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Studio · 430 sqftLoreto 3A, Damac Hills · 3rd floor · completed 2017

A311, Loreto 3A

Sold prices and rental history: sold twice, last in April 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A311 · DLD and Ejari recordsUpdated 24 June 2024
Last soldAED 400K26 April 2022
Current rentAED 60K /yr24 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A311, Loreto 3A

What is A311 worth today?

Last sold for AED 400,000 in 2022

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24 Jun 2024RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
21 Jun 2023RentedNew contract
AED 50,000/yr12 months · AED 116 per sqft
26 Apr 2022SoldReady
AED 400,000AED 929 per sqft
2 Sep 2020RentedNew contract
AED 28,000/yr12 months · AED 65 per sqft
24 Aug 2014Sold by developerOff-plan
AED 655,500AED 1,523 per sqft

Source: Dubai Land Department. Updated 24 June 2024.

Key facts

Type
Studio apartment
Size
430 sqft
Floor
3rd of 9
Parking
B-09
Developer
DAMAC
Completed
2017
Service charge
AED 4,600 /yr
Last sold
AED 400K · April 2022
Building
Loreto 3A

About A311, Loreto 3A

A311 is a studio of 430 sqft on the 3rd floor of Loreto 3A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 26 April 2022 for AED 400,000, or AED 929 per sqft, in line with the AED 909 studios in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 24 June 2024, is AED 60,000 a year: a gross yield of 15.0% on the 2022 price, before the service charge of about AED 4,600 a year.

Sales and rents for A311 over time

Sales
Unit A311, each saleTypical studio in Loreto 3A
400K600K800K2014201720202023Typical sale price by year: 2014 AED 660,250; 2015 AED 773,300; 2023 AED 535,000; 2024 AED 507,500Sold by developer, August 2014: AED 655,500 (AED 1,523 per sqft)Sold, April 2022: AED 400,000 (AED 929 per sqft)

A311 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit A311, each contractTypical studio in Loreto 3A
40K60K20182020202220242026Typical rent by year: 2018 AED 39,000; 2019 AED 35,000; 2020 AED 30,000; 2021 AED 30,400; 2022 AED 30,000; 2023 AED 35,700; 2024 AED 38,000; 2025 AED 40,000New contract, September 2020: AED 28,000 a yearNew contract, June 2023: AED 50,000 a yearNew contract, June 2024: AED 60,000 a year

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

Studios in Loreto 3A, and where A311 sits

All 23 studios →

A311 last sold in April 2022 at AED 929 per sqft, in line with what studios in Loreto 3A were fetching at the time (AED 909). Over the last 12 months studios sold for AED 545,000, around AED 1,697 per sqft, and rent for AED 78,000 to 78,000 a year.

Recent studio salesUnit no.Price (AED)Summary
28 Jan 2026545,000
22 Apr 2025590,000
21 Oct 2024455,000
8 May 2024300,000
1 studio sale in the last 12 months

Loreto 3A

Building

82 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2017 by DAMAC. 5 sold in the last 12 months.

Typical price per sqft
AED 1,500
Typical sale
AED 1.33M
Typical rent
AED 79K /yr
Typical yield
6.3%
Loreto 3A, Damac Hills: prices, sales and rents →

Other units on the 3rd floor

All 82 units in Loreto 3A
Value
A3012-bedAED 1.65M · Apr 2022
A3023-bedAED 3.12M · May 2024
A3031-bedAED 1.28M · Oct 2023
A304StudioAED 616K · Jul 2023
A306StudioAED 460K · Oct 2018
A307AED 1.08M · Aug 2025
A308StudioAED 867K · Sep 2014
1–7 of 9

A311, Loreto 3A in numbers

  • Sold twice: first on 24 August 2014 for AED 655,500, last on 26 April 2022 for AED 400,000 (AED 929 per sqft).
  • Rented since September 2020 on 3 Ejari contracts, from AED 28,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2022 price is 15.0%, before a service charge of about AED 4,600 a year (AED 10.63 per sqft).
  • Studios in Loreto 3A sold for AED 545,000–545,000 in the 12 months to November 2026; the building's median across all types is AED 1,500 per sqft.

Source: Dubai Land Department. Updated 24 June 2024.

Questions about A311, Loreto 3A

What did unit A311 last sell for?

AED 400,000 on 26 April 2022: AED 929 per sqft for 430 sqft. The unit has 2 registered sales; the first was AED 655,500 in August 2014.

What is the rent for unit A311?

AED 60,000 a year on the contract signed on 24 June 2024. The previous contract, from June 2023, was AED 50,000; the unit has been rented since September 2020.

How big is unit A311?

430 sqft (39.9 sqm): a studio on the 3rd floor of a 9-storey tower completed in 2017.

What is unit A311 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Loreto 3A sold for AED 545,000 to 545,000 in the last 12 months, around AED 1,697 per sqft.

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Mortgage on A311, Loreto 3A

Starts from the last sale price (AED 400K, 26 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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