Skip to content

Ready building · DAMAC

Loreto 1 - B, Al Hebiah Third

Highlights

Loreto 1 - B at a glance

About Loreto 1 - B

Loreto 1 - B is a mixed-use building in Al Hebiah Third, Dubai, developed by DAMAC. It holds about 85 units: studios, 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments, commercial units.

The building was completed in 2017 and has been in use for about 9 years. 9 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,317 per sq ft.

Loreto 1 - B is one of 82 buildings in Al Hebiah Third: 68 are complete and 14 are still being built.

In a nutshell

  • A mixed-use ready building
  • Located in Al Hebiah Third, Dubai
  • Developed by DAMAC
  • Completed in Q3 2017
  • Unit types: Studio, 1 Bed, 2 Beds, 3 Beds, Commercial
  • Sizes from 140 to 3,910 sq ft
  • Service charge from AED 21.26 per sq ft
Status
Ready
Developer
DAMAC
Location
Al Hebiah Third, Dubai
Completed
Q3 2017
Unit types
Studio, 1 Bed, 2 Beds, 3 Beds, Commercial
Prices from
AED 512.0K
Median price per sq ft
AED 1,317
Median gross yield
6.1%
Service charge
AED 21.26 per sq ft (2018)
Nearest metro
Dubai Miracle Garden, 5.1 km

Building details

Inside Loreto 1 - B

Properties in Loreto 1 - B

Studios in Loreto 1 - B

There are about 22 of these in Loreto 1 - B, from 420 to 630 sq ft. They have recently sold for a median of AED 760.0K, or AED 1,640 per sq ft. Owners who resold made a median 35% over what they paid.

1-bedroom apartments in Loreto 1 - B

There are about 40 of these in Loreto 1 - B, from 790 to 1,290 sq ft. They have recently sold for a median of AED 1.2M, or AED 1,370 per sq ft. Owners who resold made a median 10% over what they paid.

2-bedroom apartments in Loreto 1 - B

There are about 13 of these in Loreto 1 - B, from 1,260 to 2,560 sq ft. They have recently sold for a median of AED 3.4M, or AED 1,310 per sq ft. Owners who resold made a median 80% over what they paid.

3-bedroom apartments in Loreto 1 - B

There are about 9 of these in Loreto 1 - B, from 1,620 to 3,910 sq ft. None has sold recently enough to quote a price.

Commercial units in Loreto 1 - B

There are about 1 of these in Loreto 1 - B, from 140 sq ft. None has sold recently enough to quote a price.

Unit types in Loreto 1 - B with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
Studio22420 sqft39 sqmt – 630 sqft58.5 sqmtAED 760KAED 44.5K
1 Bed40790 sqft73.4 sqmt – 1,290 sqft119.8 sqmtAED 1.2MAED 68K
2 Beds131,260 sqft117.1 sqmt – 2,560 sqft237.8 sqmtAED 3.4M–
3 Beds91,620 sqft150.5 sqmt – 3,910 sqft363.3 sqmtNo recent sales–
Commercial1140 sqft13 sqmtNo recent sales–

Recent transactions in Loreto 1 - B

  • Loreto 1 - B

    Damac Hills

    AED 1.1M

    AED 1,322 /sqftAED 14,230 /sqmt

    ReadyApartment
    832 sqft77.3 sqmt1 BedOwner6 Nov 2026

  • Loreto 1 - B

    Damac Hills

    AED 778.6K

    AED 1,636 /sqftAED 17,610 /sqmt

    ReadyApartment
    476 sqft44.2 sqmtStudioOwner14 Oct 2026

  • Loreto 1 - B

    Damac Hills

    AED 970K

    AED 1,186 /sqftAED 12,766 /sqmt

    ReadyApartment
    818 sqft76 sqmt1 BedOwner3 Jul 2026

  • Loreto 1 - B

    Damac Hills

    AED 1.3M

    AED 1,374 /sqftAED 14,790 /sqmt

    ReadyApartment
    946 sqft87.9 sqmt1 BedOwner11 Jun 2026

  • Loreto 1 - B

    Damac Hills

    AED 3.4M

    AED 1,311 /sqftAED 14,111 /sqmt

    ReadyApartment
    2,555 sqft237.4 sqmt2 BedsOwner15 May 2026

  • Loreto 1 - B

    Damac Hills

    AED 1M

    AED 1,271 /sqftAED 13,681 /sqmt

    ReadyApartment
    787 sqft73.1 sqmt1 BedOwner4 May 2026

  • Loreto 1 - B

    Damac Hills

    AED 1.2M

    AED 1,506 /sqftAED 16,210 /sqmt

    ReadyApartment
    797 sqft74 sqmt1 BedOwner5 Mar 2026

  • Loreto 1 - B

    Damac Hills

    AED 715K

    AED 1,184 /sqftAED 12,744 /sqmt

    ReadyApartment
    604 sqft56.1 sqmtStudioOwner27 Jan 2026

  • Loreto 1 - B

    Damac Hills

    AED 1.3M

    AED 1,583 /sqftAED 17,039 /sqmt

    ReadyApartment
    818 sqft76 sqmt1 BedOwner26 Nov 2025

  • Loreto 1 - B

    Damac Hills

    AED 760K

    AED 1,818 /sqftAED 19,569 /sqmt

    ReadyApartment
    418 sqft38.8 sqmtStudioOwner7 Nov 2025

  • Loreto 1 - B

    Damac Hills

    AED 1M

    AED 1,271 /sqftAED 13,681 /sqmt

    ReadyApartment
    787 sqft73.1 sqmt1 BedOwner5 Nov 2025

  • Loreto 1 - B

    Damac Hills

    AED 1.9M

    AED 1,461 /sqftAED 15,726 /sqmt

    ReadyApartment
    1,273 sqft118.3 sqmt2 BedsOwner16 Oct 2025

  • Loreto 1 - B

    Damac Hills

    AED 605K

    AED 1,271 /sqftAED 13,681 /sqmt

    ReadyApartment
    476 sqft44.2 sqmtStudioOwner30 May 2025

  • Loreto 1 - B

    Damac Hills

    AED 1.7M

    AED 1,307 /sqftAED 14,068 /sqmt

    ReadyApartment
    1,262 sqft117.2 sqmt2 BedsOwner26 May 2025

  • Loreto 1 - B

    Damac Hills

    AED 782K

    AED 1,700 /sqftAED 18,299 /sqmt

    ReadyApartment
    460 sqft42.7 sqmtStudioOwner20 May 2025

  • Loreto 1 - B

    Damac Hills

    AED 3.5M

    AED 1,074 /sqftAED 11,560 /sqmt

    ReadyApartment
    3,211 sqft298.3 sqmt3 BedsOwner16 May 2025

  • Loreto 1 - B

    Damac Hills

    AED 550K

    AED 1,198 /sqftAED 12,895 /sqmt

    ReadyApartment
    459 sqft42.6 sqmtStudioOwner3 May 2025

  • Loreto 1 - B

    Damac Hills

    AED 590K

    AED 1,411 /sqftAED 15,188 /sqmt

    ReadyApartment
    418 sqft38.8 sqmtStudioOwner2 May 2025

  • Loreto 1 - B

    Damac Hills

    AED 1.1M

    AED 1,432 /sqftAED 15,414 /sqmt

    ReadyApartment
    796 sqft74 sqmt1 BedOwner1 May 2025

  • Loreto 1 - B

    Damac Hills

    AED 2.5M

    AED 959 /sqftAED 10,323 /sqmt

    ReadyApartment
    2,555 sqft237.4 sqmt2 BedsOwner25 Feb 2025

  • Loreto 1 - B

    Damac Hills

    AED 45K/yr

    ApartmentNew contract
    604 sqft56.1 sqmtStudioto

  • Loreto 1 - B

    Damac Hills

    AED 45K/yr

    ApartmentRenewal
    461 sqft42.8 sqmtStudioto

  • Loreto 1 - B

    Damac Hills

    AED 44K/yr

    ApartmentNew contract
    418 sqft38.8 sqmtStudioto

  • Loreto 1 - B

    Damac Hills

    AED 68K/yr

    ApartmentNew contract
    816 sqft75.8 sqmt1 Bedto

  • Loreto 1 - B

    Damac Hills

    AED 42.9K/yr

    ApartmentRenewal
    460 sqft42.7 sqmtStudioto

Every sale in Loreto 1 - BEvery rent contract in Loreto 1 - B

Service charges in Loreto 1 - B

The 2018 service charge in Loreto 1 - B is AED 21.26 per sq ft for homes. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Service charges in Loreto 1 - B
Unit typeRate per sq ftSizeYearly charge
1 Bed Apartment (2018)AED 21.26790 sqft73.4 sqmt – 1,290 sqft119.8 sqmtAED 16,795 – AED 27,425
2 Beds Apartment (2018)AED 21.261,260 sqft117.1 sqmt – 2,560 sqft237.8 sqmtAED 26,788 – AED 54,426
3 Beds Apartment (2018)AED 21.261,620 sqft150.5 sqmt – 3,910 sqft363.3 sqmtAED 34,441 – AED 83,127
Studio Apartment (2018)AED 21.26420 sqft39 sqmt – 630 sqft58.5 sqmtAED 8,929 – AED 13,394

