B701, Loreto 2B
Sold prices and rental history: sold once, by the developer in December 2014, 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 B701, Loreto 2B
What is B701 worth today?
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Source: Dubai Land Department. Updated 1 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 428 sqft
- Floor
- 7th of 9
- Parking
- UP1-11
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 4,600 /yr
- Last sold
- AED 622K · December 2014
- Building
- Loreto 2B
About B701, Loreto 2B
B701 is a studio of 428 sqft on the 7th floor of Loreto 2B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 4 December 2014 for AED 622,250, or AED 1,453 per sqft, in line with the AED 1,470 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 1 February 2026, is AED 46,500 a year: a gross yield of 7.5% on the 2014 price, before the service charge of about AED 4,600 a year.
Sales and rents for B701 over time
B701 has sold once; the dashed line is the studio median of each year in the building.
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 B701 sits
All 25 studios →B701 last sold in December 2014 at AED 1,453 per sqft, in line with what studios in Loreto 2B were fetching at the time (AED 1,470). 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. B701's AED 46,500 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Feb 20262 February 2026 | 495 sqft | 550,000 | 1,111 | ||
| 11 Nov 202511 November 2025 | 596 sqft | 637,500 | 1,069 | ||
| 6 Nov 20256 November 2025 | 526 sqft | 600,000 | 1,141 | ||
| 19 Sep 202419 September 2024 | 333 sqft | 465,000 | 1,394 |
Loreto 2B
Building83 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%
Other units on the 7th floor
All 83 units in Loreto 2B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B701A | 1-bed | 1,394 sqft | AED 1.35MAED 1,353,000 · Oct 2019October 2019 | 110,000 /yr | |
| B702 | 2-bed | 2,001 sqft | AED 2.21MAED 2,208,920 · Dec 2023December 2023 | ||
| B702A | Studio | 333 sqft | AED 534KAED 533,900 · Apr 2016April 2016 | 39,000 /yr | |
| B703 | Studio | 455 sqft | AED 640KAED 640,000 · Nov 2017November 2017 | 39,930 /yr | |
| B704 | 2-bed | 1,617 sqft | AED 1.55MAED 1,550,000 · Apr 2024April 2024 | 160,000 /yr | |
| B705 | 1-bed | 850 sqft | AED 1.18MAED 1,181,800 · Jun 2015June 2015 | 72,000 /yr | |
| B706 | 1-bed | 885 sqft | AED 670KAED 670,000 · Oct 2022October 2022 | 69,300 /yr | |
| B707 | 1-bed | 843 sqft | AED 1.04MAED 1,044,878 · Dec 2024December 2024 | ||
| B708 | 2-bed | 1,556 sqft | AED 1.5MAED 1,500,000 · Dec 2023December 2023 | 80,000 /yr | |
| B709 | 1-bed | 777 sqft | AED 1.1MAED 1,098,200 · Jan 2015January 2015 | 73,000 /yr |
B701, Loreto 2B in numbers
- Sold once: by DAMAC on 4 December 2014 for AED 622,250, or AED 1,453 per sqft.
- Rented since October 2019 on 6 Ejari contracts. The rent fell from AED 37,000 to AED 25,000 in 2021 and recovered to AED 46,500 by February 2026.
- At AED 46,500 a year the gross yield on the 2014 price is 7.5%, before a service charge of about AED 4,600 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 1 February 2026.
Questions about B701, Loreto 2B
What did unit B701 last sell for?
AED 622,250 on 4 December 2014, sold by the developer: AED 1,453 per sqft for 428 sqft. It is the only registered sale of the unit.
What is the rent for unit B701?
AED 46,500 a year on the contract renewed on 1 February 2026. The previous contract, from February 2025, was AED 46,500; the unit has been rented since October 2019.
How big is unit B701?
428 sqft (39.8 sqm): a studio on the 7th floor of a 9-storey tower completed in 2017.
What is unit B701 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 B701, Loreto 2B
Starts from the last sale price (AED 622K, 4 December 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 622,250
- Deposit, UAE resident (20%)
- AED 124,450
- Deposit, non-resident (40%)
- AED 248,900
- Monthly over 25 years at 3.7%
- AED 2,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →