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3-bed · 2,157 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

401, Oia Residence

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

Unit 401 · DLD and Ejari recordsUpdated 14 October 2022
Last soldAED 825K14 October 2022
Current rentAED 117K /yr25 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 401, Oia Residence

What is 401 worth today?

Last sold for AED 825,000 in 2022

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14 Oct 2022Sold by developerReady
AED 825,000AED 382 per sqft
25 Apr 2022RentedRenewal
AED 116,800/yr12 months · AED 54 per sqft
25 Feb 2021RentedNew contract
AED 108,771/yr14 months · AED 50 per sqft
16 Jun 2019RentedNew contract
AED 135,000/yr13 months · AED 63 per sqft

Source: Dubai Land Department. Updated 14 October 2022.

Key facts

Type
3-bed apartment
Size
2,157 sqft
Floor
4th of 5
Parking
B-287, B-288
Developer
Union Properties
Completed
2018
Service charge
AED 31,800 /yr
Last sold
AED 825K · October 2022
Building
Oia Residence

About 401, Oia Residence

401 is a three-bedroom apartment of 2,157 sqft on the 4th floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. The developer sold it on 14 October 2022 for AED 825,000, or AED 382 per sqft, 49% below the AED 749 three-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 25 April 2022, is AED 116,800 a year: a gross yield of 14.2% on the 2022 price, before the service charge of about AED 31,800 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical three-bed in Oia Residence
1M2M2017202020232026Typical sale price by year: 2017 AED 2,175,303; 2021 AED 2,026,385; 2022 AED 1,625,000; 2023 AED 1,746,526; 2024 AED 2,450,000; 2025 AED 2,185,500; 2026 AED 2,450,000Sold by developer, October 2022: AED 825,000 (AED 382 per sqft)

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

Rents
Unit 401, each contractTypical three-bed in Oia Residence
100K150K200K2018202120242027Typical rent by year: 2018 AED 135,000; 2019 AED 133,000; 2020 AED 124,100; 2021 AED 105,749; 2022 AED 115,000; 2023 AED 115,000; 2024 AED 135,500; 2025 AED 155,000; 2026 AED 190,529New contract, June 2019: AED 135,000 a yearNew contract, February 2021: AED 108,771 a yearRenewal, April 2022: AED 116,800 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Oia Residence, and where 401 sits

All 67 3-beds →

401 last sold in October 2022 at AED 382 per sqft, 49% below what three-beds in Oia Residence were fetching at the time (AED 749). Over the last 12 months three-beds sold for AED 1,941,000 to 3,200,000, around AED 1,045 per sqft, and rent for AED 100,000 to 215,000 a year. 401's AED 116,800 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Oct 20262,490,000
20 Oct 20262,740,000
16 Sep 20262,320,000
26 Aug 20262,700,000
22 3-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 4th floor

All 269 units in Oia Residence
Value
4023-bedAED 1.6M · Dec 2022
4032-bedAED 1.62M · Jun 2020
4043-bedAED 1.52M · Mar 2022
4052-bedAED 1.25M · May 2022
4062-bedAED 1.13M · Sep 2021
4071-bedAED 1.03M · May 2017
4081-bedAED 1.02M · Jan 2018
1–7 of 47

401, Oia Residence in numbers

  • Sold once: by Union Properties on 14 October 2022 for AED 825,000, or AED 382 per sqft.
  • Rented since June 2019 on 3 Ejari contracts, from AED 135,000 to AED 116,800 a year.
  • At AED 116,800 a year the gross yield on the 2022 price is 14.2%, before a service charge of about AED 31,800 a year (AED 14.76 per sqft).
  • Three-beds in Oia Residence sold for AED 1,941,000–3,200,000 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 14 October 2022.

Questions about 401, Oia Residence

What did unit 401 last sell for?

AED 825,000 on 14 October 2022, sold by the developer: AED 382 per sqft for 2,157 sqft. It is the only registered sale of the unit.

What is the rent for unit 401?

AED 116,800 a year on the contract renewed on 25 April 2022. The previous contract, from February 2021, was AED 108,771; the unit has been rented since June 2019.

How big is unit 401?

2,157 sqft (200.4 sqm): a three-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oia Residence sold for AED 1,941,000 to 3,200,000 in the last 12 months, around AED 1,045 per sqft.

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Mortgage on 401, Oia Residence

Starts from the last sale price (AED 825K, 14 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 825,000
Deposit, UAE resident (20%)
AED 165,000
Deposit, non-resident (40%)
AED 330,000
Monthly over 25 years at 3.7%
AED 3,375

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