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2-bed · 2,209 sqftLoreto 1A, Damac Hills · 3rd floor · completed 2017

A312, Loreto 1A

Sold prices and rental history: sold once, by the developer in September 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A312 · DLD and Ejari recordsUpdated 7 September 2022
Last soldAED 1.91M7 September 2022
Current rentAED 85K /yr3 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A312, Loreto 1A

What is A312 worth today?

Last sold for AED 1,911,000 in 2022

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7 Sep 2022Sold by developerReady
AED 1,911,000AED 865 per sqft
3 Apr 2021RentedNew contract
AED 85,000/yr13 months · AED 38 per sqft
1 Oct 2019RentedNew contract
AED 93,259/yr13 months · AED 42 per sqft

Source: Dubai Land Department. Updated 7 September 2022.

Key facts

Type
2-bed apartment
Size
2,209 sqft
Floor
3rd of 9
Parking
T1-B-11
Developer
DAMAC
Completed
2017
Service charge
AED 30,500 /yr
Last sold
AED 1.91M · September 2022
Building
Loreto 1A

About A312, Loreto 1A

A312 is a two-bedroom apartment of 2,209 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 7 September 2022 for AED 1,911,000, or AED 865 per sqft, in line with the AED 865 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 3 April 2021, is AED 85,000 a year: a gross yield of 4.5% on the 2022 price, before the service charge of about AED 30,500 a year.

Sales and rents for A312 over time

Sales
Unit A312, each saleTypical two-bed in Loreto 1A
1.8M20182020202220242026Typical sale price by year: 2018 AED 1,660,725; 2019 AED 1,776,000; 2022 AED 1,911,000; 2023 AED 1,880,000; 2025 AED 1,898,260Sold by developer, September 2022: AED 1,911,000 (AED 865 per sqft)

A312 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A312, each contractTypical two-bed in Loreto 1A
75K100K125K20192021202320252027Typical rent by year: 2019 AED 101,630; 2020 AED 72,500; 2021 AED 81,000; 2022 AED 84,000; 2023 AED 101,600; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 120,375New contract, October 2019: AED 93,259 a yearNew contract, April 2021: AED 85,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Loreto 1A, and where A312 sits

All 13 2-beds →

A312 last sold in September 2022 at AED 865 per sqft, in line with what two-beds in Loreto 1A were fetching at the time (AED 865). Over the last 12 months two-beds sold for AED 3,550,000, around AED 1,386 per sqft, and rent for AED 96,000 to 135,000 a year. A312's AED 85,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Jul 20263,550,000
10 Oct 20251,898,260
15 Aug 20251,945,000
14 Aug 20251,871,540
1 2-bed sale in the last 12 months

Loreto 1A

Building

84 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%
Loreto 1A, Damac Hills: prices, sales and rents →

Other units on the 3rd floor

All 84 units in Loreto 1A
Value
A3013-bedAED 2.57M · Mar 2023
A3021-bedAED 1.18M · Jun 2019
A303StudioAED 582K · Sep 2023
A304StudioAED 764K · Jun 2018
A305StudioAED 725K · Aug 2024
A3061-bedAED 1.01M · Mar 2019
A307StudioAED 724K · May 2018
1–7 of 11

A312, Loreto 1A in numbers

  • Sold once: by DAMAC on 7 September 2022 for AED 1,911,000, or AED 865 per sqft.
  • Rented since October 2019 on 2 Ejari contracts, from AED 93,259 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2022 price is 4.5%, before a service charge of about AED 30,500 a year (AED 13.82 per sqft).
  • Two-beds in Loreto 1A sold for AED 3,550,000–3,550,000 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 7 September 2022.

Questions about A312, Loreto 1A

What did unit A312 last sell for?

AED 1,911,000 on 7 September 2022, sold by the developer: AED 865 per sqft for 2,209 sqft. It is the only registered sale of the unit.

What is the rent for unit A312?

AED 85,000 a year on the contract signed on 3 April 2021. The previous contract, from October 2019, was AED 93,259.

How big is unit A312?

2,209 sqft (205.2 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2017.

What is unit A312 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Loreto 1A sold for AED 3,550,000 to 3,550,000 in the last 12 months, around AED 1,386 per sqft.

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Mortgage on A312, Loreto 1A

Starts from the last sale price (AED 1.91M, 7 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,911,000
Deposit, UAE resident (20%)
AED 382,200
Deposit, non-resident (40%)
AED 764,400
Monthly over 25 years at 3.7%
AED 7,818

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →