Society House by Invest Group Overseas is a new high-rise complex located in one of the most popular locations in the emirate - Downtown Dubai. On the 52 floors of the tower, studios and apartments with 1-3 bedrooms and exclusive premium-class amenities are available for purchase.
Society House by Invest Group Overseas is a recently announced luxury project located in the district near Al Asayel Street in Downtown Dubai. The complex is being developed by IGO - Invest Group Overseas. Design and construction work are being carried out in collaboration with international companies such as NEXT ENGINEERING, Wanders Wagner Hussain, Freedm, and others. It is planned that construction of the project will begin in the third quarter of 2023.
The Society House complex features a collection of 404 fully or partially furnished residences. Potential investors can choose from studios and 1-3 bedroom apartments. The size of the properties ranges from 32 sq. m to 263 sq. m. All residences are divided into zones from minimal units on the lower levels to spacious three-bedroom corner apartments at the top of the tower.
All residences are presented in layouts with their own balcony, built-in wardrobes, or walk-in closets in the bedrooms. Apartment options with a room for staff and a private office are provided.
The interior and exterior designs are oriented towards individuality and exclusivity. Modern technologies, natural materials, and trendy accents are used in creating the residences. Future residents will be able to immerse themselves in an oasis of cosmopolitan luxury in the heart of Dubai.
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Residents of the grand Society House will be able to enjoy the privileged location of the skyscraper in the heart of the emirate - Downtown Dubai. Popular attractions, shopping and entertainment locations are within walking distance of the complex. To visit the world-famous Dubai Mall, it will take just a five-minute drive from the complex.
A number of popular restaurants are located near the complex. You can relax at August Restaurant & Lounge, Bien, Italyca Pasta & Pizza Downtown, Thai Delicacy Restaurant, and others. The trip to these establishments takes no more than five minutes. The complex is conveniently located near several public transport stops. The nearest bus stop, Dubai Fountain Street 1, is a 10-minute walk away.
Children can attend one of the nearby educational institutions. These include Blossom Downtown Nursery Dubai, Jumeirah International Nursery, Kids Castle Nursery in Down Town, Business Bay, City School Holding International, Eman School System, and others. All establishments are within a 5-10 minute drive from the project. A variety of professional medical institutions operate in the Downtown Dubai area. You can contact Medclinic Dubai Mall, Amana Healthcare, Dr. deena Al Qedrah Medical Center, and others. The trip to the clinics will take 5-10 minutes.
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Burj Khalifa, Dubai Mall, City Walk, Ras Al Khor Wildlife Sanctuary, Business Bay
Palm Jumeirah, Dubai Marina, Dubai International Airport (DXB)
The exclusive Society House complex will be built in Downtown Dubai. The project is located near the Al Asayel Street exit. This street allows for quick access to Financial Center Road and Al Khail Road. The advantageous location of the project will allow residents to easily reach all important locations in Dubai.
All the attractions of Downtown Dubai, including the Dubai Mall, Dubai Fountain, Dubai Opera, and Burj Khalifa, are within a 5-10 minute drive from the project. If you need to visit an office in Business Bay or decide to take a walk in the Ras Al Khor Wildlife Sanctuary, the trip will take about 10 minutes. The same amount of time is required to visit the boutiques and promenades in the popular pedestrian district of City Walk.
The journey to popular beaches and coastal locations in Dubai Marina takes just under half an hour by car. Entertainment and attractions on the stunning man-made island of Palm Jumeirah are located at the same distance from the complex. The trip to Dubai International Airport (DXB) takes about 20 minutes from the Society House complex.
The Society House complex will become part of the luxurious area in the center of Dubai - Downtown Dubai. Those who purchase property in the project can count not only on premium amenities in the complex, comfortable and diverse residential options, but also on a premium location and all the amenities of a developed infrastructure. Such objects will be in demand among businessmen and their families, young couples, and corporate employees in different parts of the emirate.
This location and wide range of residences will be of interest to potential investors planning to receive passive income. One-bedroom apartments in Downtown Dubai can be rented out at an average cost of AED 130,000 (USD 35,000) per year. The ROI for such type of property is at the level of 6.6%.
Currently, the Society House complex is part of off-plan projects, and the developer offers two comfortable payment plans for purchasing property: 60/40 or 70/30. The second plan involves paying 30% within 18 months after the completion of the complex.
Immediately after the completion of construction, foreign investors can apply for a residential "Golden Visa" or a 2-year residence visa depending on the property value. A 10-year document is issued for the owner, their family members, and household staff in case of purchasing residences worth AED 2 million (USD 545,000) or more. To obtain a 2-year residence visa, one can purchase studios and apartments worth AED 750,000 (USD 204,000) or more.
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Chief Real Estate Investment Expert at Metropolitan Premium Properties
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