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Socio in Dubai Hills - Dubai residental property project

Cap rates, sales prices, rents and deal volumes



Sales prices for completed properties in Socio

RoomsSize, sqmSale price, AED/sqmSale price, AED
14527,8641,255,000
26825,2961,711,667

Rents in Socio

RoomsSize, sqmRent, AED/sqm/yearRent, AED
1451,70176,374
2681,701116,504

The cap rate (rental yield) of investments into Socio project is 6.7% on average.

The price of an apartment in Socio is 25,552 AED/sqm on average.

Price for completed 1 bedroom apartment in Socio is 1,255,000 AED or 27,864 AED/sqm.
Price for completed 2 bedroom apartment in Socio is 1,711,667 AED or 25,296 AED/sqm.

Rent in Socio is 25,296 AED/year/sqm on average for long term rent of an apartment.

Rent for 1 bedroom apartment in Socio is 76,374 AED or 1,701 AED/sqm.
Rent for 2 bedroom apartment in Socio is 116,504 AED or 1,701 AED/sqm.

About Socio

'Socio' in 'Dubai Hills' area project description

Socio is a distinctive residential project situated in the Dubai Hills Estate, one of Dubai's most sought-after and meticulously planned communities. Developed by the renowned Emaar Properties, Socio is a vibrant and contemporary living space designed primarily for millennials, young professionals, and singles seeking an urban lifestyle in a lush, suburban setting.

The project is characterized by modern, minimalist apartment buildings that exude chic elegance. The architecture reflects a clean and sleek aesthetic, with floor-to-ceiling windows that maximize natural light and offer panoramic views of the surrounding landscape. Residential units in Socio are well-designed to optimize space and functionality, featuring high-quality finishes and stylish fixtures.

Socio offers a variety of studio and one-bedroom apartments, thereby catering to a wide range of preferences and budgets. Despite the compact size of the units, the intelligent design ensures a comfortable and convenient living experience, with open-plan layouts that seamlessly integrate living, dining, and kitchen areas.

Community amenities are a significant highlight of the Socio project. Residents can enjoy a plethora of facilities designed to promote an active and social lifestyle. These include a state-of-the-art fitness center, a swimming pool, and landscaped gardens that provide a serene environment for relaxation and leisure. There are also dedicated barbecue areas and outdoor seating spaces, perfect for social gatherings and community events.

In addition to the in-house facilities, Socio benefits from its strategic location within Dubai Hills Estate. The community is designed with a focus on sustainability and wellness, featuring extensive parks, open spaces, and a championship golf course. Residents have access to a wide range of retail and dining options within the Dubai Hills Mall, as well as healthcare facilities and educational institutions, making it a self-sufficient neighborhood.

Connectivity is another strong suit of Socio. The community is well-connected to major highways like Al Khail Road and Sheikh Zayed Road, providing easy access to key destinations in Dubai, including Downtown Dubai, Dubai Marina, and Dubai International Airport. Public transportation options are also readily available, facilitating hassle-free commuting for residents.

Socio in Dubai Hills Estate encapsulates the essence of modern urban living, offering a perfect blend of convenience, luxury, and community spirit. With its strategic location, high-quality residences, and extensive amenities, it stands out as an attractive option for anyone looking to immerse themselves in a vibrant yet relaxed lifestyle in the heart of Dubai.

Q&A on Socio

What are the advantages of 'Socio' project in Dubai for property buyers? What are the disadvantages?

'Socio' is a residential project located within the Dubai Hills Estate, part of the Mohammed Bin Rashid City in Dubai. Here are some key advantages and disadvantages for property buyers considering the 'Socio' project:

Advantages
1. Prime Location:
- Dubai Hills Estate is a master-planned community offering a prime location with easy access to key areas of Dubai such as Downtown Dubai, Dubai Marina, and major highways.

2. Community Living:
- Boasts a community-centric lifestyle with parks, cycling tracks, and walkways which can contribute to a pleasant and holistic living environment.

3. Amenities:
- Offers a range of amenities including swimming pools, fitness centers, barbecue areas, and recreational facilities.

4. Dubai Hills Park and Mall:
- Residents benefit from proximity to Dubai Hills Park, which is one of the largest green spaces in Dubai, and Dubai Hills Mall, providing ample recreational and shopping opportunities.

5. Educational and Healthcare Facilities:
- Near reputed educational institutions and healthcare facilities, making it ideal for families.

6. Investment Potential:
- Properties in Dubai Hills Estate are considered good investments due to the high demand for quality residential spaces and the anticipated appreciation in property values.

7. Quality of Life:
- Modern architectural designs and high-quality construction standards along with landscaped surroundings improve the overall quality of life.

8. Payment Plans:
- Often, flexible payment plans are offered by developers, making it easier for buyers to invest in properties.

Disadvantages
1. Price Point:
- Properties in the Dubai Hills Estate are generally on the higher end of the price spectrum compared to other residential areas in Dubai.

2. Construction and Development:
- Some parts of Dubai Hills Estate are still under development, which could mean ongoing construction noise and inconveniences for current residents.

3. Traffic:
- As the community grows, increased traffic congestion in and around the area could become a concern, especially during peak hours.

4. HOA Fees:
- Homeowners Association (HOA) fees in such premium communities can be relatively high, adding to the cost of ownership.

5. Resale Market:
- Depending on market conditions, the resale market can be competitive, which might affect property appreciation and ease of selling.

6. Rental Yield:
- While there is potential for property value appreciation, rental yields might not always align with investment expectations depending on market demand.

Conclusion
The 'Socio' project within Dubai Hills Estate offers numerous advantages that make it an attractive option for property buyers, including location, amenities, and community lifestyle. However, buyers should also consider disadvantages such as higher price points, ongoing development, and potential traffic issues. Conducting thorough market research and possibly consulting with a real estate expert can provide better insights tailored to an individual's investment goals and lifestyle preferences.

What are the advantages of 'Socio' project in Dubai for property buyers? What are the disadvantages?

Advantages of the 'Socio' project in Dubai Hills for property buyers:

1. Strategic Location: Situated in the sought-after Dubai Hills Estate, it offers proximity to key landmarks such as Downtown Dubai and major highways like Al Khail Road, ensuring ease of access across the city.

2. Community Living: Designed with social interaction in mind, Socio promotes a community-centric lifestyle with numerous communal spaces like lounges, dining areas, and co-working spaces, encouraging socialization and networking.

3. Amenities: High-quality amenities including swimming pools, fitness centers, landscaped gardens, and retail outlets enhance residents' lifestyle and convenience.

4. Urban Living: The project is tailored to younger demographics, particularly young professionals and millennials, offering a modern urban living experience.

5. Green Spaces: Part of the Dubai Hills Estate, known for its sprawling green spaces, Socio provides a serene environment with parks, trails, and golf courses, promoting a healthy and active lifestyle.

6. Investment Potential: Due to its prime location and popularity among young professionals, properties in Socio have strong rental demand, ensuring good rental yields and potential for capital appreciation.

7. Educational Facilities: Close proximity to reputed schools and educational institutions, making it suitable for families with children.

Disadvantages of the 'Socio' project in Dubai Hills for property buyers:

1. Demand vs. Supply: High demand may lead to limited availability of units and potentially higher prices.

2. Construction Noise: Ongoing development in Dubai Hills Estate might result in temporary construction noise and associated inconveniences.

3. Community Restrictions: As a community-driven development, there may be restrictive policies concerning property modifications or certain activities.

4. Traffic: During peak hours, the surrounding roads can experience heavy traffic, impacting commute times.

5. Cost of Living: The area's premium amenities and lifestyle may entail a higher cost of living compared to other regions in Dubai.

6. Market Volatility: The real estate market in Dubai can be subject to fluctuations, and potential buyers should consider market conditions and long-term value.

7. Service Charges: The amenities and communal areas come with maintenance costs, which can be higher than in less amenitized developments.




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