B408, Loreto 1B
Sold prices and rental history: sold once, by the developer in February 2020, and rented once, from February 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B408, Loreto 1B
What is B408 worth today?
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Source: Dubai Land Department. Updated 1 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 801 sqft
- Floor
- 4th of 9
- Parking
- B-24
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 11,100 /yr
- Last sold
- AED 935K · February 2020
- Building
- Loreto 1B
About B408, Loreto 1B
B408 is a one-bedroom apartment of 801 sqft on the 4th floor of Loreto 1B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 9 February 2020 for AED 935,000, or AED 1,166 per sqft, 22% above the AED 956 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 February 2024. The current contract, signed on 1 February 2024, is AED 80,000 a year: a gross yield of 8.6% on the 2020 price, before the service charge of about AED 11,100 a year.
Sales and rents for B408 over time
B408 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 B408 sits
All 38 1-beds →B408 last sold in February 2020 at AED 1,166 per sqft, 22% above what one-beds in Loreto 1B were fetching at the time (AED 956). 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. B408's AED 80,000 is in the lower half 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 4th floor
All 84 units in Loreto 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B401 | 3-bed | 1,619 sqft | AED 1.23MAED 1,231,200 · Dec 2022December 2022 | 158,100 /yr | |
| B402 | 1-bed | 796 sqft | AED 1.14MAED 1,140,000 · May 2025May 2025 | 30,000 /yr | |
| B403 | Studio | 482 sqft | AED 400KAED 400,000 · Sep 2022September 2022 | 46,000 /yr | |
| B404 | Studio | 501 sqft | AED 803KAED 803,000 · Jun 2023June 2023 | 52,800 /yr | |
| B405 | Studio | 460 sqft | AED 525KAED 525,000 · Dec 2024December 2024 | 55,000 /yr | |
| B406 | 787 sqft | AED 1MAED 1,000,000 · Nov 2025November 2025 | |||
| B407 | 1-bed | 816 sqft | AED 585KAED 585,000 · Dec 2020December 2020 | 64,100 /yr | |
| B409 | 1-bed | 818 sqft | AED 774KAED 774,000 · Nov 2019November 2019 | 57,251 /yr | |
| B410 | Studio | 476 sqft | AED 525KAED 525,000 · Nov 2024November 2024 | 65,000 /yr | |
| B411 | 1-bed | 860 sqft | AED 813KAED 813,000 · Jan 2020January 2020 | 86,000 /yr | |
| B412 | 1-bed | 942 sqft | AED 1.11MAED 1,107,000 · Mar 2020March 2020 | 87,000 /yr | |
| B413 | 2-bed | 1,336 sqft | AED 1.19MAED 1,190,000 · Nov 2019November 2019 |
B408, Loreto 1B in numbers
- Sold once: by DAMAC on 9 February 2020 for AED 935,000, or AED 1,166 per sqft.
- Rented since February 2024 on one Ejari contract, at AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2020 price is 8.6%, before a service charge of about AED 11,100 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 1 February 2024.
Questions about B408, Loreto 1B
What did unit B408 last sell for?
AED 935,000 on 9 February 2020, sold by the developer: AED 1,166 per sqft for 801 sqft. It is the only registered sale of the unit.
What is the rent for unit B408?
AED 80,000 a year on the contract signed on 1 February 2024.
How big is unit B408?
801 sqft (74.4 sqm): a one-bedroom apartment on the 4th floor of a 9-storey tower completed in 2017.
What is unit B408 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 B408, Loreto 1B
Starts from the last sale price (AED 935K, 9 February 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 935,000
- Deposit, UAE resident (20%)
- AED 187,000
- Deposit, non-resident (40%)
- AED 374,000
- Monthly over 25 years at 3.7%
- AED 3,825
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →