B706, Loreto 1B
Sold prices and rental history: sold once, by the developer in November 2019, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B706, Loreto 1B
What is B706 worth today?
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Source: Dubai Land Department. Updated 22 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 794 sqft
- Floor
- 7th of 9
- Parking
- UP1-11
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 11,000 /yr
- Last sold
- AED 756K · November 2019
- Building
- Loreto 1B
About B706, Loreto 1B
B706 is a one-bedroom apartment of 794 sqft on the 7th 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 756,000, or AED 951 per sqft, in line with the AED 956 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 22 February 2025, is AED 61,094 a year: a gross yield of 8.1% on the 2019 price, before the service charge of about AED 11,000 a year.
Sales and rents for B706 over time
B706 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 B706 sits
All 38 1-beds →B706 last sold in November 2019 at AED 951 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. B706's AED 61,094 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 7th floor
All 84 units in Loreto 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B701 | 3-bed | 1,872 sqft | AED 1.56MAED 1,562,000 · Oct 2021October 2021 | 170,000 /yr | |
| B702 | Studio | 459 sqft | AED 550KAED 550,000 · May 2025May 2025 | 47,000 /yr | |
| B703 | 2-bed | 1,362 sqft | AED 1.19MAED 1,189,720 · Feb 2020February 2020 | 115,000 /yr | |
| B704 | 1-bed | 787 sqft | AED 785KAED 785,000 · Nov 2022November 2022 | 103,000 /yr | |
| B705 | 1-bed | 816 sqft | AED 965KAED 965,000 · Mar 2020March 2020 | ||
| B707 | 1,273 sqft | AED 1.86MAED 1,859,520 · Oct 2025October 2025 | |||
| B708 | 1-bed | 832 sqft | AED 1.02MAED 1,020,000 · Sep 2024September 2024 | 78,000 /yr | |
| B709 | 2-bed | 2,149 sqft | AED 1.76MAED 1,760,000 · Mar 2021March 2021 | 90,000 /yr |
B706, Loreto 1B in numbers
- Sold once: by DAMAC on 17 November 2019 for AED 756,000, or AED 951 per sqft.
- Rented since October 2019 on 7 Ejari contracts. The rent fell from AED 52,000 to AED 43,000 in 2021 and recovered to AED 61,094 by February 2025.
- At AED 61,094 a year the gross yield on the 2019 price is 8.1%, 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 22 February 2025.
Questions about B706, Loreto 1B
What did unit B706 last sell for?
AED 756,000 on 17 November 2019, sold by the developer: AED 951 per sqft for 794 sqft. It is the only registered sale of the unit.
What is the rent for unit B706?
AED 61,094 a year on the contract renewed on 22 February 2025. The previous contract, from February 2024, was AED 55,540; the unit has been rented since October 2019.
How big is unit B706?
794 sqft (73.8 sqm): a one-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.
What is unit B706 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 B706, Loreto 1B
Starts from the last sale price (AED 756K, 17 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 756,000
- Deposit, UAE resident (20%)
- AED 151,200
- Deposit, non-resident (40%)
- AED 302,400
- Monthly over 25 years at 3.7%
- AED 3,093
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →