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2-bed · 1,702 sqftLoreto 3B, Damac Hills · 5th floor · completed 2017

B501, Loreto 3B

Sold prices and rental history: sold twice, last in January 2024, and rented once, from October 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B501 · DLD and Ejari recordsUpdated 15 January 2024
Last soldAED 2.11M15 January 2024
Current rentAED 123K /yr20 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B501, Loreto 3B

What is B501 worth today?

Last sold for AED 2,112,500 in 2024

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15 Jan 2024SoldReady
AED 2,112,500AED 1,241 per sqft
12 Jul 2021Sold by developerReady
AED 1,544,000AED 907 per sqft
20 Oct 2019RentedNew contract
AED 123,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 15 January 2024.

Key facts

Type
2-bed apartment
Size
1,702 sqft
Floor
5th of 9
Parking
P2-27
Developer
DAMAC
Completed
2017
Service charge
AED 18,100 /yr
Last sold
AED 2.11M · January 2024
Building
Loreto 3B

About B501, Loreto 3B

B501 is a two-bedroom apartment of 1,702 sqft on the 5th floor of Loreto 3B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 15 January 2024 for AED 2,112,500, or AED 1,241 per sqft.

One Ejari contract is registered, from 20 October 2019. The current contract, signed on 20 October 2019, is AED 123,000 a year: a gross yield of 5.8% on the 2024 price, before the service charge of about AED 18,100 a year.

Sales and rents for B501 over time

Sales
Unit B501, each saleTypical two-bed in Loreto 3B
1.5M2M20172019202120232025Typical 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, July 2021: AED 1,544,000 (AED 907 per sqft)Sold, January 2024: AED 2,112,500 (AED 1,241 per sqft)

B501 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit B501, 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 117,500New contract, October 2019: AED 123,000 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 3B, and where B501 sits

All 19 2-beds →

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. B501's AED 123,000 is in the lower half of that range.

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 5th floor

All 84 units in Loreto 3B
Value
B5022-bedAED 2.25M · Nov 2014
B502AStudioAED 563K · Nov 2014
B5031-bedAED 1.02M · Dec 2014
B504StudioAED 728K · Nov 2014
B505StudioAED 788K · Nov 2014
B506StudioAED 726K · Jun 2017
B5071-bedAED 1.07M · Nov 2014
1–7 of 12

B501, Loreto 3B in numbers

  • Sold twice: first on 12 July 2021 for AED 1,544,000, last on 15 January 2024 for AED 2,112,500 (AED 1,241 per sqft).
  • Rented since October 2019 on one Ejari contract, at AED 123,000 a year.
  • At AED 123,000 a year the gross yield on the 2024 price is 5.8%, before a service charge of about AED 18,100 a year (AED 10.63 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 15 January 2024.

Questions about B501, Loreto 3B

What did unit B501 last sell for?

AED 2,112,500 on 15 January 2024: AED 1,241 per sqft for 1,702 sqft. The unit has 2 registered sales; the first was AED 1,544,000 in July 2021.

What is the rent for unit B501?

AED 123,000 a year on the contract signed on 20 October 2019.

How big is unit B501?

1,702 sqft (158.1 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.

What is unit B501 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 B501, Loreto 3B

Starts from the last sale price (AED 2.11M, 15 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,112,500
Deposit, UAE resident (20%)
AED 422,500
Deposit, non-resident (40%)
AED 845,000
Monthly over 25 years at 3.7%
AED 8,643

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