1-bed · 1,021 sqftLoreto 2B, Damac Hills · 5th floor · completed 2017

B510, Loreto 2B

Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B510 · DLD and Ejari recordsUpdated 9 December 2023
Last soldAED 905K17 October 2023
Current rentAED 55K /yr9 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B510, Loreto 2B

What is B510 worth today?

Last sold for AED 905,000 in 2023

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9 Dec 2023RentedNew contract
AED 54,880/yr7 months · AED 54 per sqft
17 Oct 2023SoldReady
AED 905,000AED 886 per sqft
9 Dec 2022RentedRenewal
AED 55,125/yr12 months · AED 54 per sqft
24 Nov 2021RentedRenewal
AED 52,642/yr12 months · AED 52 per sqft
24 Nov 2020RentedRenewal
AED 50,000/yr12 months · AED 49 per sqft
24 Nov 2019RentedRenewal
AED 58,000/yr12 months · AED 57 per sqft
24 Nov 2018RentedNew contract
AED 58,000/yr12 months · AED 57 per sqft
24 Aug 2014Sold by developerOff-plan
AED 1,298,650AED 1,272 per sqft

Source: Dubai Land Department. Updated 9 December 2023.

Key facts

Type
1-bed apartment
Size
1,021 sqft
Floor
5th of 9
Parking
LP1-13
Developer
DAMAC
Completed
2017
Service charge
AED 10,900 /yr
Last sold
AED 905K · October 2023
Building
Loreto 2B

About B510, Loreto 2B

B510 is a one-bedroom apartment of 1,021 sqft on the 5th floor of Loreto 2B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 17 October 2023 for AED 905,000, or AED 886 per sqft, 5% above the AED 842 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 9 December 2023, is AED 54,880 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 10,900 a year.

Sales and rents for B510 over time

Sales
Unit B510, each saleTypical one-bed in Loreto 2B
1M20142017202020232026Typical sale price by year: 2014 AED 1,105,800; 2017 AED 1,014,620; 2018 AED 1,190,000; 2020 AED 730,000; 2022 AED 695,000; 2023 AED 1,050,000; 2025 AED 1,130,000Sold by developer, August 2014: AED 1,298,650 (AED 1,272 per sqft)Sold, October 2023: AED 905,000 (AED 886 per sqft)

B510 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit B510, each contractTypical one-bed in Loreto 2B
60K2018202120242027Typical rent by year: 2018 AED 63,000; 2019 AED 58,000; 2020 AED 50,000; 2021 AED 48,000; 2022 AED 52,250; 2023 AED 57,375; 2024 AED 63,085; 2025 AED 75,000; 2026 AED 75,000New contract, November 2018: AED 58,000 a yearRenewal, November 2019: AED 58,000 a yearRenewal, November 2020: AED 50,000 a yearRenewal, November 2021: AED 52,642 a yearRenewal, December 2022: AED 55,125 a yearNew contract, December 2023: AED 54,880 a year

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

1-beds in Loreto 2B, and where B510 sits

All 36 1-beds →

B510 last sold in October 2023 at AED 886 per sqft, 5% above what one-beds in Loreto 2B were fetching at the time (AED 842). Over the last 12 months one-beds sold for AED 1,050,000 to 1,150,000, around AED 1,332 per sqft, and rent for AED 60,637 to 95,000 a year. B510's AED 54,880 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Jan 20261,150,000
23 Dec 20251,130,000
17 Nov 20251,050,000
7 Oct 20251,150,000
3 1-bed 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 5th floor

All 83 units in Loreto 2B
Value
B5012-bedAED 1.95M · Dec 2017
B5022-bedAED 1.2M · Jan 2021
B502AStudioAED 563K · Oct 2014
B5031-bedAED 1.06M · Nov 2014
B504StudioAED 550K · Feb 2026
B505StudioAED 550K · Oct 2023
B506StudioAED 746K · Sep 2014
1–7 of 12

B510, Loreto 2B in numbers

  • Sold twice: first on 24 August 2014 for AED 1,298,650, last on 17 October 2023 for AED 905,000 (AED 886 per sqft).
  • Rented since November 2018 on 6 Ejari contracts, from AED 58,000 to AED 54,880 a year.
  • At AED 54,880 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 10,900 a year (AED 10.63 per sqft).
  • One-beds in Loreto 2B sold for AED 1,050,000–1,150,000 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 9 December 2023.

Questions about B510, Loreto 2B

What did unit B510 last sell for?

AED 905,000 on 17 October 2023: AED 886 per sqft for 1,021 sqft. The unit has 2 registered sales; the first was AED 1,298,650 in August 2014.

What is the rent for unit B510?

AED 54,880 a year on the contract signed on 9 December 2023. The previous contract, from December 2022, was AED 55,125; the unit has been rented since November 2018.

How big is unit B510?

1,021 sqft (94.9 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.

What is unit B510 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Loreto 2B sold for AED 1,050,000 to 1,150,000 in the last 12 months, around AED 1,332 per sqft.

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Mortgage on B510, Loreto 2B

Starts from the last sale price (AED 905K, 17 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 905,000
Deposit, UAE resident (20%)
AED 181,000
Deposit, non-resident (40%)
AED 362,000
Monthly over 25 years at 3.7%
AED 3,703

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