1-bed · 852 sqftLoreto 2A, Damac Hills · 4th floor · completed 2017

A409, Loreto 2A

Sold prices and rental history: sold twice, last in October 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A409 · DLD and Ejari recordsUpdated 10 October 2018
Last soldAED 700K10 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A409, Loreto 2A

What is A409 worth today?

Last sold for AED 700,000 in 2018

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10 Oct 2018SoldReady
AED 700,000AED 821 per sqft
25 Aug 2014Sold by developerOff-plan
AED 1,123,850AED 1,319 per sqft

Source: Dubai Land Department. Updated 10 October 2018.

Key facts

Type
1-bed apartment
Size
852 sqft
Floor
4th of 9
Parking
G-3
Developer
DAMAC
Completed
2017
Service charge
AED 9,100 /yr
Last sold
AED 700K · October 2018
Building
Loreto 2A

About A409, Loreto 2A

A409 is a one-bedroom apartment of 852 sqft on the 4th floor of Loreto 2A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 10 October 2018 for AED 700,000, or AED 821 per sqft, 20% below the AED 1,030 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for A409 over time

Sales
Unit A409, each saleTypical one-bed in Loreto 2A
1M1.5M2014201820222026Typical sale price by year: 2014 AED 1,123,850; 2015 AED 1,368,950; 2017 AED 964,180; 2018 AED 1,026,500; 2020 AED 730,000; 2021 AED 635,000; 2022 AED 1,050,000; 2023 AED 750,000; 2025 AED 1,080,000; 2026 AED 1,180,000Sold by developer, August 2014: AED 1,123,850 (AED 1,319 per sqft)Sold, October 2018: AED 700,000 (AED 821 per sqft)

A409 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit A409, each contractTypical one-bed in Loreto 2A
60K80K2018202120242027Typical rent by year: 2018 AED 62,000; 2019 AED 55,000; 2020 AED 49,000; 2021 AED 47,000; 2022 AED 50,290; 2023 AED 60,000; 2024 AED 75,000; 2025 AED 85,000; 2026 AED 85,000

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 A409 sits

All 36 1-beds →

A409 last sold in October 2018 at AED 821 per sqft, 20% below what one-beds in Loreto 2A were fetching at the time (AED 1,030). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Oct 20261,250,000
24 Aug 20261,170,000
9 Feb 20261,180,000
19 Aug 20251,188,232
3 1-bed 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
A404StudioAED 755K · Dec 2014
A405StudioAED 731K · Nov 2017
A406StudioAED 719K · Nov 2017
1–7 of 12

A409, Loreto 2A in numbers

  • Sold twice: first on 25 August 2014 for AED 1,123,850, last on 10 October 2018 for AED 700,000 (AED 821 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 10 October 2018.

Questions about A409, Loreto 2A

What did unit A409 last sell for?

AED 700,000 on 10 October 2018: AED 821 per sqft for 852 sqft. The unit has 2 registered sales; the first was AED 1,123,850 in August 2014.

How big is unit A409?

852 sqft (79.2 sqm): a one-bedroom apartment on the 4th floor of a 9-storey tower completed in 2017.

What is unit A409 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 A409, Loreto 2A

Starts from the last sale price (AED 700K, 10 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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