B701, Loreto 1B
Sold prices and rental history: sold once, by the developer in October 2021, 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 B701, Loreto 1B
What is B701 worth today?
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Source: Dubai Land Department. Updated 13 April 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,872 sqft
- Floor
- 7th of 9
- Parking
- UP1-06 , UP1-40
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 25,900 /yr
- Last sold
- AED 1.56M · October 2021
- Building
- Loreto 1B
About B701, Loreto 1B
B701 is a three-bedroom apartment of 1,872 sqft on the 7th floor of Loreto 1B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 24 October 2021 for AED 1,562,000, or AED 834 per sqft.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 13 April 2026, is AED 170,000 a year: a gross yield of 10.9% on the 2021 price, before the service charge of about AED 25,900 a year.
Sales and rents for B701 over time
B701 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 B701 sits
All 9 3-beds →B701's AED 170,000 is in the lower half 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 7th floor
All 84 units in Loreto 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B702 | Studio | 459 sqft | AED 550KAED 550,000 · May 2025May 2025 | 40,000 /yr | |
| B703 | 2-bed | 1,362 sqft | AED 1.19MAED 1,189,720 · Feb 2020February 2020 | 115,000 /yr | |
| B704 | 1-bed | 787 sqft | AED 785KAED 785,000 · Nov 2022November 2022 | 75,000 /yr | |
| B705 | 1-bed | 816 sqft | AED 965KAED 965,000 · Mar 2020March 2020 | ||
| B706 | 1-bed | 794 sqft | AED 756KAED 756,000 · Nov 2019November 2019 | 80,000 /yr | |
| B707 | 2-bed | 1,273 sqft | AED 1.86MAED 1,859,520 · Oct 2025October 2025 | ||
| B708 | 1-bed | 832 sqft | AED 1.02MAED 1,020,000 · Sep 2024September 2024 | 78,000 /yr | |
| B709 | 2-bed | 2,149 sqft | AED 1.76MAED 1,760,000 · Mar 2021March 2021 | 90,000 /yr |
B701, Loreto 1B in numbers
- Sold once: by DAMAC on 24 October 2021 for AED 1,562,000, or AED 834 per sqft.
- Rented since August 2023 on 4 Ejari contracts, from AED 180,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2021 price is 10.9%, before a service charge of about AED 25,900 a year (AED 13.82 per sqft).
Source: Dubai Land Department. Updated 13 April 2026.
Questions about B701, Loreto 1B
What did unit B701 last sell for?
AED 1,562,000 on 24 October 2021, sold by the developer: AED 834 per sqft for 1,872 sqft. It is the only registered sale of the unit.
What is the rent for unit B701?
AED 170,000 a year on the contract renewed on 13 April 2026. The previous contract, from April 2025, was AED 170,000; the unit has been rented since August 2023.
How big is unit B701?
1,872 sqft (173.9 sqm): a three-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.
What is unit B701 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 B701, Loreto 1B
Starts from the last sale price (AED 1.56M, 24 October 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,562,000
- Deposit, UAE resident (20%)
- AED 312,400
- Deposit, non-resident (40%)
- AED 624,800
- Monthly over 25 years at 3.7%
- AED 6,391
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →