B603, Loreto 1B
Sold prices and rental history: sold once, by the developer in June 2020, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B603, Loreto 1B
What is B603 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 482 sqft
- Floor
- 6th of 9
- Parking
- T2-LP1-15
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 6,700 /yr
- Last sold
- AED 578K · June 2020
- Building
- Loreto 1B
About B603, Loreto 1B
B603 is a studio of 482 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 30 June 2020 for AED 578,000, or AED 1,199 per sqft, 16% below the AED 1,426 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 1 October 2026, is AED 40,000 a year: a gross yield of 6.9% on the 2020 price, before the service charge of about AED 6,700 a year.
Sales and rents for B603 over time
B603 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 B603 sits
All 22 studios →B603 last sold in June 2020 at AED 1,199 per sqft, 16% below what studios in Loreto 1B were fetching at the time (AED 1,426). 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. B603's AED 40,000 is at the bottom 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 6th floor
All 84 units in Loreto 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B601 | 3-bed | 1,621 sqft | AED 1.8MAED 1,800,000 · Nov 2019November 2019 | 135,000 /yr | |
| B602 | 1-bed | 796 sqft | AED 765KAED 765,000 · Mar 2020March 2020 | 81,023 /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 |
B603, Loreto 1B in numbers
- Sold once: by DAMAC on 30 June 2020 for AED 578,000, or AED 1,199 per sqft.
- Rented since November 2022 on 5 Ejari contracts, from AED 30,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2020 price is 6.9%, 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 1 October 2026.
Questions about B603, Loreto 1B
What did unit B603 last sell for?
AED 578,000 on 30 June 2020, sold by the developer: AED 1,199 per sqft for 482 sqft. It is the only registered sale of the unit.
What is the rent for unit B603?
AED 40,000 a year on the contract signed on 1 October 2026. The previous contract, from November 2025, was AED 46,000; the unit has been rented since November 2022.
How big is unit B603?
482 sqft (44.8 sqm): a studio on the 6th floor of a 9-storey tower completed in 2017.
What is unit B603 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 B603, Loreto 1B
Starts from the last sale price (AED 578K, 30 June 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 578,000
- Deposit, UAE resident (20%)
- AED 115,600
- Deposit, non-resident (40%)
- AED 231,200
- Monthly over 25 years at 3.7%
- AED 2,365
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →