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2-bed · 1,702 sqftLoreto 2A, Damac Hills · 5th floor · completed 2017

A501, Loreto 2A

Sold prices and rental history: sold once, by the developer in August 2014, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A501 · DLD and Ejari recordsUpdated 25 September 2024
Last soldAED 2.43M31 August 2014
Current rentAED 110K /yr25 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A501, Loreto 2A

What is A501 worth today?

Last sold for AED 2,432,950 in 2014

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25 Sep 2024RentedRenewal
AED 110,000/yr12 months · AED 65 per sqft
25 Sep 2023RentedRenewal
AED 100,000/yr12 months · AED 59 per sqft
25 Sep 2022RentedRenewal
AED 90,000/yr12 months · AED 53 per sqft
25 Sep 2021RentedRenewal
AED 90,000/yr12 months · AED 53 per sqft
25 Sep 2020RentedNew contract
AED 90,000/yr12 months · AED 53 per sqft
31 Aug 2014Sold by developerOff-plan
AED 2,432,950AED 1,429 per sqft

Source: Dubai Land Department. Updated 25 September 2024.

Key facts

Type
2-bed apartment
Size
1,702 sqft
Floor
5th of 9
Parking
LP1-28 , LP1-33
Developer
DAMAC
Completed
2017
Service charge
AED 18,100 /yr
Last sold
AED 2.43M · August 2014
Building
Loreto 2A

About A501, Loreto 2A

A501 is a two-bedroom apartment of 1,702 sqft on the 5th floor of Loreto 2A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 31 August 2014 for AED 2,432,950, or AED 1,429 per sqft, in line with the AED 1,405 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 25 September 2024, is AED 110,000 a year: a gross yield of 4.5% on the 2014 price, before the service charge of about AED 18,100 a year.

Sales and rents for A501 over time

Sales
Unit A501, each saleTypical two-bed in Loreto 2A
2M2014201720202023Typical sale price by year: 2014 AED 2,312,300; 2019 AED 1,513,640; 2021 AED 1,268,031; 2022 AED 1,690,500Sold by developer, August 2014: AED 2,432,950 (AED 1,429 per sqft)

A501 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A501, each contractTypical two-bed in Loreto 2A
100K150K20192021202320252027Typical rent by year: 2019 AED 103,650; 2020 AED 95,000; 2021 AED 90,000; 2022 AED 97,500; 2023 AED 150,000; 2024 AED 150,000; 2025 AED 140,000; 2026 AED 132,500New contract, September 2020: AED 90,000 a yearRenewal, September 2021: AED 90,000 a yearRenewal, September 2022: AED 90,000 a yearRenewal, September 2023: AED 100,000 a yearRenewal, September 2024: AED 110,000 a year

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

2-beds in Loreto 2A, and where A501 sits

All 18 2-beds →

A501 last sold in August 2014 at AED 1,429 per sqft, in line with what two-beds in Loreto 2A were fetching at the time (AED 1,405). A501's AED 110,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 May 20253,000,000
13 Jun 20241,700,000
8 May 20241,570,000
28 Apr 20232,098,000
0 2-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 5th floor

All 83 units in Loreto 2A
Value
A502AStudioAED 450K · Oct 2024
A5031-bedAED 980K · Sep 2014
A504StudioAED 755K · Nov 2014
A505StudioAED 635K · Sep 2025
A506StudioAED 723K · Feb 2018
A5071-bedAED 670K · Jan 2022
A5081-bedAED 1.02M · Apr 2025
1–7 of 11

A501, Loreto 2A in numbers

  • Sold once: by DAMAC on 31 August 2014 for AED 2,432,950, or AED 1,429 per sqft.
  • Rented since September 2020 on 5 Ejari contracts, from AED 90,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2014 price is 4.5%, before a service charge of about AED 18,100 a year (AED 10.63 per sqft).

Source: Dubai Land Department. Updated 25 September 2024.

Questions about A501, Loreto 2A

What did unit A501 last sell for?

AED 2,432,950 on 31 August 2014, sold by the developer: AED 1,429 per sqft for 1,702 sqft. It is the only registered sale of the unit.

What is the rent for unit A501?

AED 110,000 a year on the contract renewed on 25 September 2024. The previous contract, from September 2023, was AED 100,000; the unit has been rented since September 2020.

How big is unit A501?

1,702 sqft (158.1 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.

What is unit A501 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 A501, Loreto 2A

Starts from the last sale price (AED 2.43M, 31 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,432,950
Deposit, UAE resident (20%)
AED 486,590
Deposit, non-resident (40%)
AED 973,180
Monthly over 25 years at 3.7%
AED 9,954

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