Loreto
✓ Resale Available

Loreto

From AED 811,000·Completed Dec 2017·100% down payment Payment
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AED 811,000
Starting Price
Dec 2017
Handover
100% down payment
Payment Plan
Studio · 1 BR
Type

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.

Project Specifications
DeveloperDamac Properties
LocationDamac Hills
Unit TypesStudio, 1 BR, Apartments
AreaDamac Hills
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 34,995 / year
Cash-on-Cash
1.8%
Levered cashflow AED 8,232
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 52,715 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Loreto launch basis901AED 811,000Current launch / asking basis
Damac Hills ready-stock comps1,500AED 1.35MIndicative resale benchmark
Damac Hills premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

Loreto — View 2
Loreto — View 3
Loreto — View 4
Loreto — View 5
Loreto — View 6
Loreto official render 1

Loreto official render 1

Loreto official render 2

Loreto official render 2

Loreto official render 3

Loreto official render 3

Loreto official render 4

Loreto official render 4

Loreto official render 5

Loreto official render 5

Loreto official render 6

Loreto official render 6

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

100% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Bike path
Covered Parking
Crossfit zone
Dining outlets (coffee houses & restaurants)
Jogging tracks
Kids Play Area
Leisure areas
Lift
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Damac Hills

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Damac HillsDamac HillsDubai, UAE

Developer Track Record

01

Loreto by Damac Properties

02

Located in Damac Hills

03

Starting from AED 811,000

04

Unit mix includes Studio, 1 BR, Apartments

05

Expected handover: Dec 2017

06

Official brochure and PDF marketing materials available

07

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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