B306, Loreto 3B
Sold prices and rental history: sold once, by the developer in June 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B306, Loreto 3B
What is B306 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 3 April 2024.
Key facts
- Type
- Studio apartment
- Size
- 580 sqft
- Floor
- 3rd of 9
- Parking
- B-17
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 6,200 /yr
- Last sold
- AED 796K · June 2017
- Building
- Loreto 3B
About B306, Loreto 3B
B306 is a studio of 580 sqft on the 3rd floor of Loreto 3B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 13 June 2017 for AED 796,000, or AED 1,373 per sqft, in line with the AED 1,381 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 3 April 2024, is AED 33,495 a year: a gross yield of 4.2% on the 2017 price, before the service charge of about AED 6,200 a year.
Sales and rents for B306 over time
B306 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 3B, and where B306 sits
All 24 studios →B306 last sold in June 2017 at AED 1,373 per sqft, in line with what studios in Loreto 3B were fetching at the time (AED 1,381). Over the last 12 months studios sold for AED 640,000, around AED 1,073 per sqft, and rent for AED 40,000 to 55,000 a year. B306's AED 33,495 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 May 202527 May 2025 | 592 sqft | 800,000 | 1,350 | ||
| 17 Apr 202517 April 2025 | 333 sqft | 540,000 | 1,620 | ||
| 21 Nov 202421 November 2024 | 500 sqft | 560,000 | 1,119 | ||
| 29 Aug 202429 August 2024 | 430 sqft | 515,000 | 1,197 |
Loreto 3B
Building84 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 1,186
- Typical sale
- AED 1.32M
- Typical rent
- AED 71K /yr
- Typical yield
- 8.4%
Other units on the 3rd floor
All 84 units in Loreto 3B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B301 | 2-bed | 1,917 sqft | AED 1.65MAED 1,652,000 · Mar 2022March 2022 | ||
| B302 | 3-bed | 3,653 sqft | AED 3.57MAED 3,567,000 · Jul 2024July 2024 | 175,000 /yr | |
| B303 | 1-bed | 1,314 sqft | AED 1.22MAED 1,222,000 · Jul 2018July 2018 | 95,000 /yr | |
| B304 | Studio | 581 sqft | AED 420KAED 420,000 · May 2022May 2022 | 24,000 /yr | |
| B305 | Studio | 592 sqft | AED 800KAED 800,000 · May 2025May 2025 | ||
| B307 | 1-bed | 867 sqft | AED 1.01MAED 1,007,000 · May 2017May 2017 | 80,000 /yr | |
| B308 | 596 sqft | AED 640KAED 640,000 · Nov 2025November 2025 | 36,000 /yr | ||
| B309 | 1-bed | 982 sqft | AED 1.1MAED 1,100,000 · Apr 2025April 2025 | 77,000 /yr | |
| B310 | 2-bed | 1,477 sqft | AED 1.7MAED 1,698,000 · Aug 2018August 2018 | 85,000 /yr | |
| B311 | Studio | 430 sqft | AED 515KAED 515,000 · Aug 2024August 2024 | 24,000 /yr |
B306, Loreto 3B in numbers
- Sold once: by DAMAC on 13 June 2017 for AED 796,000, or AED 1,373 per sqft.
- Rented since November 2019 on 5 Ejari contracts. The rent fell from AED 33,000 to AED 24,000 in 2021 and recovered to AED 33,495 by April 2024.
- At AED 33,495 a year the gross yield on the 2017 price is 4.2%, before a service charge of about AED 6,200 a year (AED 10.63 per sqft).
- Studios in Loreto 3B sold for AED 640,000–640,000 in the 12 months to November 2026; the building's median across all types is AED 1,186 per sqft.
Source: Dubai Land Department. Updated 3 April 2024.
Questions about B306, Loreto 3B
What did unit B306 last sell for?
AED 796,000 on 13 June 2017, sold by the developer: AED 1,373 per sqft for 580 sqft. It is the only registered sale of the unit.
What is the rent for unit B306?
AED 33,495 a year on the contract renewed on 3 April 2024. The previous contract, from April 2023, was AED 31,900; the unit has been rented since November 2019.
How big is unit B306?
580 sqft (53.9 sqm): a studio on the 3rd floor of a 9-storey tower completed in 2017.
What is unit B306 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Loreto 3B sold for AED 640,000 to 640,000 in the last 12 months, around AED 1,073 per sqft.
Selling B306? 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.
Mortgage on B306, Loreto 3B
Starts from the last sale price (AED 796K, 13 June 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 796,000
- Deposit, UAE resident (20%)
- AED 159,200
- Deposit, non-resident (40%)
- AED 318,400
- Monthly over 25 years at 3.7%
- AED 3,257
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →