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Ready building · DAMAC

Loreto 3 - B, Al Hebiah Third

Highlights

Loreto 3 - B at a glance

About Loreto 3 - B

Loreto 3 - B is a mixed-use building in Al Hebiah Third, Dubai, developed by DAMAC. It holds about 87 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. 7 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,204 per sq ft.

Loreto 3 - 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 3,890 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 534.0K
Median price per sq ft
AED 1,204
Median gross yield
7.4%
Service charge
AED 21.26 per sq ft (2018)
Nearest metro
Dubai Miracle Garden, 4.9 km

Building details

Inside Loreto 3 - B

Properties in Loreto 3 - B

Studios in Loreto 3 - B

There are about 25 of these in Loreto 3 - B, from 320 to 600 sq ft. They have recently sold for a median of AED 623.0K, or AED 1,110 per sq ft.

1-bedroom apartments in Loreto 3 - B

There are about 36 of these in Loreto 3 - B, from 780 to 1,390 sq ft. They have recently sold for a median of AED 1.3M, or AED 1,220 per sq ft. Owners who resold made a median 46% over what they paid.

2-bedroom apartments in Loreto 3 - B

There are about 19 of these in Loreto 3 - B, from 1,460 to 2,550 sq ft. They have recently sold for a median of AED 2.2M, or AED 1,120 per sq ft. Owners who resold made a median 54% over what they paid.

3-bedroom apartments in Loreto 3 - B

There are about 4 of these in Loreto 3 - B, from 2,840 to 3,890 sq ft. None has sold recently enough to quote a price.

Commercial units in Loreto 3 - B

There are about 3 of these in Loreto 3 - B, from 140 to 220 sq ft. None has sold recently enough to quote a price.

Unit types in Loreto 3 - B with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
Studio25320 sqft29.7 sqmt – 600 sqft55.7 sqmtAED 623KAED 47K
1 Bed36780 sqft72.5 sqmt – 1,390 sqft129.1 sqmtAED 1.3M–
2 Beds191,460 sqft135.6 sqmt – 2,550 sqft236.9 sqmtAED 2.2M–
3 Beds42,840 sqft263.8 sqmt – 3,890 sqft361.4 sqmtNo recent sales–
Commercial3140 sqft13 sqmt – 220 sqft20.4 sqmtNo recent sales–

Recent transactions in Loreto 3 - B

  • Loreto 3 - B

    Damac Hills

    AED 1.3M

    AED 1,224 /sqftAED 13,175 /sqmt

    ReadyApartment
    1,021 sqft94.9 sqmt1 BedDeveloper28 Oct 2026

  • Loreto 3 - B

    Damac Hills

    AED 1.6M

    AED 1,083 /sqftAED 11,657 /sqmt

    ReadyApartment
    1,477 sqft137.2 sqmt2 BedsOwner27 Jul 2026

  • Loreto 3 - B

    Damac Hills

    AED 605K

    AED 1,142 /sqftAED 12,292 /sqmt

    ReadyApartment
    530 sqft49.2 sqmtStudioOwner15 Jul 2026

  • Loreto 3 - B

    Damac Hills

    AED 1M

    AED 1,217 /sqftAED 13,100 /sqmt

    ReadyApartment
    830 sqft77.1 sqmt1 BedOwner13 Feb 2026

  • Loreto 3 - B

    Damac Hills

    AED 1.6M

    AED 1,591 /sqftAED 17,125 /sqmt

    ReadyApartment
    1,021 sqft94.9 sqmt1 BedOwner24 Dec 2025

  • Loreto 3 - B

    Damac Hills

    AED 2.8M

    AED 1,157 /sqftAED 12,454 /sqmt

    ReadyApartment
    2,420 sqft224.8 sqmt2 BedsOwner11 Dec 2025

  • Loreto 3 - B

    Damac Hills

    AED 640K

    AED 1,074 /sqftAED 11,560 /sqmt

    ReadyApartment
    596 sqft55.4 sqmtStudioOwner11 Nov 2025

  • Loreto 3 - B

    Damac Hills

    AED 800K

    AED 1,351 /sqftAED 14,542 /sqmt

    ReadyApartment
    592 sqft55 sqmtStudioOwner27 May 2025

  • Loreto 3 - B

    Damac Hills

    AED 1.1M

    AED 1,324 /sqftAED 14,251 /sqmt

    ReadyApartment
    850 sqft79 sqmt1 BedOwner26 May 2025

  • Loreto 3 - B

    Damac Hills

    AED 990K

    AED 1,167 /sqftAED 12,561 /sqmt

    ReadyApartment
    848 sqft78.8 sqmt1 BedOwner1 May 2025

  • Loreto 3 - B

    Damac Hills

    AED 1.1M

    AED 1,120 /sqftAED 12,056 /sqmt

    ReadyApartment
    982 sqft91.2 sqmt1 BedOwner21 Apr 2025

  • Loreto 3 - B

    Damac Hills

    AED 540K

    AED 1,622 /sqftAED 17,459 /sqmt

    ReadyApartment
    333 sqft30.9 sqmtStudioOwner17 Apr 2025

  • Loreto 3 - B

    Damac Hills

    AED 940K

    AED 1,123 /sqftAED 12,088 /sqmt

    ReadyApartment
    837 sqft77.8 sqmt1 BedOwner14 Jan 2025

  • Loreto 3 - B

    Damac Hills

    AED 1.4M

    AED 1,004 /sqftAED 10,807 /sqmt

    ReadyApartment
    1,394 sqft129.5 sqmt1 BedOwner2 Jan 2025

  • Loreto 3 - B

    Damac Hills

    AED 1.3M

    AED 1,292 /sqftAED 13,907 /sqmt

    ReadyApartment
    975 sqft90.6 sqmt1 BedOwner17 Dec 2024

  • Loreto 3 - B

    Damac Hills

    AED 1.8M

    AED 1,209 /sqftAED 13,014 /sqmt

    ReadyApartment
    1,505 sqft139.8 sqmt2 BedsOwner25 Nov 2024

  • Loreto 3 - B

    Damac Hills

    AED 560K

    AED 1,120 /sqftAED 12,056 /sqmt

    ReadyApartment
    500 sqft46.5 sqmtStudioOwner21 Nov 2024

  • Loreto 3 - B

    Damac Hills

    AED 1.1M

    AED 1,235 /sqftAED 13,293 /sqmt

    ReadyApartment
    850 sqft79 sqmt1 BedOwner11 Nov 2024

  • Loreto 3 - B

    Damac Hills

    AED 2.1M

    AED 1,239 /sqftAED 13,336 /sqmt

    ReadyApartment
    1,695 sqft157.5 sqmt2 BedsOwner17 Sept 2024

  • Loreto 3 - B

    Damac Hills

    AED 515K

    AED 1,198 /sqftAED 12,895 /sqmt

    ReadyApartment
    430 sqft39.9 sqmtStudioOwner29 Aug 2024

  • Loreto 3 - B

    Damac Hills

    AED 47K/yr

    ApartmentNew contract
    455 sqft42.3 sqmtStudioto

  • Loreto 3 - B

    Damac Hills

    AED 43K/yr

    ApartmentNew contract
    455 sqft42.3 sqmtStudioto

  • Loreto 3 - B

    Damac Hills

    AED 50K/yr

    ApartmentRenewal
    830 sqft77.1 sqmt1 Bedto

  • Loreto 3 - B

    Damac Hills

    AED 55K/yr

    ApartmentNew contract
    596 sqft55.4 sqmtStudioto

Every sale in Loreto 3 - BEvery rent contract in Loreto 3 - B

Service charges in Loreto 3 - B

The 2018 service charge in Loreto 3 - 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 3 - B
Unit typeRate per sq ftSizeYearly charge
1 Bed Apartment (2018)AED 21.26780 sqft72.5 sqmt – 1,390 sqft129.1 sqmtAED 16,583 – AED 29,551
2 Beds Apartment (2018)AED 21.261,460 sqft135.6 sqmt – 2,550 sqft236.9 sqmtAED 31,040 – AED 54,213
3 Beds Apartment (2018)AED 21.262,840 sqft263.8 sqmt – 3,890 sqft361.4 sqmtAED 60,378 – AED 82,701
Studio Apartment (2018)AED 21.26320 sqft29.7 sqmt – 600 sqft55.7 sqmtAED 6,803 – AED 12,756

