Soho Square
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Soho Square

About the project

Soho Square is a multifunctional residential complex located in the center of Saadiyat Island. The project was developed by the leading developer, Bloom Properties. The construction was completed in December 2019.

The Soho Square complex consists of two buildings 11 stories high, which are connected by a catwalk with commercial space. A total of 304 units of various configurations were built. There are exclusive studios, apartments with 1, 2, and 3 bedrooms, penthouses and townhouses.

The apartments have finishes made with modern eco materials, spacious bedrooms, an equipped kitchen, built-in closets, closets, laundry, storage, large balcony, a “Smart House” system, and new plumbing and lighting systems.

Residents have access to 24-hour security and video surveillance, underground parking, high-speed elevators, air conditioning and heating systems, a modern fitness center and gym, adult and children’s pools, an indoor playground, a sauna and a jacuzzi.

The private grounds include landscaped gardens, walking and jogging paths, and recreation areas.

Technical services and reception services are available 24 hours a day on the site of the complex. Pets are also allowed.

The size of apartments starts from 77.7 sq. m (836.4 sq. ft). Prices start from AED 1,200,000 (USD 326,704).

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Location

Soho Square is located in the center of Saadiyat Island, which is considered the cultural center of the city. The nearest highway, Sheikh Khalifa bin Zayed Al Nahyan, is a 2-minute walk away.

Abu Dhabi International Airport is a 33-minute drive away.

The seafront is a 10-minute walk away.

Zayed National Museum is a 10-minute walk, as is Saadiyat Beach, the cultural center of Mapagat Al Saadiyat, and the famous museum of the UAE – Louvre Abu Dhabi.

The center of Abu Dhabi is easily accessible by car in 15 minutes.

Other island highlights such as Jubail Mangrove Park, Guggenheim Abu Dhabi Museum and Hidd Al Saadiyat Marina are a 7-minute drive away.

Saadiyat Island offers many upscale restaurants and spa resorts, hotels and beach clubs, entertainment and cultural venues.

Owners will be able to visit shopping centers, supermarkets, cafes, which are located within walking distance.

The nearest schools and development centers are Cranleigh School, New York University campus, and the Redwood Nursery.

The Cleveland Clinic is a 20-minute drive away.

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Payback

The basic rate of return on investment in apartments is up to 7.5% per annum.

To rent a one-bedroom apartment costs from AED 57,000 (USD 15,518) per year.

Property rent tax is 5% – AED 2,850 (USD 776). Maintenance of the complex starts from AED 5,000 (USD 1,361).

Therefore a net income of AED 49,150 (USD 13,381) is possible.

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