B802, Loreto 1B
Sold prices and rental history: sold twice, last in August 2024, 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 B802, Loreto 1B
What is B802 worth today?
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Source: Dubai Land Department. Updated 6 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 812 sqft
- Floor
- 8th of 9
- Parking
- T2-UP1-14
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 11,200 /yr
- Last sold
- AED 1M · August 2024
- Building
- Loreto 1B
About B802, Loreto 1B
B802 is a one-bedroom apartment of 812 sqft on the 8th floor of Loreto 1B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 6 August 2024 for AED 1,000,000, or AED 1,230 per sqft.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 10 June 2024, is AED 70,000 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 11,200 a year.
Sales and rents for B802 over time
B802 has sold twice; 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 B802 sits
All 38 1-beds →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. B802's AED 70,000 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 8th floor
All 84 units in Loreto 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B801 | 3-bed | 1,787 sqft | AED 2.26MAED 2,260,000 · Oct 2024October 2024 | ||
| B803 | 418 sqft | AED 760KAED 760,000 · Nov 2025November 2025 | 40,000 /yr | ||
| B804 | Studio | 511 sqft | AED 726KAED 726,000 · Feb 2024February 2024 | ||
| B805 | 1-bed | 787 sqft | AED 745KAED 744,800 · Feb 2020February 2020 | 40,000 /yr | |
| B806 | 1-bed | 816 sqft | AED 1MAED 1,003,000 · Nov 2023November 2023 | 72,000 /yr | |
| B807 | 1-bed | 794 sqft | AED 842KAED 842,490 · Feb 2020February 2020 | 80,000 /yr | |
| B808 | 2-bed | 1,273 sqft | AED 1.3MAED 1,300,000 · Apr 2020April 2020 | 110,000 /yr | |
| B809 | 1-bed | 831 sqft | AED 795KAED 795,000 · Jun 2020June 2020 | 90,000 /yr | |
| B810 | 2-bed | 1,450 sqft | AED 1.29MAED 1,293,600 · Feb 2020February 2020 | 135,000 /yr |
B802, Loreto 1B in numbers
- Sold twice: first on 20 January 2020 for AED 773,220, last on 6 August 2024 for AED 1,000,000 (AED 1,230 per sqft).
- Rented since May 2021 on 5 Ejari contracts, from AED 45,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2024 price is 7.0%, before a service charge of about AED 11,200 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 6 August 2024.
Questions about B802, Loreto 1B
What did unit B802 last sell for?
AED 1,000,000 on 6 August 2024: AED 1,230 per sqft for 812 sqft. The unit has 2 registered sales; the first was AED 773,220 in January 2020.
What is the rent for unit B802?
AED 70,000 a year on the contract renewed on 10 June 2024. The previous contract, from June 2024, was AED 70,000; the unit has been rented since May 2021.
How big is unit B802?
812 sqft (75.4 sqm): a one-bedroom apartment on the 8th floor of a 9-storey tower completed in 2017.
What is unit B802 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 B802, Loreto 1B
Starts from the last sale price (AED 1M, 6 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →