Studio · 490 sqftLoreto 2A, Damac Hills · 4th floor · completed 2017

A404, Loreto 2A

Sold prices and rental history: sold once, by the developer in December 2014, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A404 · DLD and Ejari recordsUpdated 1 January 2021
Last soldAED 755K11 December 2014
Current rentAED 29K /yr1 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A404, Loreto 2A

What is A404 worth today?

Last sold for AED 755,250 in 2014

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1 Jan 2021RentedNew contract
AED 29,000/yr12 months · AED 59 per sqft
1 Oct 2019RentedRenewal
AED 36,000/yr12 months · AED 73 per sqft
1 Oct 2018RentedNew contract
AED 36,000/yr12 months · AED 73 per sqft
11 Dec 2014Sold by developerOff-plan
AED 755,250AED 1,541 per sqft

Source: Dubai Land Department. Updated 1 January 2021.

Key facts

Type
Studio apartment
Size
490 sqft
Floor
4th of 9
Parking
B-30
Developer
DAMAC
Completed
2017
Service charge
AED 5,200 /yr
Last sold
AED 755K · December 2014
Building
Loreto 2A

About A404, Loreto 2A

A404 is a studio of 490 sqft on the 4th floor of Loreto 2A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 11 December 2014 for AED 755,250, or AED 1,541 per sqft, in line with the AED 1,523 studios in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 January 2021, is AED 29,000 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 5,200 a year.

Sales and rents for A404 over time

Sales
Unit A404, each saleTypical studio in Loreto 2A
600K2014201720202023Typical sale price by year: 2014 AED 672,600; 2017 AED 719,000; 2018 AED 713,500; 2024 AED 530,000Sold by developer, December 2014: AED 755,250 (AED 1,541 per sqft)

A404 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit A404, each contractTypical studio in Loreto 2A
30K40K2018202120242027Typical rent by year: 2018 AED 37,000; 2019 AED 35,000; 2020 AED 31,000; 2021 AED 26,500; 2022 AED 29,000; 2023 AED 34,050; 2024 AED 43,500; 2025 AED 45,000; 2026 AED 45,000New contract, October 2018: AED 36,000 a yearRenewal, October 2019: AED 36,000 a yearNew contract, January 2021: AED 29,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Loreto 2A, and where A404 sits

All 25 studios →

A404 last sold in December 2014 at AED 1,541 per sqft, in line with what studios in Loreto 2A were fetching at the time (AED 1,523). A404's AED 29,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Sep 2025635,000
9 Dec 2024500,000
10 Oct 2024595,000
9 Oct 2024450,000
0 studio sales in the last 12 months

Loreto 2A

Building

83 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2017 by DAMAC. 4 sold in the last 12 months.

Typical price per sqft
AED 1,040
Typical sale
AED 1.22M
Typical rent
AED 67K /yr
Typical yield
8.7%
Loreto 2A, Damac Hills: prices, sales and rents →

Other units on the 4th floor

All 83 units in Loreto 2A
Value
A4012-bedAED 2.24M · Nov 2014
A4022-bedAED 1.32M · Mar 2021
A402AStudioAED 458K · Feb 2021
A4031-bedAED 1.1M · Sep 2014
A405StudioAED 731K · Nov 2017
A406StudioAED 719K · Nov 2017
A4071-bedAED 720K · Mar 2023
1–7 of 12

A404, Loreto 2A in numbers

  • Sold once: by DAMAC on 11 December 2014 for AED 755,250, or AED 1,541 per sqft.
  • Rented since October 2018 on 3 Ejari contracts, from AED 36,000 to AED 29,000 a year.
  • At AED 29,000 a year the gross yield on the 2014 price is 3.8%, before a service charge of about AED 5,200 a year (AED 10.63 per sqft).

Source: Dubai Land Department. Updated 1 January 2021.

Questions about A404, Loreto 2A

What did unit A404 last sell for?

AED 755,250 on 11 December 2014, sold by the developer: AED 1,541 per sqft for 490 sqft. It is the only registered sale of the unit.

What is the rent for unit A404?

AED 29,000 a year on the contract signed on 1 January 2021. The previous contract, from October 2019, was AED 36,000; the unit has been rented since October 2018.

How big is unit A404?

490 sqft (45.5 sqm): a studio on the 4th floor of a 9-storey tower completed in 2017.

What is unit A404 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 A404, Loreto 2A

Starts from the last sale price (AED 755K, 11 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 755,250
Deposit, UAE resident (20%)
AED 151,050
Deposit, non-resident (40%)
AED 302,100
Monthly over 25 years at 3.7%
AED 3,090

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →