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2-bed · 1,902 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

447, Oia Residence

Sold prices and rental history: sold once, by the developer in February 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 447 · DLD and Ejari recordsUpdated 17 February 2023
Last soldAED 1.35M17 February 2023
Current rentAED 115K /yr26 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 447, Oia Residence

What is 447 worth today?

Last sold for AED 1,350,000 in 2023

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17 Feb 2023Sold by developerReady
AED 1,350,000AED 709 per sqft
26 Mar 2020RentedRenewal
AED 115,200/yr12 months · AED 61 per sqft
26 Feb 2019RentedNew contract
AED 120,000/yr13 months · AED 63 per sqft

Source: Dubai Land Department. Updated 17 February 2023.

Key facts

Type
2-bed apartment
Size
1,902 sqft
Floor
4th of 5
Parking
B-57
Developer
Union Properties
Completed
2018
Service charge
AED 28,100 /yr
Last sold
AED 1.35M · February 2023
Building
Oia Residence

About 447, Oia Residence

447 is a two-bedroom apartment of 1,902 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 17 February 2023 for AED 1,350,000, or AED 709 per sqft, 8% below the AED 772 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 26 March 2020, is AED 115,200 a year: a gross yield of 8.5% on the 2023 price, before the service charge of about AED 28,100 a year.

Sales and rents for 447 over time

Sales
Unit 447, 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, February 2023: AED 1,350,000 (AED 709 per sqft)

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

Rents
Unit 447, 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, February 2019: AED 120,000 a yearRenewal, March 2020: AED 115,200 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 447 sits

All 134 2-beds →

447 last sold in February 2023 at AED 709 per sqft, 8% below what two-beds in Oia Residence were fetching at the time (AED 772). 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. 447's AED 115,200 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

447, Oia Residence in numbers

  • Sold once: by Union Properties on 17 February 2023 for AED 1,350,000, or AED 709 per sqft.
  • Rented since February 2019 on 2 Ejari contracts, from AED 120,000 to AED 115,200 a year.
  • At AED 115,200 a year the gross yield on the 2023 price is 8.5%, before a service charge of about AED 28,100 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 17 February 2023.

Questions about 447, Oia Residence

What did unit 447 last sell for?

AED 1,350,000 on 17 February 2023, sold by the developer: AED 709 per sqft for 1,902 sqft. It is the only registered sale of the unit.

What is the rent for unit 447?

AED 115,200 a year on the contract renewed on 26 March 2020. The previous contract, from February 2019, was AED 120,000.

How big is unit 447?

1,902 sqft (176.7 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 447 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 447, Oia Residence

Starts from the last sale price (AED 1.35M, 17 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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