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2-bed · 1,286 sqftOia Residence, Uptown Motorcity · 5th floor · completed 2018

531, Oia Residence

Sold prices and rental history: sold once, by the developer in October 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 531 · DLD and Ejari recordsUpdated 4 March 2025
Last soldAED 1.05M25 October 2022
Current rentAED 125K /yr4 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 531, Oia Residence

What is 531 worth today?

Last sold for AED 1,050,000 in 2022

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4 Mar 2025RentedNew contract
AED 125,000/yr12 months · AED 97 per sqft
4 Mar 2025RentedNew contract
AED 125,000/yr12 months · AED 97 per sqft
4 Mar 2024RentedNew contract
AED 120,000/yr12 months · AED 93 per sqft
10 Mar 2023RentedNew contract
AED 110,000/yr12 months · AED 86 per sqft
25 Oct 2022Sold by developerReady
AED 1,050,000AED 816 per sqft

Source: Dubai Land Department. Updated 4 March 2025.

Key facts

Type
2-bed apartment
Size
1,286 sqft
Floor
5th of 5
Parking
B-13
Developer
Union Properties
Completed
2018
Service charge
AED 19,000 /yr
Last sold
AED 1.05M · October 2022
Building
Oia Residence

About 531, Oia Residence

531 is a two-bedroom apartment of 1,286 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 25 October 2022 for AED 1,050,000, or AED 816 per sqft, 5% above the AED 778 two-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 4 March 2025, is AED 125,000 a year: a gross yield of 11.9% on the 2022 price, before the service charge of about AED 19,000 a year.

Sales and rents for 531 over time

Sales
Unit 531, each saleTypical two-bed in Oia Residence
1M1.5M2M2017202020232026Typical 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, October 2022: AED 1,050,000 (AED 816 per sqft)

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

Rents
Unit 531, 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, March 2023: AED 110,000 a yearNew contract, March 2024: AED 120,000 a yearNew contract, March 2025: AED 125,000 a yearNew contract, March 2025: AED 125,000 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 531 sits

All 134 2-beds →

531 last sold in October 2022 at AED 816 per sqft, 5% above what two-beds in Oia Residence were fetching at the time (AED 778). 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. 531's AED 125,000 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

531, Oia Residence in numbers

  • Sold once: by Union Properties on 25 October 2022 for AED 1,050,000, or AED 816 per sqft.
  • Rented since March 2023 on 4 Ejari contracts, from AED 110,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2022 price is 11.9%, before a service charge of about AED 19,000 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 4 March 2025.

Questions about 531, Oia Residence

What did unit 531 last sell for?

AED 1,050,000 on 25 October 2022, sold by the developer: AED 816 per sqft for 1,286 sqft. It is the only registered sale of the unit.

What is the rent for unit 531?

AED 125,000 a year on the contract signed on 4 March 2025. The previous contract, from March 2025, was AED 125,000; the unit has been rented since March 2023.

How big is unit 531?

1,286 sqft (119.5 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.

What is unit 531 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 531, Oia Residence

Starts from the last sale price (AED 1.05M, 25 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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