B702, Loreto 1B
Sold prices and rental history: sold twice, last in May 2025, 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 B702, Loreto 1B
What is B702 worth today?
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Source: Dubai Land Department. Updated 19 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 459 sqft
- Floor
- 7th of 9
- Parking
- T2-UP1-02
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 6,300 /yr
- Last sold
- AED 550K · May 2025
- Building
- Loreto 1B
About B702, Loreto 1B
B702 is a studio of 459 sqft on the 7th floor of Loreto 1B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 3 May 2025 for AED 550,000, or AED 1,199 per sqft, in line with the AED 1,198 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 19 May 2026, is AED 40,000 a year: a gross yield of 7.3% on the 2025 price, before the service charge of about AED 6,300 a year.
Sales and rents for B702 over time
B702 has sold twice; 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 B702 sits
All 22 studios →B702 last sold in May 2025 at AED 1,199 per sqft, in line with what studios in Loreto 1B were fetching at the time (AED 1,198). 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. B702'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 7th floor
All 84 units in Loreto 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B701 | 3-bed | 1,872 sqft | AED 1.56MAED 1,562,000 · Oct 2021October 2021 | 170,000 /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 |
B702, Loreto 1B in numbers
- Sold twice: first on 18 December 2019 for AED 661,000, last on 3 May 2025 for AED 550,000 (AED 1,199 per sqft).
- Rented since May 2022 on 5 Ejari contracts, from AED 25,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2025 price is 7.3%, before a service charge of about AED 6,300 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 19 May 2026.
Questions about B702, Loreto 1B
What did unit B702 last sell for?
AED 550,000 on 3 May 2025: AED 1,199 per sqft for 459 sqft. The unit has 2 registered sales; the first was AED 661,000 in December 2019.
What is the rent for unit B702?
AED 40,000 a year on the contract renewed on 19 May 2026. The previous contract, from May 2025, was AED 47,000; the unit has been rented since May 2022.
How big is unit B702?
459 sqft (42.6 sqm): a studio on the 7th floor of a 9-storey tower completed in 2017.
What is unit B702 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 B702, Loreto 1B
Starts from the last sale price (AED 550K, 3 May 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →