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3-bed · 2,341 sqftOia Residence, Uptown Motorcity · Ground floor · completed 2018

G40, Oia Residence

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G40 · DLD and Ejari recordsUpdated 17 November 2023
Last soldAED 2.35M17 November 2023
Current rentAED 131K /yr11 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G40, Oia Residence

What is G40 worth today?

Last sold for AED 2,350,000 in 2023

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17 Nov 2023SoldReady
AED 2,350,000AED 1,003 per sqft
16 Aug 2022Sold by developerReady
AED 1,700,000AED 726 per sqft
11 Mar 2022RentedNew contract
AED 130,560/yr11 months · AED 56 per sqft
1 Jul 2020RentedNew contract
AED 131,600/yr12 months · AED 56 per sqft
18 Oct 2018RentedNew contract
AED 140,000/yr13 months · AED 60 per sqft
18 Oct 2018RentedNew contract
AED 129,231/yr13 months · AED 55 per sqft

Source: Dubai Land Department. Updated 17 November 2023.

Key facts

Type
3-bed apartment
Size
2,341 sqft
Floor
Ground of 5
Parking
B-200, B-201
Developer
Union Properties
Completed
2018
Service charge
AED 34,600 /yr
Last sold
AED 2.35M · November 2023
Building
Oia Residence

About G40, Oia Residence

G40 is a three-bedroom apartment of 2,341 sqft on the ground floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. It last sold on 17 November 2023 for AED 2,350,000, or AED 1,003 per sqft, 31% above the AED 767 three-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 11 March 2022, is AED 130,560 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 34,600 a year.

Sales and rents for G40 over time

Sales
Unit G40, 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, August 2022: AED 1,700,000 (AED 726 per sqft)Sold, November 2023: AED 2,350,000 (AED 1,003 per sqft)

G40 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit G40, 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, October 2018: AED 140,000 a yearNew contract, October 2018: AED 129,231 a yearNew contract, July 2020: AED 131,600 a yearNew contract, March 2022: AED 130,560 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 G40 sits

All 67 3-beds →

G40 last sold in November 2023 at AED 1,003 per sqft, 31% above what three-beds in Oia Residence were fetching at the time (AED 767). 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. G40's AED 130,560 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

G40, Oia Residence in numbers

  • Sold twice: first on 16 August 2022 for AED 1,700,000, last on 17 November 2023 for AED 2,350,000 (AED 1,003 per sqft).
  • Rented since October 2018 on 4 Ejari contracts, from AED 129,231 to AED 130,560 a year.
  • At AED 130,560 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 34,600 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 17 November 2023.

Questions about G40, Oia Residence

What did unit G40 last sell for?

AED 2,350,000 on 17 November 2023: AED 1,003 per sqft for 2,341 sqft. The unit has 2 registered sales; the first was AED 1,700,000 in August 2022.

What is the rent for unit G40?

AED 130,560 a year on the contract signed on 11 March 2022. The previous contract, from July 2020, was AED 131,600; the unit has been rented since October 2018.

How big is unit G40?

2,341 sqft (217.5 sqm): a three-bedroom apartment on the ground floor of a 5-storey tower completed in 2018.

What is unit G40 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 G40, Oia Residence

Starts from the last sale price (AED 2.35M, 17 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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