2-bed · 1,556 sqftLoreto 2A, Damac Hills · 7th floor · completed 2017

A708, Loreto 2A

Sold prices and rental history: sold once, by the developer in December 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A708 · DLD and Ejari recordsUpdated 4 December 2014
Last soldAED 2M4 December 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A708, Loreto 2A

What is A708 worth today?

Last sold for AED 1,995,000 in 2014

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4 Dec 2014Sold by developerOff-plan
AED 1,995,000AED 1,281 per sqft

Source: Dubai Land Department. Updated 4 December 2014.

Key facts

Type
2-bed apartment
Size
1,556 sqft
Floor
7th of 9
Parking
UP1-25
Developer
DAMAC
Completed
2017
Service charge
AED 16,500 /yr
Last sold
AED 2M · December 2014
Building
Loreto 2A

About A708, Loreto 2A

A708 is a two-bedroom apartment of 1,556 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 4 December 2014 for AED 1,995,000, or AED 1,281 per sqft, 9% below the AED 1,405 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for A708 over time

Sales
Unit A708, 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, December 2014: AED 1,995,000 (AED 1,281 per sqft)

A708 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A708, 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 132,500

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 A708 sits

All 18 2-beds →

A708 last sold in December 2014 at AED 1,281 per sqft, 9% below what two-beds in Loreto 2A were fetching at the time (AED 1,405).

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 7th floor

All 83 units in Loreto 2A
Value
A701StudioAED 600K · Aug 2014
A701A1-bedAED 1.45M · Sep 2023
A7022-bedAED 2.1M · Apr 2023
A702AStudioAED 460K · Jul 2024
A703StudioAED 660K · Aug 2014
A7042-bedAED 1.73M · Jun 2022
A7051-bedAED 1.09M · Nov 2014
1–7 of 10

A708, Loreto 2A in numbers

  • Sold once: by DAMAC on 4 December 2014 for AED 1,995,000, or AED 1,281 per sqft.

Source: Dubai Land Department. Updated 4 December 2014.

Questions about A708, Loreto 2A

What did unit A708 last sell for?

AED 1,995,000 on 4 December 2014, sold by the developer: AED 1,281 per sqft for 1,556 sqft. It is the only registered sale of the unit.

How big is unit A708?

1,556 sqft (144.6 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.

What is unit A708 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 A708, Loreto 2A

Starts from the last sale price (AED 2M, 4 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,995,000
Deposit, UAE resident (20%)
AED 399,000
Deposit, non-resident (40%)
AED 798,000
Monthly over 25 years at 3.7%
AED 8,162

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