2-bed · 928 sqftSocio Tower 2, Dubai Hills Estate · 1st floor · completed 2023

104, Socio Tower 2

Sold prices and rental history: sold twice, last in January 2024, and rented once, from September 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 104 · DLD and Ejari recordsUpdated 5 September 2024
Last soldAED 1.56M15 January 2024
Current rentAED 120K /yr5 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 104, Socio Tower 2

What is 104 worth today?

Last sold for AED 1,562,777 in 2024

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5 Sep 2024RentedNew contract
AED 120,000/yr12 months · AED 130 per sqft
15 Jan 2024SoldReady
AED 1,562,777AED 1,683 per sqft
8 Jul 2019Sold by developerOff-plan
AED 1,025,950AED 1,107 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 September 2024.

Key facts

Type
2-bed apartment
Size
928 sqft
Floor
1st of 13
Parking
G-52
Developer
Dubai Hills Estate
Completed
2023
Last sold
AED 1.56M · January 2024

About 104, Socio Tower 2

104 is a two-bedroom apartment of 928 sqft on the 1st floor of Socio Tower 2, a 13-storey tower in Dubai Hills Estate completed in 2023 by Dubai Hills Estate. It last sold on 15 January 2024 for AED 1,562,777, or AED 1,683 per sqft, 18% below the AED 2,055 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 September 2024. The current contract, signed on 5 September 2024, is AED 120,000 a year: a gross yield of 7.7% on the 2024 price.

Sales and rents for 104 over time

Sales
Unit 104, each saleTypical two-bed in Socio Tower 2
1M1.5M2M2019202120232025Typical sale price by year: 2019 AED 991,650; 2023 AED 1,491,777; 2024 AED 1,543,777; 2025 AED 1,850,000Sold by developer, July 2019: AED 1,025,950 (AED 1,107 per sqft)Sold, January 2024: AED 1,562,777 (AED 1,683 per sqft)

104 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 104, each contractTypical two-bed in Socio Tower 2
120K125K130K2024202520262027Typical rent by year: 2024 AED 125,000; 2025 AED 120,000; 2026 AED 130,000New contract, September 2024: AED 120,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Socio Tower 2, and where 104 sits

All 74 2-beds →

104 last sold in January 2024 at AED 1,683 per sqft, 18% below what two-beds in Socio Tower 2 were fetching at the time (AED 2,055). Over the last 12 months two-beds sold for AED 1,735,000 to 2,000,000, around AED 2,449 per sqft, and rent for AED 120,000 to 180,000 a year. 104's AED 120,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Feb 20261,812,500
28 May 20251,850,000
30 Apr 20252,010,000
15 Jan 20251,780,000
4 2-bed sales in the last 12 months

Socio Tower 2

Building

160 apartments, 1-bed to 2-bed over 13 floors in Dubai Hills Estate, completed in 2023 by Dubai Hills Estate. 6 sold in the last 12 months.

Typical price per sqft
AED 2,449
Typical sale
AED 1.74M
Typical rent
AED 120K /yr
Typical yield
7.6%
Socio Tower 2, Dubai Hills Estate: prices, sales and rents →

Other units on the 1st floor

All 160 units in Socio Tower 2
Value
1011-bedAED 1.07M · Dec 2023
1021-bedAED 1.06M · Jan 2024
1031-bedAED 1.3M · Jun 2024
1052-bedAED 1.65M · Feb 2024
1061-bedAED 1.12M · Feb 2024
1072-bedAED 1.8M · Jun 2024
1082-bedAED 1.61M · Dec 2023
1–7 of 11

104, Socio Tower 2 in numbers

  • Sold twice: first on 8 July 2019 for AED 1,025,950, last on 15 January 2024 for AED 1,562,777 (AED 1,683 per sqft).
  • Rented since September 2024 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2024 price is 7.7%.
  • Two-beds in Socio Tower 2 sold for AED 1,735,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,449 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 5 September 2024.

Questions about 104, Socio Tower 2

What did unit 104 last sell for?

AED 1,562,777 on 15 January 2024: AED 1,683 per sqft for 928 sqft. The unit has 2 registered sales; the first was AED 1,025,950 in July 2019.

What is the rent for unit 104?

AED 120,000 a year on the contract signed on 5 September 2024.

How big is unit 104?

928 sqft (86.2 sqm): a two-bedroom apartment on the 1st floor of a 13-storey tower completed in 2023.

What is unit 104 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Socio Tower 2 sold for AED 1,735,000 to 2,000,000 in the last 12 months, around AED 2,449 per sqft.

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Mortgage on 104, Socio Tower 2

Starts from the last sale price (AED 1.56M, 15 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,562,777
Deposit, UAE resident (20%)
AED 312,555
Deposit, non-resident (40%)
AED 625,111
Monthly over 25 years at 3.7%
AED 6,394

Plus AED 70,647 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →