B505, Loreto 1B
Sold prices and rental history: sold twice, last in May 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B505, Loreto 1B
What is B505 worth today?
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Source: Dubai Land Department. Updated 20 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 460 sqft
- Floor
- 5th of 9
- Parking
- T2-G-20
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 6,400 /yr
- Last sold
- AED 782K · May 2025
- Building
- Loreto 1B
About B505, Loreto 1B
B505 is a studio of 460 sqft on the 5th floor of Loreto 1B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 20 May 2025 for AED 782,000, or AED 1,700 per sqft, 42% above the AED 1,199 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 7 October 2024, is AED 39,000 a year: a gross yield of 5.0% on the 2025 price, before the service charge of about AED 6,400 a year.
Sales and rents for B505 over time
B505 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Loreto 1B, and where B505 sits
All 21 studios →B505 last sold in May 2025 at AED 1,700 per sqft, 42% above what studios in Loreto 1B were fetching at the time (AED 1,199). Over the last 12 months studios sold for AED 715,000, around AED 1,183 per sqft, and rent for AED 46,000 to 48,000 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jan 202627 January 2026 | 604 sqft | 715,000 | 1,183 | ||
| 30 May 202530 May 2025 | 476 sqft | 605,000 | 1,270 | ||
| 3 May 20253 May 2025 | 459 sqft | 550,000 | 1,199 | ||
| 2 May 20252 May 2025 | 418 sqft | 590,000 | 1,410 |
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 | |
| B502 | 1-bed | 797 sqft | AED 762KAED 762,000 · Nov 2019November 2019 | 57,000 /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 | |
| 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 |
B505, Loreto 1B in numbers
- Sold twice: first on 17 November 2019 for AED 658,000, last on 20 May 2025 for AED 782,000 (AED 1,700 per sqft).
- Rented since October 2021 on 4 Ejari contracts, from AED 28,000 to AED 39,000 a year.
- At AED 39,000 a year the gross yield on the 2025 price is 5.0%, before a service charge of about AED 6,400 a year (AED 13.82 per sqft).
- Studios in Loreto 1B sold for AED 715,000–715,000 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 May 2025.
Questions about B505, Loreto 1B
What did unit B505 last sell for?
AED 782,000 on 20 May 2025: AED 1,700 per sqft for 460 sqft. The unit has 2 registered sales; the first was AED 658,000 in November 2019.
What is the rent for unit B505?
AED 39,000 a year on the contract renewed on 7 October 2024. The previous contract, from October 2023, was AED 33,880; the unit has been rented since October 2021.
How big is unit B505?
460 sqft (42.7 sqm): a studio on the 5th floor of a 9-storey tower completed in 2017.
What is unit B505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Loreto 1B sold for AED 715,000 to 715,000 in the last 12 months, around AED 1,183 per sqft.
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Mortgage on B505, Loreto 1B
Starts from the last sale price (AED 782K, 20 May 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 782,000
- Deposit, UAE resident (20%)
- AED 156,400
- Deposit, non-resident (40%)
- AED 312,800
- Monthly over 25 years at 3.7%
- AED 3,199
Plus AED 37,854 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →