B601, 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.
Property timeline for B601, Loreto 1B
What is B601 worth today?
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Source: Dubai Land Department. Updated 24 August 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,621 sqft
- Floor
- 6th of 9
- Parking
- G-25
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 22,400 /yr
- Last sold
- AED 1.8M · November 2019
- Building
- Loreto 1B
About B601, Loreto 1B
B601 is a three-bedroom apartment of 1,621 sqft on the 6th floor of Loreto 1B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 18 November 2019 for AED 1,800,000, or AED 1,110 per sqft.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 24 August 2023, is AED 135,000 a year: a gross yield of 7.5% on the 2019 price, before the service charge of about AED 22,400 a year.
Sales and rents for B601 over time
B601 has sold once; the dashed line is the three-bed median of each year in the building.
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 B601 sits
All 9 3-beds →B601's AED 135,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 May 202516 May 2025 | 3,211 sqft | 3,450,000 | 1,074 | ||
| 15 Oct 202415 October 2024 | 1,787 sqft | 2,260,000 | 1,264 | ||
| 30 Jul 202430 July 2024 | 3,211 sqft | 2,473,000 | 770 | ||
| 6 Dec 20226 December 2022 | 1,619 sqft | 1,231,200 | 760 |
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 6th floor
All 84 units in Loreto 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B602 | 1-bed | 796 sqft | AED 765KAED 765,000 · Mar 2020March 2020 | 81,023 /yr | |
| B603 | Studio | 482 sqft | AED 578KAED 578,000 · Jun 2020June 2020 | 40,000 /yr | |
| B604 | Studio | 526 sqft | AED 630KAED 630,000 · Jan 2025January 2025 | 44,000 /yr | |
| B605 | Studio | 461 sqft | AED 652KAED 652,000 · Sep 2023September 2023 | 45,000 /yr | |
| B606 | 1-bed | 815 sqft | AED 970KAED 970,000 · Nov 2019November 2019 | 72,500 /yr | |
| B607 | 1-bed | 816 sqft | AED 928KAED 928,060 · Nov 2022November 2022 | 70,000 /yr | |
| B608 | 1-bed | 794 sqft | AED 935KAED 935,000 · Nov 2019November 2019 | 75,000 /yr | |
| B609 | 1-bed | 818 sqft | AED 783KAED 783,000 · Feb 2020February 2020 | 70,000 /yr | |
| B610 | Studio | 476 sqft | AED 605KAED 605,000 · May 2025May 2025 | 66,000 /yr | |
| B611 | 1-bed | 860 sqft | AED 822KAED 822,000 · Jan 2020January 2020 | 80,000 /yr | |
| B612 | 1-bed | 946 sqft | AED 1.12MAED 1,123,000 · Dec 2019December 2019 | 80,000 /yr | |
| B613 | 2-bed | 1,421 sqft | AED 1.37MAED 1,372,000 · Feb 2020February 2020 | 125,000 /yr |
B601, Loreto 1B in numbers
- Sold once: by DAMAC on 18 November 2019 for AED 1,800,000, or AED 1,110 per sqft.
- Rented since November 2019 on 3 Ejari contracts, from AED 156,000 to AED 135,000 a year.
- At AED 135,000 a year the gross yield on the 2019 price is 7.5%, before a service charge of about AED 22,400 a year (AED 13.82 per sqft).
Source: Dubai Land Department. Updated 24 August 2023.
Questions about B601, Loreto 1B
What did unit B601 last sell for?
AED 1,800,000 on 18 November 2019, sold by the developer: AED 1,110 per sqft for 1,621 sqft. It is the only registered sale of the unit.
What is the rent for unit B601?
AED 135,000 a year on the contract signed on 24 August 2023. The previous contract, from November 2020, was AED 135,000; the unit has been rented since November 2019.
How big is unit B601?
1,621 sqft (150.6 sqm): a three-bedroom apartment on the 6th floor of a 9-storey tower completed in 2017.
What is unit B601 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 B601, Loreto 1B
Starts from the last sale price (AED 1.8M, 18 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,800,000
- Deposit, UAE resident (20%)
- AED 360,000
- Deposit, non-resident (40%)
- AED 720,000
- Monthly over 25 years at 3.7%
- AED 7,364
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →