631,247
Monthly over 25 years at 3.7%
AED 6,457

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