B302, Loreto 1B
Sold prices and rental history: sold once, by the developer in November 2019, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B302, Loreto 1B
What is B302 worth today?
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Source: Dubai Land Department. Updated 6 March 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 1,294 sqft
- Floor
- 3rd of 9
- Parking
- P2-07
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 17,900 /yr
- Last sold
- AED 1M · November 2019
- Building
- Loreto 1B
About B302, Loreto 1B
B302 is a one-bedroom apartment of 1,294 sqft on the 3rd floor of Loreto 1B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 24 November 2019 for AED 1,001,000, or AED 773 per sqft, 19% below the AED 951 one-beds in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 6 March 2021, is AED 54,853 a year: a gross yield of 5.5% on the 2019 price, before the service charge of about AED 17,900 a year.
Sales and rents for B302 over time
B302 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Loreto 1B, and where B302 sits
All 38 1-beds →B302 last sold in November 2019 at AED 773 per sqft, 19% below what one-beds in Loreto 1B were fetching at the time (AED 951). Over the last 12 months one-beds sold for AED 1,295,000, around AED 1,582 per sqft, and rent for AED 70,000 to 103,000 a year. B302's AED 54,853 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 May 20251 May 2025 | 796 sqft | 1,140,000 | 1,431 | ||
| 7 Feb 20257 February 2025 | 796 sqft | 1,050,000 | 1,318 | ||
| 16 Oct 202416 October 2024 | 796 sqft | 900,000 | 1,130 | ||
| 5 Sep 20245 September 2024 | 832 sqft | 1,020,000 | 1,226 |
Loreto 1B
Building84 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2017 by DAMAC. 2 sold in the last 12 months.
- Typical price per sqft
- AED 1,383
- Typical sale
- AED 1.01M
- Typical rent
- AED 80K /yr
- Typical yield
- 7.3%
Other units on the 3rd floor
All 84 units in Loreto 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B301 | 3-bed | 3,211 sqft | AED 3.45MAED 3,450,000 · May 2025May 2025 | 200,000 /yr | |
| B303 | Studio | 604 sqft | AED 715KAED 715,000 · Jan 2026January 2026 | ||
| B304 | Studio | 630 sqft | AED 768KAED 768,000 · Jan 2023January 2023 | ||
| B305 | Studio | 584 sqft | AED 770KAED 770,000 · May 2023May 2023 | 50,000 /yr | |
| B306 | 1-bed | 851 sqft | AED 1MAED 1,000,000 · Mar 2020March 2020 | ||
| B307 | Studio | 539 sqft | AED 750KAED 750,000 · Aug 2023August 2023 | 41,000 /yr | |
| B308 | 818 sqft | AED 1.3MAED 1,295,000 · Nov 2025November 2025 | |||
| B309 | Studio | 475 sqft | AED 566KAED 566,440 · Nov 2019November 2019 | 48,000 /yr | |
| B310 | 1-bed | 856 sqft | AED 923KAED 922,760 · Jan 2020January 2020 | ||
| B311 | 1-bed | 946 sqft | AED 1.11MAED 1,107,000 · Jan 2020January 2020 | 68,000 /yr | |
| B312 | 2-bed | 2,209 sqft | AED 1.97MAED 1,970,000 · Jul 2024July 2024 |
B302, Loreto 1B in numbers
- Sold once: by DAMAC on 24 November 2019 for AED 1,001,000, or AED 773 per sqft.
- Rented since November 2019 on 2 Ejari contracts, from AED 77,000 to AED 54,853 a year.
- At AED 54,853 a year the gross yield on the 2019 price is 5.5%, before a service charge of about AED 17,900 a year (AED 13.82 per sqft).
- One-beds in Loreto 1B sold for AED 1,295,000–1,295,000 in the 12 months to November 2026; the building's median across all types is AED 1,383 per sqft.
Source: Dubai Land Department. Updated 6 March 2021.
Questions about B302, Loreto 1B
What did unit B302 last sell for?
AED 1,001,000 on 24 November 2019, sold by the developer: AED 773 per sqft for 1,294 sqft. It is the only registered sale of the unit.
What is the rent for unit B302?
AED 54,853 a year on the contract signed on 6 March 2021. The previous contract, from November 2019, was AED 77,000.
How big is unit B302?
1,294 sqft (120.2 sqm): a one-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2017.
What is unit B302 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Loreto 1B sold for AED 1,295,000 to 1,295,000 in the last 12 months, around AED 1,582 per sqft.
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Mortgage on B302, Loreto 1B
Starts from the last sale price (AED 1M, 24 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,001,000
- Deposit, UAE resident (20%)
- AED 200,200
- Deposit, non-resident (40%)
- AED 400,400
- Monthly over 25 years at 3.7%
- AED 4,095
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →