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

B513, Loreto 1B

Sold prices and rental history: sold twice, last in August 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B513 · DLD and Ejari recordsUpdated 20 August 2024
Last soldAED 1.85M20 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B513, Loreto 1B

What is B513 worth today?

Last sold for AED 1,850,000 in 2024

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20 Aug 2024SoldReady
AED 1,850,000AED 1,302 per sqft
27 Nov 2019Sold by developerReady
AED 1,272,000AED 895 per sqft

Source: Dubai Land Department. Updated 20 August 2024.

Key facts

Type
2-bed apartment
Size
1,421 sqft
Floor
5th of 9
Parking
T2-LP1-13
Developer
DAMAC
Completed
2017
Service charge
AED 19,600 /yr
Last sold
AED 1.85M · August 2024
Building
Loreto 1B

About B513, Loreto 1B

B513 is a two-bedroom apartment of 1,421 sqft on the 5th floor of Loreto 1B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 20 August 2024 for AED 1,850,000, or AED 1,302 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for B513 over time

Sales
Unit B513, each saleTypical two-bed in Loreto 1B
1.5M2019202120232025Typical sale price by year: 2019 AED 1,498,365; 2020 AED 1,293,600; 2022 AED 1,681,500; 2025 AED 1,859,520Sold by developer, November 2019: AED 1,272,000 (AED 895 per sqft)Sold, August 2024: AED 1,850,000 (AED 1,302 per sqft)

B513 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit B513, each contractTypical two-bed in Loreto 1B
100K110K202120232025Typical rent by year: 2021 AED 100,800; 2022 AED 100,000; 2023 AED 100,000; 2024 AED 112,000; 2025 AED 112,500

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

2-beds in Loreto 1B, and where B513 sits

All 13 2-beds →

Over the last 12 months two-beds sold for AED 3,350,000, around AED 1,310 per sqft, and rent for AED 105,000 to 120,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
15 May 20263,350,000
16 Oct 20251,859,520
26 May 20251,650,000
25 Feb 20252,450,000
1 2-bed sale 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
B5013-bedAED 1.77M · Nov 2019
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
1–7 of 12

B513, Loreto 1B in numbers

  • Sold twice: first on 27 November 2019 for AED 1,272,000, last on 20 August 2024 for AED 1,850,000 (AED 1,302 per sqft).
  • Two-beds in Loreto 1B sold for AED 3,350,000–3,350,000 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 20 August 2024.

Questions about B513, Loreto 1B

What did unit B513 last sell for?

AED 1,850,000 on 20 August 2024: AED 1,302 per sqft for 1,421 sqft. The unit has 2 registered sales; the first was AED 1,272,000 in November 2019.

How big is unit B513?

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 B513 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Loreto 1B sold for AED 3,350,000 to 3,350,000 in the last 12 months, around AED 1,310 per sqft.

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Mortgage on B513, Loreto 1B

Starts from the last sale price (AED 1.85M, 20 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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