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2-bed · 1,556 sqftLoreto 2B, Damac Hills · 7th floor · completed 2017

B708, Loreto 2B

Sold prices and rental history: sold 3 times, last in December 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B708 · DLD and Ejari recordsUpdated 1 December 2023
Last soldAED 1.5M1 December 2023
Current rentAED 80K /yr1 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B708, Loreto 2B

What is B708 worth today?

Last sold for AED 1,500,000 in 2023

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1 Dec 2023SoldReady
AED 1,500,000AED 963 per sqft
6 Mar 2023SoldReady
AED 1,250,000AED 803 per sqft
1 Jun 2020RentedNew contract
AED 80,000/yr12 months · AED 51 per sqft
26 Jul 2018RentedNew contract
AED 90,000/yr12 months · AED 58 per sqft
21 Dec 2017Sold by developerOff-plan
AED 1,734,600AED 1,114 per sqft

Source: Dubai Land Department. Updated 1 December 2023.

Key facts

Type
2-bed apartment
Size
1,556 sqft
Floor
7th of 9
Parking
UP1-38
Developer
DAMAC
Completed
2017
Service charge
AED 16,500 /yr
Last sold
AED 1.5M · December 2023
Building
Loreto 2B

About B708, Loreto 2B

B708 is a two-bedroom apartment of 1,556 sqft on the 7th floor of Loreto 2B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 1 December 2023 for AED 1,500,000, or AED 963 per sqft, 9% above the AED 887 two-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 1 June 2020, is AED 80,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 16,500 a year.

Sales and rents for B708 over time

Sales
Unit B708, each saleTypical two-bed in Loreto 2B
1.5M2M20142017202020232026Typical sale price by year: 2014 AED 2,076,700; 2017 AED 1,954,000; 2019 AED 1,507,800; 2021 AED 1,291,674; 2023 AED 1,965,000; 2025 AED 2,000,000Sold by developer, December 2017: AED 1,734,600 (AED 1,114 per sqft)Sold, March 2023: AED 1,250,000 (AED 803 per sqft)Sold, December 2023: AED 1,500,000 (AED 963 per sqft)

B708 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit B708, each contractTypical two-bed in Loreto 2B
100K150K2018202120242027Typical rent by year: 2018 AED 90,000; 2019 AED 95,000; 2020 AED 80,000; 2021 AED 85,000; 2022 AED 93,500; 2023 AED 115,000; 2024 AED 130,000; 2025 AED 150,000; 2026 AED 155,000New contract, July 2018: AED 90,000 a yearNew contract, June 2020: AED 80,000 a year

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

2-beds in Loreto 2B, and where B708 sits

All 18 2-beds →

B708 last sold in December 2023 at AED 963 per sqft, 9% above what two-beds in Loreto 2B were fetching at the time (AED 887). Over the last 12 months two-beds sold for AED 3,400,000, around AED 1,333 per sqft, and rent for AED 106,260 to 212,500 a year. B708's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Sep 20263,400,000
26 Aug 20252,660,000
30 May 20252,000,000
23 May 20251,900,000
1 2-bed sale 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 7th floor

All 83 units in Loreto 2B
Value
B701StudioAED 622K · Dec 2014
B701A1-bedAED 1.35M · Oct 2019
B7022-bedAED 2.21M · Dec 2023
B702AStudioAED 534K · Apr 2016
B703StudioAED 640K · Nov 2017
B7042-bedAED 1.55M · Apr 2024
B7051-bedAED 1.18M · Jun 2015
1–7 of 10

B708, Loreto 2B in numbers

  • Sold 3 times: first on 21 December 2017 for AED 1,734,600, last on 1 December 2023 for AED 1,500,000 (AED 963 per sqft).
  • Rented since July 2018 on 2 Ejari contracts, from AED 90,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 16,500 a year (AED 10.63 per sqft).
  • Two-beds in Loreto 2B sold for AED 3,400,000–3,400,000 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 1 December 2023.

Questions about B708, Loreto 2B

What did unit B708 last sell for?

AED 1,500,000 on 1 December 2023: AED 963 per sqft for 1,556 sqft. The unit has 3 registered sales; the first was AED 1,734,600 in December 2017.

What is the rent for unit B708?

AED 80,000 a year on the contract signed on 1 June 2020. The previous contract, from July 2018, was AED 90,000.

How big is unit B708?

1,556 sqft (144.6 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.

What is unit B708 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Loreto 2B sold for AED 3,400,000 to 3,400,000 in the last 12 months, around AED 1,333 per sqft.

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Mortgage on B708, Loreto 2B

Starts from the last sale price (AED 1.5M, 1 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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