Dubai Land Department Off-Plan Register

Socio Tower 1 Launch Prices

Off-plan in Dubai Hills Estate · Developer launch registrations from the Dubai Land Department off-plan register

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At a glance

Launch Summary

171 developer launch sales registered at Socio Tower 1 between Dec 2018 and Aug 2022: 100% apartments, most commonly 2-bed units, typically around 722 sqft.

Launch sales
171
DLD off-plan registrations, all time
Median launch /sqft
AED 1,368
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 658,4501,015,170
Min – max registered

Bed mix: 1-bed 48% · 2-bed 52%.

Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.

Launch price history

Launch Price by Quarter

Median registered launch price per square foot at Socio Tower 1, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2018 Q45AED 1,341
2019 Q197AED 1,385
2019 Q364AED 1,363
2020 Q31AED 1,366
2020 Q41AED 1,361
2021 Q21AED 1,357
2022 Q32AED 1,368
Two different markets

Launch vs Resale

Socio Tower 1 also has 141 ready-market resales registered with the DLD, the first on 5 January 2024 - 61 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.

Resales registered
141
66 in the last 2 years
Resale median /sqft
AED 2,496
last 2 years
Resale vs launch
+82%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Socio Tower 1 →

The latest launch sales

Recent Launch Registrations

Apartment · 2 Bed
722 sqft · 25 August 2022
AED 964,210
AED 1,336 /sqft
Apartment · 1 Bed
487 sqft · 25 August 2022
AED 681,970
AED 1,400 /sqft
Apartment · 2 Bed
727 sqft · 20 May 2021
AED 986,750
AED 1,357 /sqft
Apartment · 2 Bed
740 sqft · 30 November 2020
AED 1,007,330
AED 1,361 /sqft
Apartment · 2 Bed
723 sqft · 17 September 2020
AED 987,730
AED 1,366 /sqft

Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.

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Off-plan in Dubai Hills Estate

Compare this project with every other off-plan launch registered in Dubai Hills Estate, or see the community's resale market.

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