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Dubai Islands Origami Development

SOMA Residences

SOMA Residences by Origami Development on Dubai Islands: 44 homes from AED 1.67M, 20/30/50 payment plan, handover quoted 2028. Why the building checks out…

From
AED 1,670,000
Payment plan
20 / 10 / 10 / 10 / 50
Handover
Q3 2028
Unit types
1 Bed – 3 Bed

Figures as at September 2026

Image: Developer material · computer-generated render

Key facts

SOMA Residences

7 market reportedFigures as at Sep 2026
Starting price
AED 1,670,000AED 1,969 per sq ft at entryMarket reported
Handover
Q3 2028
Total units
44Market reported

Open the one-page factsheetPrint or save it as a PDF. Same figures, same review date.

The project

About SOMA Residences

SOMA Residences is a single eight-storey building with one basement level on Dubai Islands, in Deira, containing an estimated 44 homes. The mix runs from one-bedroom apartments of about 848 sq ft up to three-bedroom duplexes of around 2,600 sq ft, with prices quoted from AED 1.67 million and a 20/30/50 payment structure. It sits on the Dubai Land Department register with a recorded project valuation of AED 45 million and a first register trace in March 2026, and construction has not started.

The developer, Origami Development, has no other traceable project and publishes no website. Every figure below comes from broker material rather than from the developer, which is the single most important thing to understand about this listing.

Render of the roof terrace at SOMA Residences, with shaded dining, a sports court and views across the water to the Dubai coastline
Developer render · subject to change
  • 44 homes over eight storeys plus one basement – a single building, not a community
  • One, two and three-bedroom apartments, a two-bedroom Flexi layout, and three-bedroom duplexes
  • Quoted from AED 1.67 million for a one-bedroom of 848 to 1,068 sq ft
  • 20/30/50: 20 per cent on booking, three 10 per cent instalments at 13, 18 and 24 months, 50 per cent on handover

What does it cost

Pricing by unit type

Published starting prices

Market reported
Starting price, size and price per square foot for each unit type
UnitSize, sq ftPrice fromPer sq ft
1 Bedroom848 – 1,068AED 1,670,0001,969
2 Bedroom1,323 – 2,109On request
2 Bedroom + Flexi1,737On request
3 Bedroom1,607On request
3 Bedroom Duplex2,355 – 2,607On request

Per sq ft is our own calculation, the starting price over the smallest size in the type, so it is a floor rather than an average. Where no starting price is published for a type the row says so rather than carrying an estimate. Prices and availability change without notice.

How you pay

The payment plan

The split, and what each stage costs at the entry price of AED 1,670,000. Cash figures are our arithmetic on the published plan, before fees.

Market reported

This schedule reaches us through market sources, not the developer’s published material. Treat the split as indicative and confirm it in the sale and purchase agreement.

On booking

AED 334,000

At booking

20% paid by this point

During construction

AED 501,000

Across the build

3 instalments.

50% paid by this point

On handover

AED 835,000

Marketed Q3 2028

100% paid by this point

Show the full 5-step schedule
InstalmentShare of price
On booking (plus 4% DLD fee)20%
13 months from booking10%
18 months from booking10%
24 months from booking10%
On handover50%

What SOMA Residences costs to get into

The headline price is not the cheque. These are the charges that fall on a Dubai off-plan purchase at the entry unit, followed by the staged plan in money rather than percentages.

Cost of entry

Purchase pricethe published entry unitAED 1,670,000
Land Department registration4% of the declared value, registered through Oqood. It is not a second 4%.AED 66,800
Trustee office feeincluding VAT, at the tier for this priceAED 4,200
Developer administrationset by the developer and confirmed on the reservation formAED 1,000 to AED 6,000
To own it outrightbefore any financeAED 1,742,000 to AED 1,747,000

Excludes mortgage arrangement and valuation, conveyancing, furnishing and service charges once the building is running. The full schedule is in our guide to the true cost of buying off-plan in Dubai.

The plan in money

StageShareAmountPaid by then
On booking (plus 4% DLD fee)20%AED 334,000AED 334,000
13 months from booking10%AED 167,000AED 501,000
18 months from booking10%AED 167,000AED 668,000
24 months from booking10%AED 167,000AED 835,000
On handover50%AED 835,000AED 1,670,000

Registration costs fall at the start, alongside the booking payment. The schedule that governs your purchase is the one written into the sale and purchase agreement.

Yield scenario

Scenario, not a forecast

Change any figure. The arithmetic is ours; the assumptions are yours. Rent is seeded from the district gross yield and the service charge from a generic rate per square foot, because the contracted service charge for a tower is set at handover.

Gross yield
Net yield
Net income a year
Cash in before handover

Net yield here is rent after vacancy, less the service charge, management and whatever you enter as other costs, over the purchase price. It excludes finance, the registration costs above, furnishing and income tax in your own country.

The building checks out. The developer does not.

SOMA Residences is a single eight-storey building with one basement level on Dubai Islands, in Deira, holding an estimated 44 homes. For a scheme of this size the product detail is unusually coherent: a full size ladder, a per-type entry price, a payment plan with dated instalments, and an amenity list that matches what a building of this footprint can actually carry.

The developer is the problem. Origami Development has no other traceable project, publishes no website, no brochure and no price list, and we could not establish a Dubai Land Department developer number for it. SOMA appears to be its first traceable scheme, so there is no completed building anywhere to go and inspect. Every commercial figure on this page therefore comes from brokers marketing the scheme rather than from the company building it, and that gap is the single most important thing to carry into any conversation about it.

What the register records

The Dubai Land Department register carries SOMA with a project valuation of AED 45 million and a first trace in March 2026. Construction stage is recorded as planned, which means ground has not been broken.

Two things follow. The AED 45 million is a pre-construction estimate lodged by the developer, not a sales value, and reading it against the aggregate of the asking prices is a category error – the two figures measure different things. And planned stage against a 2028 handover is the number to re-check before committing, not the number to be reassured by.

The apartments

One-bedroom apartments run 848 to 1,068 sq ft. Two-bedrooms run 1,323 to 2,109 sq ft, with a two-bedroom Flexi layout at 1,737 sq ft. Three-bedroom apartments are quoted at 1,607 sq ft, and three-bedroom duplexes at 2,355 to 2,607 sq ft.

Forty-four homes over eight floors is roughly five or six apartments a floor, consistent with that size range and with duplexes at the top. This is a building, not a community, and it should be judged as one. The recorded amenity list – pool and pool deck, a children’s pool, gym, yoga studio, sauna and steam, separate changing rooms, a resident lounge, co-working space and a cafe – is the realistic provision for a footprint this size. Broker material additionally advertises beach access, a spa, a padel court, a kids club and retail. Treat those as marketing until the sale and purchase agreement or the approved plans confirm them.

The payment plan is the one genuinely buyer-friendly thing here

Twenty per cent falls on booking, plus the 4 per cent DLD fee. Three instalments of 10 per cent follow at 13, 18 and 24 months from booking. The remaining 50 per cent is due on handover.

Holding half the price back to handover matters more here than it would elsewhere. An unbuilt scheme by an undocumented developer is not being funded largely out of buyer deposits, and exposure before there is a building to take delivery of is capped at half the price. That structure is what makes SOMA discussable at all despite the developer question. It only works if the project is registered and escrowed: ask for the DLD project registration number and the escrow account in writing, and verify both with the Land Department directly rather than through the agent. If they cannot be produced, the absence is the answer.

At 848 sq ft the entry unit works out near AED 1,970 per sq ft, toward the upper end for an island where the master developer is still laying in the infrastructure.

Dubai Islands, and getting off it

There is no metro on the islands. The Green Line runs along the Deira waterfront opposite, with Gold Souq the nearest terminus, and three bridges connect to the mainland through the Al Shindagha Corridor. Nakheel publishes 10km to Dubai International and 15km to Downtown; those are distances, not drive times.

The setting is more checkable than the developer. Dubai Islands is Nakheel-master-planned, with per-building construction progress published across the island, so the context around SOMA can be verified even where SOMA itself cannot.

What we could not verify

Handover is quoted as Q3 2028 by two sources and Q4 2028 by a third, with no developer statement to settle it. The AED 1.67 million entry price appears consistently across two independent listings, but it is an asking price in marketing material rather than a recorded transaction or a developer price list. The per-type size ladder comes from a single broker listing; a second source gives a compatible overall range but not the breakdown. The 20/30/50 shape is corroborated twice, while the instalment timings at 13, 18 and 24 months come from one source only. The 44-unit count is described as an estimate. XBD Collective as designer and a WELL Gold target circulate in broker material and are confirmed by no primary source.

Render of a double-height living space in a SOMA Residences duplex, overlooking the water
Render of a double-height living space in a SOMA Residences duplex, overlooking the water

Residences

The residences

1 Bedroom

848 – 1,068 sq ft

2 Bedroom

1,323 – 2,109 sq ft

2 Bedroom + Flexi

1,737 sq ft

3 Bedroom

1,607 sq ft

3 Bedroom Duplex

2,355 – 2,607 sq ft

Size bars run from 0 to 2,750 sq ft. Ranges are the published minimum and maximum for each type.

Render of the pool deck and sun terrace at SOMA Residences, looking out to the Gulf

Amenities

What is inside SOMA Residences

9 reportedMarket reported
  • Swimming pool and pool deck
  • Children's pool
  • Gymnasium
  • Yoga studio
  • Sauna and steam room
  • Separate male and female changing rooms
  • Resident lounge and sunken lounge
  • Co-working space
  • Cafe

Render of the pool deck and sun terrace at SOMA Residences, looking out to the Gulf

This is the amenity set recorded against the project on the register-derived listing, concentrated on the first floor alongside the main pool. Broker material additionally advertises beach access, a spa, a padel court, a kids club and retail; those are not corroborated by the register listing and should be treated as marketing until the sale and purchase agreement or the approved plans confirm them. With no developer publication of any kind, the amenity list is one of the least verified parts of this project.

Property ownership and regulation in Dubai

UAE property law is set emirate by emirate, not federally. What follows applies in Dubai and does not carry across to other emirates.

Regulator
Dubai Land Department (DLD), with the Real Estate Regulatory Agency (RERA) as its regulatory arm
Property register
Property Register for title deeds; the Interim Real Property Register, known as Oqood, for off-plan
Foreign ownership
Freehold, open to all nationalities in designated areas

Off-plan and escrow

Law No. 8 of 2007 requires every off-plan project to hold buyer money in a project-specific escrow account, ring-fenced from the developer creditors, with releases against certified construction milestones. Law No. 13 of 2008 creates the interim register and makes an unregistered off-plan disposition void. Law No. 19 of 2020 sets the maximum a developer may retain if a purchase fails, and those limits are public order, so no contract can override them.

Ownership in detail

Foreign nationals may hold freehold title in areas designated for foreign ownership. Outside those areas, ownership is restricted to UAE and GCC nationals.

Sources: dlp.dubai.gov.ae, dubailand.gov.ae.

Verified fact sheet

Get the current numbers for SOMA Residences, unit by unit

One reply from an adviser who has priced the current release. No obligation, and we never sell your details.

  • Units released this week, with prices
  • The payment schedule in writing
  • Floor plans, chargeable areas and plot sizes
  • Our score reasoning, factor by factor

Who is behind it

Origami Development

Headquarters
Dubai, United Arab Emirates

Questions buyers ask

Answered from the record, not the brochure

Anything not covered here, an adviser will answer against the same sources.

Ask a question
01Who is the developer of SOMA Residences?

Origami Development, a Dubai developer with no other traceable project. It publishes no website, no portfolio and no leadership detail, and we could not establish a Dubai Land Department developer number for it. SOMA appears to be its first traceable scheme, so there is no completed building anywhere to go and inspect.

02How much does SOMA Residences cost?

Quoted from AED 1.67 million for a one-bedroom of roughly 848 to 1,068 sq ft, which is about AED 1,970 per sq ft at the entry size. That figure appears consistently across two independent listings but is broker marketing rather than a developer price list, because the developer publishes none.

03What is the payment plan?

20 per cent on booking plus the 4 per cent DLD fee, then three instalments of 10 per cent at 13, 18 and 24 months, with the remaining 50 per cent on handover. The 20/30/50 shape is corroborated by two sources; the specific instalment timings come from one. Holding half the price back to handover is the most buyer-favourable feature of this project.

