2-bed · 1,463 sqftOia Residence, Uptown Motorcity · 5th floor · completed 2018

523, Oia Residence

Sold prices and rental history: sold twice, last in August 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 523 · DLD and Ejari recordsUpdated 9 August 2024
Last soldAED 1.85M9 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 523, Oia Residence

What is 523 worth today?

Last sold for AED 1,850,000 in 2024

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9 Aug 2024SoldReady
AED 1,850,000AED 1,264 per sqft
22 Mar 2020Sold by developerReady
AED 1,428,230AED 976 per sqft

Source: Dubai Land Department. Updated 9 August 2024.

Key facts

Type
2-bed apartment
Size
1,463 sqft
Floor
5th of 5
Parking
B-344
Developer
Union Properties
Completed
2018
Service charge
AED 21,600 /yr
Last sold
AED 1.85M · August 2024

About 523, Oia Residence

523 is a two-bedroom apartment of 1,463 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 9 August 2024 for AED 1,850,000, or AED 1,264 per sqft, 23% above the AED 1,031 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 523 over time

Sales
Unit 523, 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, March 2020: AED 1,428,230 (AED 976 per sqft)Sold, August 2024: AED 1,850,000 (AED 1,264 per sqft)

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

Rents
Unit 523, 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 132,500

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 523 sits

All 134 2-beds →

523 last sold in August 2024 at AED 1,264 per sqft, 23% above what two-beds in Oia Residence were fetching at the time (AED 1,031). 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.

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

523, Oia Residence in numbers

  • Sold twice: first on 22 March 2020 for AED 1,428,230, last on 9 August 2024 for AED 1,850,000 (AED 1,264 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 9 August 2024.

Questions about 523, Oia Residence

What did unit 523 last sell for?

AED 1,850,000 on 9 August 2024: AED 1,264 per sqft for 1,463 sqft. The unit has 2 registered sales; the first was AED 1,428,230 in March 2020.

How big is unit 523?

1,463 sqft (135.9 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.

What is unit 523 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 523, Oia Residence

Starts from the last sale price (AED 1.85M, 9 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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