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2-bed · 1,681 sqftOia Residence, Uptown Motorcity · 3rd floor · completed 2018

343, Oia Residence

Sold prices and rental history: sold once, by the developer in May 2020, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 343 · DLD and Ejari recordsUpdated 6 May 2020
Last soldAED 1.61M6 May 2020
Current rentAED 80K /yr12 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 343, Oia Residence

What is 343 worth today?

Last sold for AED 1,608,840 in 2020

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6 May 2020Sold by developerReady
AED 1,608,840AED 957 per sqft
12 Mar 2020RentedNew contract
AED 80,000/yr12 months · AED 48 per sqft
20 Jan 2019RentedNew contract
AED 118,000/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 6 May 2020.

Key facts

Type
2-bed apartment
Size
1,681 sqft
Floor
3rd of 5
Parking
B-4 1
Developer
Union Properties
Completed
2018
Service charge
AED 24,800 /yr
Last sold
AED 1.61M · May 2020
Building
Oia Residence

About 343, Oia Residence

343 is a two-bedroom apartment of 1,681 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 6 May 2020 for AED 1,608,840, or AED 957 per sqft, in line with the AED 976 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 12 March 2020, is AED 80,000 a year: a gross yield of 5.0% on the 2020 price, before the service charge of about AED 24,800 a year.

Sales and rents for 343 over time

Sales
Unit 343, 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, May 2020: AED 1,608,840 (AED 957 per sqft)

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

Rents
Unit 343, each contractTypical two-bed in Oia Residence
75K100K125K2018202120242027Typical 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 118,000 a yearNew contract, March 2020: AED 80,000 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 343 sits

All 134 2-beds →

343 last sold in May 2020 at AED 957 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 976). 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. 343's AED 80,000 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

343, Oia Residence in numbers

  • Sold once: by Union Properties on 6 May 2020 for AED 1,608,840, or AED 957 per sqft.
  • Rented since January 2019 on 2 Ejari contracts, from AED 118,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2020 price is 5.0%, before a service charge of about AED 24,800 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 6 May 2020.

Questions about 343, Oia Residence

What did unit 343 last sell for?

AED 1,608,840 on 6 May 2020, sold by the developer: AED 957 per sqft for 1,681 sqft. It is the only registered sale of the unit.

What is the rent for unit 343?

AED 80,000 a year on the contract signed on 12 March 2020. The previous contract, from January 2019, was AED 118,000.

How big is unit 343?

1,681 sqft (156.2 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2018.

What is unit 343 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 343, Oia Residence

Starts from the last sale price (AED 1.61M, 6 May 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,608,840
Deposit, UAE resident (20%)
AED 321,768
Deposit, non-resident (40%)
AED 643,536
Monthly over 25 years at 3.7%
AED 6,582

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