A408, Loreto 2A
Sold prices and rental history: sold once, by the developer in August 2014, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for A408, Loreto 2A
What is A408 worth today?
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Source: Dubai Land Department. Updated 15 September 2020.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 4th of 9
- Parking
- G-2
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 9,400 /yr
- Last sold
- AED 1.17M · August 2014
- Building
- Loreto 2A
About A408, Loreto 2A
A408 is a one-bedroom apartment of 886 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 25 August 2014 for AED 1,166,600, or AED 1,316 per sqft, in line with the AED 1,320 one-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 15 September 2020, is AED 48,000 a year: a gross yield of 4.1% on the 2014 price, before the service charge of about AED 9,400 a year.
Sales and rents for A408 over time
A408 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Loreto 2A, and where A408 sits
All 36 1-beds →A408 last sold in August 2014 at AED 1,316 per sqft, in line with what one-beds in Loreto 2A were fetching at the time (AED 1,320). Over the last 12 months one-beds sold for AED 1,170,000 to 1,250,000, around AED 951 per sqft, and rent for AED 69,000 to 120,000 a year. A408's AED 48,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 1,314 sqft | 1,250,000 | 951 | ||
| 24 Aug 202624 August 2026 | 1,314 sqft | 1,170,000 | 890 | ||
| 9 Feb 20269 February 2026 | 843 sqft | 1,180,000 | 1,399 | ||
| 19 Aug 202519 August 2025 | 975 sqft | 1,188,232 | 1,219 |
Loreto 2A
Building83 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%
Other units on the 4th floor
All 83 units in Loreto 2A| ValueToday's value | |||||
|---|---|---|---|---|---|
| A401 | 2-bed | 1,457 sqft | AED 2.24MAED 2,236,300 · Nov 2014November 2014 | 125,000 /yr | |
| A402 | 2-bed | 1,625 sqft | AED 1.32MAED 1,320,000 · Mar 2021March 2021 | 145,000 /yr | |
| A402A | Studio | 321 sqft | AED 458KAED 458,000 · Feb 2021February 2021 | ||
| A403 | 1-bed | 808 sqft | AED 1.1MAED 1,097,250 · Sep 2014September 2014 | 80,000 /yr | |
| A404 | Studio | 490 sqft | AED 755KAED 755,250 · Dec 2014December 2014 | 29,000 /yr | |
| A405 | Studio | 530 sqft | AED 731KAED 731,000 · Nov 2017November 2017 | 44,000 /yr | |
| A406 | Studio | 522 sqft | AED 719KAED 719,000 · Nov 2017November 2017 | 45,000 /yr | |
| A407 | 1-bed | 841 sqft | AED 720KAED 720,000 · Mar 2023March 2023 | 62,000 /yr | |
| A409 | 1-bed | 852 sqft | AED 700KAED 700,000 · Oct 2018October 2018 | ||
| A410 | 1-bed | 1,021 sqft | AED 1.06MAED 1,061,000 · Dec 2022December 2022 | 85,000 /yr | |
| A411 | 2-bed | 1,456 sqft | AED 1.23MAED 1,234,348 · Aug 2021August 2021 | 125,000 /yr | |
| A412 | Studio | 454 sqft | AED 734KAED 734,350 · Oct 2014October 2014 | 40,000 /yr |
A408, Loreto 2A in numbers
- Sold once: by DAMAC on 25 August 2014 for AED 1,166,600, or AED 1,316 per sqft.
- Rented since July 2018 on 3 Ejari contracts, from AED 65,000 to AED 48,000 a year.
- At AED 48,000 a year the gross yield on the 2014 price is 4.1%, before a service charge of about AED 9,400 a year (AED 10.63 per sqft).
- One-beds in Loreto 2A sold for AED 1,170,000–1,250,000 in the 12 months to November 2026; the building's median across all types is AED 1,040 per sqft.
Source: Dubai Land Department. Updated 15 September 2020.
Questions about A408, Loreto 2A
What did unit A408 last sell for?
AED 1,166,600 on 25 August 2014, sold by the developer: AED 1,316 per sqft for 886 sqft. It is the only registered sale of the unit.
What is the rent for unit A408?
AED 48,000 a year on the contract signed on 15 September 2020. The previous contract, from July 2019, was AED 58,000; the unit has been rented since July 2018.
How big is unit A408?
886 sqft (82.3 sqm): a one-bedroom apartment on the 4th floor of a 9-storey tower completed in 2017.
What is unit A408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Loreto 2A sold for AED 1,170,000 to 1,250,000 in the last 12 months, around AED 951 per sqft.
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Mortgage on A408, Loreto 2A
Starts from the last sale price (AED 1.17M, 25 August 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,166,600
- Deposit, UAE resident (20%)
- AED 233,320
- Deposit, non-resident (40%)
- AED 466,640
- Monthly over 25 years at 3.7%
- AED 4,773
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →