B408, Loreto 3B
Sold prices and rental history: sold once, by the developer in September 2014, 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 B408, Loreto 3B
What is B408 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 4th of 9
- Parking
- G-16
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 9,400 /yr
- Last sold
- AED 1.17M · September 2014
- Building
- Loreto 3B
About B408, Loreto 3B
B408 is a one-bedroom apartment of 886 sqft on the 4th floor of Loreto 3B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 23 September 2014 for AED 1,166,600, or AED 1,316 per sqft, in line with the AED 1,316 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 63,000 a year: a gross yield of 5.4% on the 2014 price, before the service charge of about AED 9,400 a year.
Sales and rents for B408 over time
B408 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Loreto 3B, and where B408 sits
All 36 1-beds →B408 last sold in September 2014 at AED 1,316 per sqft, in line with what one-beds in Loreto 3B were fetching at the time (AED 1,316). Over the last 12 months one-beds sold for AED 1,010,000 to 1,624,000, around AED 1,403 per sqft, and rent for AED 70,000 to 108,000 a year. B408's AED 63,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Feb 202613 February 2026 | 830 sqft | 1,010,000 | 1,216 | ||
| 24 Dec 202524 December 2025 | 1,021 sqft | 1,624,000 | 1,590 | ||
| 26 May 202526 May 2025 | 850 sqft | 1,125,000 | 1,323 | ||
| 1 May 20251 May 2025 | 848 sqft | 990,000 | 1,167 |
Loreto 3B
Building84 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2017 by DAMAC. 3 sold in the last 12 months.
- Typical price per sqft
- AED 1,216
- Typical sale
- AED 1.62M
- Typical rent
- AED 71K /yr
- Typical yield
- 8.2%
Other units on the 4th floor
All 84 units in Loreto 3B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B401 | 2-bed | 1,457 sqft | AED 1.35MAED 1,346,000 · Apr 2022April 2022 | ||
| B402 | 2-bed | 1,625 sqft | AED 1.51MAED 1,509,000 · Jul 2021July 2021 | 98,000 /yr | |
| B402A | Studio | 321 sqft | AED 563KAED 563,350 · Aug 2014August 2014 | 43,000 /yr | |
| B403 | 1-bed | 808 sqft | AED 1.05MAED 1,050,000 · Jan 2015January 2015 | 70,000 /yr | |
| B404 | Studio | 490 sqft | AED 728KAED 727,700 · Nov 2014November 2014 | 45,000 /yr | |
| B405 | Studio | 265 sqft | AED 788KAED 787,550 · Nov 2014November 2014 | 37,595 /yr | |
| B406 | Studio | 522 sqft | AED 722KAED 722,000 · Apr 2017April 2017 | 52,000 /yr | |
| B407 | 1-bed | 841 sqft | AED 1.07MAED 1,068,750 · Sep 2014September 2014 | 76,000 /yr | |
| B409 | 1-bed | 852 sqft | AED 1.12MAED 1,123,850 · Aug 2014August 2014 | 80,000 /yr | |
| B410 | 1-bed | 1,021 sqft | AED 1.62MAED 1,624,000 · Dec 2025December 2025 | ||
| B411 | 2-bed | 1,456 sqft | AED 1.71MAED 1,710,000 · Apr 2017April 2017 | 130,000 /yr | |
| B412 | Studio | 454 sqft | AED 708KAED 707,750 · Sep 2014September 2014 | 55,000 /yr |
B408, Loreto 3B in numbers
- Sold once: by DAMAC on 23 September 2014 for AED 1,166,600, or AED 1,316 per sqft.
- Rented since October 2019 on 5 Ejari contracts. The rent fell from AED 62,000 to AED 52,000 in 2022 and recovered to AED 63,000 by October 2024.
- At AED 63,000 a year the gross yield on the 2014 price is 5.4%, before a service charge of about AED 9,400 a year (AED 10.63 per sqft).
- One-beds in Loreto 3B sold for AED 1,010,000–1,624,000 in the 12 months to November 2026; the building's median across all types is AED 1,216 per sqft.
Source: Dubai Land Department. Updated 1 October 2024.
Questions about B408, Loreto 3B
What did unit B408 last sell for?
AED 1,166,600 on 23 September 2014, sold by the developer: AED 1,316 per sqft for 886 sqft. It is the only registered sale of the unit.
What is the rent for unit B408?
AED 63,000 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 56,000; the unit has been rented since October 2019.
How big is unit B408?
886 sqft (82.3 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 3B sold for AED 1,010,000 to 1,624,000 in the last 12 months, around AED 1,403 per sqft.
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Mortgage on B408, Loreto 3B
Starts from the last sale price (AED 1.17M, 23 September 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 →