A704, Loreto 2A
Sold prices and rental history: sold once, by the developer in June 2022, and rented once, from August 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for A704, Loreto 2A
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Source: Dubai Land Department. Updated 15 August 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,617 sqft
- Floor
- 7th of 9
- Parking
- UP1-19
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 17,200 /yr
- Last sold
- AED 1.73M · June 2022
- Building
- Loreto 2A
About A704, Loreto 2A
A704 is a two-bedroom apartment of 1,617 sqft on the 7th floor of Loreto 2A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 14 June 2022 for AED 1,729,000, or AED 1,069 per sqft, 21% above the AED 881 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 August 2022. The current contract, signed on 15 August 2022, is AED 106,000 a year: a gross yield of 6.1% on the 2022 price, before the service charge of about AED 17,200 a year.
Sales and rents for A704 over time
A704 has sold once; the dashed line is the two-bed median of each year in the building.
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 A704 sits
All 18 2-beds →A704 last sold in June 2022 at AED 1,069 per sqft, 21% above what two-beds in Loreto 2A were fetching at the time (AED 881). A704's AED 106,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 May 202515 May 2025 | 2,550 sqft | 3,000,000 | 1,176 | ||
| 13 Jun 202413 June 2024 | 1,485 sqft | 1,700,000 | 1,144 | ||
| 8 May 20248 May 2024 | 1,523 sqft | 1,570,000 | 1,030 | ||
| 28 Apr 202328 April 2023 | 2,001 sqft | 2,098,000 | 1,048 |
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 | ||
| A702A | Studio | 333 sqft | AED 460KAED 460,000 · Jul 2024July 2024 | 38,000 /yr | |
| A703 | Studio | 455 sqft | AED 660KAED 660,250 · Aug 2014August 2014 | 43,050 /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 |
A704, Loreto 2A in numbers
- Sold once: by DAMAC on 14 June 2022 for AED 1,729,000, or AED 1,069 per sqft.
- Rented since August 2022 on one Ejari contract, at AED 106,000 a year.
- At AED 106,000 a year the gross yield on the 2022 price is 6.1%, before a service charge of about AED 17,200 a year (AED 10.63 per sqft).
Source: Dubai Land Department. Updated 15 August 2022.
Questions about A704, Loreto 2A
What did unit A704 last sell for?
AED 1,729,000 on 14 June 2022, sold by the developer: AED 1,069 per sqft for 1,617 sqft. It is the only registered sale of the unit.
What is the rent for unit A704?
AED 106,000 a year on the contract signed on 15 August 2022.
How big is unit A704?
1,617 sqft (150.2 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.
What is unit A704 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 A704, Loreto 2A
Starts from the last sale price (AED 1.73M, 14 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,729,000
- Deposit, UAE resident (20%)
- AED 345,800
- Deposit, non-resident (40%)
- AED 691,600
- Monthly over 25 years at 3.7%
- AED 7,074
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →