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1-bed · 1,394 sqftLoreto 3A, Damac Hills · 7th floor · completed 2017

A701A, Loreto 3A

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

Unit A701A · DLD and Ejari recordsUpdated 3 July 2023
Last soldAED 1.38M3 July 2023
Current rentAED 60K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A701A, Loreto 3A

What is A701A worth today?

Last sold for AED 1,378,000 in 2023

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3 Jul 2023Sold by developerReady
AED 1,378,000AED 988 per sqft
1 Sep 2021RentedRenewal
AED 60,000/yr12 months · AED 43 per sqft
1 Aug 2020RentedNew contract
AED 60,000/yr13 months · AED 43 per sqft

Source: Dubai Land Department. Updated 3 July 2023.

Key facts

Type
1-bed apartment
Size
1,394 sqft
Floor
7th of 9
Parking
LP1-11
Developer
DAMAC
Completed
2017
Service charge
AED 14,800 /yr
Last sold
AED 1.38M · July 2023
Building
Loreto 3A

About A701A, Loreto 3A

A701A is a one-bedroom apartment of 1,394 sqft on the 7th floor of Loreto 3A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 3 July 2023 for AED 1,378,000, or AED 988 per sqft, 4% below the AED 1,031 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 1 September 2021, is AED 60,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 14,800 a year.

Sales and rents for A701A over time

Sales
Unit A701A, each saleTypical one-bed in Loreto 3A
1M1.25M2014201820222026Typical 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, July 2023: AED 1,378,000 (AED 988 per sqft)

A701A has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit A701A, each contractTypical one-bed in Loreto 3A
60K80K2018202120242027Typical 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, August 2020: AED 60,000 a yearRenewal, September 2021: AED 60,000 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 3A, and where A701A sits

All 36 1-beds →

A701A last sold in July 2023 at AED 988 per sqft, 4% below what one-beds in Loreto 3A were fetching at the time (AED 1,031). 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. A701A's AED 60,000 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 7th floor

All 82 units in Loreto 3A
Value
A701StudioAED 600K · Sep 2014
A7022-bedAED 1.62M · Oct 2022
A702AStudioAED 534K · Aug 2014
A703StudioAED 350K · Mar 2019
A7042-bedAED 1.52M · Mar 2023
A7051-bedAED 1.18M · Aug 2014
A7061-bedAED 1.27M · Nov 2014
1–7 of 10

A701A, Loreto 3A in numbers

  • Sold once: by DAMAC on 3 July 2023 for AED 1,378,000, or AED 988 per sqft.
  • Rented since August 2020 on 2 Ejari contracts, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 14,800 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 3 July 2023.

Questions about A701A, Loreto 3A

What did unit A701A last sell for?

AED 1,378,000 on 3 July 2023, sold by the developer: AED 988 per sqft for 1,394 sqft. It is the only registered sale of the unit.

What is the rent for unit A701A?

AED 60,000 a year on the contract renewed on 1 September 2021. The previous contract, from August 2020, was AED 60,000.

How big is unit A701A?

1,394 sqft (129.5 sqm): a one-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.

What is unit A701A 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 A701A, Loreto 3A

Starts from the last sale price (AED 1.38M, 3 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,378,000
Deposit, UAE resident (20%)
AED 275,600
Deposit, non-resident (40%)
AED 551,200
Monthly over 25 years at 3.7%
AED 5,638

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