2-bed · 2,555 sqftLoreto 1A, Damac Hills · Ground floor · completed 2017

TH4, Loreto 1A

Sold prices and rental history: sold twice, last in October 2023, and rented once, from February 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit TH4 · DLD and Ejari recordsUpdated 31 October 2023
Last soldAED 2.85M31 October 2023
Current rentAED 110K /yr15 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH4, Loreto 1A

What is TH4 worth today?

Last sold for AED 2,850,000 in 2023

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31 Oct 2023SoldReady
AED 2,850,000AED 1,115 per sqft
25 Mar 2022Sold by developerReady
AED 2,032,000AED 795 per sqft
15 Feb 2019RentedNew contract
AED 110,000/yr12 months · AED 43 per sqft

Source: Dubai Land Department. Updated 31 October 2023.

Key facts

Type
2-bed apartment
Size
2,555 sqft
Floor
Ground of 9
Parking
UP1-22 , UP1-44
Developer
DAMAC
Completed
2017
Service charge
AED 35,300 /yr
Last sold
AED 2.85M · October 2023
Building
Loreto 1A

About TH4, Loreto 1A

TH4 is a two-bedroom apartment of 2,555 sqft on the ground floor of Loreto 1A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 31 October 2023 for AED 2,850,000, or AED 1,115 per sqft, 18% above the AED 943 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 February 2019. The current contract, signed on 15 February 2019, is AED 110,000 a year: a gross yield of 3.9% on the 2023 price, before the service charge of about AED 35,300 a year.

Sales and rents for TH4 over time

Sales
Unit TH4, each saleTypical two-bed in Loreto 1A
2M3M20182020202220242026Typical 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, March 2022: AED 2,032,000 (AED 795 per sqft)Sold, October 2023: AED 2,850,000 (AED 1,115 per sqft)

TH4 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit TH4, 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, February 2019: AED 110,000 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 TH4 sits

All 13 2-beds →

TH4 last sold in October 2023 at AED 1,115 per sqft, 18% above what two-beds in Loreto 1A were fetching at the time (AED 943). 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. TH4's AED 110,000 is in the lower half 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 ground floor

All 84 units in Loreto 1A
Value
TH13-bedAED 3.4M · Jun 2025
TH23-bedAED 2.6M · Jun 2021
TH32-bedAED 3.55M · Jul 2026

TH4, Loreto 1A in numbers

  • Sold twice: first on 25 March 2022 for AED 2,032,000, last on 31 October 2023 for AED 2,850,000 (AED 1,115 per sqft).
  • Rented since February 2019 on one Ejari contract, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2023 price is 3.9%, before a service charge of about AED 35,300 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 31 October 2023.

Questions about TH4, Loreto 1A

What did unit TH4 last sell for?

AED 2,850,000 on 31 October 2023: AED 1,115 per sqft for 2,555 sqft. The unit has 2 registered sales; the first was AED 2,032,000 in March 2022.

What is the rent for unit TH4?

AED 110,000 a year on the contract signed on 15 February 2019.

How big is unit TH4?

2,555 sqft (237.4 sqm): a two-bedroom apartment on the ground floor of a 9-storey tower completed in 2017.

What is unit TH4 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 TH4, Loreto 1A

Starts from the last sale price (AED 2.85M, 31 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,850,000
Deposit, UAE resident (20%)
AED 570,000
Deposit, non-resident (40%)
AED 1,140,000
Monthly over 25 years at 3.7%
AED 11,660

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