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2-bed · 1,645 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

324, Oia Residence

Sold prices and rental history: sold once, by the developer in April 2017, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 324 · DLD and Ejari recordsUpdated 20 January 2024
Last soldAED 1.77M24 April 2017
Current rentAED 135K /yr20 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 324, Oia Residence

What is 324 worth today?

Last sold for AED 1,772,871 in 2017

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20 Jan 2024RentedNew contract
AED 135,000/yr12 months · AED 82 per sqft
17 Oct 2020RentedNew contract
AED 92,000/yr12 months · AED 56 per sqft
25 Aug 2018RentedNew contract
AED 120,000/yr12 months · AED 73 per sqft
24 Apr 2017Sold by developerOff-plan
AED 1,772,871AED 1,078 per sqft

Source: Dubai Land Department. Updated 20 January 2024.

Key facts

Type
2-bed apartment
Size
1,645 sqft
Floor
3rd of 5
Parking
B-277, B-278
Developer
Union Properties
Completed
2018
Service charge
AED 24,300 /yr
Last sold
AED 1.77M · April 2017
Building
Oia Residence

About 324, Oia Residence

324 is a two-bedroom apartment of 1,645 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 24 April 2017 for AED 1,772,871, or AED 1,078 per sqft, in line with the AED 1,081 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 20 January 2024, is AED 135,000 a year: a gross yield of 7.6% on the 2017 price, before the service charge of about AED 24,300 a year.

Sales and rents for 324 over time

Sales
Unit 324, 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, April 2017: AED 1,772,871 (AED 1,078 per sqft)

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

Rents
Unit 324, each contractTypical two-bed in Oia Residence
100K120K140K2018202120242027Typical 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 2018: AED 120,000 a yearNew contract, October 2020: AED 92,000 a yearNew contract, January 2024: AED 135,000 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 324 sits

All 134 2-beds →

324 last sold in April 2017 at AED 1,078 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 1,081). 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. 324's AED 135,000 is in the upper 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

324, Oia Residence in numbers

  • Sold once: by Union Properties on 24 April 2017 for AED 1,772,871, or AED 1,078 per sqft.
  • Rented since August 2018 on 3 Ejari contracts. The rent fell from AED 120,000 to AED 92,000 in 2020 and recovered to AED 135,000 by January 2024.
  • At AED 135,000 a year the gross yield on the 2017 price is 7.6%, before a service charge of about AED 24,300 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 20 January 2024.

Questions about 324, Oia Residence

What did unit 324 last sell for?

AED 1,772,871 on 24 April 2017, sold by the developer: AED 1,078 per sqft for 1,645 sqft. It is the only registered sale of the unit.

What is the rent for unit 324?

AED 135,000 a year on the contract signed on 20 January 2024. The previous contract, from October 2020, was AED 92,000; the unit has been rented since August 2018.

How big is unit 324?

1,645 sqft (152.8 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 324 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 324, Oia Residence

Starts from the last sale price (AED 1.77M, 24 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,772,871
Deposit, UAE resident (20%)
AED 354,574
Deposit, non-resident (40%)
AED 709,148
Monthly over 25 years at 3.7%
AED 7,253

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