3-bed · 2,112 sqftOia Residence, Uptown Motorcity · 5th floor · completed 2018

532, Oia Residence

Sold prices and rental history: sold once, by the developer in April 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 532 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 1.74M27 April 2023
Current rentAED 145K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 532, Oia Residence

What is 532 worth today?

Last sold for AED 1,743,052 in 2023

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1 Aug 2024RentedRenewal
AED 144,600/yr9 months · AED 69 per sqft
1 Jun 2023RentedNew contract
AED 145,000/yr14 months · AED 69 per sqft
27 Apr 2023Sold by developerReady
AED 1,743,052AED 825 per sqft
25 Oct 2021RentedNew contract
AED 98,571/yr14 months · AED 47 per sqft
20 Jun 2019RentedNew contract
AED 133,000/yr13 months · AED 63 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
3-bed apartment
Size
2,112 sqft
Floor
5th of 5
Parking
B-259, B-260
Developer
Union Properties
Completed
2018
Service charge
AED 31,200 /yr
Last sold
AED 1.74M · April 2023

About 532, Oia Residence

532 is a three-bedroom apartment of 2,112 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 27 April 2023 for AED 1,743,052, or AED 825 per sqft, 11% above the AED 745 three-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 1 August 2024, is AED 144,600 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 31,200 a year.

Sales and rents for 532 over time

Sales
Unit 532, each saleTypical three-bed in Oia Residence
1.5M2M2.5M2017202020232026Typical sale price by year: 2017 AED 2,175,303; 2021 AED 2,026,385; 2022 AED 1,625,000; 2023 AED 1,746,526; 2024 AED 2,450,000; 2025 AED 2,185,500; 2026 AED 2,450,000Sold by developer, April 2023: AED 1,743,052 (AED 825 per sqft)

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

Rents
Unit 532, each contractTypical three-bed in Oia Residence
100K150K200K2018202120242027Typical rent by year: 2018 AED 135,000; 2019 AED 133,000; 2020 AED 124,100; 2021 AED 105,749; 2022 AED 115,000; 2023 AED 115,000; 2024 AED 135,500; 2025 AED 155,000; 2026 AED 190,529New contract, June 2019: AED 133,000 a yearNew contract, October 2021: AED 98,571 a yearNew contract, June 2023: AED 145,000 a yearRenewal, August 2024: AED 144,600 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Oia Residence, and where 532 sits

All 67 3-beds →

532 last sold in April 2023 at AED 825 per sqft, 11% above what three-beds in Oia Residence were fetching at the time (AED 745). Over the last 12 months three-beds sold for AED 1,941,000 to 3,200,000, around AED 1,045 per sqft, and rent for AED 100,000 to 215,000 a year. 532's AED 144,600 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Oct 20262,490,000
20 Oct 20262,740,000
16 Sep 20262,320,000
26 Aug 20262,700,000
22 3-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

532, Oia Residence in numbers

  • Sold once: by Union Properties on 27 April 2023 for AED 1,743,052, or AED 825 per sqft.
  • Rented since June 2019 on 4 Ejari contracts. The rent fell from AED 133,000 to AED 98,571 in 2021 and recovered to AED 144,600 by August 2024.
  • At AED 144,600 a year the gross yield on the 2023 price is 8.3%, before a service charge of about AED 31,200 a year (AED 14.76 per sqft).
  • Three-beds in Oia Residence sold for AED 1,941,000–3,200,000 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 1 August 2024.

Questions about 532, Oia Residence

What did unit 532 last sell for?

AED 1,743,052 on 27 April 2023, sold by the developer: AED 825 per sqft for 2,112 sqft. It is the only registered sale of the unit.

What is the rent for unit 532?

AED 144,600 a year on the contract renewed on 1 August 2024. The previous contract, from June 2023, was AED 145,000; the unit has been rented since June 2019.

How big is unit 532?

2,112 sqft (196.2 sqm): a three-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.

What is unit 532 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oia Residence sold for AED 1,941,000 to 3,200,000 in the last 12 months, around AED 1,045 per sqft.

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Mortgage on 532, Oia Residence

Starts from the last sale price (AED 1.74M, 27 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,743,052
Deposit, UAE resident (20%)
AED 348,610
Deposit, non-resident (40%)
AED 697,221
Monthly over 25 years at 3.7%
AED 7,131

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