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2-bed · 1,556 sqftLoreto 3A, Damac Hills · 7th floor · completed 2017

A708, Loreto 3A

Sold prices and rental history: sold once, by the developer in July 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A708 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 1.32M6 July 2021
Current rentAED 150K /yr15 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A708, Loreto 3A

What is A708 worth today?

Last sold for AED 1,319,878 in 2021

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15 Jul 2024RentedNew contract
AED 150,000/yr12 months · AED 96 per sqft
7 Jul 2023RentedNew contract
AED 150,000/yr12 months · AED 96 per sqft
7 Jul 2022RentedRenewal
AED 100,000/yr12 months · AED 64 per sqft
7 Jul 2021RentedNew contract
AED 84,000/yr12 months · AED 54 per sqft
6 Jul 2021Sold by developerReady
AED 1,319,878AED 847 per sqft

Source: Dubai Land Department. Updated 15 July 2024.

Key facts

Type
2-bed apartment
Size
1,556 sqft
Floor
7th of 9
Parking
T5-UP1-26
Developer
DAMAC
Completed
2017
Service charge
AED 16,500 /yr
Last sold
AED 1.32M · July 2021
Building
Loreto 3A

About A708, Loreto 3A

A708 is a two-bedroom apartment of 1,556 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 6 July 2021 for AED 1,319,878, or AED 847 per sqft, 10% above the AED 771 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 15 July 2024, is AED 150,000 a year: a gross yield of 11.4% on the 2021 price, before the service charge of about AED 16,500 a year.

Sales and rents for A708 over time

Sales
Unit A708, each saleTypical two-bed in Loreto 3A
2M2017202020232026Typical sale price by year: 2017 AED 1,768,500; 2019 AED 1,581,000; 2021 AED 1,325,000; 2022 AED 1,636,000; 2025 AED 2,700,000Sold by developer, July 2021: AED 1,319,878 (AED 847 per sqft)

A708 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A708, each contractTypical two-bed in Loreto 3A
100K150K2018202120242027Typical rent by year: 2018 AED 90,000; 2019 AED 85,000; 2020 AED 84,000; 2021 AED 84,000; 2022 AED 85,000; 2023 AED 100,000; 2024 AED 150,000; 2025 AED 150,000; 2026 AED 149,000New contract, July 2021: AED 84,000 a yearRenewal, July 2022: AED 100,000 a yearNew contract, July 2023: AED 150,000 a yearNew contract, July 2024: AED 150,000 a year

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 A708 sits

All 18 2-beds →

A708 last sold in July 2021 at AED 847 per sqft, 10% above what two-beds in Loreto 3A were fetching at the time (AED 771). A708's AED 150,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 May 20251,900,000
5 Apr 20252,700,000
24 Jan 20252,975,000
9 Aug 20241,795,000
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
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

A708, Loreto 3A in numbers

  • Sold once: by DAMAC on 6 July 2021 for AED 1,319,878, or AED 847 per sqft.
  • Rented since July 2021 on 4 Ejari contracts, from AED 84,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2021 price is 11.4%, before a service charge of about AED 16,500 a year (AED 10.63 per sqft).

Source: Dubai Land Department. Updated 15 July 2024.

Questions about A708, Loreto 3A

What did unit A708 last sell for?

AED 1,319,878 on 6 July 2021, sold by the developer: AED 847 per sqft for 1,556 sqft. It is the only registered sale of the unit.

What is the rent for unit A708?

AED 150,000 a year on the contract signed on 15 July 2024. The previous contract, from July 2023, was AED 150,000; the unit has been rented since July 2021.

How big is unit A708?

1,556 sqft (144.6 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.

What is unit A708 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 A708, Loreto 3A

Starts from the last sale price (AED 1.32M, 6 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,319,878
Deposit, UAE resident (20%)
AED 263,976
Deposit, non-resident (40%)
AED 527,951
Monthly over 25 years at 3.7%
AED 5,400

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