B709, Loreto 1B
Sold prices and rental history: sold once, by the developer in March 2021, 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 B709, Loreto 1B
What is B709 worth today?
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Source: Dubai Land Department. Updated 1 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 2,149 sqft
- Floor
- 7th of 9
- Parking
- P2-25 , P2-25A
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 29,700 /yr
- Last sold
- AED 1.76M · March 2021
- Building
- Loreto 1B
About B709, Loreto 1B
B709 is a two-bedroom apartment of 2,149 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 22 March 2021 for AED 1,760,000, or AED 818 per sqft.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 90,000 a year: a gross yield of 5.1% on the 2021 price, before the service charge of about AED 29,700 a year.
Sales and rents for B709 over time
B709 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 B709 sits
All 13 2-beds →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. B709's AED 90,000 is at the bottom 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 | |
| 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, Loreto 1B in numbers
- Sold once: by DAMAC on 22 March 2021 for AED 1,760,000, or AED 818 per sqft.
- Rented since February 2022 on 5 Ejari contracts, from AED 85,000 to AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2021 price is 5.1%, before a service charge of about AED 29,700 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 February 2025.
Questions about B709, Loreto 1B
What did unit B709 last sell for?
AED 1,760,000 on 22 March 2021, sold by the developer: AED 818 per sqft for 2,149 sqft. It is the only registered sale of the unit.
What is the rent for unit B709?
AED 90,000 a year on the contract renewed on 1 February 2025. The previous contract, from February 2025, was AED 90,000; the unit has been rented since February 2022.
How big is unit B709?
2,149 sqft (199.6 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.
What is unit B709 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 B709, Loreto 1B
Starts from the last sale price (AED 1.76M, 22 March 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,760,000
- Deposit, UAE resident (20%)
- AED 352,000
- Deposit, non-resident (40%)
- AED 704,000
- Monthly over 25 years at 3.7%
- AED 7,201
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →