SOCIO TOWERS
About SOCIO TOWERS
Socio in Dubai
The new project Socio in Dubai, UAE, comprises two 13-storey towers surrounded by landscaped gardens, sports fields, swimming pools and various other public areas.
The complex is situated within the Dubai Hills Estate neighbourhood and is under development by Octa Properties and Buset Investments Co. L.L.C. Construction completion is scheduled for the end of 2023.
The buildings feature one- and two-bedroom apartments. When purchasing a one-bedroom flat in Socio, the price from the developer will be AED 941,000 (USD 256,000), while apartments with two bedrooms will cost AED 1.38 million (USD 375,500). Off-plan projects in Socio can be purchased through instalment payments, with 20% payable during the construction phase and the remaining 80% payment when the project is handed over for occupation.
Socio in Dubai Hills Estate
The new complex sits adjacent to the large Dubai Hills Park, offering residents the opportunity to stroll along green alleys, spend time with their children at the equipped play areas and explore a skate park and playground with fountains and a swimming pool. Within walking distance of the complex are a Full Cart supermarket and King’s College Hospital London.
Within a 5–10-minute drive, residents can access:
- Dubai Hills Golf Club
- Dubai Hills Mall, which boasts numerous shops, a hypermarket, a cinema, entertainment centres, restaurants and cafés
- Three international schools under the GEMS brand
The nearest metro station, Equiti, is a 10-minute drive away. The area also boasts a convenient exit to Al Khail Road, providing swift access to the city centre. Downtown Dubai and the free beaches are approximately 15 minutes away.
Project details
Benefits of buying property in Socio
Privileges
The complex will offer a wide range of amenities. Residents can enjoy the cosy recreation area on the ground floor, watch their favourite films and new releases in the private cinema or indulge in reading within the comfortable library.
The spacious terrace nestled between the two towers will serve as an ideal spot for outdoor relaxation. It offers a large swimming pool for a refreshing swim, sun loungers for basking in the sun and an area for outdoor fitness classes. You can spend time with your family or socialise with friends in the ground floor café. Retail shops will also be conveniently available on-site.
Apartments in Socio
All the apartments Central will feature central air conditioning systems. Panoramic windows will offer beautiful views of the park and the neighbourhood, while the interiors will be decorated in light colours. The one-bedroom flats will have a minimum floor area of 44 square metres, while the two-bedroom apartments will span at least 67 square metres.
Residence layouts will include open kitchens, spacious living rooms with a dining area and bright bedrooms with built-in wardrobes and bathrooms. Additionally, each flat will include a balcony accessible from the living room and some will offer two exits, one from the bedroom and another from the living room.
Socio by Octa Properties
As of today, the new complex is 99% complete, presenting an excellent opportunity to buy properties in Socio for investment. Purchasing apartments directly from the developer ensures the most favourable prices. After the commissioning of the project, one can promptly rent out the flat and start generating a passive income.
Property prices in Dubai are growing annually, ensuring that the city is a popular place for investment housing. As of 2023, prices are expected to rise by an average of 13.5%. Renting out apartments within the Dubai Hills Estate area can yield an annual profit of 7.5%. Additionally, the initial cost of the annual rent for a flat in this area is AED 75,000 (USD 20,500).
Dubai Hills Estate is renowned as a prestigious green neighbourhood, boasting quality properties and good infrastructure. Within the community, you’ll find a golf club, three prestigious schools, a shopping centre, a hospital, a large public park and a business centre, along with villa and townhouse communities and apartment buildings.
