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Studio · 428 sqftLoreto 3B, Damac Hills · 7th floor · completed 2017

B701, Loreto 3B

Sold prices and rental history: sold twice, last in May 2019, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B701 · DLD and Ejari recordsUpdated 1 December 2023
Last soldAED 265K16 May 2019
Current rentAED 31K /yr1 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B701, Loreto 3B

What is B701 worth today?

Last sold for AED 265,000 in 2019

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1 Dec 2023RentedRenewal
AED 30,800/yr12 months · AED 73 per sqft
1 Dec 2022RentedNew contract
AED 30,800/yr12 months · AED 72 per sqft
1 Jun 2021RentedNew contract
AED 28,000/yr12 months · AED 65 per sqft
7 Sep 2019RentedRenewal
AED 38,000/yr12 months · AED 88 per sqft
16 May 2019SoldReady
AED 265,000AED 618 per sqft
7 Sep 2018RentedNew contract
AED 38,000/yr12 months · AED 88 per sqft
12 Mar 2015Sold by developerOff-plan
AED 600,400AED 1,402 per sqft

Source: Dubai Land Department. Updated 1 December 2023.

Key facts

Type
Studio apartment
Size
428 sqft
Floor
7th of 9
Parking
UP1-12
Developer
DAMAC
Completed
2017
Service charge
AED 4,600 /yr
Last sold
AED 265K · May 2019
Building
Loreto 3B

About B701, Loreto 3B

B701 is a studio of 428 sqft on the 7th floor of Loreto 3B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 16 May 2019 for AED 265,000, or AED 618 per sqft, in line with the AED 618 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 1 December 2023, is AED 30,800 a year: a gross yield of 11.6% on the 2019 price, before the service charge of about AED 4,600 a year.

Sales and rents for B701 over time

Sales
Unit B701, each saleTypical studio in Loreto 3B
250K500K750K20142017202020232026Typical sale price by year: 2014 AED 697,300; 2015 AED 679,250; 2017 AED 796,000; 2024 AED 515,000; 2025 AED 640,000Sold by developer, March 2015: AED 600,400 (AED 1,402 per sqft)Sold, May 2019: AED 265,000 (AED 618 per sqft)

B701 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit B701, each contractTypical studio in Loreto 3B
30K40K2018202120242027Typical rent by year: 2018 AED 36,000; 2019 AED 33,000; 2020 AED 29,459; 2021 AED 25,846; 2022 AED 30,400; 2023 AED 33,300; 2024 AED 36,000; 2025 AED 39,000; 2026 AED 44,100New contract, September 2018: AED 38,000 a yearRenewal, September 2019: AED 38,000 a yearNew contract, June 2021: AED 28,000 a yearNew contract, December 2022: AED 30,800 a yearRenewal, December 2023: AED 30,800 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Loreto 3B, and where B701 sits

All 25 studios →

B701 last sold in May 2019 at AED 618 per sqft, in line with what studios in Loreto 3B were fetching at the time (AED 618). Over the last 12 months studios sold for AED 605,000 to 640,000, around AED 1,108 per sqft, and rent for AED 35,000 to 60,000 a year. B701's AED 30,800 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
15 Jul 2026605,000
11 Nov 2025640,000
27 May 2025800,000
17 Apr 2025540,000
2 studio 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 7th floor

All 84 units in Loreto 3B
Value
B701A1-bedAED 1.4M · Jan 2025
B7022-bedAED 1.33M · Dec 2020
B702AStudioAED 540K · Apr 2025
B703StudioAED 660K · Sep 2014
B7042-bedAED 1.41M · Aug 2022
B7051-bedAED 1.13M · May 2025
B7061-bedAED 620K · Apr 2021
1–7 of 10

B701, Loreto 3B in numbers

  • Sold twice: first on 12 March 2015 for AED 600,400, last on 16 May 2019 for AED 265,000 (AED 618 per sqft).
  • Rented since September 2018 on 5 Ejari contracts, from AED 38,000 to AED 30,800 a year.
  • At AED 30,800 a year the gross yield on the 2019 price is 11.6%, before a service charge of about AED 4,600 a year (AED 10.63 per sqft).
  • Studios in Loreto 3B sold for AED 605,000–640,000 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 December 2023.

Questions about B701, Loreto 3B

What did unit B701 last sell for?

AED 265,000 on 16 May 2019: AED 618 per sqft for 428 sqft. The unit has 2 registered sales; the first was AED 600,400 in March 2015.

What is the rent for unit B701?

AED 30,800 a year on the contract renewed on 1 December 2023. The previous contract, from December 2022, was AED 30,800; the unit has been rented since September 2018.

How big is unit B701?

428 sqft (39.8 sqm): a studio on the 7th floor of a 9-storey tower completed in 2017.

What is unit B701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Loreto 3B sold for AED 605,000 to 640,000 in the last 12 months, around AED 1,108 per sqft.

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Mortgage on B701, Loreto 3B

Starts from the last sale price (AED 265K, 16 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 265,000
Deposit, UAE resident (20%)
AED 53,000
Deposit, non-resident (40%)
AED 106,000
Monthly over 25 years at 3.7%
AED 1,084

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