501, Mediterranean Cluster 49
Sold prices and rental history: sold 5 times, last in July 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Mediterranean Cluster 49
What is 501 worth today?
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Source: Dubai Land Department. Updated 14 July 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 838 sqft
- Floor
- 5th of 5
- Parking
- nan
- Service charge
- AED 14,800 /yr
- Last sold
- AED 580K · July 2023
- Building
- Mediterranean Cluster 49
About 501, Mediterranean Cluster 49
501 is a one-bedroom apartment of 838 sqft on the 5th floor of Mediterranean Cluster 49, a 5-storey tower in Discovery Gardens. It last sold on 14 July 2023 for AED 580,000, or AED 692 per sqft, 32% above the AED 523 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 28 September 2022, is AED 43,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 14,800 a year.
Sales and rents for 501 over time
501 has sold 5 times; 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 501 sits
All 29 1-beds →501 last sold in July 2023 at AED 692 per sqft, 32% above what one-beds in Mediterranean Cluster 49 were fetching at the time (AED 523). 501's AED 43,000 is at the bottom 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 5th floor
All 99 units in Mediterranean Cluster 49| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 820 sqft | AED 450KAED 450,000 · Aug 2023August 2023 | 53,900 /yr | |
| 503 | Studio | 486 sqft | AED 250KAED 250,000 · Jan 2013January 2013 | 50,000 /yr | |
| 504 | Studio | 528 sqft | AED 330KAED 330,000 · Jan 2013January 2013 | 51,000 /yr | |
| 505 | Studio | 460 sqft | AED 335KAED 335,000 · Mar 2013March 2013 | 30,000 /yr | |
| 506 | Studio | 460 sqft | AED 495KAED 495,000 · Mar 2014March 2014 | 45,000 /yr | |
| 507 | Studio | 476 sqft | AED 485KAED 485,000 · Nov 2017November 2017 | 33,000 /yr | |
| 508 | Studio | 476 sqft | AED 460KAED 460,000 · Feb 2016February 2016 | 36,000 /yr | |
| 509 | 1-bed | 800 sqft | AED 560KAED 560,000 · Apr 2013April 2013 | 52,000 /yr | |
| 510 | Studio | 476 sqft | AED 510KAED 510,000 · May 2025May 2025 | 46,000 /yr | |
| 511 | Studio | 476 sqft | AED 480KAED 480,000 · Apr 2016April 2016 | 42,000 /yr | |
| 512 | Studio | 460 sqft | AED 380KAED 380,000 · Sep 2018September 2018 | 33,674 /yr | |
| 513 | Studio | 460 sqft | AED 337KAED 337,000 · Feb 2013February 2013 | 45,000 /yr | |
| 514 | Studio | 528 sqft | AED 335KAED 335,000 · Feb 2013February 2013 | 22,000 /yr | |
| 515 | Studio | 486 sqft | AED 258KAED 257,500 · Feb 2015February 2015 | 33,000 /yr | |
| 516 | 1-bed | 820 sqft | AED 657KAED 657,000 · Dec 2013December 2013 | 46,475 /yr | |
| 517 | 1-bed | 838 sqft | AED 515KAED 515,000 · Jan 2013January 2013 | 70,000 /yr |
501, Mediterranean Cluster 49 in numbers
- Sold 5 times: first on 10 January 2013 for AED 495,000, last on 14 July 2023 for AED 580,000 (AED 692 per sqft).
- Rented since November 2013 on 9 Ejari contracts. The rent fell from AED 45,000 to AED 37,000 in 2021 and recovered to AED 43,000 by September 2022.
- At AED 43,000 a year the gross yield on the 2023 price is 7.4%, before a service charge of about AED 14,800 a year (AED 17.61 per sqft).
Source: Dubai Land Department. Updated 14 July 2023.
Questions about 501, Mediterranean Cluster 49
What did unit 501 last sell for?
AED 580,000 on 14 July 2023: AED 692 per sqft for 838 sqft. The unit has 5 registered sales; the first was AED 495,000 in January 2013.
What is the rent for unit 501?
AED 43,000 a year on the contract signed on 28 September 2022. The previous contract, from August 2021, was AED 37,000; the unit has been rented since November 2013.
How big is unit 501?
838 sqft (77.9 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower.
What is unit 501 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 501, Mediterranean Cluster 49
Starts from the last sale price (AED 580K, 14 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 580,000
- Deposit, UAE resident (20%)
- AED 116,000
- Deposit, non-resident (40%)
- AED 232,000
- Monthly over 25 years at 3.7%
- AED 2,373
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →