Studio · 333 sqftLoreto 3A, Damac Hills · 7th floor · completed 2017

A702A, Loreto 3A

Sold prices and rental history: sold once, by the developer in August 2014, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A702A · DLD and Ejari recordsUpdated 17 May 2023
Last soldAED 534K24 August 2014
Current rentAED 42K /yr17 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A702A, Loreto 3A

What is A702A worth today?

Last sold for AED 533,900 in 2014

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17 May 2023RentedNew contract
AED 42,000/yr12 months · AED 126 per sqft
5 Nov 2020RentedNew contract
AED 33,600/yr12 months · AED 101 per sqft
24 Aug 2014Sold by developerOff-plan
AED 533,900AED 1,602 per sqft

Source: Dubai Land Department. Updated 17 May 2023.

Key facts

Type
Studio apartment
Size
333 sqft
Floor
7th of 9
Parking
UP1-18
Developer
DAMAC
Completed
2017
Service charge
AED 3,500 /yr
Last sold
AED 534K · August 2014
Building
Loreto 3A

About A702A, Loreto 3A

A702A is a studio of 333 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 24 August 2014 for AED 533,900, or AED 1,602 per sqft, in line with the AED 1,562 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 17 May 2023, is AED 42,000 a year: a gross yield of 7.9% on the 2014 price, before the service charge of about AED 3,500 a year.

Sales and rents for A702A over time

Sales
Unit A702A, each saleTypical studio in Loreto 3A
600K800K2014201720202023Typical sale price by year: 2014 AED 660,250; 2015 AED 773,300; 2023 AED 522,500; 2024 AED 507,500Sold by developer, August 2014: AED 533,900 (AED 1,602 per sqft)

A702A has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit A702A, each contractTypical studio in Loreto 3A
30K40K2018202120242027Typical rent by year: 2018 AED 39,000; 2019 AED 34,000; 2020 AED 29,000; 2021 AED 29,000; 2022 AED 29,000; 2023 AED 35,350; 2024 AED 37,500; 2025 AED 45,000; 2026 AED 44,500New contract, November 2020: AED 33,600 a yearNew contract, May 2023: AED 42,000 a year

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

Studios in Loreto 3A, and where A702A sits

All 24 studios →

A702A last sold in August 2014 at AED 1,602 per sqft, in line with what studios in Loreto 3A were fetching at the time (AED 1,562). Over the last 12 months studios sold for AED 545,000 to 575,000, around AED 1,182 per sqft, and rent for AED 35,000 to 78,000 a year. A702A's AED 42,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Oct 2026575,000
28 Jan 2026545,000
10 Nov 2025570,000
22 Apr 2025590,000
3 studio 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
A701A1-bedAED 1.38M · Jul 2023
A7022-bedAED 1.62M · Oct 2022
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

A702A, Loreto 3A in numbers

  • Sold once: by DAMAC on 24 August 2014 for AED 533,900, or AED 1,602 per sqft.
  • Rented since November 2020 on 2 Ejari contracts, from AED 33,600 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2014 price is 7.9%, before a service charge of about AED 3,500 a year (AED 10.63 per sqft).
  • Studios in Loreto 3A sold for AED 545,000–575,000 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 17 May 2023.

Questions about A702A, Loreto 3A

What did unit A702A last sell for?

AED 533,900 on 24 August 2014, sold by the developer: AED 1,602 per sqft for 333 sqft. It is the only registered sale of the unit.

What is the rent for unit A702A?

AED 42,000 a year on the contract signed on 17 May 2023. The previous contract, from November 2020, was AED 33,600.

How big is unit A702A?

333 sqft (30.9 sqm): a studio on the 7th floor of a 9-storey tower completed in 2017.

What is unit A702A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Loreto 3A sold for AED 545,000 to 575,000 in the last 12 months, around AED 1,182 per sqft.

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Mortgage on A702A, Loreto 3A

Starts from the last sale price (AED 534K, 24 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 533,900
Deposit, UAE resident (20%)
AED 106,780
Deposit, non-resident (40%)
AED 213,560
Monthly over 25 years at 3.7%
AED 2,184

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