2-bed · 1,421 sqftLoreto 1A, Damac Hills · 5th floor · completed 2017

A513, Loreto 1A

Sold prices and rental history: sold once, by the developer in October 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A513 · DLD and Ejari recordsUpdated 20 December 2022
Last soldAED 1.6M15 October 2018
Current rentAED 84K /yr20 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A513, Loreto 1A

What is A513 worth today?

Last sold for AED 1,598,850 in 2018

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20 Dec 2022RentedRenewal
AED 84,000/yr12 months · AED 59 per sqft
20 Dec 2021RentedRenewal
AED 80,000/yr12 months · AED 56 per sqft
20 Dec 2020RentedNew contract
AED 80,000/yr12 months · AED 56 per sqft
28 May 2019RentedNew contract
AED 85,000/yr14 months · AED 60 per sqft
15 Oct 2018Sold by developerReady
AED 1,598,850AED 1,125 per sqft

Source: Dubai Land Department. Updated 20 December 2022.

Key facts

Type
2-bed apartment
Size
1,421 sqft
Floor
5th of 9
Parking
G-36
Developer
DAMAC
Completed
2017
Service charge
AED 19,600 /yr
Last sold
AED 1.6M · October 2018
Building
Loreto 1A

About A513, Loreto 1A

A513 is a two-bedroom apartment of 1,421 sqft on the 5th floor of Loreto 1A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 15 October 2018 for AED 1,598,850, or AED 1,125 per sqft, 11% below the AED 1,266 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 20 December 2022, is AED 84,000 a year: a gross yield of 5.3% on the 2018 price, before the service charge of about AED 19,600 a year.

Sales and rents for A513 over time

Sales
Unit A513, each saleTypical two-bed in Loreto 1A
1.6M1.8M20182020202220242026Typical 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, October 2018: AED 1,598,850 (AED 1,125 per sqft)

A513 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A513, 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, May 2019: AED 85,000 a yearNew contract, December 2020: AED 80,000 a yearRenewal, December 2021: AED 80,000 a yearRenewal, December 2022: AED 84,000 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 A513 sits

All 13 2-beds →

A513 last sold in October 2018 at AED 1,125 per sqft, 11% below what two-beds in Loreto 1A were fetching at the time (AED 1,266). 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. A513's AED 84,000 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 5th floor

All 84 units in Loreto 1A
Value
A5013-bedAED 936K · Jan 2019
A5021-bedAED 797K · May 2022
A503StudioAED 625K · Mar 2025
A504StudioAED 640K · Mar 2025
A505StudioAED 500K · Nov 2025
A5061-bedAED 985K · Mar 2019
A5071-bedAED 800K · Jun 2023
1–7 of 12

A513, Loreto 1A in numbers

  • Sold once: by DAMAC on 15 October 2018 for AED 1,598,850, or AED 1,125 per sqft.
  • Rented since May 2019 on 4 Ejari contracts, from AED 85,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2018 price is 5.3%, before a service charge of about AED 19,600 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 20 December 2022.

Questions about A513, Loreto 1A

What did unit A513 last sell for?

AED 1,598,850 on 15 October 2018, sold by the developer: AED 1,125 per sqft for 1,421 sqft. It is the only registered sale of the unit.

What is the rent for unit A513?

AED 84,000 a year on the contract renewed on 20 December 2022. The previous contract, from December 2021, was AED 80,000; the unit has been rented since May 2019.

How big is unit A513?

1,421 sqft (132.0 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.

What is unit A513 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 A513, Loreto 1A

Starts from the last sale price (AED 1.6M, 15 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,598,850
Deposit, UAE resident (20%)
AED 319,770
Deposit, non-resident (40%)
AED 639,540
Monthly over 25 years at 3.7%
AED 6,541

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