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2-bed · 1,695 sqftLoreto 3A, Damac Hills · 8th floor · completed 2017

A802, Loreto 3A

Sold prices and rental history: sold once, by the developer in September 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A802 · DLD and Ejari recordsUpdated 24 January 2023
Last soldAED 2.36M22 September 2014
Current rentAED 87K /yr24 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A802, Loreto 3A

What is A802 worth today?

Last sold for AED 2,364,550 in 2014

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24 Jan 2023RentedRenewal
AED 86,625/yr12 months · AED 51 per sqft
24 Jan 2022RentedRenewal
AED 82,500/yr12 months · AED 49 per sqft
24 Jan 2021RentedNew contract
AED 75,000/yr12 months · AED 44 per sqft
28 Oct 2019RentedRenewal
AED 85,000/yr12 months · AED 50 per sqft
28 Oct 2018RentedNew contract
AED 85,000/yr12 months · AED 50 per sqft
22 Sep 2014Sold by developerOff-plan
AED 2,364,550AED 1,395 per sqft

Source: Dubai Land Department. Updated 24 January 2023.

Key facts

Type
2-bed apartment
Size
1,695 sqft
Floor
8th of 9
Parking
LP1-28 , LP1-33
Developer
DAMAC
Completed
2017
Service charge
AED 18,000 /yr
Last sold
AED 2.36M · September 2014
Building
Loreto 3A

About A802, Loreto 3A

A802 is a two-bedroom apartment of 1,695 sqft on the 8th floor of Loreto 3A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 22 September 2014 for AED 2,364,550, or AED 1,395 per sqft.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 24 January 2023, is AED 86,625 a year: a gross yield of 3.7% on the 2014 price, before the service charge of about AED 18,000 a year.

Sales and rents for A802 over time

Sales
Unit A802, each saleTypical two-bed in Loreto 3A
2M20142017202020232026Typical 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, September 2014: AED 2,364,550 (AED 1,395 per sqft)

A802 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A802, 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, October 2018: AED 85,000 a yearRenewal, October 2019: AED 85,000 a yearNew contract, January 2021: AED 75,000 a yearRenewal, January 2022: AED 82,500 a yearRenewal, January 2023: AED 86,625 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 A802 sits

All 18 2-beds →

A802's AED 86,625 is in the lower 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 8th floor

All 82 units in Loreto 3A
Value
A801StudioAED 600K · Aug 2014
A801A1-bedAED 800K · Sep 2018
A802AStudioAED 534K · Sep 2014
A803StudioAED 575K · Oct 2026
A8042-bedAED 1.29M · Mar 2021
A8051-bedAED 1.18M · Aug 2014
A8061-bedAED 908K · Jul 2022
1–7 of 10

A802, Loreto 3A in numbers

  • Sold once: by DAMAC on 22 September 2014 for AED 2,364,550, or AED 1,395 per sqft.
  • Rented since October 2018 on 5 Ejari contracts. The rent fell from AED 85,000 to AED 75,000 in 2021 and recovered to AED 86,625 by January 2023.
  • At AED 86,625 a year the gross yield on the 2014 price is 3.7%, before a service charge of about AED 18,000 a year (AED 10.63 per sqft).

Source: Dubai Land Department. Updated 24 January 2023.

Questions about A802, Loreto 3A

What did unit A802 last sell for?

AED 2,364,550 on 22 September 2014, sold by the developer: AED 1,395 per sqft for 1,695 sqft. It is the only registered sale of the unit.

What is the rent for unit A802?

AED 86,625 a year on the contract renewed on 24 January 2023. The previous contract, from January 2022, was AED 82,500; the unit has been rented since October 2018.

How big is unit A802?

1,695 sqft (157.5 sqm): a two-bedroom apartment on the 8th floor of a 9-storey tower completed in 2017.

What is unit A802 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 A802, Loreto 3A

Starts from the last sale price (AED 2.36M, 22 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,364,550
Deposit, UAE resident (20%)
AED 472,910
Deposit, non-resident (40%)
AED 945,820
Monthly over 25 years at 3.7%
AED 9,674

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