B502, Loreto 1B
Sold prices and rental history: sold once, by the developer in November 2019, and rented once, from December 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B502, Loreto 1B
What is B502 worth today?
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Source: Dubai Land Department. Updated 20 December 2019.
Key facts
- Type
- 1-bed apartment
- Size
- 797 sqft
- Floor
- 5th of 9
- Parking
- G-17
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 11,000 /yr
- Last sold
- AED 762K · November 2019
- Building
- Loreto 1B
About B502, Loreto 1B
B502 is a one-bedroom apartment of 797 sqft on the 5th floor of Loreto 1B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 17 November 2019 for AED 762,000, or AED 956 per sqft, in line with the AED 956 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 20 December 2019. The current contract, signed on 20 December 2019, is AED 57,000 a year: a gross yield of 7.5% on the 2019 price, before the service charge of about AED 11,000 a year.
Sales and rents for B502 over time
B502 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 B502 sits
All 38 1-beds →B502 last sold in November 2019 at AED 956 per sqft, in line with 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. B502's AED 57,000 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 5th floor
All 84 units in Loreto 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B501 | 3-bed | 1,619 sqft | AED 1.77MAED 1,774,080 · Nov 2019November 2019 | 150,000 /yr | |
| B503 | Studio | 482 sqft | AED 629KAED 629,000 · Jun 2023June 2023 | 62,000 /yr | |
| B504 | Studio | 526 sqft | AED 671KAED 670,700 · Jun 2023June 2023 | 50,000 /yr | |
| B505 | Studio | 460 sqft | AED 782KAED 782,000 · May 2025May 2025 | 39,000 /yr | |
| B506 | 1-bed | 815 sqft | AED 820KAED 820,000 · Mar 2021March 2021 | 82,000 /yr | |
| B507 | 1-bed | 817 sqft | AED 768KAED 768,000 · Jan 2020January 2020 | 70,000 /yr | |
| B508 | 1-bed | 794 sqft | AED 748KAED 748,000 · Nov 2019November 2019 | ||
| B509 | 1-bed | 818 sqft | AED 967KAED 967,000 · Mar 2020March 2020 | ||
| B510 | Studio | 476 sqft | AED 680KAED 680,000 · Nov 2019November 2019 | ||
| B511 | 1-bed | 860 sqft | AED 817KAED 817,000 · Jan 2020January 2020 | 82,000 /yr | |
| B512 | 1-bed | 946 sqft | AED 900KAED 900,000 · Apr 2020April 2020 | 86,000 /yr | |
| B513 | 2-bed | 1,421 sqft | AED 1.85MAED 1,850,000 · Aug 2024August 2024 |
B502, Loreto 1B in numbers
- Sold once: by DAMAC on 17 November 2019 for AED 762,000, or AED 956 per sqft.
- Rented since December 2019 on one Ejari contract, at AED 57,000 a year.
- At AED 57,000 a year the gross yield on the 2019 price is 7.5%, before a service charge of about AED 11,000 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 20 December 2019.
Questions about B502, Loreto 1B
What did unit B502 last sell for?
AED 762,000 on 17 November 2019, sold by the developer: AED 956 per sqft for 797 sqft. It is the only registered sale of the unit.
What is the rent for unit B502?
AED 57,000 a year on the contract signed on 20 December 2019.
How big is unit B502?
797 sqft (74.0 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit B502 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 B502, Loreto 1B
Starts from the last sale price (AED 762K, 17 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 762,000
- Deposit, UAE resident (20%)
- AED 152,400
- Deposit, non-resident (40%)
- AED 304,800
- Monthly over 25 years at 3.7%
- AED 3,118
Plus AED 37,014 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →