Oia Residence
- Completed 2018
- 269 units
- 6 floors
- 8 lifts
- 401 parking bays
- 2 pools
A 2 bed in Oia Residence costs a median AED 1.95M and rents long-let for AED 130,000/yr (6.7% gross).
2 bed · typical price
1.95MAED
AED 1,058/sqft · -3.8% on a year
- Rent a year
- AED 130,000
- Gross yield
- 6.7%
- vs Motor City
- 34% below the median
Cost to buy, all inAED 2.07M
- Price
- AED 1.95M
- DLD fee 4%
- AED 78,000
- Agent 2% + VAT
- AED 40,950
- Trustee
- AED 4,200
Fees repaid by rent11 months
Is Oia Residence a good investment?Easy to let, rents rising and easy to sell; prices are slipping and lots of new supply is coming
- Does it pay a good rent?6.7% gross, before the service charge (not on file) (Dubai median 6.8%)6.7%Fair
- Is it easy to let?198 yearly leases, new and renewed, across 269 units in 12 months74%Strength
- Are rents going up?New 2 bed leases: AED 125,000 a year ago, AED 130,000 now+4.0%Strength
- Are prices going up?2 bed: AED 1,100/sqft a year ago, 1,058 now-3.8%Watch
- How fast do fees pay back?AED 123,150 in fees to buy a 2 bed; rent covers it in 0.9 years0.9 yrs
- Can I sell easily?68 sales in 12 months, 25% of the tower (43 the year before)68Strength
- Is a lot being built nearby?8,216 apartments are planned in Motor City from 2026 to 2028, equal to 4.6 times the 1,767 homes let there today. A further 414 are past their planned date. Motor City supply by year →465%Watch
- Did earlier buyers gain?Up 21% for buyers 5 years ago; launch buyers still 7% down, before fees+21.0%Context
Readings use published thresholds · 2 bed figures, the most traded type · Data to 12 Oct 2026
Oia Residence prices and rents by unit typeA two-bed costs about AED 1.95M and rents for about AED 130,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
2 bed · price per sqft · Motor City · area median AED 1,613/sqft
- 12-month change
- -3.8%
- 3 years
- +36.0% · +10.8%/yr
- 5 years
- +22.0% · +4.1%/yr
- vs area median
- -34.4%
- Rank by price per sqft
- 25th of 33
- Off-plan price gain, 2017–2018
- -2.8% · -0.3%/yr
Rental income
2 bed · Motor City
- Gross yield
- 6.7%
- Median new rent
- AED 130,000/yr
- Yield vs area median
- +0.3 pts
- Yield vs Dubai (6.8%)
- -0.1 pts
- Renewal rent
- AED 120,000/yr
- New tenants pay vs sitting (27 renewals)
- +8.3%
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Sale price, AED (right axis) Rent on new leases, AED a year (left axis)
Chart data, 2 bed: Apr 2017, AED 1,636,898; latest, Sep 2026, AED 2,000,000; peak, Jun 2025, AED 2,062,500. Rent on new leases: Aug 2010, AED 60,000 a year; latest, Sep 2026, AED 133,750.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 1,050 · before fees
- Launch, 2017–18
- 1,129
- −7%
- 47 sales
- 5 years ago
- 867
- +21%
- 93 sales
- 3 years ago
- 768
- +37%
- 23 sales
- Previous 12 months
- 1,100
- −5%
- 43 sales
- Last 12 months
- 1,050
- today
- 68 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
68 resales in the last 12 months, against 33 a year on average over 2023–2025.
68 resales in the last 12 months.
Short-term rates around Oia Residence
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.
Nightly rate through the yearNightly rate through the year
Comparables in Motor City
Every Motor City building with a page, ranked by price per sqft over the same 12 months, all unit types. Oia Residence places 36th of 65; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Oia Residence (AED 1,050/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 2 bed, Oia Residence has registered sale prices 34% below the Motor City median price per square foot of 1,613 AED, across 33 eligible buildings. It ranks 25th of 33 by price per square foot in Motor City.
Market context in Motor City
Registered sales activity
754 ready apartment sales in the 12 months to 2026-10-12.
+11.1% in median AED/sqft versus the preceding year, supported by 754 current and 991 prior price observations.
Explore sales activityPlanned apartment projects
0 known registered units across 0 pending projects planned within one year of the 2026-07-06 register.
1 projects had already passed their planned date; 0 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
8,216 apartments are planned in Motor City from 2026 to 2028, equal to 4.6 times the 1,767 homes let there today.
Ready prices per sqft fell in 35% of 23 buildings (counted once per bedroom type) in Motor City with sales in both years; the typical one moved +5.1%.
The pooled median moved +11.1%: 6.1 points more than the typical building, because different buildings traded in each year.
New-lease rents fell in 55% of 11 buildings (counted once per bedroom type) with leases in both years; the typical one moved −2.0%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
About Oia Residence
Oia Residence is an apartment building completed in 2018 in Motor City with 269 registered units. 413 sales are registered with the Dubai Land Department.
The building, as registered
- Floors
- 6
- Lifts
- 8
- Parking bays
- 401
- Pools
- 2
Drive times · typical
- Downtown
- 23 min · 23 km
- DXB Airport
- 24 min · 32 km
- DIFC
- 20 min · 26 km
- Dubai Marina
- 19 min · 19 km
- Palm Jumeirah
- 25 min · 23 km
Nearest, as registered
- Metro
- Dubai Internet City
- Mall
- Mall of the Emirates
- Landmark
- Motor City
Oia Residence: AED 1,050 per sq ft, level with the median Motor City building, and a 5.6% gross yield, below the area's median building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- Oia ResidenceAED 1,050
- Motor City, readyAED 1,004
- Motor City, off-planAED 1,880
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
Oia ResidenceMotor City median building
- Motor City5.6% vs 6.5%
Nearby in Motor City
Prices per sq ft around Oia Residence, on the mapPrices per sq ft around Oia Residence, on the map
Sierra by Iman
Motor City · 535 sales, 12 months
1.31M
AED, resale median · 1,680/sqft
15 Cascade
Motor City · 153 sales, 12 months
1.56M
AED, resale median · 1,867/sqft
Beverly Grande By HMB Homes
Motor City · 144 sales, 12 months
1.15M
AED, resale median · 1,556/sqft
Eden Apartments
Motor City · 103 sales, 12 months
1.15M
AED, resale median · 890/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 2 bedOn record
- Rental evidence · 2 bedOn record
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a 2 bed here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Oia Residence’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 8,671AED
- 4.5% over 25 years
- Monthly rent
- 10,833AED
- AED 130,000 a year
- Cash needed at purchase
- 535,650AED
- 20% down plus AED 145,650 in fees
Owning costs AED 479,068 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 2.
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Common questions
- What is the rental yield in Oia Residence?
- Oia Residence returns 6.7% gross: a median new-contract rent of AED 130,000 a year (48 Ejari contracts in 12 months) over a price benchmark of AED 1.95M (median of 29 sales in the last 12 months, latest Sept 2026), before service charge, agency fees or vacant months.
- How much does a 2 bedroom in Oia Residence cost?
- The median registered sale price is AED 1.95M (1,058 AED/sqft), from 29 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- What are apartments in Oia Residence selling for right now?
- Registered sales of ready units in Oia Residence over the last 12 months have a median of 1,058 AED/sqft, across 29 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
- Have prices in Oia Residence risen or fallen?
- Median price per square foot moved -3.8% over the last 12 months against the 12 before it, on 29 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- How does Oia Residence compare with Motor City?
- Its 6.7% gross yield sits +0.3 pts against the Motor City median of 6.3%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.
For agents
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Oia Residence sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 29 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /sale/apartments/dubai/motor-city/oia-residence
Cite as: Dubai Wealth Index. “Oia Residence sale prices and yield.” Motor City, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/motor-city/oia-residence
Stable dataJSON