Efficient catalytic water splitting demands advanced catalysts to improve the slow kinetics of the oxygen evolution reaction (OER). Earth-abundant transition metal oxides show promising OER activity in alkaline media. However, most experimental information available is either from post-mortem studies or in situ space-averaged X-ray techniques in the micrometer range. Therefore, the composition of the active centers under operando conditions is still under debate. In this work, we combine nanoscopic and spectroscopic measurements on the hydroxylation of molecular beam epitaxy (MBE)-prepared Ni and NiFe oxides nanoislands with operando local investigations of Ni and NiFe hydroxide electrocatalysts under OER conditions to reveal the nature of the active centers in 2D OER catalysts. Our results reveal that Fe doping increases the active surface area by island fragmentation, and boosts the intrinsic activity by creating optimized active centers consisting of both Ni and Fe atoms. In addition, our findings show that operando characterization at the nanoscale is crucial to reveal the dynamic nature of the interface of 2D catalysts under reaction conditions.