1-bed · 443 sqftLoreto 2B, Damac Hills · 4th floor · completed 2017

B408, Loreto 2B

Sold prices and rental history: sold once, by the developer in November 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B408 · DLD and Ejari recordsUpdated 17 November 2014
Last soldAED 1.17M17 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B408, Loreto 2B

What is B408 worth today?

Last sold for AED 1,166,600 in 2014

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

17 Nov 2014Sold by developerOff-plan
AED 1,166,600AED 1,316 per sqft

Source: Dubai Land Department. Updated 17 November 2014.

Key facts

Type
1-bed apartment
Size
443 sqft
Floor
4th of 9
Parking
T4-G-15
Developer
DAMAC
Completed
2017
Service charge
AED 4,700 /yr
Last sold
AED 1.17M · November 2014
Building
Loreto 2B

About B408, Loreto 2B

B408 is a one-bedroom apartment of 443 sqft on the 4th floor of Loreto 2B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 17 November 2014 for AED 1,166,600, or AED 1,316 per sqft, in line with the AED 1,299 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for B408 over time

Sales
Unit B408, each saleTypical one-bed in Loreto 2B
750K1M1.25M20142017202020232026Typical sale price by year: 2014 AED 1,091,550; 2017 AED 1,014,620; 2018 AED 1,190,000; 2020 AED 730,000; 2022 AED 685,000; 2023 AED 1,050,000; 2025 AED 1,145,000Sold by developer, November 2014: AED 1,166,600 (AED 1,316 per sqft)

B408 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit B408, each contractTypical one-bed in Loreto 2B
60K80K2018202120242027Typical rent by year: 2018 AED 60,000; 2019 AED 57,500; 2020 AED 49,000; 2021 AED 47,500; 2022 AED 51,000; 2023 AED 54,880; 2024 AED 62,500; 2025 AED 75,000; 2026 AED 78,500

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Loreto 2B, and where B408 sits

All 31 1-beds →

B408 last sold in November 2014 at AED 1,316 per sqft, in line with what one-beds in Loreto 2B were fetching at the time (AED 1,299). Over the last 12 months one-beds sold for AED 1,050,000 to 1,150,000, around AED 1,332 per sqft, and rent for AED 72,000 to 95,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Jan 20261,150,000
23 Dec 20251,130,000
14 Jul 20251,160,000
10 Jun 20251,075,000
3 1-bed sales in the last 12 months

Loreto 2B

Building

83 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2017 by DAMAC. 4 sold in the last 12 months.

Typical price per sqft
AED 1,282
Typical sale
AED 1.09M
Typical rent
AED 75K /yr
Typical yield
7.3%
Loreto 2B, Damac Hills: prices, sales and rents →

Other units on the 4th floor

All 83 units in Loreto 2B
Value
B4012-bedAED 2.08M · Aug 2014
B4022-bedAED 2.1M · Nov 2023
B402AStudioAED 563K · Aug 2014
B4031-bedAED 710K · Jun 2022
B404StudioAED 728K · Aug 2014
B405StudioAED 788K · Dec 2014
B406StudioAED 630K · Aug 2024
1–7 of 12

B408, Loreto 2B in numbers

  • Sold once: by DAMAC on 17 November 2014 for AED 1,166,600, or AED 1,316 per sqft.
  • One-beds in Loreto 2B sold for AED 1,050,000–1,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,282 per sqft.

Source: Dubai Land Department. Updated 17 November 2014.

Questions about B408, Loreto 2B

What did unit B408 last sell for?

AED 1,166,600 on 17 November 2014, sold by the developer: AED 1,316 per sqft for 443 sqft. It is the only registered sale of the unit.

How big is unit B408?

443 sqft (41.2 sqm): a one-bedroom apartment on the 4th floor of a 9-storey tower completed in 2017.

What is unit B408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Loreto 2B sold for AED 1,050,000 to 1,150,000 in the last 12 months, around AED 1,332 per sqft.

Selling B408? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on B408, Loreto 2B

Starts from the last sale price (AED 1.17M, 17 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,166,600
Deposit, UAE resident (20%)
AED 233,320
Deposit, non-resident (40%)
AED 466,640
Monthly over 25 years at 3.7%
AED 4,773

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →