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2-bed · 1,772 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

403, Oia Residence

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

Unit 403 · DLD and Ejari recordsUpdated 25 June 2020
Last soldAED 1.62M25 June 2020
Current rentAED 100K /yr9 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 403, Oia Residence

What is 403 worth today?

Last sold for AED 1,615,870 in 2020

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25 Jun 2020Sold by developerReady
AED 1,615,870AED 911 per sqft
9 Sep 2019RentedNew contract
AED 100,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 25 June 2020.

Key facts

Type
2-bed apartment
Size
1,772 sqft
Floor
4th of 5
Parking
B-302 1
Developer
Union Properties
Completed
2018
Service charge
AED 26,200 /yr
Last sold
AED 1.62M · June 2020
Building
Oia Residence

About 403, Oia Residence

403 is a two-bedroom apartment of 1,772 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 25 June 2020 for AED 1,615,870, or AED 911 per sqft, 6% below the AED 967 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 9 September 2019. The current contract, signed on 9 September 2019, is AED 100,000 a year: a gross yield of 6.2% on the 2020 price, before the service charge of about AED 26,200 a year.

Sales and rents for 403 over time

Sales
Unit 403, 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, June 2020: AED 1,615,870 (AED 911 per sqft)

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

Rents
Unit 403, 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, September 2019: AED 100,000 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 403 sits

All 134 2-beds →

403 last sold in June 2020 at AED 911 per sqft, 6% below what two-beds in Oia Residence were fetching at the time (AED 967). 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. 403's AED 100,000 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 4th floor

All 269 units in Oia Residence
Value
4013-bedAED 825K · Oct 2022
4023-bedAED 1.6M · Dec 2022
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

403, Oia Residence in numbers

  • Sold once: by Union Properties on 25 June 2020 for AED 1,615,870, or AED 911 per sqft.
  • Rented since September 2019 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2020 price is 6.2%, before a service charge of about AED 26,200 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 25 June 2020.

Questions about 403, Oia Residence

What did unit 403 last sell for?

AED 1,615,870 on 25 June 2020, sold by the developer: AED 911 per sqft for 1,772 sqft. It is the only registered sale of the unit.

What is the rent for unit 403?

AED 100,000 a year on the contract signed on 9 September 2019.

How big is unit 403?

1,772 sqft (164.6 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 403 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 403, Oia Residence

Starts from the last sale price (AED 1.62M, 25 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,615,870
Deposit, UAE resident (20%)
AED 323,174
Deposit, non-resident (40%)
AED 646,348
Monthly over 25 years at 3.7%
AED 6,611

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