Overview

Property Description

In Dubai Hills Estate, Socio is a high-end residential complex built by Buset Investments Co. and OCTA Properties. It consists of 2 towers, with 333 one- and two-bedroom apartments. Starting sizes range from 476 square feet to 723 square feet, including private balconies. The ground floor of Socio will have several amenities for recreation, leisure, and work, including: The initial cost of housing in Socio is AED 941K (USD 256K) as of October 2023. A minimum of AED 200K (USD 54K) is also required as an EOI. *Prices are valid for 2023 The Socio complex is 99% complete as of Q3 2023. Property owners will be able to move in or rent out their properties by Q4 2023. The development is almost finished, but you can still use a convenient 20/80 payment plan. You must pay 10% upon booking and 10% during construction, and the final 80% is due upon completion. At the end of Q4 2023, the average gross yield for 1 bedroom residences in Dubai Hills Estate was 6.8%. The initial rental cost was 75K (USD 20K) per annum. In Q3 2023, the indicators were 6.4% and AED 68K (USD 18K). As you can see, both the ROI and the rates in Dubai Hills Estate are growing, which indicates the strong investment potential of housing in Socio. As long as you remain the owner of the property, you are eligible for a 2-year visa for your spouse and children.

Location