B512, Loreto 3B
Sold prices and rental history: sold once, by the developer in December 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 B512, Loreto 3B
What is B512 worth today?
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Source: Dubai Land Department. Updated 10 July 2024.
Key facts
- Type
- Studio apartment
- Size
- 430 sqft
- Floor
- 5th of 9
- Parking
- LP1-16
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 4,600 /yr
- Last sold
- AED 697K · December 2014
- Building
- Loreto 3B
About B512, Loreto 3B
B512 is a studio of 430 sqft on the 5th floor of Loreto 3B, a 9-storey tower in Damac Hills completed in 2017 by DAMAC. The developer sold it on 4 December 2014 for AED 697,300, or AED 1,619 per sqft, 8% above the AED 1,501 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 10 July 2024, is AED 33,750 a year: a gross yield of 4.8% on the 2014 price, before the service charge of about AED 4,600 a year.
Sales and rents for B512 over time
B512 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 B512 sits
All 24 studios →B512 last sold in December 2014 at AED 1,619 per sqft, 8% above what studios in Loreto 3B were fetching at the time (AED 1,501). B512's AED 33,750 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. 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 5th floor
All 84 units in Loreto 3B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B501 | 2-bed | 1,702 sqft | AED 2.11MAED 2,112,500 · Jan 2024January 2024 | 123,000 /yr | |
| B502 | 2-bed | 1,513 sqft | AED 2.25MAED 2,254,350 · Nov 2014November 2014 | 130,000 /yr | |
| B502A | Studio | 321 sqft | AED 563KAED 563,350 · Nov 2014November 2014 | 42,000 /yr | |
| B503 | 1-bed | 801 sqft | AED 1.02MAED 1,021,250 · Dec 2014December 2014 | 65,000 /yr | |
| B504 | Studio | 495 sqft | AED 728KAED 727,700 · Nov 2014November 2014 | 44,000 /yr | |
| B505 | Studio | 525 sqft | AED 788KAED 787,550 · Nov 2014November 2014 | 48,000 /yr | |
| B506 | Studio | 526 sqft | AED 726KAED 726,000 · Jun 2017June 2017 | 30,000 /yr | |
| B507 | 1-bed | 837 sqft | AED 1.07MAED 1,068,750 · Nov 2014November 2014 | 48,000 /yr | |
| B508 | 1-bed | 886 sqft | AED 840KAED 840,000 · Jul 2023July 2023 | 70,000 /yr | |
| B509 | 1-bed | 852 sqft | AED 840KAED 840,000 · Aug 2023August 2023 | 42,000 /yr | |
| B510 | 1-bed | 1,021 sqft | AED 1.3MAED 1,298,650 · Oct 2014October 2014 | ||
| B511 | 2-bed | 1,495 sqft | AED 1.8MAED 1,800,000 · Jun 2024June 2024 | 82,950 /yr |
B512, Loreto 3B in numbers
- Sold once: by DAMAC on 4 December 2014 for AED 697,300, or AED 1,619 per sqft.
- Rented since October 2019 on 5 Ejari contracts. The rent fell from AED 33,000 to AED 27,000 in 2022 and recovered to AED 33,750 by July 2024.
- At AED 33,750 a year the gross yield on the 2014 price is 4.8%, before a service charge of about AED 4,600 a year (AED 10.63 per sqft).
Source: Dubai Land Department. Updated 10 July 2024.
Questions about B512, Loreto 3B
What did unit B512 last sell for?
AED 697,300 on 4 December 2014, sold by the developer: AED 1,619 per sqft for 430 sqft. It is the only registered sale of the unit.
What is the rent for unit B512?
AED 33,750 a year on the contract renewed on 10 July 2024. The previous contract, from July 2023, was AED 35,000; the unit has been rented since October 2019.
How big is unit B512?
430 sqft (39.9 sqm): a studio on the 5th floor of a 9-storey tower completed in 2017.
What is unit B512 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 B512, Loreto 3B
Starts from the last sale price (AED 697K, 4 December 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 697,300
- Deposit, UAE resident (20%)
- AED 139,460
- Deposit, non-resident (40%)
- AED 278,920
- Monthly over 25 years at 3.7%
- AED 2,853
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →