Studio · 580 sqftLoreto 2B, Damac Hills · 3rd floor · completed 2017

B306, Loreto 2B

Sold prices and rental history: sold once, by the developer in November 2017, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B306 · DLD and Ejari recordsUpdated 5 June 2026
Last soldAED 747K20 November 2017
Current rentAED 45K /yr5 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B306, Loreto 2B

What is B306 worth today?

Last sold for AED 747,000 in 2017

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5 Jun 2026RentedNew contract
AED 45,000/yr12 months · AED 78 per sqft
5 Jun 2025RentedRenewal
AED 45,000/yr12 months · AED 79 per sqft
5 May 2024RentedNew contract
AED 41,538/yr13 months · AED 73 per sqft
5 May 2023RentedNew contract
AED 45,000/yr12 months · AED 77 per sqft
20 Nov 2017Sold by developerOff-plan
AED 747,000AED 1,288 per sqft

Source: Dubai Land Department. Updated 5 June 2026.

Key facts

Type
Studio apartment
Size
580 sqft
Floor
3rd of 9
Parking
B-16
Developer
DAMAC
Completed
2017
Service charge
AED 6,200 /yr
Last sold
AED 747K · November 2017
Building
Loreto 2B

About B306, Loreto 2B

B306 is a studio of 580 sqft on the 3rd floor of Loreto 2B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 20 November 2017 for AED 747,000, or AED 1,288 per sqft.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 5 June 2026, is AED 45,000 a year: a gross yield of 6.0% on the 2017 price, before the service charge of about AED 6,200 a year.

Sales and rents for B306 over time

Sales
Unit B306, each saleTypical studio in Loreto 2B
600K700K2014201720202023Typical sale price by year: 2014 AED 707,750; 2017 AED 679,500; 2024 AED 585,000Sold by developer, November 2017: AED 747,000 (AED 1,288 per sqft)

B306 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit B306, each contractTypical studio in Loreto 2B
30K40K2018202120242027Typical rent by year: 2018 AED 36,500; 2019 AED 34,500; 2020 AED 30,000; 2021 AED 27,500; 2022 AED 30,000; 2023 AED 33,000; 2024 AED 39,000; 2025 AED 46,000; 2026 AED 46,500New contract, May 2023: AED 45,000 a yearNew contract, May 2024: AED 41,538 a yearRenewal, June 2025: AED 45,000 a yearNew contract, June 2026: AED 45,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Loreto 2B, and where B306 sits

All 25 studios →

Over the last 12 months studios sold for AED 550,000 to 637,500, around AED 1,090 per sqft, and rent for AED 36,685 to 60,000 a year. B306's AED 45,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
2 Feb 2026550,000
11 Nov 2025637,500
6 Nov 2025600,000
19 Sep 2024465,000
2 studio sales in the last 12 months

Loreto 2B

Building

83 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2017 by DAMAC. 6 sold in the last 12 months.

Typical price per sqft
AED 1,282
Typical sale
AED 1.09M
Typical rent
AED 74K /yr
Typical yield
7.0%
Loreto 2B, Damac Hills: prices, sales and rents →

Other units on the 3rd floor

All 83 units in Loreto 2B
Value
B3012-bedAED 2.24M · Jan 2024
B3023-bedAED 3.05M · Sep 2022
B3031-bedAED 1.2M · May 2025
B304StudioAED 585K · May 2024
B305StudioAED 790K · May 2018
B3071-bedAED 1.17M · Jan 2016
B308StudioAED 638K · Nov 2025
1–7 of 10

B306, Loreto 2B in numbers

  • Sold once: by DAMAC on 20 November 2017 for AED 747,000, or AED 1,288 per sqft.
  • Rented since May 2023 on 4 Ejari contracts, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2017 price is 6.0%, before a service charge of about AED 6,200 a year (AED 10.63 per sqft).
  • Studios in Loreto 2B sold for AED 550,000–637,500 in the 12 months to November 2026; the building's median across all types is AED 1,282 per sqft.

Source: Dubai Land Department. Updated 5 June 2026.

Questions about B306, Loreto 2B

What did unit B306 last sell for?

AED 747,000 on 20 November 2017, sold by the developer: AED 1,288 per sqft for 580 sqft. It is the only registered sale of the unit.

What is the rent for unit B306?

AED 45,000 a year on the contract signed on 5 June 2026. The previous contract, from June 2025, was AED 45,000; the unit has been rented since May 2023.

How big is unit B306?

580 sqft (53.9 sqm): a studio on the 3rd floor of a 9-storey tower completed in 2017.

What is unit B306 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Loreto 2B sold for AED 550,000 to 637,500 in the last 12 months, around AED 1,090 per sqft.

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Mortgage on B306, Loreto 2B

Starts from the last sale price (AED 747K, 20 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 747,000
Deposit, UAE resident (20%)
AED 149,400
Deposit, non-resident (40%)
AED 298,800
Monthly over 25 years at 3.7%
AED 3,056

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