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3-bed · 1,619 sqftLoreto 1B, Damac Hills · 5th floor · completed 2017

B501, Loreto 1B

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

Unit B501 · DLD and Ejari recordsUpdated 19 August 2025
Last soldAED 1.77M24 November 2019
Current rentAED 150K /yr19 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B501, Loreto 1B

What is B501 worth today?

Last sold for AED 1,774,080 in 2019

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19 Aug 2025RentedNew contract
AED 150,000/yr12 months · AED 93 per sqft
15 Jul 2024RentedRenewal
AED 115,000/yr12 months · AED 71 per sqft
15 Jul 2023RentedNew contract
AED 104,500/yr12 months · AED 65 per sqft
15 Jul 2022RentedNew contract
AED 95,000/yr12 months · AED 59 per sqft
15 Jul 2021RentedNew contract
AED 95,000/yr12 months · AED 59 per sqft
1 Jul 2020RentedNew contract
AED 95,000/yr12 months · AED 59 per sqft
19 Dec 2019RentedNew contract
AED 156,000/yr12 months · AED 96 per sqft
24 Nov 2019Sold by developerReady
AED 1,774,080AED 1,095 per sqft

Source: Dubai Land Department. Updated 19 August 2025.

Key facts

Type
3-bed apartment
Size
1,619 sqft
Floor
5th of 9
Parking
G-16
Developer
DAMAC
Completed
2017
Service charge
AED 22,400 /yr
Last sold
AED 1.77M · November 2019
Building
Loreto 1B

About B501, Loreto 1B

B501 is a three-bedroom apartment of 1,619 sqft on the 5th 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 1,774,080, or AED 1,095 per sqft.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 19 August 2025, is AED 150,000 a year: a gross yield of 8.5% on the 2019 price, before the service charge of about AED 22,400 a year.

Sales and rents for B501 over time

Sales
Unit B501, each saleTypical three-bed in Loreto 1B
1.8M2M2.2M201920202021Typical sale price by year: 2019 AED 1,800,000; 2020 AED 2,200,000Sold by developer, November 2019: AED 1,774,080 (AED 1,095 per sqft)

B501 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit B501, each contractTypical three-bed in Loreto 1B
100K150K200K20192021202320252027Typical rent by year: 2020 AED 110,000; 2021 AED 115,500; 2023 AED 143,000; 2024 AED 151,000; 2025 AED 185,000; 2026 AED 170,000New contract, December 2019: AED 156,000 a yearNew contract, July 2020: AED 95,000 a yearNew contract, July 2021: AED 95,000 a yearNew contract, July 2022: AED 95,000 a yearNew contract, July 2023: AED 104,500 a yearRenewal, July 2024: AED 115,000 a yearNew contract, August 2025: AED 150,000 a year

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

3-beds in Loreto 1B, and where B501 sits

All 9 3-beds →

B501's AED 150,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
16 May 20253,450,000
15 Oct 20242,260,000
30 Jul 20242,473,000
6 Dec 20221,231,200
0 3-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 5th floor

All 84 units in Loreto 1B
Value
B5021-bedAED 1.2M · Mar 2026
B503StudioAED 629K · Jun 2023
B504StudioAED 671K · Jun 2023
B505StudioAED 782K · May 2025
B5061-bedAED 820K · Mar 2021
B5071-bedAED 768K · Jan 2020
B5081-bedAED 748K · Nov 2019
1–7 of 12

B501, Loreto 1B in numbers

  • Sold once: by DAMAC on 24 November 2019 for AED 1,774,080, or AED 1,095 per sqft.
  • Rented since December 2019 on 7 Ejari contracts. The rent fell from AED 156,000 to AED 95,000 in 2022 and recovered to AED 150,000 by August 2025.
  • At AED 150,000 a year the gross yield on the 2019 price is 8.5%, before a service charge of about AED 22,400 a year (AED 13.82 per sqft).

Source: Dubai Land Department. Updated 19 August 2025.

Questions about B501, Loreto 1B

What did unit B501 last sell for?

AED 1,774,080 on 24 November 2019, sold by the developer: AED 1,095 per sqft for 1,619 sqft. It is the only registered sale of the unit.

What is the rent for unit B501?

AED 150,000 a year on the contract signed on 19 August 2025. The previous contract, from July 2024, was AED 115,000; the unit has been rented since December 2019.

How big is unit B501?

1,619 sqft (150.4 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.

What is unit B501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on B501, Loreto 1B

Starts from the last sale price (AED 1.77M, 24 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,774,080
Deposit, UAE resident (20%)
AED 354,816
Deposit, non-resident (40%)
AED 709,632
Monthly over 25 years at 3.7%
AED 7,258

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