B511, Loreto 3B
Sold prices and rental history: sold twice, last in June 2024, 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 B511, Loreto 3B
What is B511 worth today?
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Source: Dubai Land Department. Updated 26 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,495 sqft
- Floor
- 5th of 9
- Parking
- T6-LP1-15
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 15,900 /yr
- Last sold
- AED 1.8M · June 2024
- Building
- Loreto 3B
About B511, Loreto 3B
B511 is a two-bedroom apartment of 1,495 sqft on the 5th floor of Loreto 3B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 26 June 2024 for AED 1,800,000, or AED 1,203 per sqft, in line with the AED 1,203 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 July 2023, is AED 82,950 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 15,900 a year.
Sales and rents for B511 over time
B511 has sold twice; the dashed line is the two-bed median of each year in the building.
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 B511 sits
All 19 2-beds →B511 last sold in June 2024 at AED 1,203 per sqft, in line with what two-beds in Loreto 3B were fetching at the time (AED 1,203). 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. B511's AED 82,950 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jul 202627 July 2026 | 1,477 sqft | 1,600,000 | 1,083 | ||
| 11 Dec 202511 December 2025 | 2,420 sqft | 2,800,000 | 1,156 | ||
| 25 Nov 202425 November 2024 | 1,505 sqft | 1,820,000 | 1,209 | ||
| 17 Sep 202417 September 2024 | 1,695 sqft | 2,100,000 | 1,239 |
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 | |
| 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 | ||
| B512 | Studio | 430 sqft | AED 697KAED 697,300 · Dec 2014December 2014 | 37,000 /yr |
B511, Loreto 3B in numbers
- Sold twice: first on 2 July 2017 for AED 1,738,044, last on 26 June 2024 for AED 1,800,000 (AED 1,203 per sqft).
- Rented since January 2019 on 4 Ejari contracts, from AED 80,000 to AED 82,950 a year.
- At AED 82,950 a year the gross yield on the 2024 price is 4.6%, before a service charge of about AED 15,900 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 26 June 2024.
Questions about B511, Loreto 3B
What did unit B511 last sell for?
AED 1,800,000 on 26 June 2024: AED 1,203 per sqft for 1,495 sqft. The unit has 2 registered sales; the first was AED 1,738,044 in July 2017.
What is the rent for unit B511?
AED 82,950 a year on the contract renewed on 1 July 2023. The previous contract, from July 2022, was AED 79,000; the unit has been rented since January 2019.
How big is unit B511?
1,495 sqft (138.9 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit B511 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 B511, Loreto 3B
Starts from the last sale price (AED 1.8M, 26 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,800,000
- Deposit, UAE resident (20%)
- AED 360,000
- Deposit, non-resident (40%)
- AED 720,000
- Monthly over 25 years at 3.7%
- AED 7,364
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →