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Loreto 1A, DAMAC Hills, Dubai

Loreto 1A, DAMAC Hills, Dubai

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DAMAC Hills, Dubai

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Strengths

Modern architecture

Amenities and facilities

Community environment

Weakens

Traffic congestion

Property prices

Limited public transport

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Buildign Overview

Summary

  • Loreto 1A is a premium residential building located within DAMAC Hills, a premier community designed for modern, luxurious living.
  • The building boasts proximity to vital facilities such as shopping centers, recreational areas, and schools.
  • Well-connected to public transport, it facilitates easy commuting within Dubai, making it ideal for residents seeking convenience.
  • Compared to nearby properties, Loreto 1A offers distinctive modern architecture and enhanced amenities that elevate the living experience.

Properties Overview

  • Loreto 1A features a range of available properties, including both lavish apartments and cozy studios.
  • For potential renters, monthly rental prices typically range from AED 3,500 to AED 8,000, depending on the unit size and specifications.
  • For buyers, properties in the building are often listed at competitive prices, catering to varying budgets and preferences.

Market Trends

  • The Dubai real estate market has seen a steady increase in rental rates, with Loreto 1A reflecting a 5-7% annual growth in rental price.
  • Sales prices in the past year have remained stable, with many units experiencing an uptick in demand due to their desirable location and amenities.
  • Investors can expect a favorable return on investment (ROI) averaging between 7-9%, attracting both local and foreign buyers.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have easy access to a variety of supermarkets, healthcare facilities, and schools within close proximity, ensuring convenience for families.

Transportation and Accessibility

  • Public transport links are readily available, complemented by sufficient parking spaces for residents and visitors, enhancing accessibility to key areas of Dubai.

Lifestyle Amenities

  • The community is enriched with fitness facilities, dining options, and recreational parks, perfect for an active and social lifestyle.
  • Outdoor activities and lush green spaces offer a serene environment amid urban living.

Builing Facilities

  • Loreto 1A is equipped with modern elevators, 24/7 security services, central air conditioning, and expert maintenance services for residents’ peace of mind.

Special Services

  • The building also offers concierge services, making everyday living more convenient and enjoyable, along with business center facilities for professional needs.

Planning Your Move or Investment

Floor Plans and Property Types

  • Loreto 1A offers diverse floor plans ranging from one-bedroom to three-bedroom apartments, catering to different lifestyles and family sizes.

Things to Consider

  • Prospective tenants and buyers should evaluate their space requirements, budget constraints, and lifestyle preferences before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Loreto 1A hosts regular community gatherings and events, fostering a spirited sense of community among residents.

Community Identity

  • The building reflects modern aesthetics combined with a vibrant community vibe, making it a sought-after residence in DAMAC Hills.

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Detailed Buiding Insights

1. Family Friendliness

Loreto 1A is designed with families in mind, featuring spacious apartments and a family-centric community atmosphere, with numerous parks and recreational areas for children.

Exceptionally Welcoming

2. Living Options

The community offers a variety of living options including 1, 2, and 3-bedroom apartments that cater to different family sizes and lifestyles, making it suitable for a wide demographic.

Broadly Diverse

3. Safety And Security

The community is gated with 24/7 security and surveillance, providing residents with a safe living environment, which is a significant factor for families and individuals alike.

Remarkably Secure

4. Transportation

While public transport options are somewhat limited, the proximity to major highways and roads allows for easy access to different parts of Dubai, which adds to overall convenience.

Moderately Convenient

5. Amenities And Facilities

The community is equipped with high-quality amenities such as swimming pools, gyms, sports courts, and community gardens, enhancing the living experience for residents.

Richly Equipped

6. Cost Of Living

The cost of living is competitive compared to other upscale neighborhoods in Dubai, offering a balance between luxury and affordability, particularly for the quality of housing and amenities provided.

Relatively Balanced

7. Things To Do

There are plenty of recreational activities available, including outdoor sports, shopping centers, and dining options within and nearby DAMAC Hills, ensuring residents have various options for leisure.

Vibrantly Diverse

8. Noise Levels

The location of Loreto 1A within the community is away from high-traffic areas, resulting in a tranquil environment that is conducive for both relaxation and family living.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly with sufficient green spaces and parks, making it an ideal environment for pet owners who wish to enjoy outdoor activities with their animals.

Warmly Accommodating

Price Insights

Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
apartment (0Beds)
Rent
36.3K AED
apartment (1Beds)
Rent
61.3K AED
apartment (2Beds)
Rent
93.7K AED
apartment (3Beds)
Rent
155.2K AED
apartment (0Beds)
Sale
562.5K AED
apartment (3Beds)
Sale
2.1M AED
apartment (1Beds)
Sale
927.5K AED

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Key Information

Buy: 435K AED - 2.1M AED

Rent: 14.4K AED - 250K AED

Developer: DAMAC Properties

Building Type: Residential

Length: 54

Unit Types :  Studios, 1-bed, 2-bed and 3-bed

Floors: 7

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

Near by Buildings

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