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3-bed · 2,355 sqftOia Residence, Uptown Motorcity · Ground floor · completed 2018

G38, Oia Residence

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

Unit G38 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 1.67M9 September 2022
Current rentAED 122K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G38, Oia Residence

What is G38 worth today?

Last sold for AED 1,666,000 in 2022

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1 Sep 2023RentedRenewal
AED 122,365/yr4 months · AED 52 per sqft
12 Sep 2022RentedNew contract
AED 122,828/yr12 months · AED 52 per sqft
9 Sep 2022Sold by developerReady
AED 1,666,000AED 707 per sqft
1 Sep 2022RentedRenewal
AED 122,900/yr12 months · AED 52 per sqft
1 Jul 2021RentedNew contract
AED 105,343/yr14 months · AED 45 per sqft
7 Feb 2019RentedNew contract
AED 142,000/yr13 months · AED 60 per sqft
7 Feb 2019RentedNew contract
AED 131,077/yr13 months · AED 56 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
3-bed apartment
Size
2,355 sqft
Floor
Ground of 5
Parking
B-205, B-206
Developer
Union Properties
Completed
2018
Service charge
AED 34,800 /yr
Last sold
AED 1.67M · September 2022
Building
Oia Residence

About G38, Oia Residence

G38 is a three-bedroom apartment of 2,355 sqft on the ground floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. The developer sold it on 9 September 2022 for AED 1,666,000, or AED 707 per sqft, 7% below the AED 759 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 122,365 a year: a gross yield of 7.3% on the 2022 price, before the service charge of about AED 34,800 a year.

Sales and rents for G38 over time

Sales
Unit G38, 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, September 2022: AED 1,666,000 (AED 707 per sqft)

G38 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit G38, 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, February 2019: AED 142,000 a yearNew contract, February 2019: AED 131,077 a yearNew contract, July 2021: AED 105,343 a yearNew contract, September 2022: AED 122,828 a yearRenewal, September 2022: AED 122,900 a yearRenewal, September 2023: AED 122,365 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 G38 sits

All 67 3-beds →

G38 last sold in September 2022 at AED 707 per sqft, 7% below what three-beds in Oia Residence were fetching at the time (AED 759). 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. G38's AED 122,365 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 ground floor

All 269 units in Oia Residence
Value
G013-bedAED 2.32M · Aug 2021
G023-bedAED 2.21M · Feb 2026
G034-bedAED 2.63M · Jun 2024
G044-bedAED 3.05M · Feb 2026
G054-bedAED 3.16M · Mar 2026
G063-bedAED 1.5M · Dec 2022
G074-bedAED 2.53M · Aug 2021
1–7 of 47

G38, Oia Residence in numbers

  • Sold once: by Union Properties on 9 September 2022 for AED 1,666,000, or AED 707 per sqft.
  • Rented since February 2019 on 6 Ejari contracts. The rent fell from AED 131,077 to AED 105,343 in 2021 and recovered to AED 122,365 by September 2023.
  • At AED 122,365 a year the gross yield on the 2022 price is 7.3%, before a service charge of about AED 34,800 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 September 2023.

Questions about G38, Oia Residence

What did unit G38 last sell for?

AED 1,666,000 on 9 September 2022, sold by the developer: AED 707 per sqft for 2,355 sqft. It is the only registered sale of the unit.

What is the rent for unit G38?

AED 122,365 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 122,828; the unit has been rented since February 2019.

How big is unit G38?

2,355 sqft (218.8 sqm): a three-bedroom apartment on the ground floor of a 5-storey tower completed in 2018.

What is unit G38 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 G38, Oia Residence

Starts from the last sale price (AED 1.67M, 9 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,666,000
Deposit, UAE resident (20%)
AED 333,200
Deposit, non-resident (40%)
AED 666,400
Monthly over 25 years at 3.7%
AED 6,816

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