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

Nearby amenities

Around Loreto 3 - B

Transportation near Loreto 3 - B

Stations planned on new lines nearby include Dubai Miracle Garden (golden line, 4.9 km, about 12 min drive) and Hadaeq Mohammed Bin Rashid (golden line, 5 km, about 12 min drive).

  • Dubai Miracle GardenGolden line · 4.9 km · about 12 min drive
  • Hadaeq Mohammed Bin RashidGolden line · 5 km · about 12 min drive
  • Meydan Etihad Rail InterchangeGolden line · 6.3 km · about 15 min drive
  • Jumeirah Village CircleGolden line · 6.6 km · about 15 min drive
  • Dubai Production CityGolden line · 7.8 km · about 18 min drive
  • Global VillageGolden line · 7.9 km · about 18 min drive

Shopping and groceries near Loreto 3 - B

The closest is Uptown Motor City, 3.3 km from Loreto 3 - B (about 9 min drive).

  • Uptown Motor CityShopping Mall · 3.3 km · about 9 min drive
  • Arena MallShopping Mall · 4.6 km · about 11 min drive

Parks and leisure near Loreto 3 - B

The closest is Global Village, 7.8 km from Loreto 3 - B (about 18 min drive).

  • Global VillagePark · 7.8 km · about 18 min drive

Schools near Loreto 3 - B

The nearest is Lycée français international (Branch), 0.9 km away. Ratings are the KHDA's latest inspection grades.

  • Lycée français international (Branch)French · KHDA: Not inspected yet · 0.9 km
  • Dubai International Academy Town SquareInternational Baccalaureate · KHDA: Not inspected yet · 1.4 km
  • South View School L.L.CUK · KHDA: Good · 1.6 km
  • Ranches Primary SchoolUK · KHDA: Very good · 2.2 km
  • Horizon English School Town SquareUK · KHDA: Not inspected yet · 2.5 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 3 - B with:

All 82 Al Hebiah Third buildings →

Things to consider about Loreto 3 - B

In its favour

  • Owners who resold have made money: a median gain of up to 54%.
  • A median gross yield of 7.4% 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 3 - B

These brokers handle sales and lettings in Loreto 3 - B and can tell you what is available now.

FAQs

Loreto 3 - B: questions answered

Loreto 3 - B was developed by DAMAC in Al Hebiah Third.

Loreto 3 - B is completed in Q3 2017.

Across its 20 most recent registered sales, Loreto 3 - B sold for a median of AED 1,204 per sq ft and AED 1.1M per unit.

Recent yearly contracts in Loreto 3 - B have a median rent of AED 47.0K.

The median gross yield on recently sold units in Loreto 3 - B is 7.4%: the rent the unit earned over its purchase price, before costs.

The 2018 service charge for residential units in Loreto 3 - B is AED 21.26 per sq ft a year, as registered with the Dubai Land Department.

Loreto 3 - B has Studio (320 to 600 sq ft), 1 Bed (780 to 1,390 sq ft), 2 Beds (1,460 to 2,550 sq ft), 3 Beds (2,840 to 3,890 sq ft), Commercial (140 to 220 sq ft).

Dubai Miracle Garden is about 4.9 km from Loreto 3 - B.

The nearest schools include Lycée français international (Branch) (0.9 km), Dubai International Academy Town Square (1.4 km), South View School L.L.C (1.6 km).

Buying, selling or renting in Loreto 3 - B?

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

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