Oia Residence

Completed 2018
269 units
6 floors
8 lifts
401 parking bays
2 pools

A one-bed here leases for about AED 80,000 a year, 10% above the typical Motor City one-bed. New tenants pay more than renewing ones, who pay AED 73,500.

New-lease rent · 1 bed: 80.0k; +6.7% · 52 leases
Rent per sqft · a year: 72; new leases
Renewals against new · 1 bed: -8%; 73.5k against 80.0k
Units on a lease: 74%
Annual leases, 12 months: 198; new and renewed

Registered Dubai Land Department and Ejari records. dubaiwealthindex.com

DUBAI WEALTH INDEX · Oia Residence · Motor City · For rent

02 / 06

01 · What it rents for · every unit type

What each unit type lets for, and what renewing tenants pay

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DUBAI WEALTH INDEX · Oia Residence · Motor City · For rent

03 / 06

02 · Rent and price · 1 bed

How the price and the rent per sqft moved, year by year

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DUBAI WEALTH INDEX · Oia Residence · Motor City · For rent

04 / 06

03 · Letting · all units

How much of Oia Residence is let on a yearly lease, against its area

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DUBAI WEALTH INDEX · Oia Residence · Motor City · For rent

05 / 06

04 · Supply · Motor City

How many homes are planned in Motor City, against the homes let today

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DUBAI WEALTH INDEX · Oia Residence · Motor City · For rent

06 / 06

05 · Comparables · Motor City

How its rent compares with its neighbours, and what to check before signing

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