Loreto
Project Overview
Loreto is a project of DAMAC Properties, located near Trump International Golf Course in the DAMAC Hills neighbourhood. The development consists of three residential buildings Loreto 1, 2 and 3, each comprising two 10-storey buildings. The Loreto residential properties are in the form of furnished studios and apartments with 1-2 bedrooms, as well as townhouses with 2-3 bedrooms. All properties have balconies or terraces and panoramic windows overlooking parklands, sports fields or the neighbourhood's landscaped streets. The apartments and townhouses feature premium interiors and high quality finishes. Every detail of the complex exudes elegance and sophistication. The complex offers residents a swimming pool with relaxation area, steam room, sauna, sauna, gym, squash courts, tennis courts, car parking, security and video surveillance. The strategic location of the Loreto residential complex provides residents with easy access to the golf club, football field, skate park, many lakes and much more. The infrastructure around the complex is well developed with a Carrefour supermarket, Medicina - Artesia pharmacy, Viva supermarket, Jebel Ali school, kindergartens and DAMAC Hills community centre. Emirates Road provides access to other points in the city. Burj Khalifa and Dubai Mall will take 27 minutes by car. The international airport is 31 minutes away, Al Maktoum Airport is 21 minutes away.
Illustrative Rental Scenario
Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.
Pricing and Area Research
Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.
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Gallery
Astraterra Properties
Official Documents
Download official marketing materials from Damac Properties.
Payment Structure
Published payment summary
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Amenities & Lifestyle
Location
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Developer and Project Facts
Loreto by Damac Properties
Located in Damac Hills
Starting from AED 811,000
Unit mix includes Studio, 1 BR, Apartments
Expected handover: Dec 2017
Official brochure and PDF marketing materials available
Official render/gallery images available
Available for Resale
Ready-to-move units · Direct from owner · Verified by Astraterra
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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