PropertyIndex

OIA Residence

Completed · Q3 2018|269 units · 1 building

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OIA Residence is a completed apartment development by UNION PROPERTIES (P.J.S.C) in Motor City, Al Hebiah First, comprising 269 registered units. 407 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,047 per sqft. At AED 1,047 per sqft, OIA Residence prices 37% below the Motor City average of AED 1,675 per sqft on registered sales.

PIX© price · 2.1% YoY
1.88MAED
Typical
1,047AED
PSF
Gross yield
7.9%
PIX© rent ÷ PIX© price
Sale records
407
DLD · all time
Rent contracts
1,019
Ejari · all time
OIA Residence

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
805 – 3,814 sqft
2691.88M1,0472.1%148K7.9%
1 Bed · Apartment
805 – 1,222 sqft
48
2 Bed · Apartment
1,285 – 2,353 sqft
134
3 Bed · Apartment
1,786 – 3,773 sqft
67
4 Bed · Apartment
2,379 – 3,814 sqft
20
Sales — Project-Wide407 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
6 Aug 20263 BedFloor G1,9082,550,0001,336+70.0%PremiumStandard Sale
31 Jul 20262 BedFloor 21,7961,760,000980+13.0%StandardStandard Sale
31 Jul 20262 BedFloor 41,6722,060,0001,232+42.0%PremiumStandard Sale
Rentals — Project-Wide1,019 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
10 Aug 20261 BedFloor 491688,00096Premiumnew
9 Aug 20263 BedFloor G2,247165,000730.0%Standardnew
9 Aug 20263 BedFloor G2,247165,00073+59.0%Standardnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Motor City

The closest-priced registered projects in Motor City.

Common questions about OIA Residence

Answered from Dubai Land Department registered transactions.

How much does a property in OIA Residence cost?

Property in OIA Residence sells at a current PIX© price of AED 1,047 per sqft, or about AED 1,882,219 for a typical unit, based on 407 sales registered with the Dubai Land Department.

Is OIA Residence completed?

Yes. OIA Residence is recorded as completed in the Dubai Land Department project register (completed q3 2018).

Who is the developer of OIA Residence?

OIA Residence is developed by UNION PROPERTIES (P.J.S.C), the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in OIA Residence?

OIA Residence yields 7.9% gross, calculated from current PIX© rent against current PIX© sale price, across 1,019 registered Ejari contracts.

How many units are in OIA Residence?

OIA Residence holds 269 registered units, per the Dubai Land Department unit register.

Have prices in OIA Residence gone up or down?

Price per sqft has fallen -2.1% over the last 12 months, to AED 1,047, across 407 registered sales.