Home
Dubai prices
About
Research
3-bed · 2,008 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

404, Oia Residence

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

Unit 404 · DLD and Ejari recordsUpdated 2 March 2022
Last soldAED 1.52M2 March 2022
Current rentAED 132K /yr1 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 404

Property timeline for 404, Oia Residence

What is 404 worth today?

Last sold for AED 1,523,297 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

2 Mar 2022Sold by developerReady
AED 1,523,297AED 758 per sqft
1 Jun 2019RentedNew contract
AED 132,000/yr13 months · AED 66 per sqft

Source: Dubai Land Department. Updated 2 March 2022.

Key facts

Type
3-bed apartment
Size
2,008 sqft
Floor
4th of 5
Parking
B-324, B-323
Developer
Union Properties
Completed
2018
Service charge
AED 29,600 /yr
Last sold
AED 1.52M · March 2022
Building
Oia Residence

About 404, Oia Residence

404 is a three-bedroom apartment of 2,008 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 2 March 2022 for AED 1,523,297, or AED 758 per sqft, 13% below the AED 867 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 June 2019. The current contract, signed on 1 June 2019, is AED 132,000 a year: a gross yield of 8.7% on the 2022 price, before the service charge of about AED 29,600 a year.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical three-bed in Oia Residence
1.5M2M2.5M2017202020232026Typical 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, March 2022: AED 1,523,297 (AED 758 per sqft)

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

Rents
Unit 404, 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 132,000 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 404 sits

All 67 3-beds →

404 last sold in March 2022 at AED 758 per sqft, 13% below what three-beds in Oia Residence were fetching at the time (AED 867). 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. 404's AED 132,000 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
4013-bedAED 825K · Oct 2022
4023-bedAED 1.6M · Dec 2022
4032-bedAED 1.62M · Jun 2020
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

404, Oia Residence in numbers

  • Sold once: by Union Properties on 2 March 2022 for AED 1,523,297, or AED 758 per sqft.
  • Rented since June 2019 on one Ejari contract, at AED 132,000 a year.
  • At AED 132,000 a year the gross yield on the 2022 price is 8.7%, before a service charge of about AED 29,600 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 2 March 2022.

Questions about 404, Oia Residence

What did unit 404 last sell for?

AED 1,523,297 on 2 March 2022, sold by the developer: AED 758 per sqft for 2,008 sqft. It is the only registered sale of the unit.

What is the rent for unit 404?

AED 132,000 a year on the contract signed on 1 June 2019.

How big is unit 404?

2,008 sqft (186.5 sqm): a three-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 404 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.

Selling 404? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 404, Oia Residence

Starts from the last sale price (AED 1.52M, 2 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,523,297
Deposit, UAE resident (20%)
AED 304,659
Deposit, non-resident (40%)
AED 609,319
Monthly over 25 years at 3.7%
AED 6,232

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