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1-bed · 852 sqftLoreto 3B, Damac Hills · 5th floor · completed 2017

B509, Loreto 3B

Sold prices and rental history: sold twice, last in August 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B509 · DLD and Ejari recordsUpdated 18 August 2023
Last soldAED 840K18 August 2023
Current rentAED 42K /yr20 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B509, Loreto 3B

What is B509 worth today?

Last sold for AED 840,000 in 2023

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18 Aug 2023SoldReady
AED 840,000AED 986 per sqft
20 Nov 2021RentedNew contract
AED 42,000/yr12 months · AED 49 per sqft
24 Sep 2020RentedNew contract
AED 43,000/yr12 months · AED 51 per sqft
15 Jun 2019RentedNew contract
AED 50,000/yr12 months · AED 59 per sqft
17 Nov 2014Sold by developerOff-plan
AED 1,123,850AED 1,319 per sqft

Source: Dubai Land Department. Updated 18 August 2023.

Key facts

Type
1-bed apartment
Size
852 sqft
Floor
5th of 9
Parking
LP1-13
Developer
DAMAC
Completed
2017
Service charge
AED 9,100 /yr
Last sold
AED 840K · August 2023
Building
Loreto 3B

About B509, Loreto 3B

B509 is a one-bedroom apartment of 852 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 August 2023 for AED 840,000, or AED 986 per sqft, in line with the AED 967 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 20 November 2021, is AED 42,000 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 9,100 a year.

Sales and rents for B509 over time

Sales
Unit B509, each saleTypical one-bed in Loreto 3B
800K1M1.2M20142017202020232026Typical sale price by year: 2014 AED 1,111,025; 2015 AED 1,169,450; 2017 AED 1,007,000; 2021 AED 846,000; 2022 AED 855,000; 2023 AED 840,000; 2024 AED 1,050,000; 2025 AED 1,112,500Sold by developer, November 2014: AED 1,123,850 (AED 1,319 per sqft)Sold, August 2023: AED 840,000 (AED 986 per sqft)

B509 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit B509, each contractTypical one-bed in Loreto 3B
40K60K80K2018202120242027Typical rent by year: 2018 AED 62,000; 2019 AED 57,000; 2020 AED 48,000; 2021 AED 47,250; 2022 AED 52,000; 2023 AED 60,000; 2024 AED 70,000; 2025 AED 78,000; 2026 AED 78,514New contract, June 2019: AED 50,000 a yearNew contract, September 2020: AED 43,000 a yearNew contract, November 2021: AED 42,000 a year

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 B509 sits

All 36 1-beds →

B509 last sold in August 2023 at AED 986 per sqft, in line with what one-beds in Loreto 3B were fetching at the time (AED 967). 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. B509's AED 42,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Oct 20261,250,000
13 Feb 20261,010,000
24 Dec 20251,624,000
26 May 20251,125,000
3 1-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
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
1–7 of 12

B509, Loreto 3B in numbers

  • Sold twice: first on 17 November 2014 for AED 1,123,850, last on 18 August 2023 for AED 840,000 (AED 986 per sqft).
  • Rented since June 2019 on 3 Ejari contracts, from AED 50,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 9,100 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 18 August 2023.

Questions about B509, Loreto 3B

What did unit B509 last sell for?

AED 840,000 on 18 August 2023: AED 986 per sqft for 852 sqft. The unit has 2 registered sales; the first was AED 1,123,850 in November 2014.

What is the rent for unit B509?

AED 42,000 a year on the contract signed on 20 November 2021. The previous contract, from September 2020, was AED 43,000; the unit has been rented since June 2019.

How big is unit B509?

852 sqft (79.2 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.

What is unit B509 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 B509, Loreto 3B

Starts from the last sale price (AED 840K, 18 August 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 →