B507, Loreto 3B
Sold prices and rental history: sold once, by the developer in November 2014, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B507, Loreto 3B
What is B507 worth today?
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Source: Dubai Land Department. Updated 1 August 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 837 sqft
- Floor
- 5th of 9
- Parking
- G-27
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 8,900 /yr
- Last sold
- AED 1.07M · November 2014
- Building
- Loreto 3B
About B507, Loreto 3B
B507 is a one-bedroom apartment of 837 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 5 November 2014 for AED 1,068,750, or AED 1,277 per sqft, in line with the AED 1,283 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 48,000 a year: a gross yield of 4.5% on the 2014 price, before the service charge of about AED 8,900 a year.
Sales and rents for B507 over time
B507 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Loreto 3B, and where B507 sits
All 36 1-beds →B507 last sold in November 2014 at AED 1,277 per sqft, in line with what one-beds in Loreto 3B were fetching at the time (AED 1,283). Over the last 12 months one-beds sold for AED 1,010,000 to 1,624,000, around AED 1,224 per sqft, and rent for AED 66,184 to 108,000 a year. B507's AED 48,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Oct 202628 October 2026 | 1,021 sqft | 1,250,000 | 1,224 | ||
| 13 Feb 202613 February 2026 | 830 sqft | 1,010,000 | 1,216 | ||
| 24 Dec 202524 December 2025 | 1,021 sqft | 1,624,000 | 1,590 | ||
| 26 May 202526 May 2025 | 850 sqft | 1,125,000 | 1,323 |
Loreto 3B
Building84 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%
Other units on the 5th floor
All 84 units in Loreto 3B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B501 | 2-bed | 1,702 sqft | AED 2.11MAED 2,112,500 · Jan 2024January 2024 | 123,000 /yr | |
| B502 | 2-bed | 1,513 sqft | AED 2.25MAED 2,254,350 · Nov 2014November 2014 | 130,000 /yr | |
| B502A | Studio | 321 sqft | AED 563KAED 563,350 · Nov 2014November 2014 | 44,100 /yr | |
| B503 | 1-bed | 801 sqft | AED 1.02MAED 1,021,250 · Dec 2014December 2014 | 65,000 /yr | |
| B504 | Studio | 495 sqft | AED 728KAED 727,700 · Nov 2014November 2014 | 44,000 /yr | |
| B505 | Studio | 525 sqft | AED 788KAED 787,550 · Nov 2014November 2014 | 48,000 /yr | |
| B506 | Studio | 526 sqft | AED 726KAED 726,000 · Jun 2017June 2017 | 44,000 /yr | |
| B508 | 1-bed | 886 sqft | AED 840KAED 840,000 · Jul 2023July 2023 | 70,000 /yr | |
| B509 | 1-bed | 852 sqft | AED 840KAED 840,000 · Aug 2023August 2023 | 42,000 /yr | |
| B510 | 1-bed | 1,021 sqft | AED 1.25MAED 1,250,000 · Oct 2026October 2026 | ||
| B511 | 2-bed | 1,495 sqft | AED 1.8MAED 1,800,000 · Jun 2024June 2024 | 82,950 /yr | |
| B512 | Studio | 430 sqft | AED 697KAED 697,300 · Dec 2014December 2014 | 37,000 /yr |
B507, Loreto 3B in numbers
- Sold once: by DAMAC on 5 November 2014 for AED 1,068,750, or AED 1,277 per sqft.
- Rented since July 2019 on 6 Ejari contracts. The rent fell from AED 50,000 to AED 39,000 in 2022 and recovered to AED 48,000 by August 2023.
- At AED 48,000 a year the gross yield on the 2014 price is 4.5%, before a service charge of about AED 8,900 a year (AED 10.63 per sqft).
- One-beds in Loreto 3B sold for AED 1,010,000–1,624,000 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 1 August 2023.
Questions about B507, Loreto 3B
What did unit B507 last sell for?
AED 1,068,750 on 5 November 2014, sold by the developer: AED 1,277 per sqft for 837 sqft. It is the only registered sale of the unit.
What is the rent for unit B507?
AED 48,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 39,000; the unit has been rented since July 2019.
How big is unit B507?
837 sqft (77.8 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit B507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Loreto 3B sold for AED 1,010,000 to 1,624,000 in the last 12 months, around AED 1,224 per sqft.
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Mortgage on B507, Loreto 3B
Starts from the last sale price (AED 1.07M, 5 November 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,068,750
- Deposit, UAE resident (20%)
- AED 213,750
- Deposit, non-resident (40%)
- AED 427,500
- Monthly over 25 years at 3.7%
- AED 4,373
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →