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2-bed · 2,554 sqftLoreto 3B, Damac Hills · Ground floor · completed 2017

TH6, Loreto 3B

Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit TH6 · DLD and Ejari recordsUpdated 24 August 2022
Last soldAED 1.71M24 August 2022
Current rentAED 111K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH6, Loreto 3B

What is TH6 worth today?

Last sold for AED 1,705,200 in 2022

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24 Aug 2022Sold by developerReady
AED 1,705,200AED 667 per sqft
1 Aug 2021RentedNew contract
AED 110,500/yr12 months · AED 43 per sqft
1 Jul 2020RentedRenewal
AED 110,500/yr13 months · AED 43 per sqft
1 Jun 2019RentedNew contract
AED 111,250/yr13 months · AED 44 per sqft

Source: Dubai Land Department. Updated 24 August 2022.

Key facts

Type
2-bed apartment
Size
2,554 sqft
Floor
Ground of 9
Parking
UP1-07 , UP1-41
Developer
DAMAC
Completed
2017
Service charge
AED 27,100 /yr
Last sold
AED 1.71M · August 2022
Building
Loreto 3B

About TH6, Loreto 3B

TH6 is a two-bedroom apartment of 2,554 sqft on the ground floor of Loreto 3B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 24 August 2022 for AED 1,705,200, or AED 667 per sqft, 24% below the AED 872 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 August 2021, is AED 110,500 a year: a gross yield of 6.5% on the 2022 price, before the service charge of about AED 27,100 a year.

Sales and rents for TH6 over time

Sales
Unit TH6, each saleTypical two-bed in Loreto 3B
1.6M1.8M20172019202120232025Typical sale price by year: 2017 AED 1,740,522; 2021 AED 1,526,500; 2022 AED 1,607,000; 2024 AED 1,820,000Sold by developer, August 2022: AED 1,705,200 (AED 667 per sqft)

TH6 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit TH6, each contractTypical two-bed in Loreto 3B
75K100K125K2018202120242027Typical rent by year: 2018 AED 75,000; 2019 AED 82,000; 2020 AED 82,000; 2021 AED 83,000; 2022 AED 85,000; 2023 AED 85,000; 2024 AED 117,206; 2025 AED 125,000; 2026 AED 117,500New contract, June 2019: AED 111,250 a yearRenewal, July 2020: AED 110,500 a yearNew contract, August 2021: AED 110,500 a year

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 TH6 sits

All 19 2-beds →

TH6 last sold in August 2022 at AED 667 per sqft, 24% below what two-beds in Loreto 3B were fetching at the time (AED 872). 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. TH6's AED 110,500 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Jul 20261,600,000
11 Dec 20252,800,000
25 Nov 20241,820,000
17 Sep 20242,100,000
2 2-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 ground floor

All 84 units in Loreto 3B
Value
TH52-bedAED 1.55M · Jun 2021
TH73-bedAED 2.8M · Nov 2022
TH83-bedAED 1.88M · Sep 2019

TH6, Loreto 3B in numbers

  • Sold once: by DAMAC on 24 August 2022 for AED 1,705,200, or AED 667 per sqft.
  • Rented since June 2019 on 3 Ejari contracts, from AED 111,250 to AED 110,500 a year.
  • At AED 110,500 a year the gross yield on the 2022 price is 6.5%, before a service charge of about AED 27,100 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 24 August 2022.

Questions about TH6, Loreto 3B

What did unit TH6 last sell for?

AED 1,705,200 on 24 August 2022, sold by the developer: AED 667 per sqft for 2,554 sqft. It is the only registered sale of the unit.

What is the rent for unit TH6?

AED 110,500 a year on the contract signed on 1 August 2021. The previous contract, from July 2020, was AED 110,500; the unit has been rented since June 2019.

How big is unit TH6?

2,554 sqft (237.3 sqm): a two-bedroom apartment on the ground floor of a 9-storey tower completed in 2017.

What is unit TH6 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 TH6, Loreto 3B

Starts from the last sale price (AED 1.71M, 24 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,705,200
Deposit, UAE resident (20%)
AED 341,040
Deposit, non-resident (40%)
AED 682,080
Monthly over 25 years at 3.7%
AED 6,977

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