516, Oia Residence
Sold prices and rental history: sold once, by the developer in July 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Oia Residence
What is 516 worth today?
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Source: Dubai Land Department. Updated 21 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,724 sqft
- Floor
- 5th of 5
- Parking
- B-358
- Developer
- Union Properties
- Completed
- 2018
- Service charge
- AED 25,400 /yr
- Last sold
- AED 1.28M · July 2022
- Building
- Oia Residence
About 516, Oia Residence
516 is a two-bedroom apartment of 1,724 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 28 July 2022 for AED 1,275,000, or AED 739 per sqft, 15% below the AED 867 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 21 January 2025, is AED 150,000 a year: a gross yield of 11.8% on the 2022 price, before the service charge of about AED 25,400 a year.
Sales and rents for 516 over time
516 has sold once; the dashed line is the two-bed median of each year in the building.
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 516 sits
All 134 2-beds →516 last sold in July 2022 at AED 739 per sqft, 15% below 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. 516's AED 150,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 1,616 sqft | 2,196,700 | 1,359 | ||
| 19 Sep 202619 September 2026 | 1,672 sqft | 2,050,000 | 1,226 | ||
| 8 Sep 20268 September 2026 | 1,652 sqft | 1,950,000 | 1,180 | ||
| 24 Aug 202624 August 2026 | 1,913 sqft | 2,000,000 | 1,045 |
Oia Residence
Building269 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%
Other units on the 5th floor
All 269 units in Oia Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,112 sqft | AED 1.83MAED 1,832,263 · Aug 2021August 2021 | 113,000 /yr | |
| 502 | 3-bed | 1,936 sqft | AED 2.45MAED 2,450,000 · Feb 2026February 2026 | 119,788 /yr | |
| 503 | 3-bed | 1,861 sqft | AED 2.45MAED 2,450,000 · Jul 2024July 2024 | 134,640 /yr | |
| 504 | 3-bed | 1,941 sqft | AED 1.94MAED 1,941,000 · Nov 2025November 2025 | 200,000 /yr | |
| 505 | 3-bed | 2,122 sqft | AED 2.12MAED 2,121,000 · Oct 2025October 2025 | 115,000 /yr | |
| 506 | 2-bed | 1,305 sqft | AED 1.34MAED 1,335,363 · Apr 2025April 2025 | 125,000 /yr | |
| 507 | 3-bed | 1,786 sqft | AED 1.52MAED 1,524,356 · Sep 2020September 2020 | ||
| 508 | 1-bed | 847 sqft | AED 1.02MAED 1,020,000 · Dec 2017December 2017 | 80,000 /yr | |
| 509 | 2-bed | 1,652 sqft | AED 1.95MAED 1,950,000 · Sep 2026September 2026 | 180,000 /yr | |
| 510 | 2-bed | 1,689 sqft | AED 1.31MAED 1,310,000 · Jul 2022July 2022 | 109,846 /yr | |
| 511 | 2-bed | 1,677 sqft | AED 1.28MAED 1,275,000 · Jul 2022July 2022 | ||
| 512 | 2-bed | 1,777 sqft | AED 1.25MAED 1,249,500 · Nov 2022November 2022 | 150,000 /yr | |
| 513 | 2-bed | 1,777 sqft | AED 1.85MAED 1,850,000 · Jul 2025July 2025 | 102,400 /yr | |
| 514 | 2-bed | 1,285 sqft | AED 1.19MAED 1,193,960 · Nov 2021November 2021 | 120,000 /yr | |
| 515 | 2-bed | 1,517 sqft | AED 1.31MAED 1,313,250 · Dec 2022December 2022 | 110,000 /yr | |
| 517 | 1-bed | 850 sqft | AED 875KAED 875,000 · Mar 2024March 2024 | 65,000 /yr | |
| 518 | 2-bed | 1,816 sqft | AED 1.85MAED 1,850,000 · Jul 2025July 2025 | 90,000 /yr | |
| 519 | 2-bed | 1,687 sqft | AED 2.15MAED 2,150,000 · Feb 2026February 2026 | ||
| 520 | 2-bed | 1,442 sqft | AED 1.59MAED 1,586,123 · Oct 2024October 2024 | 96,000 /yr | |
| 521 | 2-bed | 1,449 sqft | AED 1.85MAED 1,850,000 · Feb 2024February 2024 | 105,300 /yr | |
