B602, Loreto 1B
Sold prices and rental history: sold once, by the developer in March 2020, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B602, Loreto 1B
What is B602 worth today?
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Source: Dubai Land Department. Updated 31 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 796 sqft
- Floor
- 6th of 9
- Parking
- LP1-14
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 11,000 /yr
- Last sold
- AED 765K · March 2020
- Building
- Loreto 1B
About B602, Loreto 1B
B602 is a one-bedroom apartment of 796 sqft on the 6th floor of Loreto 1B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 8 March 2020 for AED 765,000, or AED 961 per sqft, in line with the AED 959 one-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 31 May 2025, is AED 88,000 a year: a gross yield of 11.5% on the 2020 price, before the service charge of about AED 11,000 a year.
Sales and rents for B602 over time
B602 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 B602 sits
All 38 1-beds →B602 last sold in March 2020 at AED 961 per sqft, in line with what one-beds in Loreto 1B were fetching at the time (AED 959). 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. B602's AED 88,000 is in the upper 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 6th floor
All 84 units in Loreto 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B601 | 3-bed | 1,621 sqft | AED 1.8MAED 1,800,000 · Nov 2019November 2019 | 135,000 /yr | |
| B603 | Studio | 482 sqft | AED 578KAED 578,000 · Jun 2020June 2020 | 46,000 /yr | |
| B604 | Studio | 526 sqft | AED 630KAED 630,000 · Jan 2025January 2025 | 44,000 /yr | |
| B605 | Studio | 461 sqft | AED 652KAED 652,000 · Sep 2023September 2023 | 45,000 /yr | |
| B606 | 1-bed | 815 sqft | AED 970KAED 970,000 · Nov 2019November 2019 | 72,500 /yr | |
| B607 | 1-bed | 816 sqft | AED 928KAED 928,060 · Nov 2022November 2022 | 70,000 /yr | |
| B608 | 1-bed | 794 sqft | AED 935KAED 935,000 · Nov 2019November 2019 | 75,000 /yr | |
| B609 | 1-bed | 818 sqft | AED 783KAED 783,000 · Feb 2020February 2020 | 75,000 /yr | |
| B610 | Studio | 476 sqft | AED 605KAED 605,000 · May 2025May 2025 | 66,000 /yr | |
| B611 | 1-bed | 860 sqft | AED 822KAED 822,000 · Jan 2020January 2020 | 80,000 /yr | |
| B612 | 1-bed | 946 sqft | AED 1.12MAED 1,123,000 · Dec 2019December 2019 | 80,000 /yr | |
| B613 | 2-bed | 1,421 sqft | AED 1.37MAED 1,372,000 · Feb 2020February 2020 | 125,000 /yr |
B602, Loreto 1B in numbers
- Sold once: by DAMAC on 8 March 2020 for AED 765,000, or AED 961 per sqft.
- Rented since July 2024 on 2 Ejari contracts, from AED 85,000 to AED 88,000 a year.
- At AED 88,000 a year the gross yield on the 2020 price is 11.5%, 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 31 May 2025.
Questions about B602, Loreto 1B
What did unit B602 last sell for?
AED 765,000 on 8 March 2020, sold by the developer: AED 961 per sqft for 796 sqft. It is the only registered sale of the unit.
What is the rent for unit B602?
AED 88,000 a year on the contract signed on 31 May 2025. The previous contract, from July 2024, was AED 85,000.
How big is unit B602?
796 sqft (74.0 sqm): a one-bedroom apartment on the 6th floor of a 9-storey tower completed in 2017.
What is unit B602 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 B602, Loreto 1B
Starts from the last sale price (AED 765K, 8 March 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 765,000
- Deposit, UAE resident (20%)
- AED 153,000
- Deposit, non-resident (40%)
- AED 306,000
- Monthly over 25 years at 3.7%
- AED 3,130
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →