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3-bed · 2,112 sqftOia Residence, Uptown Motorcity · 5th floor · completed 2018

501, 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 501 · DLD and Ejari recordsUpdated 17 April 2023
Last soldAED 1.83M5 August 2021
Current rentAED 113K /yr17 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Oia Residence

What is 501 worth today?

Last sold for AED 1,832,263 in 2021

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17 Apr 2023RentedNew contract
AED 113,000/yr12 months · AED 53 per sqft
5 Aug 2021Sold by developerReady
AED 1,832,263AED 867 per sqft
17 Apr 2021RentedRenewal
AED 125,000/yr12 months · AED 59 per sqft
17 Apr 2020RentedRenewal
AED 125,000/yr12 months · AED 59 per sqft
17 Mar 2019RentedNew contract
AED 133,000/yr13 months · AED 63 per sqft

Source: Dubai Land Department. Updated 17 April 2023.

Key facts

Type
3-bed apartment
Size
2,112 sqft
Floor
5th of 5
Parking
B-308, B-309
Developer
Union Properties
Completed
2018
Service charge
AED 31,200 /yr
Last sold
AED 1.83M · August 2021
Building
Oia Residence

About 501, Oia Residence

501 is a three-bedroom apartment of 2,112 sqft on the 5th 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 1,832,263, or AED 867 per sqft, in line with the AED 867 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 17 April 2023, is AED 113,000 a year: a gross yield of 6.2% on the 2021 price, before the service charge of about AED 31,200 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical three-bed in Oia Residence
1.5M2M2.5M2017202020232026Typical sale price by year: 2017 AED 2,175,303; 2021 AED 2,026,385; 2022 AED 1,625,000; 2023 AED 1,746,526; 2024 AED 2,450,000; 2025 AED 2,185,500; 2026 AED 2,450,000Sold by developer, August 2021: AED 1,832,263 (AED 867 per sqft)

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

Rents
Unit 501, each contractTypical three-bed in Oia Residence
100K150K200K2018202120242027Typical rent by year: 2018 AED 135,000; 2019 AED 133,000; 2020 AED 124,100; 2021 AED 105,749; 2022 AED 115,000; 2023 AED 115,000; 2024 AED 135,500; 2025 AED 155,000; 2026 AED 190,529New contract, March 2019: AED 133,000 a yearRenewal, April 2020: AED 125,000 a yearRenewal, April 2021: AED 125,000 a yearNew contract, April 2023: AED 113,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Oia Residence, and where 501 sits

All 67 3-beds →

501 last sold in August 2021 at AED 867 per sqft, in line with what three-beds in Oia Residence were fetching at the time (AED 867). Over the last 12 months three-beds sold for AED 1,941,000 to 3,200,000, around AED 1,045 per sqft, and rent for AED 100,000 to 215,000 a year. 501's AED 113,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Oct 20262,490,000
20 Oct 20262,740,000
16 Sep 20262,320,000
26 Aug 20262,700,000
22 3-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 5th floor

All 269 units in Oia Residence
Value
5023-bedAED 2.45M · Feb 2026
5033-bedAED 2.45M · Jul 2024
5043-bedAED 1.94M · Nov 2025
5053-bedAED 2.12M · Oct 2025
5062-bedAED 1.34M · Apr 2025
5073-bedAED 1.52M · Sep 2020
5081-bedAED 1.02M · Dec 2017
1–7 of 44

501, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 1,832,263, or AED 867 per sqft.
  • Rented since March 2019 on 4 Ejari contracts, from AED 133,000 to AED 113,000 a year.
  • At AED 113,000 a year the gross yield on the 2021 price is 6.2%, before a service charge of about AED 31,200 a year (AED 14.76 per sqft).
  • Three-beds in Oia Residence sold for AED 1,941,000–3,200,000 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 April 2023.

Questions about 501, Oia Residence

What did unit 501 last sell for?

AED 1,832,263 on 5 August 2021, sold by the developer: AED 867 per sqft for 2,112 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 113,000 a year on the contract signed on 17 April 2023. The previous contract, from April 2021, was AED 125,000; the unit has been rented since March 2019.

How big is unit 501?

2,112 sqft (196.2 sqm): a three-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oia Residence sold for AED 1,941,000 to 3,200,000 in the last 12 months, around AED 1,045 per sqft.

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Mortgage on 501, Oia Residence

Starts from the last sale price (AED 1.83M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,832,263
Deposit, UAE resident (20%)
AED 366,453
Deposit, non-resident (40%)
AED 732,905
Monthly over 25 years at 3.7%
AED 7,496

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