2-bed · 1,617 sqftLoreto 3A, Damac Hills · 7th floor · completed 2017

A704, Loreto 3A

Sold prices and rental history: sold once, by the developer in March 2023, 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 A704 · DLD and Ejari recordsUpdated 20 March 2023

Last soldAED 1.52M20 March 2023

Current rentAED 84K /yr29 January 2020

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for A704, Loreto 3A

Today

What is A704 worth today?

Last sold for AED 1,523,000 in 2023

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20 Mar 2023

20 Mar 2023Sold by developerReady

AED 1,523,000AED 941 per sqft

29 Jan 2020

29 Jan 2020RentedRenewal

AED 84,000/yr12 months · AED 52 per sqft

29 Jan 2019

29 Jan 2019RentedNew contract

AED 90,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 20 March 2023.

Key facts

Type: 2-bed apartment
Size: 1,617 sqft
Floor: 7th of 9
Parking: UP1-20
Developer: DAMAC
Completed: 2017
Service charge: AED 17,200 /yr
Last sold: AED 1.52M · March 2023
Building: Loreto 3A

About A704, Loreto 3A

A704 is a two-bedroom apartment of 1,617 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 20 March 2023 for AED 1,523,000, or AED 941 per sqft, 12% above the AED 842 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 29 January 2020, is AED 84,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 17,200 a year.

Sales and rents for A704 over time

Sales

Unit A704, each saleTypical two-bed in Loreto 3A

A704 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit A704, 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 A704 sits

All 18 2-beds →

Loreto 3A · all types1,272 /sqft

A704 last sold in March 2023 at AED 941 per sqft, 12% above what two-beds in Loreto 3A were fetching at the time (AED 842). A704's AED 84,000 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 7th floor

All 82 units in Loreto 3A


A701	Studio	428 sqft	AED 600KAED 600,400 · Sep 2014September 2014	38,000 /yr
A701A	1-bed	1,394 sqft	AED 1.38MAED 1,378,000 · Jul 2023July 2023	60,000 /yr
A702	2-bed	2,001 sqft	AED 1.62MAED 1,620,000 · Oct 2022October 2022
A702A	Studio	333 sqft	AED 534KAED 533,900 · Aug 2014August 2014	42,000 /yr
A703	Studio	227 sqft	AED 350KAED 350,000 · Mar 2019March 2019	43,000 /yr
A705	1-bed	850 sqft	AED 1.18MAED 1,181,800 · Aug 2014August 2014	80,000 /yr
A706	1-bed	885 sqft	AED 1.27MAED 1,273,950 · Nov 2014November 2014	54,454 /yr
A707	1-bed	843 sqft	AED 1.17MAED 1,173,250 · Dec 2014December 2014	52,800 /yr
A708	2-bed	1,556 sqft	AED 1.32MAED 1,319,878 · Jul 2021July 2021	150,000 /yr
A709	1-bed	777 sqft	AED 1.05MAED 1,050,000 · Apr 2025April 2025	57,750 /yr

1–7 of 10

A704, Loreto 3A in numbers

Sold once: by DAMAC on 20 March 2023 for AED 1,523,000, or AED 941 per sqft.
Rented since January 2019 on 2 Ejari contracts, from AED 90,000 to AED 84,000 a year.
At AED 84,000 a year the gross yield on the 2023 price is 5.5%, before a service charge of about AED 17,200 a year (AED 10.63 per sqft).

Source: Dubai Land Department. Updated 20 March 2023.

Questions about A704, Loreto 3A

What did unit A704 last sell for?

AED 1,523,000 on 20 March 2023, sold by the developer: AED 941 per sqft for 1,617 sqft. It is the only registered sale of the unit.

What is the rent for unit A704?

AED 84,000 a year on the contract renewed on 29 January 2020. The previous contract, from January 2019, was AED 90,000.

How big is unit A704?

1,617 sqft (150.2 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.

What is unit A704 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 A704, Loreto 3A

Starts from the last sale price (AED 1.52M, 20 March 2023). Switch to today's estimate once you have unlocked it.

Price: AED 1,523,000
Deposit, UAE resident (20%): AED 304,600
Deposit, non-resident (40%): AED 609,200
Monthly over 25 years at 3.7%: AED 6,231

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