A703, Loreto 2A
Sold prices and rental history: sold once, by the developer in August 2014, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for A703, Loreto 2A
What is A703 worth today?
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Source: Dubai Land Department. Updated 17 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 455 sqft
- Floor
- 7th of 9
- Parking
- UP1-18
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 4,800 /yr
- Last sold
- AED 660K · August 2014
- Building
- Loreto 2A
About A703, Loreto 2A
A703 is a studio of 455 sqft on the 7th floor of Loreto 2A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 17 August 2014 for AED 660,250, or AED 1,452 per sqft, in line with the AED 1,488 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 17 May 2025, is AED 41,000 a year: a gross yield of 6.2% on the 2014 price, before the service charge of about AED 4,800 a year.
Sales and rents for A703 over time
A703 has sold once; 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 A703 sits
All 24 studios →A703 last sold in August 2014 at AED 1,452 per sqft, in line with what studios in Loreto 2A were fetching at the time (AED 1,488). A703's AED 41,000 is at the bottom 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 7th floor
All 83 units in Loreto 2A| ValueToday's value | |||||
|---|---|---|---|---|---|
| A701 | Studio | 428 sqft | AED 600KAED 600,400 · Aug 2014August 2014 | 50,000 /yr | |
| A701A | 1-bed | 1,394 sqft | AED 1.45MAED 1,450,000 · Sep 2023September 2023 | 115,000 /yr | |
| A702 | 2-bed | 2,001 sqft | AED 2.1MAED 2,098,000 · Apr 2023April 2023 | ||
| A702A | Studio | 333 sqft | AED 460KAED 460,000 · Jul 2024July 2024 | 38,000 /yr | |
| A704 | 2-bed | 1,617 sqft | AED 1.73MAED 1,729,000 · Jun 2022June 2022 | 106,000 /yr | |
| A705 | 1-bed | 850 sqft | AED 1.09MAED 1,091,550 · Nov 2014November 2014 | 83,000 /yr | |
| A706 | 1-bed | 885 sqft | AED 1.02MAED 1,017,000 · Dec 2017December 2017 | 12,000 /yr | |
| A707 | 1-bed | 843 sqft | AED 730KAED 730,000 · Oct 2021October 2021 | 69,000 /yr | |
| A708 | 2-bed | 1,556 sqft | AED 2MAED 1,995,000 · Dec 2014December 2014 | ||
| A709 | 1-bed | 777 sqft | AED 1.1MAED 1,098,200 · Dec 2014December 2014 | 70,000 /yr |
A703, Loreto 2A in numbers
- Sold once: by DAMAC on 17 August 2014 for AED 660,250, or AED 1,452 per sqft.
- Rented since April 2023 on 3 Ejari contracts, from AED 34,500 to AED 41,000 a year.
- At AED 41,000 a year the gross yield on the 2014 price is 6.2%, before a service charge of about AED 4,800 a year (AED 10.63 per sqft).
Source: Dubai Land Department. Updated 17 May 2025.
Questions about A703, Loreto 2A
What did unit A703 last sell for?
AED 660,250 on 17 August 2014, sold by the developer: AED 1,452 per sqft for 455 sqft. It is the only registered sale of the unit.
What is the rent for unit A703?
AED 41,000 a year on the contract signed on 17 May 2025. The previous contract, from April 2024, was AED 38,000; the unit has been rented since April 2023.
How big is unit A703?
455 sqft (42.3 sqm): a studio on the 7th floor of a 9-storey tower completed in 2017.
What is unit A703 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 A703, Loreto 2A
Starts from the last sale price (AED 660K, 17 August 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 660,250
- Deposit, UAE resident (20%)
- AED 132,050
- Deposit, non-resident (40%)
- AED 264,100
- Monthly over 25 years at 3.7%
- AED 2,701
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →