Oia Residence
About the project
(sq. ft.)
Oia Residence is a six-storey residential complex located in Motor City, Dubai. The project was developed by Union Properties and was implemented in 2018. The building was designed using a Greek architectural style that is reminiscent of the white and blue coloured houses on the island of Santorini.
The complex has a total of 269 residential units, and properties include one- to four-bedroom apartments that range in size from 83 sq. m (900 sq. ft) to 343 sq. m (3,696 sq. ft). Four-bedroom units come in two different layouts, some with two levels, and have six bathrooms. All apartments include spacious terraces and interior design inspired by Greek culture. Most units also have staff accommodations.
Residents can enjoy a variety of amenities, including:
- Outdoor swimming pools
- Rooftop garden with lounge area
- Event space
- Gym
- Squash court
- Children’s playground
- Elevators
- Underground parking 418 vehicles
- 24-hour security
- Cleaning and maintenance services
- Communication system
- Waste disposal
- Lobby with reception area
- Concierge services
The starting price for a one-bedroom apartment is AED 840,000 (USD 228,690).
*The price is valid for 2021
Buy Similar Property in Motor City
The Community, Motor City
Listing by
Metropolitan Premium Properties
Property Information
- Location Motor City, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1-6BR
- Area from 900 sq. ft.
- Total Amount of Units 269
Location
Oia Residence is located in the vibrant neighbourhood of Motor City, which is surrounded by residential and commercial buildings. Residents have easy access to public transportation. The nearest bus stops, Motor City and Spinneys Market 2, can be reached within a five-minute walk of the complex, and the First Abu Dhabi Bank Metro Station is situated within a 12-minute walk.
Residents can choose from a selection of local restaurants and cafes. Tomato and Basilico, StepUp, and Falafel are located within a five-minute walk of the apartments. For groceries, residents can shop at Spinneys, Lifco, Carrefour Market. Lifestyle Market, and Windsor Park, which are also situated within a five-minute walk.
The community is home to the GEMS Metropole School. Residents can take advantage of nearby attractions that can be reached within a 10- to 15-minute drive of the complex, including:
- Balloon Adventures Dubai
- The Selfie Kingdom
- Dubai Miracle Garden
- Dubai Autodrome
Payback
Oia Residence offers many profitable real estate investment opportunities. Units can be purchased to subsequently rent out, which can generate a steady income. The annual rental rate for a one-bedroom apartment is AED 58,000 (USD 15,790), a figure that is considered to be one of the most budget-friendly options in Motor City. The complex is also known for providing an abundance of amenities, which ensures demand for properties.
Two-bedroom apartments have a return on investment rate of 8.1%, and four-bedroom units have a return rate of 6.3%, which is a good indicator for investors.
*The price is valid for 2021
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Metropolitan Premium Properties
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[email protected]
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+971 54 321 9259
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Office 1913, Al Manara Tower,
Business Bay, Dubai, UAE
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