04When does SOMA Residences hand over?

Two sources say Q3 2028 and a third says Q4 2028, and no developer statement exists to settle it. More importantly the project is recorded at planned stage, meaning ground has not been broken, so re-check construction progress before treating any 2028 date as firm.

05What sizes and layouts are available?

One-bedroom apartments of 848 to 1,068 sq ft, two-bedrooms of 1,323 to 2,109 sq ft, a two-bedroom Flexi layout at 1,737 sq ft, three-bedroom apartments at 1,607 sq ft and three-bedroom duplexes of 2,355 to 2,607 sq ft, across 44 homes in an eight-storey building with one basement level.

06Is SOMA Residences a safe purchase?

The product detail is more coherent than most launches of this size, but the developer is undocumented, which is the risk that matters. The practical test is the Dubai Land Department project registration number and the escrow account – ask for both in writing and verify them with the DLD directly rather than through the agent. With a registered, escrowed project the 50 per cent deferred to handover keeps pre-completion exposure contained; without them, the absence is the answer.

07Does SOMA Residences have beach access and a padel court?

Broker material advertises beach access, a spa, a padel court, a kids club and retail, but the register-derived amenity list for the building records a pool and pool deck, a childrenu2019s pool, a gym, a yoga studio, sauna and steam, changing rooms, a lounge, co-working space and a cafe. Treat the extras as marketing until the sale and purchase agreement or approved plans confirm them.

08How do you get to and from Dubai Islands?

There is no metro on the islands. The Green Line runs along the Deira waterfront opposite, with Gold Souq the nearest terminus, and three bridges connect to the mainland through the Al Shindagha Corridor. Nakheel publishes 10km to Dubai International and 15km to Downtown as distances, not drive times.

The short version

What stands out, and what to check

The points for and against, read off the figures set out above. We do not score or rank projects.

What to check7

  • The developer is effectively undocumented. No website, no portfolio, no leadership, no completed building, and no developer registration number established. That is the central risk and no amount of product detail offsets it.
  • Nothing here comes from the developer. Every price, size, date and amenity is broker-sourced, so there is no primary document to hold anyone to.
  • Ground has not been broken. Planned stage against a 2028 handover leaves little slack, and sources already disagree on the quarter.
Show 4 more
  • Entry pricing near AED 1,970 per sq ft is toward the top of the range for an island still under construction, against a developer with no delivery record to justify a premium.
  • The advertised beach access, spa, padel court and kids club are not corroborated by the register-derived amenity list. Do not price them in.
  • No metro on the islands, and bridge access through the Al Shindagha Corridor is the only route out.
  • No escrow account or project registration number established here – the two things that most protect a buyer from exactly this risk profile.

In short

SOMA is a well-specified small building attached to a developer nobody can look up. The product side holds together unusually well for a scheme this size – the price is corroborated twice, the size ladder is coherent, and a 20/30/50 plan with half the money deferred to handover is a structure that protects a buyer rather than the balance sheet. The problem is everything behind it. Origami Development has no website, no named leadership, no other project and nothing built, and the entire public record of this scheme is brokers repeating each other. That is not a reason to dismiss it, but it inverts the usual order of diligence: the building is the easy part to check and the company is the hard part. Before any number is discussed, ask for the DLD project registration number and the escrow account details, and confirm them directly with the Land Department rather than with the agent. If both come back clean, the payment plan means your exposure before handover is 50 per cent on a registered, escrowed project – a defensible position. If either cannot be produced, the answer is already in the room.

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What you get back on SOMA Residences

  • Current availability

    Which units are actually released this week, with prices per unit rather than a “from” figure.

  • Payment schedule in writing

    The split the developer will commit to in the SPA, not the one portals circulate.

  • Floor plans and plot sizes

    Chargeable area, plot dimensions and the layout for each unit type, so you can compare the price per foot like for like.

Independent research, not a broker. No obligation, and we never sell your details. Record last reviewed 15 Sep 2026.

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Where this sits

How we checked this

Sources and verification

3 publishers · 1 document · reviewed 15 Sep 2026

Figures as at September 2026.

SOMA Residences

From AED 1,670,000 · Handover Q3 2028