Socio

Socio is a high-end residential complex, released by Buset Investments Co. and OCTA Properties, in Dubai Hills Estate. It consists of 2 towers, with a total of 333 one- and two-bedroom apartments. The starting size of the units ranges from 476 sq. ft to 723 sq. ft, including private balconies.

There will be many amenities on Socio’s ground floor for recreation, leisure and work. These encompass:

As of October 2023, the initial cost for housing in Socio stands at AED 941K (USD 256K).

You are additionally required to pay an EOI, which amounts to a minimum of AED 200K (USD 54K).

As of Q3 2023, Socio has marked 99% completion. You will be able to move in or rent out your property in this complex by Q4 2023.

Although the development is almost ready, you can still use a convenient 20/80 payment plan. You must pay 10% both upon booking and during construction, and the final 80% is due upon completion of the project.

In Dubai Hills Estate, as of Q4 2023, 1-bedroom residences generate a gross yield of 6.8% on average. The initial rental cost stands at AED 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 clearly shows the strong investment potential of housing in Socio.

By buying real estate in Socio, you become eligible for a 2-year visa. This applies to your spouse and children and can be renewed multiple times as long as you remain the owner of the property.