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1-bed · 1,247 sqftLoreto 2A, Damac Hills · 6th floor · completed 2017

A601, Loreto 2A

Sold prices and rental history: sold twice, last in September 2020, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A601 · DLD and Ejari recordsUpdated 10 September 2020
Last soldAED 700K10 September 2020
Current rentAED 60K /yr28 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A601, Loreto 2A

What is A601 worth today?

Last sold for AED 700,000 in 2020

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10 Sep 2020SoldReady
AED 700,000AED 561 per sqft
28 Mar 2020RentedRenewal
AED 60,000/yr12 months · AED 48 per sqft
28 Mar 2019RentedNew contract
AED 60,000/yr12 months · AED 48 per sqft
11 Apr 2018Sold by developerOff-plan
AED 1,388,000AED 1,113 per sqft

Source: Dubai Land Department. Updated 10 September 2020.

Key facts

Type
1-bed apartment
Size
1,247 sqft
Floor
6th of 9
Parking
G-34
Developer
DAMAC
Completed
2017
Service charge
AED 13,300 /yr
Last sold
AED 700K · September 2020
Building
Loreto 2A

About A601, Loreto 2A

A601 is a one-bedroom apartment of 1,247 sqft on the 6th floor of Loreto 2A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 10 September 2020 for AED 700,000, or AED 561 per sqft, 28% below the AED 782 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 28 March 2020, is AED 60,000 a year: a gross yield of 8.6% on the 2020 price, before the service charge of about AED 13,300 a year.

Sales and rents for A601 over time

Sales
Unit A601, each saleTypical one-bed in Loreto 2A
500K1M1.5M2014201820222026Typical 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, April 2018: AED 1,388,000 (AED 1,113 per sqft)Sold, September 2020: AED 700,000 (AED 561 per sqft)

A601 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit A601, 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 85,000New contract, March 2019: AED 60,000 a yearRenewal, March 2020: AED 60,000 a year

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 A601 sits

All 36 1-beds →

A601 last sold in September 2020 at AED 561 per sqft, 28% below what one-beds in Loreto 2A were fetching at the time (AED 782). 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. A601's AED 60,000 is at the bottom of that range.

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 6th floor

All 83 units in Loreto 2A
Value
A6022-bedAED 2.31M · Aug 2014
A602BStudioAED 500K · Dec 2024
A6031-bedAED 1.05M · Nov 2022
A604StudioAED 570K · Aug 2024
A605StudioAED 560K · May 2024
A606StudioAED 774K · Oct 2014
A6071-bedAED 1.07M · Aug 2014
1–7 of 12

A601, Loreto 2A in numbers

  • Sold twice: first on 11 April 2018 for AED 1,388,000, last on 10 September 2020 for AED 700,000 (AED 561 per sqft).
  • Rented since March 2019 on 2 Ejari contracts, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2020 price is 8.6%, before a service charge of about AED 13,300 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 10 September 2020.

Questions about A601, Loreto 2A

What did unit A601 last sell for?

AED 700,000 on 10 September 2020: AED 561 per sqft for 1,247 sqft. The unit has 2 registered sales; the first was AED 1,388,000 in April 2018.

What is the rent for unit A601?

AED 60,000 a year on the contract renewed on 28 March 2020. The previous contract, from March 2019, was AED 60,000.

How big is unit A601?

1,247 sqft (115.9 sqm): a one-bedroom apartment on the 6th floor of a 9-storey tower completed in 2017.

What is unit A601 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 A601, Loreto 2A

Starts from the last sale price (AED 700K, 10 September 2020). 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 →