2-bed · 722 sqftSocio Tower 2, Dubai Hills Estate · 5th floor · completed 2023

508, Socio Tower 2

Sold prices and rental history: sold twice, last in December 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 11 December 2023
Last soldAED 1.49M11 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Socio Tower 2

What is 508 worth today?

Last sold for AED 1,491,777 in 2023

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11 Dec 2023SoldReady
AED 1,491,777AED 2,066 per sqft
11 Jul 2019Sold by developerOff-plan
AED 974,010AED 1,346 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 11 December 2023.

Key facts

Type
2-bed apartment
Size
722 sqft
Floor
5th of 13
Parking
B-59
Developer
Dubai Hills Estate
Completed
2023
Last sold
AED 1.49M · December 2023

About 508, Socio Tower 2

508 is a two-bedroom apartment of 722 sqft on the 5th floor of Socio Tower 2, a 13-storey tower in Dubai Hills Estate completed in 2023 by Dubai Hills Estate. It last sold on 11 December 2023 for AED 1,491,777, or AED 2,066 per sqft, 8% above the AED 1,906 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 508 over time

Sales
Unit 508, 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 974,010 (AED 1,346 per sqft)Sold, December 2023: AED 1,491,777 (AED 2,066 per sqft)

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

Rents
Unit 508, each contractTypical two-bed in Socio Tower 2
120K125K130K2024202520262027Typical rent by year: 2024 AED 125,000; 2025 AED 120,000; 2026 AED 130,000

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 508 sits

All 74 2-beds →

508 last sold in December 2023 at AED 2,066 per sqft, 8% above what two-beds in Socio Tower 2 were fetching at the time (AED 1,906). 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.

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 5th floor

All 160 units in Socio Tower 2
Value
5011-bedAED 1.02M · Dec 2023
5021-bedAED 1.14M · Dec 2023
5031-bedAED 995K · Dec 2023
5042-bedAED 1.5M · Dec 2023
5052-bedAED 1.73M · Nov 2024
5061-bedAED 1.03M · Jan 2024
5072-bedAED 1.5M · Nov 2023
1–7 of 16

508, Socio Tower 2 in numbers

  • Sold twice: first on 11 July 2019 for AED 974,010, last on 11 December 2023 for AED 1,491,777 (AED 2,066 per sqft).
  • 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 11 December 2023.

Questions about 508, Socio Tower 2

What did unit 508 last sell for?

AED 1,491,777 on 11 December 2023: AED 2,066 per sqft for 722 sqft. The unit has 2 registered sales; the first was AED 974,010 in July 2019.

How big is unit 508?

722 sqft (67.1 sqm): a two-bedroom apartment on the 5th floor of a 13-storey tower completed in 2023.

What is unit 508 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 508, Socio Tower 2

Starts from the last sale price (AED 1.49M, 11 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,491,777
Deposit, UAE resident (20%)
AED 298,355
Deposit, non-resident (40%)
AED 596,711
Monthly over 25 years at 3.7%
AED 6,103

Plus AED 67,665 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →