2-bed · 1,457 sqftLoreto 3B, Damac Hills · 4th floor · completed 2017

B401, Loreto 3B

Sold prices and rental history: sold once, by the developer in April 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B401 · DLD and Ejari recordsUpdated 11 April 2022
Last soldAED 1.35M11 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B401, Loreto 3B

What is B401 worth today?

Last sold for AED 1,346,000 in 2022

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11 Apr 2022Sold by developerReady
AED 1,346,000AED 923 per sqft

Source: Dubai Land Department. Updated 11 April 2022.

Key facts

Type
2-bed apartment
Size
1,457 sqft
Floor
4th of 9
Parking
B-22
Developer
DAMAC
Completed
2017
Service charge
AED 15,500 /yr
Last sold
AED 1.35M · April 2022
Building
Loreto 3B

About B401, Loreto 3B

B401 is a two-bedroom apartment of 1,457 sqft on the 4th floor of Loreto 3B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 11 April 2022 for AED 1,346,000, or AED 923 per sqft, 4% above the AED 884 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for B401 over time

Sales
Unit B401, each saleTypical two-bed in Loreto 3B
1.5M1.75M20172019202120232025Typical sale price by year: 2017 AED 1,740,522; 2021 AED 1,526,500; 2022 AED 1,607,000; 2024 AED 1,820,000Sold by developer, April 2022: AED 1,346,000 (AED 923 per sqft)

B401 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit B401, each contractTypical two-bed in Loreto 3B
75K100K125K2018202120242027Typical rent by year: 2018 AED 75,000; 2019 AED 82,000; 2020 AED 82,000; 2021 AED 83,000; 2022 AED 85,000; 2023 AED 85,000; 2024 AED 117,206; 2025 AED 125,000; 2026 AED 117,500

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

2-beds in Loreto 3B, and where B401 sits

All 19 2-beds →

B401 last sold in April 2022 at AED 923 per sqft, 4% above what two-beds in Loreto 3B were fetching at the time (AED 884). Over the last 12 months two-beds sold for AED 1,600,000 to 2,800,000, around AED 1,120 per sqft, and rent for AED 100,000 to 150,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Jul 20261,600,000
11 Dec 20252,800,000
25 Nov 20241,820,000
17 Sep 20242,100,000
2 2-bed sales in the last 12 months

Loreto 3B

Building

84 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2017 by DAMAC. 7 sold in the last 12 months.

Typical price per sqft
AED 1,156
Typical sale
AED 1.25M
Typical rent
AED 74K /yr
Typical yield
7.8%
Loreto 3B, Damac Hills: prices, sales and rents →

Other units on the 4th floor

All 84 units in Loreto 3B
Value
B4022-bedAED 1.51M · Jul 2021
B402AStudioAED 563K · Aug 2014
B4031-bedAED 1.05M · Jan 2015
B404StudioAED 728K · Nov 2014
B405StudioAED 605K · Jul 2026
B406StudioAED 722K · Apr 2017
B4071-bedAED 1.07M · Sep 2014
1–7 of 12

B401, Loreto 3B in numbers

  • Sold once: by DAMAC on 11 April 2022 for AED 1,346,000, or AED 923 per sqft.
  • Two-beds in Loreto 3B sold for AED 1,600,000–2,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,156 per sqft.

Source: Dubai Land Department. Updated 11 April 2022.

Questions about B401, Loreto 3B

What did unit B401 last sell for?

AED 1,346,000 on 11 April 2022, sold by the developer: AED 923 per sqft for 1,457 sqft. It is the only registered sale of the unit.

How big is unit B401?

1,457 sqft (135.4 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2017.

What is unit B401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Loreto 3B sold for AED 1,600,000 to 2,800,000 in the last 12 months, around AED 1,120 per sqft.

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Mortgage on B401, Loreto 3B

Starts from the last sale price (AED 1.35M, 11 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,346,000
Deposit, UAE resident (20%)
AED 269,200
Deposit, non-resident (40%)
AED 538,400
Monthly over 25 years at 3.7%
AED 5,507

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