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2-bed · 1,672 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

445, Oia Residence

Sold prices and rental history: sold twice, last in July 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 445 · DLD and Ejari recordsUpdated 22 July 2024
Last soldAED 1.75M22 July 2024
Current rentAED 110K /yr10 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 445, Oia Residence

What is 445 worth today?

Last sold for AED 1,750,000 in 2024

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22 Jul 2024SoldReady
AED 1,750,000AED 1,046 per sqft
10 Nov 2023RentedRenewal
AED 110,000/yr12 months · AED 66 per sqft
10 Nov 2022RentedNew contract
AED 103,600/yr12 months · AED 62 per sqft
22 Aug 2022Sold by developerReady
AED 1,300,000AED 777 per sqft
10 Sep 2021RentedNew contract
AED 88,800/yr14 months · AED 53 per sqft

Source: Dubai Land Department. Updated 22 July 2024.

Key facts

Type
2-bed apartment
Size
1,672 sqft
Floor
4th of 5
Parking
B-55
Developer
Union Properties
Completed
2018
Service charge
AED 24,700 /yr
Last sold
AED 1.75M · July 2024
Building
Oia Residence

About 445, Oia Residence

445 is a two-bedroom apartment of 1,672 sqft on the 4th floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. It last sold on 22 July 2024 for AED 1,750,000, or AED 1,046 per sqft, in line with the AED 1,031 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 10 November 2023, is AED 110,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 24,700 a year.

Sales and rents for 445 over time

Sales
Unit 445, 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 2022: AED 1,300,000 (AED 777 per sqft)Sold, July 2024: AED 1,750,000 (AED 1,046 per sqft)

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

Rents
Unit 445, each contractTypical two-bed in Oia Residence
100K120K140K2018202120242027Typical 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 2021: AED 88,800 a yearNew contract, November 2022: AED 103,600 a yearRenewal, November 2023: AED 110,000 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 445 sits

All 134 2-beds →

445 last sold in July 2024 at AED 1,046 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 1,031). 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. 445's AED 110,000 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

445, Oia Residence in numbers

  • Sold twice: first on 22 August 2022 for AED 1,300,000, last on 22 July 2024 for AED 1,750,000 (AED 1,046 per sqft).
  • Rented since September 2021 on 3 Ejari contracts, from AED 88,800 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 24,700 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 22 July 2024.

Questions about 445, Oia Residence

What did unit 445 last sell for?

AED 1,750,000 on 22 July 2024: AED 1,046 per sqft for 1,672 sqft. The unit has 2 registered sales; the first was AED 1,300,000 in August 2022.

What is the rent for unit 445?

AED 110,000 a year on the contract renewed on 10 November 2023. The previous contract, from November 2022, was AED 103,600; the unit has been rented since September 2021.

How big is unit 445?

1,672 sqft (155.3 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 445 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 445, Oia Residence

Starts from the last sale price (AED 1.75M, 22 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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