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2-bed · 1,674 sqftOia Residence, Uptown Motorcity · 5th floor · completed 2018

530, Oia Residence

Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 530 · DLD and Ejari recordsUpdated 11 November 2022
Last soldAED 1.35M11 November 2022
Current rentAED 107K /yr2 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 530, Oia Residence

What is 530 worth today?

Last sold for AED 1,350,000 in 2022

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11 Nov 2022Sold by developerReady
AED 1,350,000AED 806 per sqft
2 Apr 2022RentedRenewal
AED 107,100/yr12 months · AED 64 per sqft
2 Feb 2021RentedNew contract
AED 98,743/yr14 months · AED 59 per sqft
8 Jul 2019RentedNew contract
AED 120,000/yr13 months · AED 72 per sqft

Source: Dubai Land Department. Updated 11 November 2022.

Key facts

Type
2-bed apartment
Size
1,674 sqft
Floor
5th of 5
Parking
B-12
Developer
Union Properties
Completed
2018
Service charge
AED 24,700 /yr
Last sold
AED 1.35M · November 2022
Building
Oia Residence

About 530, Oia Residence

530 is a two-bedroom apartment of 1,674 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 11 November 2022 for AED 1,350,000, or AED 806 per sqft, 3% above the AED 779 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 2 April 2022, is AED 107,100 a year: a gross yield of 7.9% on the 2022 price, before the service charge of about AED 24,700 a year.

Sales and rents for 530 over time

Sales
Unit 530, 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, November 2022: AED 1,350,000 (AED 806 per sqft)

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

Rents
Unit 530, 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, July 2019: AED 120,000 a yearNew contract, February 2021: AED 98,743 a yearRenewal, April 2022: AED 107,100 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 530 sits

All 134 2-beds →

530 last sold in November 2022 at AED 806 per sqft, 3% above what two-beds in Oia Residence were fetching at the time (AED 779). 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. 530's AED 107,100 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

530, Oia Residence in numbers

  • Sold once: by Union Properties on 11 November 2022 for AED 1,350,000, or AED 806 per sqft.
  • Rented since July 2019 on 3 Ejari contracts, from AED 120,000 to AED 107,100 a year.
  • At AED 107,100 a year the gross yield on the 2022 price is 7.9%, before a service charge of about AED 24,700 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 11 November 2022.

Questions about 530, Oia Residence

What did unit 530 last sell for?

AED 1,350,000 on 11 November 2022, sold by the developer: AED 806 per sqft for 1,674 sqft. It is the only registered sale of the unit.

What is the rent for unit 530?

AED 107,100 a year on the contract renewed on 2 April 2022. The previous contract, from February 2021, was AED 98,743; the unit has been rented since July 2019.

How big is unit 530?

1,674 sqft (155.5 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.

What is unit 530 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 530, Oia Residence

Starts from the last sale price (AED 1.35M, 11 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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