B508, Loreto 3B
Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B508, Loreto 3B
What is B508 worth today?
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Source: Dubai Land Department. Updated 25 December 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 5th of 9
- Parking
- G-28
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 9,400 /yr
- Last sold
- AED 840K · July 2023
- Building
- Loreto 3B
About B508, Loreto 3B
B508 is a one-bedroom apartment of 886 sqft on the 5th floor of Loreto 3B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 18 July 2023 for AED 840,000, or AED 947 per sqft, in line with the AED 947 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 25 December 2023, is AED 70,000 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 9,400 a year.
Sales and rents for B508 over time
B508 has sold twice; 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 B508 sits
All 36 1-beds →B508 last sold in July 2023 at AED 947 per sqft, in line with what one-beds in Loreto 3B were fetching at the time (AED 947). 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. B508's AED 70,000 is in the lower half 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 | |
| B507 | 1-bed | 837 sqft | AED 1.07MAED 1,068,750 · Nov 2014November 2014 | 48,000 /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 |
B508, Loreto 3B in numbers
- Sold twice: first on 17 November 2014 for AED 1,264,450, last on 18 July 2023 for AED 840,000 (AED 947 per sqft).
- Rented since November 2018 on 6 Ejari contracts, from AED 54,848 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2023 price is 8.3%, before a service charge of about AED 9,400 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 25 December 2023.
Questions about B508, Loreto 3B
What did unit B508 last sell for?
AED 840,000 on 18 July 2023: AED 947 per sqft for 886 sqft. The unit has 2 registered sales; the first was AED 1,264,450 in November 2014.
What is the rent for unit B508?
AED 70,000 a year on the contract signed on 25 December 2023. The previous contract, from November 2022, was AED 55,000; the unit has been rented since November 2018.
How big is unit B508?
886 sqft (82.3 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit B508 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 B508, Loreto 3B
Starts from the last sale price (AED 840K, 18 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 840,000
- Deposit, UAE resident (20%)
- AED 168,000
- Deposit, non-resident (40%)
- AED 336,000
- Monthly over 25 years at 3.7%
- AED 3,437
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →