2-bed · 1,702 sqftLoreto 3A, Damac Hills · 5th floor · completed 2017

A501, Loreto 3A

Sold prices and rental history: sold twice, last in July 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit A501 · DLD and Ejari recordsUpdated 18 July 2022

Last soldAED 1.4M18 July 2022

Current rentAED 85K /yr15 June 2021

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for A501, Loreto 3A

Today

What is A501 worth today?

Last sold for AED 1,400,000 in 2022

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18 Jul 2022

18 Jul 2022SoldReady

AED 1,400,000AED 822 per sqft

15 Jun 2021

15 Jun 2021RentedRenewal

AED 85,000/yr13 months · AED 50 per sqft

15 May 2020

15 May 2020RentedRenewal

AED 85,000/yr13 months · AED 50 per sqft

15 May 2019

15 May 2019RentedNew contract

AED 80,000/yr12 months · AED 47 per sqft

5 Feb 2019

5 Feb 2019Sold by developerReady

AED 1,686,000AED 990 per sqft

Source: Dubai Land Department. Updated 18 July 2022.

Key facts

Type: 2-bed apartment
Size: 1,702 sqft
Floor: 5th of 9
Parking: T5-LP1-26 , LP1-35
Developer: DAMAC
Completed: 2017
Service charge: AED 18,100 /yr
Last sold: AED 1.4M · July 2022
Building: Loreto 3A

About A501, Loreto 3A

A501 is a two-bedroom apartment of 1,702 sqft on the 5th floor of Loreto 3A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 18 July 2022 for AED 1,400,000, or AED 822 per sqft, in line with the AED 842 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 15 June 2021, is AED 85,000 a year: a gross yield of 6.1% on the 2022 price, before the service charge of about AED 18,100 a year.

Sales and rents for A501 over time

Sales

Unit A501, each saleTypical two-bed in Loreto 3A

A501 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents

Unit A501, each contractTypical two-bed in Loreto 3A

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

2-beds in Loreto 3A, and where A501 sits

All 18 2-beds →

Loreto 3A · all types1,272 /sqft

A501 last sold in July 2022 at AED 822 per sqft, in line with what two-beds in Loreto 3A were fetching at the time (AED 842). A501's AED 85,000 is in the lower half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
15 May 202515 May 2025	1,505 sqft	1,900,000	1,262
5 Apr 20255 April 2025	2,550 sqft	2,700,000	1,058
24 Jan 202524 January 2025	2,420 sqft	2,975,000	1,229
9 Aug 20249 August 2024	1,513 sqft	1,795,000	1,186

0 2-bed sales in the last 12 months

Loreto 3A

Building

82 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2017 by DAMAC. 8 sold in the last 12 months.

Typical price per sqft: AED 1,272
Typical sale: AED 1.13M
Typical rent: AED 75K /yr
Typical yield: 7.3%

Loreto 3A, Damac Hills: prices, sales and rents →

Other units on the 5th floor

All 82 units in Loreto 3A


A502	2-bed	1,513 sqft	AED 1.8MAED 1,795,000 · Aug 2024August 2024	106,000 /yr
A502A	Studio	321 sqft	AED 455KAED 455,000 · Oct 2024October 2024	40,000 /yr
A503	1-bed	801 sqft	AED 950KAED 950,000 · Feb 2024February 2024	38,000 /yr
A504	Studio	495 sqft	AED 535KAED 535,000 · Aug 2023August 2023	45,000 /yr
A505	Studio	525 sqft	AED 570KAED 570,000 · Mar 2024March 2024	42,113 /yr
A506	Studio	526 sqft	AED 773KAED 773,300 · Jan 2015January 2015
A507	1-bed	837 sqft	AED 1.02MAED 1,017,000 · Apr 2017April 2017	80,000 /yr
A508	1-bed	886 sqft	AED 1.26MAED 1,264,450 · Aug 2014August 2014	90,000 /yr
A509	1-bed	852 sqft	AED 1.16MAED 1,160,000 · Jan 2026January 2026	80,000 /yr
A510	1-bed	1,021 sqft	AED 1.19MAED 1,191,000 · May 2017May 2017	80,000 /yr
A511	2-bed	1,495 sqft	AED 1.79MAED 1,792,000 · Nov 2017November 2017	148,000 /yr
A512	Studio	430 sqft	AED 673KAED 672,600 · Aug 2014August 2014	37,800 /yr

1–7 of 12

A501, Loreto 3A in numbers

Sold twice: first on 5 February 2019 for AED 1,686,000, last on 18 July 2022 for AED 1,400,000 (AED 822 per sqft).
Rented since May 2019 on 3 Ejari contracts, from AED 80,000 to AED 85,000 a year.
At AED 85,000 a year the gross yield on the 2022 price is 6.1%, before a service charge of about AED 18,100 a year (AED 10.63 per sqft).

Source: Dubai Land Department. Updated 18 July 2022.

Questions about A501, Loreto 3A

What did unit A501 last sell for?

AED 1,400,000 on 18 July 2022: AED 822 per sqft for 1,702 sqft. The unit has 2 registered sales; the first was AED 1,686,000 in February 2019.

What is the rent for unit A501?

AED 85,000 a year on the contract renewed on 15 June 2021. The previous contract, from May 2020, was AED 85,000; the unit has been rented since May 2019.

How big is unit A501?

1,702 sqft (158.1 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.

What is unit A501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on A501, Loreto 3A

Starts from the last sale price (AED 1.4M, 18 July 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,400,000
Deposit, UAE resident (20%): AED 280,000
Deposit, non-resident (40%): AED 560,000
Monthly over 25 years at 3.7%: AED 5,728

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