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around Loreto 1 - B

Transportation near Loreto 1 - B

Stations planned on new lines nearby include Dubai Miracle Garden (golden line, 5.1 km, about 12 min drive) and Hadaeq Mohammed Bin Rashid (golden line, 5.2 km, about 12 min drive).

  • Dubai Miracle GardenGolden line · 5.1 km · about 12 min drive
  • Hadaeq Mohammed Bin RashidGolden line · 5.2 km · about 12 min drive
  • Meydan Etihad Rail InterchangeGolden line · 6.5 km · about 15 min drive
  • Jumeirah Village CircleGolden line · 6.8 km · about 16 min drive
  • Dubai Production CityGolden line · 8 km · about 18 min drive
  • Global VillageGolden line · 8 km · about 18 min drive

Shopping and groceries near Loreto 1 - B

The closest is Uptown Motor City, 3.5 km from Loreto 1 - B (about 9 min drive).

  • Uptown Motor CityShopping Mall · 3.5 km · about 9 min drive
  • Arena MallShopping Mall · 4.8 km · about 12 min drive

Parks and leisure near Loreto 1 - B

The closest is Global Village, 7.9 km from Loreto 1 - B (about 18 min drive).

  • Global VillagePark · 7.9 km · about 18 min drive

Schools near Loreto 1 - B

The nearest is Lycée français international (Branch), 0.6 km away. Ratings are the KHDA's latest inspection grades.

  • Lycée français international (Branch)French · KHDA: Not inspected yet · 0.6 km
  • Dubai International Academy Town SquareInternational Baccalaureate · KHDA: Not inspected yet · 1.2 km
  • South View School L.L.CUK · KHDA: Good · 1.6 km
  • Ranches Primary SchoolUK · KHDA: Very good · 2.3 km
  • Horizon English School Town SquareUK · KHDA: Not inspected yet · 2.4 km
  • Fairgreen International School L.L.CInternational Baccalaureate · KHDA: Good · 2.6 km

Other buildings in Al Hebiah Third

Al Hebiah Third has 82 buildings. A few others to compare Loreto 1 - B with:

All 82 Al Hebiah Third buildings →

Things to consider about Loreto 1 - B

In its favour

  • Owners who resold have made money: a median gain of up to 80%.
  • A median gross yield of 6.1% on recent sales.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • Few sales each year, so a resale can take longer and prices move on a handful of deals.
  • Service charges of up to AED 21.26 per sq ft are on the higher side for Dubai.

Specialists

Brokers who know Loreto 1 - B

These brokers handle sales and lettings in Loreto 1 - B and can tell you what is available now.

FAQs

Loreto 1 - B: questions answered

Loreto 1 - B was developed by DAMAC in Al Hebiah Third.

Loreto 1 - B is completed in Q3 2017.

Across its 20 most recent registered sales, Loreto 1 - B sold for a median of AED 1,317 per sq ft and AED 1.1M per unit.

Recent yearly contracts in Loreto 1 - B have a median rent of AED 45.0K.

The median gross yield on recently sold units in Loreto 1 - B is 6.1%: the rent the unit earned over its purchase price, before costs.

The 2018 service charge for residential units in Loreto 1 - B is AED 21.26 per sq ft a year, as registered with the Dubai Land Department.

Loreto 1 - B has Studio (420 to 630 sq ft), 1 Bed (790 to 1,290 sq ft), 2 Beds (1,260 to 2,560 sq ft), 3 Beds (1,620 to 3,910 sq ft), Commercial (140 sq ft).

Dubai Miracle Garden is about 5.1 km from Loreto 1 - B.

The nearest schools include Lycée français international (Branch) (0.6 km), Dubai International Academy Town Square (1.2 km), South View School L.L.C (1.6 km).

Buying, selling or renting in Loreto 1 - B?

A broker who works Al Hebiah Third will tell you what is available and what comparable homes went for.

Get a free valuation
Message us on WhatsApp