1-bed · 1,247 sqftLoreto 2B, Damac Hills · 6th floor · completed 2017

B601, Loreto 2B

Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B601 · DLD and Ejari recordsUpdated 7 July 2023
Last soldAED 1.05M7 July 2023
Current rentAED 52K /yr7 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B601, Loreto 2B

What is B601 worth today?

Last sold for AED 1,050,000 in 2023

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7 Jul 2023SoldReady
AED 1,050,000AED 842 per sqft
7 Jul 2022RentedRenewal
AED 52,000/yr12 months · AED 42 per sqft
7 Jul 2021RentedRenewal
AED 52,000/yr12 months · AED 42 per sqft
7 Jul 2020RentedNew contract
AED 52,000/yr12 months · AED 42 per sqft
28 Mar 2020RentedNew contract
AED 54,000/yr12 months · AED 43 per sqft
2 May 2018Sold by developerOff-plan
AED 1,374,120AED 1,102 per sqft

Source: Dubai Land Department. Updated 7 July 2023.

Key facts

Type
1-bed apartment
Size
1,247 sqft
Floor
6th of 9
Parking
LP1-16
Developer
DAMAC
Completed
2017
Service charge
AED 13,300 /yr
Last sold
AED 1.05M · July 2023
Building
Loreto 2B

About B601, Loreto 2B

B601 is a one-bedroom apartment of 1,247 sqft on the 6th floor of Loreto 2B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 7 July 2023 for AED 1,050,000, or AED 842 per sqft, in line with the AED 821 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 7 July 2022, is AED 52,000 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 13,300 a year.

Sales and rents for B601 over time

Sales
Unit B601, 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, May 2018: AED 1,374,120 (AED 1,102 per sqft)Sold, July 2023: AED 1,050,000 (AED 842 per sqft)

B601 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit B601, 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, March 2020: AED 54,000 a yearNew contract, July 2020: AED 52,000 a yearRenewal, July 2021: AED 52,000 a yearRenewal, July 2022: AED 52,000 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 B601 sits

All 36 1-beds →

B601 last sold in July 2023 at AED 842 per sqft, in line with what one-beds in Loreto 2B were fetching at the time (AED 821). 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. B601's AED 52,000 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 6th floor

All 83 units in Loreto 2B
Value
B6022-bedAED 2.49M · Nov 2014
B602BStudioAED 560K · Aug 2014
B6031-bedAED 635K · Aug 2019
B604StudioAED 728K · Aug 2014
B605StudioAED 485K · Aug 2023
B606StudioAED 600K · Nov 2025
B6071-bedAED 1.07M · Oct 2014
1–7 of 12

B601, Loreto 2B in numbers

  • Sold twice: first on 2 May 2018 for AED 1,374,120, last on 7 July 2023 for AED 1,050,000 (AED 842 per sqft).
  • Rented since March 2020 on 4 Ejari contracts, from AED 54,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 13,300 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 7 July 2023.

Questions about B601, Loreto 2B

What did unit B601 last sell for?

AED 1,050,000 on 7 July 2023: AED 842 per sqft for 1,247 sqft. The unit has 2 registered sales; the first was AED 1,374,120 in May 2018.

What is the rent for unit B601?

AED 52,000 a year on the contract renewed on 7 July 2022. The previous contract, from July 2021, was AED 52,000; the unit has been rented since March 2020.

How big is unit B601?

1,247 sqft (115.9 sqm): a one-bedroom apartment on the 6th floor of a 9-storey tower completed in 2017.

What is unit B601 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 B601, Loreto 2B

Starts from the last sale price (AED 1.05M, 7 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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