116, Mediterranean Cluster 49
Sold prices and rental history: sold once, by the developer in March 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, Mediterranean Cluster 49
What is 116 worth today?
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Source: Dubai Land Department. Updated 22 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 820 sqft
- Floor
- 1st of 5
- Parking
- nan
- Service charge
- AED 14,400 /yr
- Last sold
- AED 525K · March 2013
- Building
- Mediterranean Cluster 49
About 116, Mediterranean Cluster 49
116 is a one-bedroom apartment of 820 sqft on the 1st floor of Mediterranean Cluster 49, a 5-storey tower in Discovery Gardens. The developer sold it on 10 March 2013 for AED 525,000, or AED 639 per sqft, 15% above the AED 557 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 22 July 2024, is AED 52,800 a year: a gross yield of 10.1% on the 2013 price, before the service charge of about AED 14,400 a year.
Sales and rents for 116 over time
116 has sold once; 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 Mediterranean Cluster 49, and where 116 sits
All 29 1-beds →116 last sold in March 2013 at AED 639 per sqft, 15% above what one-beds in Mediterranean Cluster 49 were fetching at the time (AED 557). 116's AED 52,800 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Jun 202519 June 2025 | 800 sqft | 710,000 | 887 | ||
| 30 Apr 202530 April 2025 | 838 sqft | 745,000 | 888 | ||
| 14 Mar 202514 March 2025 | 800 sqft | 690,000 | 862 | ||
| 11 Oct 202411 October 2024 | 838 sqft | 600,000 | 715 |
Mediterranean Cluster 49
Building99 apartments, studios to 1-bed over 5 floors in Discovery Gardens. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 48K /yr
- Typical yield
Other units on the 1st floor
All 99 units in Mediterranean Cluster 49| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 838 sqft | AED 390KAED 390,000 · May 2022May 2022 | 45,000 /yr | |
| 102 | 1-bed | 820 sqft | AED 600KAED 600,000 · May 2024May 2024 | 37,400 /yr | |
| 103 | Studio | 486 sqft | AED 215KAED 215,000 · Sep 2018September 2018 | 44,000 /yr | |
| 104 | Studio | 528 sqft | AED 380KAED 380,000 · Feb 2013February 2013 | 33,396 /yr | |
| 105 | Studio | 466 sqft | AED 505KAED 505,000 · Feb 2014February 2014 | 44,000 /yr | |
| 106 | Studio | 465 sqft | AED 335KAED 335,000 · Mar 2013March 2013 | 24,000 /yr | |
| 107 | Studio | 476 sqft | AED 510KAED 510,000 · Jun 2017June 2017 | 40,000 /yr | |
| 108 | Studio | 476 sqft | AED 480KAED 480,000 · Feb 2025February 2025 | 42,000 /yr | |
| 109 | 1-bed | 800 sqft | AED 560KAED 560,000 · Apr 2013April 2013 | 62,000 /yr | |
| 110 | Studio | 476 sqft | AED 475KAED 475,000 · Mar 2025March 2025 | 45,000 /yr | |
| 111 | Studio | 476 sqft | AED 420KAED 420,000 · Jul 2016July 2016 | 37,000 /yr | |
| 112 | Studio | 465 sqft | AED 330KAED 330,000 · Apr 2023April 2023 | 24,000 /yr | |
| 113 | Studio | 466 sqft | AED 460KAED 460,000 · Aug 2024August 2024 | 27,600 /yr | |
| 114 | Studio | 528 sqft | AED 380KAED 380,000 · Feb 2013February 2013 | 34,099 /yr | |
| 115 | Studio | 486 sqft | AED 335KAED 335,000 · Sep 2019September 2019 | 34,626 /yr | |
| 117 | 1-bed | 838 sqft | AED 460KAED 460,000 · Mar 2013March 2013 | 56,900 /yr |
116, Mediterranean Cluster 49 in numbers
- Sold once: by the developer on 10 March 2013 for AED 525,000, or AED 639 per sqft.
- Rented since May 2016 on 7 Ejari contracts. The rent fell from AED 58,600 to AED 36,000 in 2021 and recovered to AED 52,800 by July 2024.
- At AED 52,800 a year the gross yield on the 2013 price is 10.1%, before a service charge of about AED 14,400 a year (AED 17.61 per sqft).
Source: Dubai Land Department. Updated 22 July 2024.
Questions about 116, Mediterranean Cluster 49
What did unit 116 last sell for?
AED 525,000 on 10 March 2013, sold by the developer: AED 639 per sqft for 820 sqft. It is the only registered sale of the unit.
What is the rent for unit 116?
AED 52,800 a year on the contract renewed on 22 July 2024. The previous contract, from July 2023, was AED 48,000; the unit has been rented since May 2016.
How big is unit 116?
820 sqft (76.2 sqm): a one-bedroom apartment on the 1st floor of a 5-storey tower.
What is unit 116 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 116, Mediterranean Cluster 49
Starts from the last sale price (AED 525K, 10 March 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 525,000
- Deposit, UAE resident (20%)
- AED 105,000
- Deposit, non-resident (40%)
- AED 210,000
- Monthly over 25 years at 3.7%
- AED 2,148
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →