3-bed · 3,030 sqftOia Residence, Uptown Motorcity · Ground floor · completed 2018

G48, Oia Residence

Sold prices and rental history: sold once, by the developer in August 2021, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G48 · DLD and Ejari recordsUpdated 1 March 2023
Last soldAED 2.63M5 August 2021
Current rentAED 113K /yr1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G48, Oia Residence

What is G48 worth today?

Last sold for AED 2,628,650 in 2021

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1 Mar 2023RentedRenewal
AED 112,600/yr12 months · AED 37 per sqft
1 Feb 2022RentedNew contract
AED 107,283/yr13 months · AED 35 per sqft
5 Aug 2021Sold by developerReady
AED 2,628,650AED 867 per sqft
1 Jan 2021RentedNew contract
AED 117,138/yr13 months · AED 39 per sqft
1 Jan 2020RentedNew contract
AED 63,450/yr24 months · AED 21 per sqft
1 Jan 2020RentedRenewal
AED 126,900/yr12 months · AED 42 per sqft
1 Dec 2018RentedNew contract
AED 135,000/yr13 months · AED 45 per sqft

Source: Dubai Land Department. Updated 1 March 2023.

Key facts

Type
3-bed apartment
Size
3,030 sqft
Floor
Ground of 5
Parking
B-26, B-25
Developer
Union Properties
Completed
2018
Service charge
AED 44,700 /yr
Last sold
AED 2.63M · August 2021

About G48, Oia Residence

G48 is a three-bedroom apartment of 3,030 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 5 August 2021 for AED 2,628,650, or AED 867 per sqft, in line with the AED 867 three-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 1 March 2023, is AED 112,600 a year: a gross yield of 4.3% on the 2021 price, before the service charge of about AED 44,700 a year.

Sales and rents for G48 over time

Sales
Unit G48, 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 2021: AED 2,628,650 (AED 867 per sqft)

G48 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit G48, each contractTypical three-bed in Oia Residence
100K200K2018202120242027Typical 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, December 2018: AED 135,000 a yearNew contract, January 2020: AED 63,450 a yearRenewal, January 2020: AED 126,900 a yearNew contract, January 2021: AED 117,138 a yearNew contract, February 2022: AED 107,283 a yearRenewal, March 2023: AED 112,600 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 G48 sits

All 67 3-beds →

G48 last sold in August 2021 at AED 867 per sqft, in line with what three-beds in Oia Residence were fetching at the time (AED 867). 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. G48's AED 112,600 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 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

G48, Oia Residence in numbers

  • Sold once: by Union Properties on 5 August 2021 for AED 2,628,650, or AED 867 per sqft.
  • Rented since December 2018 on 6 Ejari contracts. The rent fell from AED 135,000 to AED 63,450 in 2020 and recovered to AED 112,600 by March 2023.
  • At AED 112,600 a year the gross yield on the 2021 price is 4.3%, before a service charge of about AED 44,700 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 March 2023.

Questions about G48, Oia Residence

What did unit G48 last sell for?

AED 2,628,650 on 5 August 2021, sold by the developer: AED 867 per sqft for 3,030 sqft. It is the only registered sale of the unit.

What is the rent for unit G48?

AED 112,600 a year on the contract renewed on 1 March 2023. The previous contract, from February 2022, was AED 107,283; the unit has been rented since December 2018.

How big is unit G48?

3,030 sqft (281.5 sqm): a three-bedroom apartment on the ground floor of a 5-storey tower completed in 2018.

What is unit G48 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 G48, Oia Residence

Starts from the last sale price (AED 2.63M, 5 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,628,650
Deposit, UAE resident (20%)
AED 525,730
Deposit, non-resident (40%)
AED 1,051,460
Monthly over 25 years at 3.7%
AED 10,755

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