| 522 | 2-bed | 1,386 sqft | AED 1.08MAED 1,075,000 · Oct 2022October 2022 | 130,000 /yr | |
| 523 | 2-bed | 1,463 sqft | AED 1.85MAED 1,850,000 · Aug 2024August 2024 | ||
| 524 | 2-bed | 1,369 sqft | AED 1.05MAED 1,053,500 · Oct 2022October 2022 | 115,000 /yr | |
| 525 | 2-bed | 1,687 sqft | AED 1.61MAED 1,605,000 · May 2026May 2026 | 100,000 /yr | |
| 526 | 2-bed | 1,445 sqft | AED 1.23MAED 1,226,301 · Aug 2020August 2020 | ||
| 527 | 2-bed | 1,834 sqft | AED 1.74MAED 1,742,000 · Aug 2025August 2025 | 108,200 /yr | |
| 528 | 1-bed | 870 sqft | AED 995KAED 995,125 · Dec 2017December 2017 | 85,000 /yr | |
| 529 | 2-bed | 1,517 sqft | AED 1.31MAED 1,313,250 · Dec 2022December 2022 | 124,332 /yr | |
| 530 | 2-bed | 1,674 sqft | AED 1.35MAED 1,350,000 · Nov 2022November 2022 | 107,100 /yr | |
| 531 | 2-bed | 1,286 sqft | AED 1.05MAED 1,050,000 · Oct 2022October 2022 | 125,000 /yr | |
| 532 | 3-bed | 2,112 sqft | AED 1.74MAED 1,743,052 · Apr 2023April 2023 | 144,600 /yr | |
| 533 | 3-bed | 1,936 sqft | AED 1.55MAED 1,550,000 · Aug 2022August 2022 | 96,857 /yr | |
| 534 | 3-bed | 1,861 sqft | AED 1.9MAED 1,900,000 · Jul 2025July 2025 | 122,400 /yr | |
| 535 | 3-bed | 1,941 sqft | AED 2.25MAED 2,250,000 · Aug 2025August 2025 | ||
| 536 | 3-bed | 2,123 sqft | AED 1.84MAED 1,835,000 · Nov 2021November 2021 | 200,000 /yr | |
| 537 | 2-bed | 1,306 sqft | AED 1.1MAED 1,100,000 · Sep 2022September 2022 | 105,000 /yr | |
| 538 | 1-bed | 924 sqft | AED 1.08MAED 1,076,502 · Dec 2017December 2017 | 90,000 /yr | |
| 539 | 1-bed | 850 sqft | AED 1.01MAED 1,010,000 · Oct 2025October 2025 | 90,000 /yr | |
| 540 | 3-bed | 2,339 sqft | AED 2.11MAED 2,105,987 · Feb 2026February 2026 | 106,154 /yr | |
| 541 | 2-bed | 1,325 sqft | AED 1.09MAED 1,090,000 · Nov 2022November 2022 | ||
| 542 | 2-bed | 1,690 sqft | AED 2MAED 2,000,000 · Aug 2025August 2025 | 100,000 /yr | |
| 543 | 1-bed | 862 sqft | AED 860KAED 860,000 · Mar 2020March 2020 | 70,000 /yr | |
| 544 | 2-bed | 1,777 sqft | AED 1.3MAED 1,300,000 · Aug 2022August 2022 | ||
| 545 | 2-bed | 1,776 sqft | AED 1.77MAED 1,770,000 · Aug 2024August 2024 | 89,057 /yr |
516, Oia Residence in numbers
- Sold once: by Union Properties on 28 July 2022 for AED 1,275,000, or AED 739 per sqft.
- Rented since February 2019 on 6 Ejari contracts. The rent fell from AED 116,308 to AED 91,800 in 2021 and recovered to AED 150,000 by January 2025.
- At AED 150,000 a year the gross yield on the 2022 price is 11.8%, before a service charge of about AED 25,400 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 21 January 2025.
Questions about 516, Oia Residence
What did unit 516 last sell for?
AED 1,275,000 on 28 July 2022, sold by the developer: AED 739 per sqft for 1,724 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 150,000 a year on the contract signed on 21 January 2025. The previous contract, from January 2025, was AED 150,000; the unit has been rented since February 2019.
How big is unit 516?
1,724 sqft (160.2 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.
What is unit 516 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 516, Oia Residence
Starts from the last sale price (AED 1.28M, 28 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,275,000
- Deposit, UAE resident (20%)
- AED 255,000
- Deposit, non-resident (40%)
- AED 510,000
- Monthly over 25 years at 3.7%
- AED 5,216
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →