PropertyIndex

Socio

Completed · Q1 2023|341 units · 2 towers · 1 podium

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Socio is a completed apartment development by DUBAI HILLS ESTATE L.L.C in Dubai Hills Estate, Hadaeq Sheikh Mohammed Bin Rashid, comprising 341 registered units. 867 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,350 per sqft. At AED 2,350 per sqft, Socio prices 1% below the Dubai Hills Estate average of AED 2,374 per sqft on registered sales.

PIX© price · 5.0% YoY
1.43MAED
Typical
2,350AED
PSF
Gross yield
6.2%
PIX© rent ÷ PIX© price
Sale records
867
DLD · all time
Rent contracts
498
Ejari · all time
Socio

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
41 – 959 sqft
3411.43M2,3505.0%89K6.2%
Residential
1 Bed · Apartment
472 – 614 sqft
161
2 Bed · Apartment
718 – 959 sqft
171
Commercial
Shop
702 – 788 sqft
4
Store
41 – 61 sqft
5
Sales — Project-Wide867 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Tower Analysis
last 24 months
All towers · 102 sales
Tower 2 · 30 sales
Tower 1 · 72 sales
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
21 Jul 20261 BedTower 1 · Floor 44861,280,0002,633+4.5%StandardStandard Sale
15 Jul 20262 BedTower 1 · Floor 137181,700,0002,367+11.3%StandardStandard Sale
7 Jul 20262 BedTower 1 · Floor 117391,600,0002,166-9.9%Entry LevelStandard Sale
Rentals — Project-Wide498 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Tower Analysis
last 24 months
All towers · 353 rentals
Tower 1 · 173 rentals
Tower 2 · 180 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
16 Aug 20261 BedTower 2 · Floor 248575,000155Entry Levelnew
15 Aug 20261 BedTower 1 · Floor 748882,000168-32.2%Standardnew
15 Aug 20262 BedTower 1 · Floor 372683,000114-21.4%Entry Levelnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Dubai Hills Estate

The closest-priced registered projects in Dubai Hills Estate.

Common questions about Socio

Answered from Dubai Land Department registered transactions.

How much does a property in Socio cost?

Property in Socio sells at a current PIX© price of AED 2,350 per sqft, or about AED 1,429,800 for a typical unit, based on 867 sales registered with the Dubai Land Department.

Is Socio completed?

Yes. Socio is recorded as completed in the Dubai Land Department project register (completed q1 2023).

Who is the developer of Socio?

Socio is developed by DUBAI HILLS ESTATE L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Socio?

Socio yields 6.2% gross, calculated from current PIX© rent against current PIX© sale price, across 498 registered Ejari contracts.

How many units are in Socio?

Socio holds 341 registered units across 2 towers, per the Dubai Land Department unit register.

Have prices in Socio gone up or down?

Price per sqft has fallen -5.0% over the last 12 months, to AED 2,350, across 867 registered sales.