Loreto
Buying Property in Loreto by DAMAC
RAK Central
Listing by
Metropolitan Premium Properties
RAK Central
Listing by
Metropolitan Premium Properties
RAK Central
Listing by
Metropolitan Premium Properties
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About the project
Developed by DAMAC Properties, Loreto is located near Trump International Golf Course in Damac Hills. The project includes three residential complexes, Loreto 1, 2, and 3, and each complex consists of two 10-storey buildings with modern facades. The units are currently ready for occupancy.
Loreto offers studios, apartments, and townhouses for sale. Floor plans feature one and two bedrooms that range in size from 320 sq. ft. (30 sq. ft.) to 3,907 sq. ft. (363 sq. ft.). The townhouses feature floor plans with two and three bedrooms that range in size from 1,900 sq. ft. (176.5 sq. ft.) to 3,250 sq. ft. (302 sq. m.). All units have balconies and panoramic windows overlooking the park, sports fields, or landscaped areas.
Loreto offers a variety of upscale amenities, including:
- Swimming pool with recreation area
- Squash courts
- Tennis courts
- Parking
- Security staff and video surveillance
- Easy access to public transportation
- Nearby 18-hole golf course
- Shopping area with landscaped walking paths
- Catering facilities and supermarkets
Loreto’s studios and apartments are available for purchase at prices ranging from AED 375,000 (USD 102,000) to AED 3,000,000 (USD 817,000). Townhouses range in price from AED 1,900,000 (USD 517,300) to AED 2,600,000 (USD 708,000).
*The price is valid for 2021
Location
Damac Hills is a family-friendly neighbourhood in Dubailand. It is located away from the hustle and bustle of the city and features landscaped areas, man-made ponds, and modern infrastructure. One of the neighbourhood’s main attractions is the Trump International Golf Course, which is surrounded by villas, townhouses, and mid-rise residential buildings.
The complex’s six towers are close to Hessa Street, which has easy access to many of the city’s major highways, such as Emirates Road and Sheikh Mohammed Bin Zayed Road. The area features a community centre, park, sports field, and playground within a 3-minute walk of the complex. There are several kindergartens and the Jebel Ali School located within a 15-minute walk, and grocery stores, such as Spinneys and Geant Express Supermarket, are within a 10-minute walk.
Public transportation is available near the complex, such as Golf Vista A, which is located at Loreto 3 Tower A. By car, the community is situated near the following attractions and leisure facilities.
- Trump International Golf Club and Plantation Equestrian and Polo Club (15 min.)
- Dubai Miracle Garden (15 min.)
- Global Village Entertainment Complex and Cityland Mall (15 min.)
- Downtown Dubai and Dubai beaches (40 min.)
- Dubai International (DXB) Airport and Al Maktoum International Airport (35 min.)
Payback
Damac Hills is ideal for families, as well as people who prefer to settle down away from the fast pace of the city. Investors are attracted to the neighbourhood for its modern infrastructure and its abundance of green areas.
The average return on investment rate for this type of residential property in the area is approximately 5%.The annual rental cost for this complex ranges from AED 27,000 (USD 7,000) to AED 85,000 (USD 23,000).
*The price is valid for 2021
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Metropolitan Premium Properties
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+971 4 428 6151
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Internet City, Dubai, UAE
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