516, Socio Tower 2
Sold prices and rental history: sold twice, last in November 2023, and rented once, from May 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Socio Tower 2
What is 516 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 19 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 485 sqft
- Floor
- 5th of 13
- Parking
- B-38
- Developer
- Dubai Hills Estate
- Completed
- 2023
- Last sold
- AED 1.02M · November 2023
- Building
- Socio Tower 2
About 516, Socio Tower 2
516 is a one-bedroom apartment of 485 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 24 November 2023 for AED 1,024,777, or AED 2,114 per sqft, in line with the AED 2,108 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 19 May 2025. The current contract, signed on 19 May 2025, is AED 77,000 a year: a gross yield of 7.5% on the 2023 price.
Sales and rents for 516 over time
516 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Socio Tower 2, and where 516 sits
All 73 1-beds →516 last sold in November 2023 at AED 2,114 per sqft, in line with what one-beds in Socio Tower 2 were fetching at the time (AED 2,108). Over the last 12 months one-beds sold for AED 816,000 to 1,226,000, around AED 2,111 per sqft, and rent for AED 84,000 to 99,732 a year. 516's AED 77,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jun 202523 June 2025 | 488 sqft | 1,300,000 | 2,663 | ||
| 15 May 202515 May 2025 | 475 sqft | 1,300,000 | 2,738 | ||
| 29 Apr 202529 April 2025 | 472 sqft | 1,300,000 | 2,751 | ||
| 29 Apr 202529 April 2025 | 473 sqft | 1,300,000 | 2,748 |
Socio Tower 2
Building160 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%
Other units on the 5th floor
All 160 units in Socio Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 482 sqft | AED 1.02MAED 1,016,777 · Dec 2023December 2023 | ||
| 502 | 1-bed | 475 sqft | AED 1.14MAED 1,140,000 · Dec 2023December 2023 | 81,000 /yr | |
| 503 | 1-bed | 472 sqft | AED 995KAED 994,777 · Dec 2023December 2023 | 95,000 /yr | |
| 504 | 2-bed | 729 sqft | AED 1.5MAED 1,500,777 · Dec 2023December 2023 | 180,000 /yr | |
| 505 | 2-bed | 743 sqft | AED 1.73MAED 1,725,000 · Nov 2024November 2024 | 135,000 /yr | |
| 506 | 1-bed | 483 sqft | AED 1.03MAED 1,030,777 · Jan 2024January 2024 | 89,759 /yr | |
| 507 | 2-bed | 724 sqft | AED 1.5MAED 1,495,777 · Nov 2023November 2023 | ||
| 508 | 2-bed | 722 sqft | AED 1.49MAED 1,491,777 · Dec 2023December 2023 | ||
| 509 | 2-bed | 741 sqft | AED 1.53MAED 1,529,777 · Nov 2023November 2023 | 117,285 /yr | |
| 510 | 1-bed | 488 sqft | AED 1.03MAED 1,033,777 · Feb 2024February 2024 | ||
| 511 | 1-bed | 475 sqft | AED 1.02MAED 1,022,777 · Nov 2023November 2023 | ||
| 512 | 2-bed | 727 sqft | AED 1.81MAED 1,812,500 · Feb 2026February 2026 | 135,000 /yr | |
| 513 | 743 sqft | AED 1.74MAED 1,735,000 · Oct 2025October 2025 | |||
| 514 | 1-bed | 485 sqft | AED 1.06MAED 1,064,859 · Mar 2024March 2024 | ||
| 515 | 1-bed | 484 sqft | AED 1.26MAED 1,260,000 · Jul 2024July 2024 | 85,000 /yr | |
| 517 | 2-bed | 741 sqft | AED 1.49MAED 1,490,777 · Dec 2023December 2023 | 105,000 /yr |
516, Socio Tower 2 in numbers
- Sold twice: first on 16 January 2019 for AED 679,030, last on 24 November 2023 for AED 1,024,777 (AED 2,114 per sqft).
- Rented since May 2025 on one Ejari contract, at AED 77,000 a year.
- At AED 77,000 a year the gross yield on the 2023 price is 7.5%.
- One-beds in Socio Tower 2 sold for AED 816,000–1,226,000 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 19 May 2025.
Questions about 516, Socio Tower 2
What did unit 516 last sell for?
AED 1,024,777 on 24 November 2023: AED 2,114 per sqft for 485 sqft. The unit has 2 registered sales; the first was AED 679,030 in January 2019.
What is the rent for unit 516?
AED 77,000 a year on the contract signed on 19 May 2025.
How big is unit 516?
485 sqft (45.1 sqm): a one-bedroom apartment on the 5th floor of a 13-storey tower completed in 2023.
What is unit 516 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Socio Tower 2 sold for AED 816,000 to 1,226,000 in the last 12 months, around AED 2,111 per sqft.
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Mortgage on 516, Socio Tower 2
Starts from the last sale price (AED 1.02M, 24 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,024,777
- Deposit, UAE resident (20%)
- AED 204,955
- Deposit, non-resident (40%)
- AED 409,911
- Monthly over 25 years at 3.7%
- AED 4,193
Plus AED 48,051 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →