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1,702 sqftLoreto 3A, Damac Hills · 5th floor · completed 2017

A501, Loreto 3A

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

Unit A501 · DLD and Ejari recordsUpdated 18 July 2022
Last soldAED 1.4M18 July 2022
Current rentAED 85K /yr15 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A501, Loreto 3A

What is A501 worth today?

Last sold for AED 1,400,000 in 2022

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18 Jul 2022SoldReady
AED 1,400,000AED 822 per sqft
15 Jun 2021RentedRenewal
AED 85,000/yr13 months · AED 50 per sqft
15 May 2020RentedRenewal
AED 85,000/yr13 months · AED 50 per sqft
5 Feb 2019Sold by developerReady
AED 1,686,000AED 990 per sqft

Source: Dubai Land Department. Updated 18 July 2022.

Key facts

Type
Apartment
Size
1,702 sqft
Floor
5th of 9
Parking
T5-LP1-26 , LP1-35
Developer
DAMAC
Completed
2017
Service charge
AED 18,100 /yr
Last sold
AED 1.4M · July 2022
Building
Loreto 3A

About A501, Loreto 3A

A501 is an apartment of 1,702 sqft on the 5th floor of Loreto 3A, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. It last sold on 18 July 2022 for AED 1,400,000, or AED 822 per sqft.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 15 June 2021, is AED 85,000 a year: a gross yield of 6.1% on the 2022 price, before the service charge of about AED 18,100 a year.

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 5th floor

All 82 units in Loreto 3A
Value
A5022-bedAED 1.8M · Aug 2024
A502AStudioAED 455K · Oct 2024
A5031-bedAED 950K · Feb 2024
A504StudioAED 535K · Aug 2023
A505StudioAED 570K · Mar 2024
A506StudioAED 773K · Jan 2015
A5071-bedAED 1.02M · Apr 2017
1–7 of 12

A501, Loreto 3A in numbers

  • Sold twice: first on 5 February 2019 for AED 1,686,000, last on 18 July 2022 for AED 1,400,000 (AED 822 per sqft).
  • Rented since May 2020 on 2 Ejari contracts, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2022 price is 6.1%, before a service charge of about AED 18,100 a year (AED 10.63 per sqft).

Source: Dubai Land Department. Updated 18 July 2022.

Questions about A501, Loreto 3A

What did unit A501 last sell for?

AED 1,400,000 on 18 July 2022: AED 822 per sqft for 1,702 sqft. The unit has 2 registered sales; the first was AED 1,686,000 in February 2019.

What is the rent for unit A501?

AED 85,000 a year on the contract renewed on 15 June 2021. The previous contract, from May 2020, was AED 85,000.

How big is unit A501?

1,702 sqft (158.1 sqm): an apartment on the 5th floor of a 9-storey tower completed in 2017.

What is unit A501 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 A501, Loreto 3A

Starts from the last sale price (AED 1.4M, 18 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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