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2-bed · 1,513 sqftLoreto 3B, Damac Hills · 5th floor · completed 2017

B502, Loreto 3B

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

Unit B502 · DLD and Ejari recordsUpdated 22 May 2025
Last soldAED 2.25M17 November 2014
Current rentAED 130K /yr22 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B502, Loreto 3B

What is B502 worth today?

Last sold for AED 2,254,350 in 2014

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22 May 2025RentedNew contract
AED 130,000/yr12 months · AED 86 per sqft
22 May 2025RentedNew contract
AED 130,000/yr12 months · AED 86 per sqft
21 Nov 2022RentedNew contract
AED 110,000/yr24 months · AED 73 per sqft
30 Jun 2021RentedNew contract
AED 85,000/yr12 months · AED 56 per sqft
4 Oct 2019RentedRenewal
AED 31,000/yr12 months · AED 20 per sqft
4 Oct 2018RentedNew contract
AED 33,000/yr12 months · AED 22 per sqft
17 Nov 2014Sold by developerOff-plan
AED 2,254,350AED 1,489 per sqft

Source: Dubai Land Department. Updated 22 May 2025.

Key facts

Type
2-bed apartment
Size
1,513 sqft
Floor
5th of 9
Parking
G-25
Developer
DAMAC
Completed
2017
Service charge
AED 16,100 /yr
Last sold
AED 2.25M · November 2014
Building
Loreto 3B

About B502, Loreto 3B

B502 is a two-bedroom apartment of 1,513 sqft on the 5th floor of Loreto 3B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 17 November 2014 for AED 2,254,350, or AED 1,489 per sqft.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 22 May 2025, is AED 130,000 a year: a gross yield of 5.8% on the 2014 price, before the service charge of about AED 16,100 a year.

Sales and rents for B502 over time

Sales
Unit B502, each saleTypical two-bed in Loreto 3B
1.5M2M2014201720202023Typical 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, November 2014: AED 2,254,350 (AED 1,489 per sqft)

B502 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit B502, each contractTypical two-bed in Loreto 3B
50K100K2018202120242027Typical 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 2018: AED 33,000 a yearRenewal, October 2019: AED 31,000 a yearNew contract, June 2021: AED 85,000 a yearNew contract, November 2022: AED 110,000 a yearNew contract, May 2025: AED 130,000 a yearNew contract, May 2025: AED 130,000 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 B502 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. B502's AED 130,000 is in the upper 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
B5012-bedAED 2.11M · Jan 2024
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

B502, Loreto 3B in numbers

  • Sold once: by DAMAC on 17 November 2014 for AED 2,254,350, or AED 1,489 per sqft.
  • Rented since October 2018 on 6 Ejari contracts, from AED 33,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2014 price is 5.8%, before a service charge of about AED 16,100 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 22 May 2025.

Questions about B502, Loreto 3B

What did unit B502 last sell for?

AED 2,254,350 on 17 November 2014, sold by the developer: AED 1,489 per sqft for 1,513 sqft. It is the only registered sale of the unit.

What is the rent for unit B502?

AED 130,000 a year on the contract signed on 22 May 2025. The previous contract, from May 2025, was AED 130,000; the unit has been rented since October 2018.

How big is unit B502?

1,513 sqft (140.6 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.

What is unit B502 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 B502, Loreto 3B

Starts from the last sale price (AED 2.25M, 17 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,254,350
Deposit, UAE resident (20%)
AED 450,870
Deposit, non-resident (40%)
AED 901,740
Monthly over 25 years at 3.7%
AED 9,223

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