502, Mediterranean Cluster 49
Sold prices and rental history: sold 4 times, last in August 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 502, Mediterranean Cluster 49
What is 502 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 820 sqft
- Floor
- 5th of 5
- Parking
- nan
- Service charge
- AED 14,400 /yr
- Last sold
- AED 450K · August 2023
- Building
- Mediterranean Cluster 49
About 502, Mediterranean Cluster 49
502 is a one-bedroom apartment of 820 sqft on the 5th floor of Mediterranean Cluster 49, a 5-storey tower in Discovery Gardens. It last sold on 1 August 2023 for AED 450,000, or AED 548 per sqft, 4% above the AED 525 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 May 2024, is AED 53,900 a year: a gross yield of 12.0% on the 2023 price, before the service charge of about AED 14,400 a year.
Sales and rents for 502 over time
502 has sold 4 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 502 sits
All 29 1-beds →502 last sold in August 2023 at AED 548 per sqft, 4% above what one-beds in Mediterranean Cluster 49 were fetching at the time (AED 525). 502's AED 53,900 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 5th floor
All 99 units in Mediterranean Cluster 49| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 838 sqft | AED 580KAED 580,000 · Jul 2023July 2023 | 43,000 /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 |
502, Mediterranean Cluster 49 in numbers
- Sold 4 times: first on 20 June 2013 for AED 595,000, last on 1 August 2023 for AED 450,000 (AED 548 per sqft).
- Rented since November 2013 on 7 Ejari contracts. The rent fell from AED 48,000 to AED 42,550 in 2022 and recovered to AED 53,900 by May 2024.
- At AED 53,900 a year the gross yield on the 2023 price is 12.0%, before a service charge of about AED 14,400 a year (AED 17.61 per sqft).
Source: Dubai Land Department. Updated 1 May 2024.
Questions about 502, Mediterranean Cluster 49
What did unit 502 last sell for?
AED 450,000 on 1 August 2023: AED 548 per sqft for 820 sqft. The unit has 4 registered sales; the first was AED 595,000 in June 2013.
What is the rent for unit 502?
AED 53,900 a year on the contract signed on 1 May 2024. The previous contract, from October 2022, was AED 42,550; the unit has been rented since November 2013.
How big is unit 502?
820 sqft (76.2 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower.
What is unit 502 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 502, Mediterranean Cluster 49
Starts from the last sale price (AED 450K, 1 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →