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1-bed · 847 sqftOia Residence, Uptown Motorcity · 5th floor · completed 2018

508, Oia Residence

Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 14 January 2024
Last soldAED 1.02M25 December 2017
Current rentAED 80K /yr14 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Oia Residence

What is 508 worth today?

Last sold for AED 1,020,000 in 2017

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14 Jan 2024RentedNew contract
AED 80,000/yr12 months · AED 94 per sqft
18 Jun 2023RentedRenewal
AED 72,680/yr6 months · AED 87 per sqft
18 Dec 2022RentedRenewal
AED 51,500/yr6 months · AED 61 per sqft
18 Dec 2021RentedRenewal
AED 51,500/yr12 months · AED 61 per sqft
18 Dec 2020RentedNew contract
AED 47,000/yr12 months · AED 55 per sqft
1 Oct 2018RentedNew contract
AED 70,000/yr12 months · AED 82 per sqft
25 Dec 2017Sold by developerOff-plan
AED 1,020,000AED 1,203 per sqft

Source: Dubai Land Department. Updated 14 January 2024.

Key facts

Type
1-bed apartment
Size
847 sqft
Floor
5th of 5
Parking
B-120
Developer
Union Properties
Completed
2018
Service charge
AED 12,500 /yr
Last sold
AED 1.02M · December 2017
Building
Oia Residence

About 508, Oia Residence

508 is a one-bedroom apartment of 847 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 25 December 2017 for AED 1,020,000, or AED 1,203 per sqft, 4% above the AED 1,153 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 14 January 2024, is AED 80,000 a year: a gross yield of 7.8% on the 2017 price, before the service charge of about AED 12,500 a year.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical one-bed in Oia Residence
750K1M2017202020232026Typical sale price by year: 2017 AED 1,040,000; 2018 AED 1,020,000; 2020 AED 860,000; 2021 AED 977,360; 2022 AED 650,000; 2023 AED 950,000; 2024 AED 875,000; 2025 AED 1,005,000; 2026 AED 1,100,000Sold by developer, December 2017: AED 1,020,000 (AED 1,203 per sqft)

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

Rents
Unit 508, each contractTypical one-bed in Oia Residence
60K80K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 69,500; 2020 AED 55,000; 2021 AED 55,000; 2022 AED 55,000; 2023 AED 64,683; 2024 AED 71,625; 2025 AED 80,000; 2026 AED 82,750New contract, October 2018: AED 70,000 a yearNew contract, December 2020: AED 47,000 a yearRenewal, December 2021: AED 51,500 a yearRenewal, December 2022: AED 51,500 a yearRenewal, June 2023: AED 72,680 a yearNew contract, January 2024: AED 80,000 a year

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

1-beds in Oia Residence, and where 508 sits

All 48 1-beds →

508 last sold in December 2017 at AED 1,203 per sqft, 4% above what one-beds in Oia Residence were fetching at the time (AED 1,153). Over the last 12 months one-beds sold for AED 975,000 to 1,215,000, around AED 1,237 per sqft, and rent for AED 60,000 to 165,000 a year. 508's AED 80,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Nov 20261,020,000
26 Aug 2026975,000
14 May 20261,099,350
31 Mar 20261,100,000
8 1-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
5013-bedAED 1.83M · Aug 2021
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
1–7 of 44

508, Oia Residence in numbers

  • Sold once: by Union Properties on 25 December 2017 for AED 1,020,000, or AED 1,203 per sqft.
  • Rented since October 2018 on 6 Ejari contracts. The rent fell from AED 70,000 to AED 47,000 in 2020 and recovered to AED 80,000 by January 2024.
  • At AED 80,000 a year the gross yield on the 2017 price is 7.8%, before a service charge of about AED 12,500 a year (AED 14.76 per sqft).
  • One-beds in Oia Residence sold for AED 975,000–1,215,000 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 14 January 2024.

Questions about 508, Oia Residence

What did unit 508 last sell for?

AED 1,020,000 on 25 December 2017, sold by the developer: AED 1,203 per sqft for 847 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 80,000 a year on the contract signed on 14 January 2024. The previous contract, from June 2023, was AED 72,680; the unit has been rented since October 2018.

How big is unit 508?

847 sqft (78.7 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.

What is unit 508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oia Residence sold for AED 975,000 to 1,215,000 in the last 12 months, around AED 1,237 per sqft.

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Mortgage on 508, Oia Residence

Starts from the last sale price (AED 1.02M, 25 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,020,000
Deposit, UAE resident (20%)
AED 204,000
Deposit, non-resident (40%)
AED 408,000
Monthly over 25 years at 3.7%
AED 4,173

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