B703, Loreto 3B
Sold prices and rental history: sold once, by the developer in September 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B703, Loreto 3B
What is B703 worth today?
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Source: Dubai Land Department. Updated 25 January 2025.
Key facts
- Type
- Studio apartment
- Size
- 455 sqft
- Floor
- 7th of 9
- Parking
- UP1-14
- Developer
- DAMAC
- Completed
- 2017
- Service charge
- AED 4,800 /yr
- Last sold
- AED 660K · September 2014
- Building
- Loreto 3B
About B703, Loreto 3B
B703 is a studio of 455 sqft on the 7th 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 660,250, or AED 1,452 per sqft, 5% below the AED 1,534 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 25 January 2025, is AED 40,000 a year: a gross yield of 6.1% on the 2014 price, before the service charge of about AED 4,800 a year.
Sales and rents for B703 over time
B703 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 B703 sits
All 24 studios →B703 last sold in September 2014 at AED 1,452 per sqft, 5% below what studios in Loreto 3B were fetching at the time (AED 1,534). B703's AED 40,000 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 7th floor
All 84 units in Loreto 3B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B701 | Studio | 428 sqft | AED 265KAED 265,000 · May 2019May 2019 | 30,800 /yr | |
| B701A | 1-bed | 1,394 sqft | AED 1.4MAED 1,400,000 · Jan 2025January 2025 | 108,000 /yr | |
| B702 | 2-bed | 2,001 sqft | AED 1.33MAED 1,325,000 · Dec 2020December 2020 | ||
| B702A | Studio | 333 sqft | AED 540KAED 540,000 · Apr 2025April 2025 | 24,000 /yr | |
| B704 | 2-bed | 1,617 sqft | AED 1.41MAED 1,410,240 · Aug 2022August 2022 | ||
| B705 | 1-bed | 850 sqft | AED 1.13MAED 1,125,000 · May 2025May 2025 | 90,000 /yr | |
| B706 | 1-bed | 885 sqft | AED 620KAED 620,000 · Apr 2021April 2021 | 78,000 /yr | |
| B707 | 1-bed | 843 sqft | AED 933KAED 933,000 · Jan 2017January 2017 | 68,000 /yr | |
| B708 | 2-bed | 1,556 sqft | AED 1.32MAED 1,319,878 · Aug 2021August 2021 | 150,000 /yr | |
| B709 | 1-bed | 777 sqft | AED 1.1MAED 1,098,200 · Dec 2014December 2014 | 75,000 /yr |
B703, Loreto 3B in numbers
- Sold once: by DAMAC on 23 September 2014 for AED 660,250, or AED 1,452 per sqft.
- Rented since September 2018 on 4 Ejari contracts. The rent fell from AED 36,000 to AED 32,000 in 2023 and recovered to AED 40,000 by January 2025.
- At AED 40,000 a year the gross yield on the 2014 price is 6.1%, before a service charge of about AED 4,800 a year (AED 10.63 per sqft).
Source: Dubai Land Department. Updated 25 January 2025.
Questions about B703, Loreto 3B
What did unit B703 last sell for?
AED 660,250 on 23 September 2014, sold by the developer: AED 1,452 per sqft for 455 sqft. It is the only registered sale of the unit.
What is the rent for unit B703?
AED 40,000 a year on the contract renewed on 25 January 2025. The previous contract, from January 2024, was AED 35,000; the unit has been rented since September 2018.
How big is unit B703?
455 sqft (42.3 sqm): a studio on the 7th floor of a 9-storey tower completed in 2017.
What is unit B703 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 B703, Loreto 3B
Starts from the last sale price (AED 660K, 23 September 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 660,250
- Deposit, UAE resident (20%)
- AED 132,050
- Deposit, non-resident (40%)
- AED 264,100
- Monthly over 25 years at 3.7%
- AED 2,701
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →