A304, Loreto 1A
Sold prices and rental history: sold once, by the developer in June 2018, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for A304, Loreto 1A
What is A304 worth today?
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Source: Dubai Land Department. Updated 14 June 2024.
Key facts
- Type
- Studio apartment
- Size
- 641 sqft
- Floor
- 3rd of 9
- Parking
- B-03
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 8,900 /yr
- Last sold
- AED 764K · June 2018
- Building
- Loreto 1A
About A304, Loreto 1A
A304 is a studio of 641 sqft on the 3rd floor of Loreto 1A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 13 June 2018 for AED 764,000, or AED 1,191 per sqft, 11% below the AED 1,342 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 14 June 2024, is AED 45,000 a year: a gross yield of 5.9% on the 2018 price, before the service charge of about AED 8,900 a year.
Sales and rents for A304 over time
A304 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Loreto 1A, and where A304 sits
All 22 studios →A304 last sold in June 2018 at AED 1,191 per sqft, 11% below what studios in Loreto 1A were fetching at the time (AED 1,342). Over the last 12 months studios sold for AED 500,000 to 650,000, around AED 1,237 per sqft, and rent for AED 40,000 to 60,000 a year. A304's AED 45,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 May 202621 May 2026 | 476 sqft | 600,000 | 1,260 | ||
| 20 May 202620 May 2026 | 461 sqft | 570,000 | 1,237 | ||
| 12 May 202612 May 2026 | 526 sqft | 620,000 | 1,179 | ||
| 24 Nov 202524 November 2025 | 460 sqft | 500,000 | 1,087 |
Loreto 1A
Building84 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2017 by DAMAC. 9 sold in the last 12 months.
- Typical price per sqft
- AED 1,237
- Typical sale
- AED 650K
- Typical rent
- AED 67K /yr
- Typical yield
- 7.0%
Other units on the 3rd floor
All 84 units in Loreto 1A| ValueToday's value | |||||
|---|---|---|---|---|---|
| A301 | 3-bed | 3,237 sqft | AED 2.57MAED 2,565,640 · Mar 2023March 2023 | ||
| A302 | 1-bed | 1,317 sqft | AED 1.18MAED 1,181,000 · Jun 2019June 2019 | 60,900 /yr | |
| A303 | Studio | 615 sqft | AED 582KAED 581,600 · Sep 2023September 2023 | 25,000 /yr | |
| A305 | Studio | 597 sqft | AED 725KAED 725,000 · Aug 2024August 2024 | 33,000 /yr | |
| A306 | 1-bed | 862 sqft | AED 1.01MAED 1,007,000 · Mar 2019March 2019 | 80,000 /yr | |
| A307 | Studio | 539 sqft | AED 724KAED 724,000 · May 2018May 2018 | 45,000 /yr | |
| A308 | 1-bed | 818 sqft | AED 987KAED 987,000 · Mar 2019March 2019 | 70,000 /yr | |
| A309 | Studio | 475 sqft | AED 798KAED 798,000 · Oct 2025October 2025 | 45,000 /yr | |
| A310 | 1-bed | 856 sqft | AED 1.13MAED 1,129,000 · Jul 2018July 2018 | 70,000 /yr | |
| A311 | 1-bed | 946 sqft | AED 1.19MAED 1,188,000 · Jul 2018July 2018 | 65,000 /yr | |
| A312 | 2-bed | 2,209 sqft | AED 1.91MAED 1,911,000 · Sep 2022September 2022 | 85,000 /yr |
A304, Loreto 1A in numbers
- Sold once: by DAMAC on 13 June 2018 for AED 764,000, or AED 1,191 per sqft.
- Rented since November 2018 on 6 Ejari contracts. The rent fell from AED 38,000 to AED 30,000 in 2021 and recovered to AED 45,000 by June 2024.
- At AED 45,000 a year the gross yield on the 2018 price is 5.9%, before a service charge of about AED 8,900 a year (AED 13.82 per sqft).
- Studios in Loreto 1A sold for AED 500,000–650,000 in the 12 months to November 2026; the building's median across all types is AED 1,237 per sqft.
Source: Dubai Land Department. Updated 14 June 2024.
Questions about A304, Loreto 1A
What did unit A304 last sell for?
AED 764,000 on 13 June 2018, sold by the developer: AED 1,191 per sqft for 641 sqft. It is the only registered sale of the unit.
What is the rent for unit A304?
AED 45,000 a year on the contract signed on 14 June 2024. The previous contract, from November 2022, was AED 32,000; the unit has been rented since November 2018.
How big is unit A304?
641 sqft (59.6 sqm): a studio on the 3rd floor of a 9-storey tower completed in 2017.
What is unit A304 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Loreto 1A sold for AED 500,000 to 650,000 in the last 12 months, around AED 1,237 per sqft.
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Mortgage on A304, Loreto 1A
Starts from the last sale price (AED 764K, 13 June 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 764,000
- Deposit, UAE resident (20%)
- AED 152,800
- Deposit, non-resident (40%)
- AED 305,600
- Monthly over 25 years at 3.7%
- AED 3,126
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →