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1-bed · 848 sqftLoreto 3B, Damac Hills · 6th floor · completed 2017

B609, Loreto 3B

Sold prices and rental history: sold twice, last in June 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B609 · DLD and Ejari recordsUpdated 30 June 2022
Last soldAED 705K30 June 2022
Current rentAED 42K /yr11 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B609, Loreto 3B

What is B609 worth today?

Last sold for AED 705,000 in 2022

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30 Jun 2022SoldReady
AED 705,000AED 830 per sqft
11 Nov 2021RentedRenewal
AED 42,000/yr12 months · AED 49 per sqft
11 Nov 2020RentedNew contract
AED 42,000/yr12 months · AED 49 per sqft
6 Oct 2019RentedRenewal
AED 58,000/yr12 months · AED 68 per sqft
6 Oct 2018RentedNew contract
AED 60,000/yr12 months · AED 71 per sqft
14 Dec 2014Sold by developerOff-plan
AED 1,170,400AED 1,379 per sqft

Source: Dubai Land Department. Updated 30 June 2022.

Key facts

Type
1-bed apartment
Size
848 sqft
Floor
6th of 9
Parking
UP1-03
Developer
DAMAC
Completed
2017
Service charge
AED 9,000 /yr
Last sold
AED 705K · June 2022
Building
Loreto 3B

About B609, Loreto 3B

B609 is a one-bedroom apartment of 848 sqft on the 6th floor of Loreto 3B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 30 June 2022 for AED 705,000, or AED 830 per sqft.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 11 November 2021, is AED 42,000 a year: a gross yield of 6.0% on the 2022 price, before the service charge of about AED 9,000 a year.

Sales and rents for B609 over time

Sales
Unit B609, each saleTypical one-bed in Loreto 3B
750K1M1.25M20142017202020232026Typical 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, December 2014: AED 1,170,400 (AED 1,379 per sqft)Sold, June 2022: AED 705,000 (AED 830 per sqft)

B609 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit B609, 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, October 2018: AED 60,000 a yearRenewal, October 2019: AED 58,000 a yearNew contract, November 2020: AED 42,000 a yearRenewal, 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 B609 sits

All 36 1-beds →

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. B609'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 6th floor

All 84 units in Loreto 3B
Value
B6011-bedAED 1.84M · Jan 2015
B6022-bedAED 1.73M · Feb 2019
B602BStudioAED 560K · Aug 2014
B6031-bedAED 1.01M · Feb 2026
B604StudioAED 728K · Sep 2014
B605StudioAED 560K · Nov 2024
B606StudioAED 774K · Jan 2015
1–7 of 12

B609, Loreto 3B in numbers

  • Sold twice: first on 14 December 2014 for AED 1,170,400, last on 30 June 2022 for AED 705,000 (AED 830 per sqft).
  • Rented since October 2018 on 4 Ejari contracts, from AED 60,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2022 price is 6.0%, before a service charge of about AED 9,000 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 30 June 2022.

Questions about B609, Loreto 3B

What did unit B609 last sell for?

AED 705,000 on 30 June 2022: AED 830 per sqft for 848 sqft. The unit has 2 registered sales; the first was AED 1,170,400 in December 2014.

What is the rent for unit B609?

AED 42,000 a year on the contract renewed on 11 November 2021. The previous contract, from November 2020, was AED 42,000; the unit has been rented since October 2018.

How big is unit B609?

848 sqft (78.8 sqm): a one-bedroom apartment on the 6th floor of a 9-storey tower completed in 2017.

What is unit B609 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 B609, Loreto 3B

Starts from the last sale price (AED 705K, 30 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 705,000
Deposit, UAE resident (20%)
AED 141,000
Deposit, non-resident (40%)
AED 282,000
Monthly over 25 years at 3.7%
AED 2,884

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