Bloom Properties owns and operates Soho Square, a residential development in Abu Dhabi that consists of 304 units, including studios, 1-3 bedroom apartments, 3-4 bedroom townhouses, and penthouses.
Soho Square properties have panoramic windows and modern, minimalist interior design. The interior finishings are composed of calm light colours that, with the natural light, create a sense of spaciousness. Most of the residences have spacious outdoor terraces, some of which have views of the bay. There are apartments available for purchase within the building that measure from 399 square feet to 2,081 square feet. Townhouses are available in sizes ranging from 2,246 square feet to 4,788 square feet.
Apartments and studios in the complex range from AED 515,000 (USD 140,000) to AED 3,000,000 (USD 817,000). Townhouses start at AED 2,500,000 (USD 680,000).
*Prices are valid for 2021
With museums, beaches, and a golf club on Saadiyat Island, Soho Square apartments can be attractive to short- and long-term renters.
On average, Saadiyat Island ROI is 8.3% for studio apartments and 6.4% for 2-bedroom apartments.
The return on investment for a 1-bedroom apartment with an average annual rent of AED 80,000 (USD 22,000) is 7.2%.