A302, Loreto 2A
Sold prices and rental history: sold once, by the developer in March 2023, 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 A302, Loreto 2A
What is A302 worth today?
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Source: Dubai Land Department. Updated 22 May 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 3,653 sqft
- Floor
- 3rd of 9
- Parking
- LP1-27 , LP1-34
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 38,800 /yr
- Last sold
- AED 3.63M · March 2023
- Building
- Loreto 2A
About A302, Loreto 2A
A302 is a three-bedroom apartment of 3,653 sqft on the 3rd floor of Loreto 2A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 8 March 2023 for AED 3,627,000, or AED 992 per sqft.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 22 May 2024, is AED 190,000 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 38,800 a year.
3-beds in Loreto 2A, and where A302 sits
All 3 3-beds →Over the last 12 months three-beds sold for AED 3,200,000, around AED 1,128 per sqft.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Mar 202422 March 2024 | 3,889 sqft | 3,300,000 | 848 | ||
| 7 Jun 20227 June 2022 | 3,310 sqft | 2,400,000 | 725 | ||
| 17 Nov 201917 November 2019 | 3,889 sqft | 2,038,140 | 524 | ||
| 17 Nov 201917 November 2019 | 3,310 sqft | 2,355,000 | 711 |
Loreto 2A
Building83 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 1,264
- Typical sale
- AED 2.19M
- Typical rent
- AED 70K /yr
- Typical yield
- 7.7%
Other units on the 3rd floor
All 83 units in Loreto 2A| ValueToday's value | |||||
|---|---|---|---|---|---|
| A301 | 2-bed | 1,917 sqft | AED 1.65MAED 1,652,000 · Aug 2022August 2022 | 92,000 /yr | |
| A303 | 1-bed | 1,314 sqft | AED 1.68MAED 1,684,350 · Jul 2015July 2015 | 104,719 /yr | |
| A304 | Studio | 581 sqft | AED 450KAED 450,000 · Mar 2023March 2023 | 60,000 /yr | |
| A305 | Studio | 592 sqft | AED 734KAED 734,000 · Jul 2018July 2018 | 45,000 /yr | |
| A306 | Studio | 580 sqft | AED 525KAED 525,000 · Sep 2023September 2023 | 55,000 /yr | |
| A307 | 1-bed | 867 sqft | AED 1.11MAED 1,111,500 · Sep 2014September 2014 | 85,000 /yr | |
| A308 | Studio | 596 sqft | AED 867KAED 867,350 · Aug 2014August 2014 | 40,000 /yr | |
| A309 | 1-bed | 982 sqft | AED 1.27MAED 1,266,350 · Sep 2014September 2014 | 85,000 /yr | |
| A310 | 2-bed | 1,477 sqft | AED 1.35MAED 1,352,000 · Apr 2022April 2022 | ||
| A311 | Studio | 430 sqft | AED 656KAED 655,500 · Aug 2014August 2014 | 42,000 /yr |
A302, Loreto 2A in numbers
- Sold once: by DAMAC on 8 March 2023 for AED 3,627,000, or AED 992 per sqft.
- Rented since April 2019 on 4 Ejari contracts. The rent fell from AED 120,650 to AED 105,000 in 2020 and recovered to AED 190,000 by May 2024.
- At AED 190,000 a year the gross yield on the 2023 price is 5.2%, before a service charge of about AED 38,800 a year (AED 10.63 per sqft).
- Three-beds in Loreto 2A sold for AED 3,200,000–3,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,264 per sqft.
Source: Dubai Land Department. Updated 22 May 2024.
Questions about A302, Loreto 2A
What did unit A302 last sell for?
AED 3,627,000 on 8 March 2023, sold by the developer: AED 992 per sqft for 3,653 sqft. It is the only registered sale of the unit.
What is the rent for unit A302?
AED 190,000 a year on the contract signed on 22 May 2024. The previous contract, from August 2021, was AED 110,250; the unit has been rented since April 2019.
How big is unit A302?
3,653 sqft (339.4 sqm): a three-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2017.
What is unit A302 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Loreto 2A sold for AED 3,200,000 to 3,200,000 in the last 12 months, around AED 1,128 per sqft.
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Mortgage on A302, Loreto 2A
Starts from the last sale price (AED 3.63M, 8 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,627,000
- Deposit, UAE resident (20%)
- AED 725,400
- Deposit, non-resident (40%)
- AED 1,450,800
- Monthly over 25 years at 3.7%
- AED 14,839
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →