Loule Loule is a city located in the central part of Faro District, Portugal. This small town was founded in 1266. The weekly fairs held there attract tourists from all over the Algarve. In 2004 the population of the city was 62 people. IKEA Loule 0.0 /5 rating (0 votes) Avenida Algarve No. 5 8135-182 Almancil Details