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1-bed · 850 sqftOia Residence, Uptown Motorcity · 5th floor · completed 2018

517, Oia Residence

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 517 · DLD and Ejari recordsUpdated 28 March 2024
Last soldAED 875K28 March 2024
Current rentAED 65K /yr24 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 517, Oia Residence

What is 517 worth today?

Last sold for AED 875,000 in 2024

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28 Mar 2024SoldReady
AED 875,000AED 1,029 per sqft
24 Jan 2024RentedRenewal
AED 65,000/yr12 months · AED 76 per sqft
24 Jan 2023RentedNew contract
AED 65,000/yr12 months · AED 76 per sqft
16 Dec 2020RentedRenewal
AED 55,000/yr12 months · AED 65 per sqft
16 Dec 2019RentedNew contract
AED 65,000/yr12 months · AED 76 per sqft
26 Dec 2017Sold by developerOff-plan
AED 976,082AED 1,148 per sqft

Source: Dubai Land Department. Updated 28 March 2024.

Key facts

Type
1-bed apartment
Size
850 sqft
Floor
5th of 5
Parking
B-338
Developer
Union Properties
Completed
2018
Service charge
AED 12,500 /yr
Last sold
AED 875K · March 2024
Building
Oia Residence

About 517, Oia Residence

517 is a one-bedroom apartment of 850 sqft on the 5th floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. It last sold on 28 March 2024 for AED 875,000, or AED 1,029 per sqft, in line with the AED 1,029 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 24 January 2024, is AED 65,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 12,500 a year.

Sales and rents for 517 over time

Sales
Unit 517, 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 976,082 (AED 1,148 per sqft)Sold, March 2024: AED 875,000 (AED 1,029 per sqft)

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

Rents
Unit 517, 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, December 2019: AED 65,000 a yearRenewal, December 2020: AED 55,000 a yearNew contract, January 2023: AED 65,000 a yearRenewal, January 2024: AED 65,000 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 517 sits

All 48 1-beds →

517 last sold in March 2024 at AED 1,029 per sqft, in line with what one-beds in Oia Residence were fetching at the time (AED 1,029). 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. 517's AED 65,000 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

517, Oia Residence in numbers

  • Sold twice: first on 26 December 2017 for AED 976,082, last on 28 March 2024 for AED 875,000 (AED 1,029 per sqft).
  • Rented since December 2019 on 4 Ejari contracts. The rent fell from AED 65,000 to AED 55,000 in 2020 and recovered to AED 65,000 by January 2024.
  • At AED 65,000 a year the gross yield on the 2024 price is 7.4%, 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 28 March 2024.

Questions about 517, Oia Residence

What did unit 517 last sell for?

AED 875,000 on 28 March 2024: AED 1,029 per sqft for 850 sqft. The unit has 2 registered sales; the first was AED 976,082 in December 2017.

What is the rent for unit 517?

AED 65,000 a year on the contract renewed on 24 January 2024. The previous contract, from January 2023, was AED 65,000; the unit has been rented since December 2019.

How big is unit 517?

850 sqft (79.0 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.

What is unit 517 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 517, Oia Residence

Starts from the last sale price (AED 875K, 28 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 875,000
Deposit, UAE resident (20%)
AED 175,000
Deposit, non-resident (40%)
AED 350,000
Monthly over 25 years at 3.7%
AED 3,580

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