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1-bed · 1,294 sqftLoreto 1B, Damac Hills · 3rd floor · completed 2017

B302, Loreto 1B

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

Unit B302 · DLD and Ejari recordsUpdated 6 March 2021
Last soldAED 1M24 November 2019
Current rentAED 55K /yr6 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B302, Loreto 1B

What is B302 worth today?

Last sold for AED 1,001,000 in 2019

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6 Mar 2021RentedNew contract
AED 54,853/yr12 months · AED 42 per sqft
28 Nov 2019RentedNew contract
AED 77,000/yr12 months · AED 60 per sqft
24 Nov 2019Sold by developerReady
AED 1,001,000AED 773 per sqft

Source: Dubai Land Department. Updated 6 March 2021.

Key facts

Type
1-bed apartment
Size
1,294 sqft
Floor
3rd of 9
Parking
P2-07
Developer
DAMAC
Completed
2017
Service charge
AED 17,900 /yr
Last sold
AED 1M · November 2019
Building
Loreto 1B

About B302, Loreto 1B

B302 is a one-bedroom apartment of 1,294 sqft on the 3rd floor of Loreto 1B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 24 November 2019 for AED 1,001,000, or AED 773 per sqft, 19% below the AED 954 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 6 March 2021, is AED 54,853 a year: a gross yield of 5.5% on the 2019 price, before the service charge of about AED 17,900 a year.

Sales and rents for B302 over time

Sales
Unit B302, each saleTypical one-bed in Loreto 1B
800K1M20192021202320252027Typical sale price by year: 2019 AED 900,000; 2020 AED 822,000; 2021 AED 713,000; 2022 AED 785,000; 2024 AED 1,000,000; 2025 AED 1,095,000; 2026 AED 1,100,000Sold by developer, November 2019: AED 1,001,000 (AED 773 per sqft)

B302 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit B302, each contractTypical one-bed in Loreto 1B
40K60K80K20192021202320252027Typical rent by year: 2019 AED 67,000; 2020 AED 45,000; 2021 AED 45,500; 2022 AED 52,575; 2023 AED 60,000; 2024 AED 72,500; 2025 AED 82,000; 2026 AED 75,000New contract, November 2019: AED 77,000 a yearNew contract, March 2021: AED 54,853 a year

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

1-beds in Loreto 1B, and where B302 sits

All 40 1-beds →

B302 last sold in November 2019 at AED 773 per sqft, 19% below what one-beds in Loreto 1B were fetching at the time (AED 954). Over the last 12 months one-beds sold for AED 970,000 to 1,300,000, around AED 1,373 per sqft, and rent for AED 62,000 to 103,000 a year. B302's AED 54,853 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Jul 2026970,000
11 Jun 20261,300,000
4 May 20261,000,000
5 Mar 20261,200,000
5 1-bed sales in the last 12 months

Loreto 1B

Building

84 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2017 by DAMAC. 8 sold in the last 12 months.

Typical price per sqft
AED 1,342
Typical sale
AED 1.1M
Typical rent
AED 75K /yr
Typical yield
6.9%
Loreto 1B, Damac Hills: prices, sales and rents →

Other units on the 3rd floor

All 84 units in Loreto 1B
Value
B3013-bedAED 3.45M · May 2025
B303StudioAED 715K · Jan 2026
B304StudioAED 768K · Jan 2023
B305StudioAED 770K · May 2023
B3061-bedAED 1M · Mar 2020
B307StudioAED 750K · Aug 2023
B3081-bedAED 1.3M · Nov 2025
1–7 of 11

B302, Loreto 1B in numbers

  • Sold once: by DAMAC on 24 November 2019 for AED 1,001,000, or AED 773 per sqft.
  • Rented since November 2019 on 2 Ejari contracts, from AED 77,000 to AED 54,853 a year.
  • At AED 54,853 a year the gross yield on the 2019 price is 5.5%, before a service charge of about AED 17,900 a year (AED 13.82 per sqft).
  • One-beds in Loreto 1B sold for AED 970,000–1,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,342 per sqft.

Source: Dubai Land Department. Updated 6 March 2021.

Questions about B302, Loreto 1B

What did unit B302 last sell for?

AED 1,001,000 on 24 November 2019, sold by the developer: AED 773 per sqft for 1,294 sqft. It is the only registered sale of the unit.

What is the rent for unit B302?

AED 54,853 a year on the contract signed on 6 March 2021. The previous contract, from November 2019, was AED 77,000.

How big is unit B302?

1,294 sqft (120.2 sqm): a one-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2017.

What is unit B302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Loreto 1B sold for AED 970,000 to 1,300,000 in the last 12 months, around AED 1,373 per sqft.

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Mortgage on B302, Loreto 1B

Starts from the last sale price (AED 1M, 24 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,001,000
Deposit, UAE resident (20%)
AED 200,200
Deposit, non-resident (40%)
AED 400,400
Monthly over 25 years at 3.7%
AED 4,095

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