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2-bed · 1,442 sqftOia Residence, Uptown Motorcity · 5th floor · completed 2018

520, Oia Residence

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

Unit 520 · DLD and Ejari recordsUpdated 30 October 2024
Last soldAED 1.59M30 October 2024
Current rentAED 96K /yr22 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 520, Oia Residence

What is 520 worth today?

Last sold for AED 1,586,123 in 2024

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30 Oct 2024SoldReady
AED 1,586,123AED 1,099 per sqft
22 Feb 2023RentedRenewal
AED 96,000/yr13 months · AED 67 per sqft
22 Jan 2022RentedRenewal
AED 93,900/yr13 months · AED 65 per sqft
5 Aug 2021Sold by developerReady
AED 1,250,826AED 867 per sqft
22 Dec 2020RentedRenewal
AED 93,900/yr13 months · AED 65 per sqft
22 Dec 2019RentedNew contract
AED 103,200/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 30 October 2024.

Key facts

Type
2-bed apartment
Size
1,442 sqft
Floor
5th of 5
Parking
B-341
Developer
Union Properties
Completed
2018
Service charge
AED 21,300 /yr
Last sold
AED 1.59M · October 2024
Building
Oia Residence

About 520, Oia Residence

520 is a two-bedroom apartment of 1,442 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 30 October 2024 for AED 1,586,123, or AED 1,099 per sqft, 4% above the AED 1,057 two-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 22 February 2023, is AED 96,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 21,300 a year.

Sales and rents for 520 over time

Sales
Unit 520, 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, August 2021: AED 1,250,826 (AED 867 per sqft)Sold, October 2024: AED 1,586,123 (AED 1,099 per sqft)

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

Rents
Unit 520, 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, December 2019: AED 103,200 a yearRenewal, December 2020: AED 93,900 a yearRenewal, January 2022: AED 93,900 a yearRenewal, February 2023: AED 96,000 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 520 sits

All 134 2-beds →

520 last sold in October 2024 at AED 1,099 per sqft, 4% above what two-beds in Oia Residence were fetching at the time (AED 1,057). 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. 520's AED 96,000 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 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

520, Oia Residence in numbers

  • Sold twice: first on 5 August 2021 for AED 1,250,826, last on 30 October 2024 for AED 1,586,123 (AED 1,099 per sqft).
  • Rented since December 2019 on 4 Ejari contracts, from AED 103,200 to AED 96,000 a year.
  • At AED 96,000 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 21,300 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 30 October 2024.

Questions about 520, Oia Residence

What did unit 520 last sell for?

AED 1,586,123 on 30 October 2024: AED 1,099 per sqft for 1,442 sqft. The unit has 2 registered sales; the first was AED 1,250,826 in August 2021.

What is the rent for unit 520?

AED 96,000 a year on the contract renewed on 22 February 2023. The previous contract, from January 2022, was AED 93,900; the unit has been rented since December 2019.

How big is unit 520?

1,442 sqft (134.0 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.

What is unit 520 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 520, Oia Residence

Starts from the last sale price (AED 1.59M, 30 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,586,123
Deposit, UAE resident (20%)
AED 317,225
Deposit, non-resident (40%)
AED 634,449
Monthly over 25 years at 3.7%
AED 6,489

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