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2-bed · 1,416 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

424, Oia Residence

Sold prices and rental history: sold once, by the developer in August 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 424 · DLD and Ejari recordsUpdated 8 August 2022
Last soldAED 1.08M8 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 424, Oia Residence

What is 424 worth today?

Last sold for AED 1,075,000 in 2022

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8 Aug 2022Sold by developerReady
AED 1,075,000AED 759 per sqft

Source: Dubai Land Department. Updated 8 August 2022.

Key facts

Type
2-bed apartment
Size
1,416 sqft
Floor
4th of 5
Parking
B-255
Developer
Union Properties
Completed
2018
Service charge
AED 20,900 /yr
Last sold
AED 1.08M · August 2022
Building
Oia Residence

About 424, Oia Residence

424 is a two-bedroom apartment of 1,416 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 8 August 2022 for AED 1,075,000, or AED 759 per sqft, 11% below the AED 855 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 424 over time

Sales
Unit 424, 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, August 2022: AED 1,075,000 (AED 759 per sqft)

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

Rents
Unit 424, 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 424 sits

All 134 2-beds →

424 last sold in August 2022 at AED 759 per sqft, 11% below what two-beds in Oia Residence were fetching at the time (AED 855). 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
4062-bedAED 1.13M · Sep 2021
4071-bedAED 1.03M · May 2017
1–7 of 47

424, Oia Residence in numbers

  • Sold once: by Union Properties on 8 August 2022 for AED 1,075,000, or AED 759 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 8 August 2022.

Questions about 424, Oia Residence

What did unit 424 last sell for?

AED 1,075,000 on 8 August 2022, sold by the developer: AED 759 per sqft for 1,416 sqft. It is the only registered sale of the unit.

How big is unit 424?

1,416 sqft (131.6 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 424 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 424, Oia Residence

Starts from the last sale price (AED 1.08M, 8 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,075,000
Deposit, UAE resident (20%)
AED 215,000
Deposit, non-resident (40%)
AED 430,000
Monthly over 25 years at 3.7%
AED 4,398

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