TH3, Loreto 1A
Sold prices and rental history: sold twice, last in May 2023, 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 TH3, Loreto 1A
What is TH3 worth today?
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Source: Dubai Land Department. Updated 8 May 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 2,560 sqft
- Floor
- Ground of 9
- Parking
- LP1-30 , LP1-31
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 35,400 /yr
- Last sold
- AED 1.88M · May 2023
- Building
- Loreto 1A
About TH3, Loreto 1A
TH3 is a two-bedroom apartment of 2,560 sqft on the ground floor of Loreto 1A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 8 May 2023 for AED 1,880,000, or AED 734 per sqft, 15% below the AED 865 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 February 2023, is AED 115,000 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 35,400 a year.
Sales and rents for TH3 over time
TH3 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 1A, and where TH3 sits
All 10 2-beds →TH3 last sold in May 2023 at AED 734 per sqft, 15% below what two-beds in Loreto 1A were fetching at the time (AED 865).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 31 Oct 202331 October 2023 | 2,555 sqft | 2,850,000 | 1,115 | ||
| 16 Mar 202316 March 2023 | 1,421 sqft | 1,339,999 | 943 | ||
| 7 Sep 20227 September 2022 | 2,209 sqft | 1,911,000 | 865 | ||
| 25 Mar 202225 March 2022 | 2,555 sqft | 2,032,000 | 795 |
Loreto 1A
Building84 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2017 by DAMAC. 3 sold in the last 12 months.
- Typical price per sqft
- AED 1,287
- Typical sale
- AED 650K
- Typical rent
- AED 64K /yr
- Typical yield
- 7.4%
Other units on the ground floor
All 84 units in Loreto 1ATH3, Loreto 1A in numbers
- Sold twice: first on 28 July 2019 for AED 1,910,000, last on 8 May 2023 for AED 1,880,000 (AED 734 per sqft).
- Rented since September 2019 on 4 Ejari contracts. The rent fell from AED 115,000 to AED 90,000 in 2021 and recovered to AED 115,000 by February 2023.
- At AED 115,000 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 35,400 a year (AED 13.82 per sqft).
Source: Dubai Land Department. Updated 8 May 2023.
Questions about TH3, Loreto 1A
What did unit TH3 last sell for?
AED 1,880,000 on 8 May 2023: AED 734 per sqft for 2,560 sqft. The unit has 2 registered sales; the first was AED 1,910,000 in July 2019.
What is the rent for unit TH3?
AED 115,000 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 97,500; the unit has been rented since September 2019.
How big is unit TH3?
2,560 sqft (237.8 sqm): a two-bedroom apartment on the ground floor of a 9-storey tower completed in 2017.
What is unit TH3 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on TH3, Loreto 1A
Starts from the last sale price (AED 1.88M, 8 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,880,000
- Deposit, UAE resident (20%)
- AED 376,000
- Deposit, non-resident (40%)
- AED 752,000
- Monthly over 25 years at 3.7%
- AED 7,692
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →