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2-bed · 1,346 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

406, Oia Residence

Sold prices and rental history: sold once, by the developer in September 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 12 September 2021
Last soldAED 1.13M12 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, Oia Residence

What is 406 worth today?

Last sold for AED 1,134,585 in 2021

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12 Sep 2021Sold by developerReady
AED 1,134,585AED 842 per sqft

Source: Dubai Land Department. Updated 12 September 2021.

Key facts

Type
2-bed apartment
Size
1,346 sqft
Floor
4th of 5
Parking
B-317
Developer
Union Properties
Completed
2018
Service charge
AED 19,900 /yr
Last sold
AED 1.13M · September 2021
Building
Oia Residence

About 406, Oia Residence

406 is a two-bedroom apartment of 1,346 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 12 September 2021 for AED 1,134,585, or AED 842 per sqft, in line with the AED 867 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 406 over time

Sales
Unit 406, 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, September 2021: AED 1,134,585 (AED 842 per sqft)

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

Rents
Unit 406, 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 132,500

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 406 sits

All 134 2-beds →

406 last sold in September 2021 at AED 842 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 867). 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.

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
4032-bedAED 1.62M · Jun 2020
4043-bedAED 1.52M · Mar 2022
4052-bedAED 1.25M · May 2022
4071-bedAED 1.03M · May 2017
4081-bedAED 1.02M · Jan 2018
1–7 of 47

406, Oia Residence in numbers

  • Sold once: by Union Properties on 12 September 2021 for AED 1,134,585, or AED 842 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 12 September 2021.

Questions about 406, Oia Residence

What did unit 406 last sell for?

AED 1,134,585 on 12 September 2021, sold by the developer: AED 842 per sqft for 1,346 sqft. It is the only registered sale of the unit.

How big is unit 406?

1,346 sqft (125.0 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 406 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 406, Oia Residence

Starts from the last sale price (AED 1.13M, 12 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,134,585
Deposit, UAE resident (20%)
AED 226,917
Deposit, non-resident (40%)
AED 453,834
Monthly over 25 years at 3.7%
AED 4,642

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