1-bed · 848 sqftLoreto 3A, Damac Hills · 6th floor · completed 2017

A609, Loreto 3A

Sold prices and rental history: sold once, by the developer in September 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A609 · DLD and Ejari recordsUpdated 18 August 2024
Last soldAED 1.12M22 September 2014
Current rentAED 60K /yr18 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A609, Loreto 3A

What is A609 worth today?

Last sold for AED 1,123,850 in 2014

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18 Aug 2024RentedRenewal
AED 59,742/yr12 months · AED 70 per sqft
18 Aug 2023RentedRenewal
AED 54,311/yr12 months · AED 64 per sqft
18 Aug 2022RentedRenewal
AED 51,725/yr12 months · AED 61 per sqft
18 Aug 2021RentedRenewal
AED 47,250/yr12 months · AED 56 per sqft
18 Aug 2020RentedRenewal
AED 45,000/yr12 months · AED 53 per sqft
18 Aug 2019RentedNew contract
AED 55,000/yr12 months · AED 65 per sqft
28 Jun 2018RentedNew contract
AED 65,000/yr12 months · AED 76 per sqft
22 Sep 2014Sold by developerOff-plan
AED 1,123,850AED 1,324 per sqft

Source: Dubai Land Department. Updated 18 August 2024.

Key facts

Type
1-bed apartment
Size
848 sqft
Floor
6th of 9
Parking
LP1-08
Developer
DAMAC
Completed
2017
Service charge
AED 9,000 /yr
Last sold
AED 1.12M · September 2014
Building
Loreto 3A

About A609, Loreto 3A

A609 is a one-bedroom apartment of 848 sqft on the 6th floor of Loreto 3A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 22 September 2014 for AED 1,123,850, or AED 1,324 per sqft, in line with the AED 1,358 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 18 August 2024, is AED 59,742 a year: a gross yield of 5.3% on the 2014 price, before the service charge of about AED 9,000 a year.

Sales and rents for A609 over time

Sales
Unit A609, each saleTypical one-bed in Loreto 3A
1M1.2M2014201820222026Typical sale price by year: 2014 AED 1,177,525; 2015 AED 1,097,250; 2017 AED 1,053,000; 2022 AED 908,000; 2023 AED 1,283,800; 2024 AED 950,000; 2025 AED 1,090,000; 2026 AED 1,242,500Sold by developer, September 2014: AED 1,123,850 (AED 1,324 per sqft)

A609 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit A609, each contractTypical one-bed in Loreto 3A
40K60K80K2018202120242027Typical rent by year: 2018 AED 62,500; 2019 AED 55,000; 2020 AED 48,000; 2021 AED 48,000; 2022 AED 51,725; 2023 AED 54,800; 2024 AED 63,000; 2025 AED 75,000; 2026 AED 79,250New contract, June 2018: AED 65,000 a yearNew contract, August 2019: AED 55,000 a yearRenewal, August 2020: AED 45,000 a yearRenewal, August 2021: AED 47,250 a yearRenewal, August 2022: AED 51,725 a yearRenewal, August 2023: AED 54,311 a yearRenewal, August 2024: AED 59,742 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 3A, and where A609 sits

All 36 1-beds →

A609 last sold in September 2014 at AED 1,324 per sqft, in line with what one-beds in Loreto 3A were fetching at the time (AED 1,358). Over the last 12 months one-beds sold for AED 1,100,000 to 1,500,000, around AED 1,431 per sqft, and rent for AED 60,375 to 100,000 a year. A609's AED 59,742 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
1 Sep 20261,100,000
4 Feb 20261,325,000
6 Jan 20261,500,000
5 Jan 20261,160,000
4 1-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 6th floor

All 82 units in Loreto 3A
Value
A6011-bedAED 1.4M · Mar 2024
A6022-bedAED 2.09M · Nov 2017
A602BStudioAED 300K · May 2021
A6031-bedAED 1.03M · Jul 2017
A604StudioAED 728K · Sep 2014
A605StudioAED 435K · Feb 2020
A606StudioAED 300K · Jan 2023
1–7 of 12

A609, Loreto 3A in numbers

  • Sold once: by DAMAC on 22 September 2014 for AED 1,123,850, or AED 1,324 per sqft.
  • Rented since June 2018 on 7 Ejari contracts. The rent fell from AED 65,000 to AED 45,000 in 2020 and recovered to AED 59,742 by August 2024.
  • At AED 59,742 a year the gross yield on the 2014 price is 5.3%, before a service charge of about AED 9,000 a year (AED 10.63 per sqft).
  • One-beds in Loreto 3A sold for AED 1,100,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,272 per sqft.

Source: Dubai Land Department. Updated 18 August 2024.

Questions about A609, Loreto 3A

What did unit A609 last sell for?

AED 1,123,850 on 22 September 2014, sold by the developer: AED 1,324 per sqft for 848 sqft. It is the only registered sale of the unit.

What is the rent for unit A609?

AED 59,742 a year on the contract renewed on 18 August 2024. The previous contract, from August 2023, was AED 54,311; the unit has been rented since June 2018.

How big is unit A609?

848 sqft (78.8 sqm): a one-bedroom apartment on the 6th floor of a 9-storey tower completed in 2017.

What is unit A609 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Loreto 3A sold for AED 1,100,000 to 1,500,000 in the last 12 months, around AED 1,431 per sqft.

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Mortgage on A609, Loreto 3A

Starts from the last sale price (AED 1.12M, 22 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,123,850
Deposit, UAE resident (20%)
AED 224,770
Deposit, non-resident (40%)
AED 449,540
Monthly over 25 years at 3.7%
AED 4,598

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