A306, Loreto 2A
Sold prices and rental history: sold 3 times, last in September 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for A306, Loreto 2A
What is A306 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 580 sqft
- Floor
- 3rd of 9
- Parking
- B-04
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 6,200 /yr
- Last sold
- AED 525K · September 2023
- Building
- Loreto 2A
About A306, Loreto 2A
A306 is a studio of 580 sqft on the 3rd floor of Loreto 2A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 9 September 2023 for AED 525,000, or AED 905 per sqft.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 1 September 2024, is AED 55,000 a year: a gross yield of 10.5% on the 2023 price, before the service charge of about AED 6,200 a year.
Sales and rents for A306 over time
A306 has sold 3 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Loreto 2A, and where A306 sits
All 24 studios →A306's AED 55,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Dec 20249 December 2024 | 330 sqft | 500,000 | 1,515 | ||
| 10 Oct 202410 October 2024 | 486 sqft | 595,000 | 1,223 | ||
| 9 Oct 20249 October 2024 | 321 sqft | 450,000 | 1,402 | ||
| 20 Aug 202420 August 2024 | 496 sqft | 570,000 | 1,148 |
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 | |
| A302 | 3-bed | 3,653 sqft | AED 3.63MAED 3,627,000 · Mar 2023March 2023 | 190,000 /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 | |
| 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 |
A306, Loreto 2A in numbers
- Sold 3 times: first on 26 March 2019 for AED 718,740, last on 9 September 2023 for AED 525,000 (AED 905 per sqft).
- Rented since November 2021 on 2 Ejari contracts, from AED 30,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2023 price is 10.5%, before a service charge of about AED 6,200 a year (AED 10.63 per sqft).
Source: Dubai Land Department. Updated 1 September 2024.
Questions about A306, Loreto 2A
What did unit A306 last sell for?
AED 525,000 on 9 September 2023: AED 905 per sqft for 580 sqft. The unit has 3 registered sales; the first was AED 718,740 in March 2019.
What is the rent for unit A306?
AED 55,000 a year on the contract signed on 1 September 2024. The previous contract, from November 2021, was AED 30,000.
How big is unit A306?
580 sqft (53.9 sqm): a studio on the 3rd floor of a 9-storey tower completed in 2017.
What is unit A306 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on A306, Loreto 2A
Starts from the last sale price (AED 525K, 9 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 525,000
- Deposit, UAE resident (20%)
- AED 105,000
- Deposit, non-resident (40%)
- AED 210,000
- Monthly over 25 years at 3.7%
- AED 2,148
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →