B703, Loreto 1B
Sold prices and rental history: sold once, by the developer in February 2020, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B703, Loreto 1B
What is B703 worth today?
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Source: Dubai Land Department. Updated 1 December 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,362 sqft
- Floor
- 7th of 9
- Parking
- UP1-03
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 18,800 /yr
- Last sold
- AED 1.19M · February 2020
- Building
- Loreto 1B
About B703, Loreto 1B
B703 is a two-bedroom apartment of 1,362 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 8 February 2020 for AED 1,189,720, or AED 873 per sqft, in line with the AED 891 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 December 2025, is AED 115,000 a year: a gross yield of 9.7% on the 2020 price, before the service charge of about AED 18,800 a year.
Sales and rents for B703 over time
B703 has sold once; the dashed line is the two-bed median of each year in the building.
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 B703 sits
All 13 2-beds →B703 last sold in February 2020 at AED 873 per sqft, in line with what two-beds in Loreto 1B were fetching at the time (AED 891). 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. B703's AED 115,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 May 202615 May 2026 | 2,555 sqft | 3,350,000 | 1,310 | ||
| 16 Oct 202516 October 2025 | 1,273 sqft | 1,859,520 | 1,460 | ||
| 26 May 202526 May 2025 | 1,262 sqft | 1,650,000 | 1,307 | ||
| 25 Feb 202525 February 2025 | 2,555 sqft | 2,450,000 | 958 |
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 | |
| B702 | Studio | 459 sqft | AED 550KAED 550,000 · May 2025May 2025 | 40,000 /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 |
B703, Loreto 1B in numbers
- Sold once: by DAMAC on 8 February 2020 for AED 1,189,720, or AED 873 per sqft.
- Rented since July 2022 on 3 Ejari contracts, from AED 90,000 to AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2020 price is 9.7%, before a service charge of about AED 18,800 a year (AED 13.82 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 1 December 2025.
Questions about B703, Loreto 1B
What did unit B703 last sell for?
AED 1,189,720 on 8 February 2020, sold by the developer: AED 873 per sqft for 1,362 sqft. It is the only registered sale of the unit.
What is the rent for unit B703?
AED 115,000 a year on the contract signed on 1 December 2025. The previous contract, from July 2024, was AED 104,000; the unit has been rented since July 2022.
How big is unit B703?
1,362 sqft (126.5 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.
What is unit B703 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 B703, Loreto 1B
Starts from the last sale price (AED 1.19M, 8 February 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,189,720
- Deposit, UAE resident (20%)
- AED 237,944
- Deposit, non-resident (40%)
- AED 475,888
- Monthly over 25 years at 3.7%
- AED 4,868
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →