B506, Loreto 1B
Sold prices and rental history: sold once, by the developer in March 2021, 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 B506, Loreto 1B
What is B506 worth today?
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Source: Dubai Land Department. Updated 1 July 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 815 sqft
- Floor
- 5th of 9
- Parking
- G-21
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 11,300 /yr
- Last sold
- AED 820K · March 2021
- Building
- Loreto 1B
About B506, Loreto 1B
B506 is a one-bedroom apartment of 815 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 March 2021 for AED 820,000, or AED 1,006 per sqft, 3% below the AED 1,038 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 1 July 2025, is AED 82,000 a year: a gross yield of 10.0% on the 2021 price, before the service charge of about AED 11,300 a year.
Sales and rents for B506 over time
B506 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 B506 sits
All 38 1-beds →B506 last sold in March 2021 at AED 1,006 per sqft, 3% below what one-beds in Loreto 1B were fetching at the time (AED 1,038). 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. B506's AED 82,000 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 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 | |
| B505 | Studio | 460 sqft | AED 782KAED 782,000 · May 2025May 2025 | 39,000 /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 |
B506, Loreto 1B in numbers
- Sold once: by DAMAC on 17 March 2021 for AED 820,000, or AED 1,006 per sqft.
- Rented since August 2021 on 5 Ejari contracts, from AED 48,000 to AED 82,000 a year.
- At AED 82,000 a year the gross yield on the 2021 price is 10.0%, 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 1 July 2025.
Questions about B506, Loreto 1B
What did unit B506 last sell for?
AED 820,000 on 17 March 2021, sold by the developer: AED 1,006 per sqft for 815 sqft. It is the only registered sale of the unit.
What is the rent for unit B506?
AED 82,000 a year on the contract signed on 1 July 2025. The previous contract, from September 2024, was AED 75,000; the unit has been rented since August 2021.
How big is unit B506?
815 sqft (75.7 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit B506 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 B506, Loreto 1B
Starts from the last sale price (AED 820K, 17 March 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 820,000
- Deposit, UAE resident (20%)
- AED 164,000
- Deposit, non-resident (40%)
- AED 328,000
- Monthly over 25 years at 3.7%
- AED 3,355
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →