TH3, Loreto 2A
Sold prices and rental history: sold twice, last in March 2023, 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 TH3, Loreto 2A
What is TH3 worth today?
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Source: Dubai Land Department. Updated 15 March 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 2,554 sqft
- Floor
- Ground of 9
- Parking
- UP1-06 , UP1-40
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 27,100 /yr
- Last sold
- AED 2.06M · March 2023
- Building
- Loreto 2A
About TH3, Loreto 2A
TH3 is a two-bedroom apartment of 2,554 sqft on the ground floor of Loreto 2A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 15 March 2023 for AED 2,062,000, or AED 807 per sqft, 6% below the AED 861 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 15 August 2022, is AED 101,705 a year: a gross yield of 4.9% on the 2023 price, before the service charge of about AED 27,100 a year.
Sales and rents for TH3 over time
TH3 has sold twice; 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 TH3 sits
All 18 2-beds →TH3 last sold in March 2023 at AED 807 per sqft, 6% below what two-beds in Loreto 2A were fetching at the time (AED 861). TH3's AED 101,705 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 ground floor
All 83 units in Loreto 2ATH3, Loreto 2A in numbers
- Sold twice: first on 28 July 2019 for AED 1,440,000, last on 15 March 2023 for AED 2,062,000 (AED 807 per sqft).
- Rented since August 2019 on 5 Ejari contracts, from AED 105,000 to AED 101,705 a year.
- At AED 101,705 a year the gross yield on the 2023 price is 4.9%, before a service charge of about AED 27,100 a year (AED 10.63 per sqft).
Source: Dubai Land Department. Updated 15 March 2023.
Questions about TH3, Loreto 2A
What did unit TH3 last sell for?
AED 2,062,000 on 15 March 2023: AED 807 per sqft for 2,554 sqft. The unit has 2 registered sales; the first was AED 1,440,000 in July 2019.
What is the rent for unit TH3?
AED 101,705 a year on the contract renewed on 15 August 2022. The previous contract, from August 2021, was AED 101,000; the unit has been rented since August 2019.
How big is unit TH3?
2,554 sqft (237.3 sqm): a two-bedroom apartment on the ground floor of a 9-storey tower completed in 2017.
What is unit TH3 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 TH3, Loreto 2A
Starts from the last sale price (AED 2.06M, 15 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,062,000
- Deposit, UAE resident (20%)
- AED 412,400
- Deposit, non-resident (40%)
- AED 824,800
- Monthly over 25 years at 3.7%
- AED 8,436
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →