Home
Dubai prices
About
Research
2-bed · 1,852 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

427, Oia Residence

Sold prices and rental history: sold once, by the developer in August 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 427 · DLD and Ejari recordsUpdated 5 March 2023
Last soldAED 1.61M5 August 2021
Current rentAED 100K /yr5 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 427

Property timeline for 427, Oia Residence

What is 427 worth today?

Last sold for AED 1,606,861 in 2021

Unlock today's estimate, updated daily, with

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

5 Mar 2023RentedNew contract
AED 100,000/yr13 months · AED 54 per sqft
1 Apr 2022RentedRenewal
AED 102,000/yr12 months · AED 55 per sqft
5 Aug 2021Sold by developerReady
AED 1,606,861AED 867 per sqft
1 Apr 2021RentedRenewal
AED 115,500/yr12 months · AED 62 per sqft
1 Apr 2020RentedRenewal
AED 115,500/yr12 months · AED 62 per sqft
1 Mar 2019RentedNew contract
AED 115,500/yr13 months · AED 62 per sqft

Source: Dubai Land Department. Updated 5 March 2023.

Key facts

Type
2-bed apartment
Size
1,852 sqft
Floor
4th of 5
Parking
B-252
Developer
Union Properties
Completed
2018
Service charge
AED 27,300 /yr
Last sold
AED 1.61M · August 2021
Building
Oia Residence

About 427, Oia Residence

427 is a two-bedroom apartment of 1,852 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 5 August 2021 for AED 1,606,861, or AED 867 per sqft, in line with the AED 867 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 5 March 2023, is AED 100,000 a year: a gross yield of 6.2% on the 2021 price, before the service charge of about AED 27,300 a year.

Sales and rents for 427 over time

Sales
Unit 427, 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, August 2021: AED 1,606,861 (AED 867 per sqft)

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

Rents
Unit 427, 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, March 2019: AED 115,500 a yearRenewal, April 2020: AED 115,500 a yearRenewal, April 2021: AED 115,500 a yearRenewal, April 2022: AED 102,000 a yearNew contract, March 2023: 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 427 sits

All 134 2-beds →

427 last sold in August 2021 at AED 867 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. 427'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
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

427, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 1,606,861, or AED 867 per sqft.
  • Rented since March 2019 on 5 Ejari contracts, from AED 115,500 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 6.2%, before a service charge of about AED 27,300 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 5 March 2023.

Questions about 427, Oia Residence

What did unit 427 last sell for?

AED 1,606,861 on 5 August 2021, sold by the developer: AED 867 per sqft for 1,852 sqft. It is the only registered sale of the unit.

What is the rent for unit 427?

AED 100,000 a year on the contract signed on 5 March 2023. The previous contract, from April 2022, was AED 102,000; the unit has been rented since March 2019.

How big is unit 427?

1,852 sqft (172.1 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 427 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.

Selling 427? 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 427, Oia Residence

Starts from the last sale price (AED 1.61M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,606,861
Deposit, UAE resident (20%)
AED 321,372
Deposit, non-resident (40%)
AED 642,744
Monthly over 25 years at 3.7%
AED 6,574

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