1-bed · 843 sqftLoreto 3A, Damac Hills · 7th floor · completed 2017

A707, Loreto 3A

Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A707 · DLD and Ejari recordsUpdated 11 February 2023
Last soldAED 1.17M14 December 2014
Current rentAED 53K /yr11 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A707, Loreto 3A

What is A707 worth today?

Last sold for AED 1,173,250 in 2014

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11 Feb 2023RentedRenewal
AED 52,800/yr12 months · AED 63 per sqft
11 Feb 2022RentedRenewal
AED 52,800/yr12 months · AED 63 per sqft
11 Feb 2021RentedRenewal
AED 52,800/yr12 months · AED 63 per sqft
1 Feb 2020RentedNew contract
AED 48,000/yr12 months · AED 57 per sqft
10 Jan 2019RentedNew contract
AED 55,000/yr12 months · AED 66 per sqft
14 Dec 2014Sold by developerOff-plan
AED 1,173,250AED 1,391 per sqft

Source: Dubai Land Department. Updated 11 February 2023.

Key facts

Type
1-bed apartment
Size
843 sqft
Floor
7th of 9
Parking
UP1-25
Developer
DAMAC
Completed
2017
Service charge
AED 9,000 /yr
Last sold
AED 1.17M · December 2014
Building
Loreto 3A

About A707, Loreto 3A

A707 is a one-bedroom apartment of 843 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 14 December 2014 for AED 1,173,250, or AED 1,391 per sqft, in line with the AED 1,389 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 11 February 2023, is AED 52,800 a year: a gross yield of 4.5% on the 2014 price, before the service charge of about AED 9,000 a year.

Sales and rents for A707 over time

Sales
Unit A707, 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, December 2014: AED 1,173,250 (AED 1,391 per sqft)

A707 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit A707, 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, January 2019: AED 55,000 a yearNew contract, February 2020: AED 48,000 a yearRenewal, February 2021: AED 52,800 a yearRenewal, February 2022: AED 52,800 a yearRenewal, February 2023: AED 52,800 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 A707 sits

All 36 1-beds →

A707 last sold in December 2014 at AED 1,391 per sqft, in line with what one-beds in Loreto 3A were fetching at the time (AED 1,389). 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. A707's AED 52,800 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
A701A1-bedAED 1.38M · Jul 2023
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
1–7 of 10

A707, Loreto 3A in numbers

  • Sold once: by DAMAC on 14 December 2014 for AED 1,173,250, or AED 1,391 per sqft.
  • Rented since January 2019 on 5 Ejari contracts, from AED 55,000 to AED 52,800 a year.
  • At AED 52,800 a year the gross yield on the 2014 price is 4.5%, 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 11 February 2023.

Questions about A707, Loreto 3A

What did unit A707 last sell for?

AED 1,173,250 on 14 December 2014, sold by the developer: AED 1,391 per sqft for 843 sqft. It is the only registered sale of the unit.

What is the rent for unit A707?

AED 52,800 a year on the contract renewed on 11 February 2023. The previous contract, from February 2022, was AED 52,800; the unit has been rented since January 2019.

How big is unit A707?

843 sqft (78.3 sqm): a one-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.

What is unit A707 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 A707, Loreto 3A

Starts from the last sale price (AED 1.17M, 14 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,173,250
Deposit, UAE resident (20%)
AED 234,650
Deposit, non-resident (40%)
AED 469,300
Monthly over 25 years at 3.7%
AED 4,800

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