A702A, Loreto 2A
Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for A702A, Loreto 2A
What is A702A worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 333 sqft
- Floor
- 7th of 9
- Parking
- T3-UP1-17
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 3,500 /yr
- Last sold
- AED 460K · July 2024
- Building
- Loreto 2A
About A702A, Loreto 2A
A702A is a studio of 333 sqft on the 7th floor of Loreto 2A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 2 July 2024 for AED 460,000, or AED 1,380 per sqft, 23% above the AED 1,119 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 September 2024, is AED 38,000 a year: a gross yield of 8.3% on the 2024 price, before the service charge of about AED 3,500 a year.
Sales and rents for A702A over time
A702A has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Loreto 2A, and where A702A sits
All 25 studios →A702A last sold in July 2024 at AED 1,380 per sqft, 23% above what studios in Loreto 2A were fetching at the time (AED 1,119). A702A's AED 38,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Sep 202510 September 2025 | 525 sqft | 635,000 | 1,209 | ||
| 9 Dec 20249 December 2024 | 330 sqft | 500,000 | 1,515 | ||
| 10 Oct 202410 October 2024 | 486 sqft | 595,000 | 1,223 | ||
| 9 Oct 20249 October 2024 | 321 sqft | 450,000 | 1,402 |
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 7th floor
All 83 units in Loreto 2A| ValueToday's value | |||||
|---|---|---|---|---|---|
| A701 | Studio | 428 sqft | AED 600KAED 600,400 · Aug 2014August 2014 | 50,000 /yr | |
| A701A | 1-bed | 1,394 sqft | AED 1.45MAED 1,450,000 · Sep 2023September 2023 | 120,000 /yr | |
| A702 | 2-bed | 2,001 sqft | AED 2.1MAED 2,098,000 · Apr 2023April 2023 | ||
| A703 | Studio | 455 sqft | AED 660KAED 660,250 · Aug 2014August 2014 | 43,050 /yr | |
| A704 | 2-bed | 1,617 sqft | AED 1.73MAED 1,729,000 · Jun 2022June 2022 | 106,000 /yr | |
| A705 | 1-bed | 850 sqft | AED 1.09MAED 1,091,550 · Nov 2014November 2014 | 83,000 /yr | |
| A706 | 1-bed | 885 sqft | AED 1.02MAED 1,017,000 · Dec 2017December 2017 | 12,000 /yr | |
| A707 | 1-bed | 843 sqft | AED 730KAED 730,000 · Oct 2021October 2021 | 69,000 /yr | |
| A708 | 2-bed | 1,556 sqft | AED 2MAED 1,995,000 · Dec 2014December 2014 | ||
| A709 | 1-bed | 777 sqft | AED 1.1MAED 1,098,200 · Dec 2014December 2014 | 70,000 /yr |
A702A, Loreto 2A in numbers
- Sold twice: first on 7 November 2017 for AED 493,000, last on 2 July 2024 for AED 460,000 (AED 1,380 per sqft).
- Rented since March 2019 on 5 Ejari contracts. The rent fell from AED 34,800 to AED 20,000 in 2022 and recovered to AED 38,000 by September 2024.
- At AED 38,000 a year the gross yield on the 2024 price is 8.3%, before a service charge of about AED 3,500 a year (AED 10.63 per sqft).
Source: Dubai Land Department. Updated 1 September 2024.
Questions about A702A, Loreto 2A
What did unit A702A last sell for?
AED 460,000 on 2 July 2024: AED 1,380 per sqft for 333 sqft. The unit has 2 registered sales; the first was AED 493,000 in November 2017.
What is the rent for unit A702A?
AED 38,000 a year on the contract signed on 1 September 2024. The previous contract, from May 2023, was AED 22,000; the unit has been rented since March 2019.
How big is unit A702A?
333 sqft (30.9 sqm): a studio on the 7th floor of a 9-storey tower completed in 2017.
What is unit A702A 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 A702A, Loreto 2A
Starts from the last sale price (AED 460K, 2 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 460,000
- Deposit, UAE resident (20%)
- AED 92,000
- Deposit, non-resident (40%)
- AED 184,000
- Monthly over 25 years at 3.7%
- AED 1,882
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →