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2-bed · 1,645 sqftLoreto 2A, Damac Hills · 6th floor · completed 2017

A602, Loreto 2A

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

Unit A602 · DLD and Ejari recordsUpdated 6 October 2024
Last soldAED 2.31M25 August 2014
Current rentAED 150K /yr6 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A602, Loreto 2A

What is A602 worth today?

Last sold for AED 2,312,300 in 2014

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6 Oct 2024RentedRenewal
AED 150,000/yr12 months · AED 92 per sqft
6 Oct 2024RentedRenewal
AED 150,000/yr12 months · AED 91 per sqft
6 Oct 2023RentedNew contract
AED 150,000/yr12 months · AED 91 per sqft
20 Sep 2022RentedRenewal
AED 95,000/yr12 months · AED 58 per sqft
20 Sep 2021RentedRenewal
AED 95,000/yr12 months · AED 58 per sqft
20 Sep 2020RentedRenewal
AED 85,000/yr12 months · AED 52 per sqft
20 Sep 2019RentedNew contract
AED 90,000/yr12 months · AED 55 per sqft
20 Dec 2018RentedNew contract
AED 90,000/yr12 months · AED 55 per sqft

Source: Dubai Land Department. Updated 6 October 2024.

Key facts

Type
2-bed apartment
Size
1,645 sqft
Floor
6th of 9
Parking
G-36
Developer
DAMAC
Completed
2017
Service charge
AED 17,500 /yr
Last sold
AED 2.31M · August 2014
Building
Loreto 2A

About A602, Loreto 2A

A602 is a two-bedroom apartment of 1,645 sqft on the 6th 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 2,312,300, or AED 1,405 per sqft.

It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 6 October 2024, is AED 150,000 a year: a gross yield of 6.5% on the 2014 price, before the service charge of about AED 17,500 a year.

Sales and rents for A602 over time

Sales
Unit A602, each saleTypical two-bed in Loreto 2A
1.5M2M2.5M2014201720202023Typical 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 2,312,300 (AED 1,405 per sqft)

A602 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A602, each contractTypical two-bed in Loreto 2A
100K150K2018202120242027Typical 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, December 2018: AED 90,000 a yearNew contract, September 2019: AED 90,000 a yearRenewal, September 2020: AED 85,000 a yearRenewal, September 2021: AED 95,000 a yearRenewal, September 2022: AED 95,000 a yearNew contract, October 2023: AED 150,000 a yearRenewal, October 2024: AED 150,000 a yearRenewal, October 2024: AED 150,000 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 A602 sits

All 18 2-beds →

A602's AED 150,000 is at the top 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 6th floor

All 83 units in Loreto 2A
Value
A6011-bedAED 700K · Sep 2020
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

A602, Loreto 2A in numbers

  • Sold once: by DAMAC on 25 August 2014 for AED 2,312,300, or AED 1,405 per sqft.
  • Rented since December 2018 on 8 Ejari contracts, from AED 90,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2014 price is 6.5%, before a service charge of about AED 17,500 a year (AED 10.63 per sqft).

Source: Dubai Land Department. Updated 6 October 2024.

Questions about A602, Loreto 2A

What did unit A602 last sell for?

AED 2,312,300 on 25 August 2014, sold by the developer: AED 1,405 per sqft for 1,645 sqft. It is the only registered sale of the unit.

What is the rent for unit A602?

AED 150,000 a year on the contract renewed on 6 October 2024. The previous contract, from October 2024, was AED 150,000; the unit has been rented since December 2018.

How big is unit A602?

1,645 sqft (152.8 sqm): a two-bedroom apartment on the 6th floor of a 9-storey tower completed in 2017.

What is unit A602 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 A602, Loreto 2A

Starts from the last sale price (AED 2.31M, 25 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,312,300
Deposit, UAE resident (20%)
AED 462,460
Deposit, non-resident (40%)
AED 924,920
Monthly over 25 years at 3.7%
AED 9,460

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