B409, Loreto 1B
Sold prices and rental history: sold once, by the developer in November 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B409, Loreto 1B
What is B409 worth today?
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Source: Dubai Land Department. Updated 30 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 818 sqft
- Floor
- 4th of 9
- Parking
- B-25
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 11,300 /yr
- Last sold
- AED 774K · November 2019
- Building
- Loreto 1B
About B409, Loreto 1B
B409 is a one-bedroom apartment of 818 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 18 November 2019 for AED 774,000, or AED 945 per sqft, in line with the AED 954 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 30 August 2024, is AED 57,251 a year: a gross yield of 7.4% on the 2019 price, before the service charge of about AED 11,300 a year.
Sales and rents for B409 over time
B409 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 B409 sits
All 38 1-beds →B409 last sold in November 2019 at AED 945 per sqft, in line with what one-beds in Loreto 1B were fetching at the time (AED 954). 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. B409's AED 57,251 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 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 | |
| B408 | 1-bed | 801 sqft | AED 935KAED 935,000 · Feb 2020February 2020 | 80,000 /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 |
B409, Loreto 1B in numbers
- Sold once: by DAMAC on 18 November 2019 for AED 774,000, or AED 945 per sqft.
- Rented since March 2020 on 5 Ejari contracts, from AED 53,000 to AED 57,251 a year.
- At AED 57,251 a year the gross yield on the 2019 price is 7.4%, before a service charge of about AED 11,300 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 30 August 2024.
Questions about B409, Loreto 1B
What did unit B409 last sell for?
AED 774,000 on 18 November 2019, sold by the developer: AED 945 per sqft for 818 sqft. It is the only registered sale of the unit.
What is the rent for unit B409?
AED 57,251 a year on the contract renewed on 30 August 2024. The previous contract, from August 2023, was AED 57,750; the unit has been rented since March 2020.
How big is unit B409?
818 sqft (76.0 sqm): a one-bedroom apartment on the 4th floor of a 9-storey tower completed in 2017.
What is unit B409 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 B409, Loreto 1B
Starts from the last sale price (AED 774K, 18 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 774,000
- Deposit, UAE resident (20%)
- AED 154,800
- Deposit, non-resident (40%)
- AED 309,600
- Monthly over 25 years at 3.7%
- AED 3,167
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →