B503, Loreto 1B
Sold prices and rental history: sold once, by the developer in June 2023, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B503, Loreto 1B
What is B503 worth today?
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Source: Dubai Land Department. Updated 24 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 482 sqft
- Floor
- 5th of 9
- Parking
- G-18
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 6,700 /yr
- Last sold
- AED 629K · June 2023
- Building
- Loreto 1B
About B503, Loreto 1B
B503 is a studio of 482 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 26 June 2023 for AED 629,000, or AED 1,305 per sqft, in line with the AED 1,290 studios in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 24 September 2026, is AED 63,500 a year: a gross yield of 10.1% on the 2023 price, before the service charge of about AED 6,700 a year.
Sales and rents for B503 over time
B503 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Loreto 1B, and where B503 sits
All 22 studios →B503 last sold in June 2023 at AED 1,305 per sqft, in line with what studios in Loreto 1B were fetching at the time (AED 1,290). Over the last 12 months studios sold for AED 715,000 to 778,560, around AED 1,409 per sqft, and rent for AED 40,000 to 65,000 a year. B503's AED 63,500 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Oct 202614 October 2026 | 476 sqft | 778,560 | 1,635 | ||
| 27 Jan 202627 January 2026 | 604 sqft | 715,000 | 1,183 | ||
| 7 Nov 20257 November 2025 | 418 sqft | 760,000 | 1,816 | ||
| 30 May 202530 May 2025 | 476 sqft | 605,000 | 1,270 |
Loreto 1B
Building84 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%
Other units on the 5th floor
All 84 units in Loreto 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B501 | 3-bed | 1,619 sqft | AED 1.77MAED 1,774,080 · Nov 2019November 2019 | 150,000 /yr | |
| B502 | 1-bed | 797 sqft | AED 1.2MAED 1,200,000 · Mar 2026March 2026 | 57,000 /yr | |
| B504 | Studio | 526 sqft | AED 671KAED 670,700 · Jun 2023June 2023 | 50,000 /yr | |
| B505 | Studio | 460 sqft | AED 782KAED 782,000 · May 2025May 2025 | 42,900 /yr | |
| B506 | 1-bed | 815 sqft | AED 820KAED 820,000 · Mar 2021March 2021 | 75,000 /yr | |
| B507 | 1-bed | 817 sqft | AED 768KAED 768,000 · Jan 2020January 2020 | 70,000 /yr | |
| B508 | 1-bed | 794 sqft | AED 748KAED 748,000 · Nov 2019November 2019 | ||
| B509 | 1-bed | 818 sqft | AED 967KAED 967,000 · Mar 2020March 2020 | ||
| B510 | Studio | 476 sqft | AED 779KAED 778,560 · Oct 2026October 2026 | ||
| B511 | 1-bed | 860 sqft | AED 817KAED 817,000 · Jan 2020January 2020 | 82,000 /yr | |
| B512 | 1-bed | 946 sqft | AED 1.3MAED 1,300,000 · Jun 2026June 2026 | 86,000 /yr | |
| B513 | 2-bed | 1,421 sqft | AED 1.85MAED 1,850,000 · Aug 2024August 2024 |
B503, Loreto 1B in numbers
- Sold once: by DAMAC on 26 June 2023 for AED 629,000, or AED 1,305 per sqft.
- Rented since September 2023 on 4 Ejari contracts, from AED 58,500 to AED 63,500 a year.
- At AED 63,500 a year the gross yield on the 2023 price is 10.1%, before a service charge of about AED 6,700 a year (AED 13.82 per sqft).
- Studios in Loreto 1B sold for AED 715,000–778,560 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 24 September 2026.
Questions about B503, Loreto 1B
What did unit B503 last sell for?
AED 629,000 on 26 June 2023, sold by the developer: AED 1,305 per sqft for 482 sqft. It is the only registered sale of the unit.
What is the rent for unit B503?
AED 63,500 a year on the contract signed on 24 September 2026. The previous contract, from September 2025, was AED 62,000; the unit has been rented since September 2023.
How big is unit B503?
482 sqft (44.8 sqm): a studio on the 5th floor of a 9-storey tower completed in 2017.
What is unit B503 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Loreto 1B sold for AED 715,000 to 778,560 in the last 12 months, around AED 1,409 per sqft.
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Mortgage on B503, Loreto 1B
Starts from the last sale price (AED 629K, 26 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 629,000
- Deposit, UAE resident (20%)
- AED 125,800
- Deposit, non-resident (40%)
- AED 251,600
- Monthly over 25 years at 3.7%
- AED 2,573
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →