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2-bed · 1,430 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

342, Oia Residence

Sold prices and rental history: sold once, by the developer in December 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 342 · DLD and Ejari recordsUpdated 7 December 2022
Last soldAED 1.11M7 December 2022
Current rentAED 103K /yr1 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 342, Oia Residence

What is 342 worth today?

Last sold for AED 1,108,800 in 2022

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7 Dec 2022Sold by developerReady
AED 1,108,800AED 775 per sqft
1 Nov 2022RentedNew contract
AED 103,070/yr12 months · AED 72 per sqft
16 Jan 2019RentedNew contract
AED 96,923/yr13 months · AED 68 per sqft
16 Jan 2019RentedNew contract
AED 105,000/yr13 months · AED 73 per sqft

Source: Dubai Land Department. Updated 7 December 2022.

Key facts

Type
2-bed apartment
Size
1,430 sqft
Floor
3rd of 5
Parking
B-3
Developer
Union Properties
Completed
2018
Service charge
AED 21,100 /yr
Last sold
AED 1.11M · December 2022
Building
Oia Residence

About 342, Oia Residence

342 is a two-bedroom apartment of 1,430 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 7 December 2022 for AED 1,108,800, or AED 775 per sqft, in line with the AED 775 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 November 2022, is AED 103,070 a year: a gross yield of 9.3% on the 2022 price, before the service charge of about AED 21,100 a year.

Sales and rents for 342 over time

Sales
Unit 342, each saleTypical two-bed in Oia Residence
1M1.5M2M2017202020232026Typical 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, December 2022: AED 1,108,800 (AED 775 per sqft)

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

Rents
Unit 342, 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, January 2019: AED 96,923 a yearNew contract, January 2019: AED 105,000 a yearNew contract, November 2022: AED 103,070 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 342 sits

All 134 2-beds →

342 last sold in December 2022 at AED 775 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 775). 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. 342's AED 103,070 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

342, Oia Residence in numbers

  • Sold once: by Union Properties on 7 December 2022 for AED 1,108,800, or AED 775 per sqft.
  • Rented since January 2019 on 3 Ejari contracts, from AED 105,000 to AED 103,070 a year.
  • At AED 103,070 a year the gross yield on the 2022 price is 9.3%, before a service charge of about AED 21,100 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 7 December 2022.

Questions about 342, Oia Residence

What did unit 342 last sell for?

AED 1,108,800 on 7 December 2022, sold by the developer: AED 775 per sqft for 1,430 sqft. It is the only registered sale of the unit.

What is the rent for unit 342?

AED 103,070 a year on the contract signed on 1 November 2022. The previous contract, from January 2019, was AED 96,923; the unit has been rented since January 2019.

How big is unit 342?

1,430 sqft (132.9 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 342 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 342, Oia Residence

Starts from the last sale price (AED 1.11M, 7 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,108,800
Deposit, UAE resident (20%)
AED 221,760
Deposit, non-resident (40%)
AED 443,520
Monthly over 25 years at 3.7%
AED 4,536

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