516, Mediterranean Cluster 49
Sold prices and rental history: sold twice, last in December 2013, 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 516, Mediterranean Cluster 49
What is 516 worth today?
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Source: Dubai Land Department. Updated 15 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 820 sqft
- Floor
- 5th of 5
- Parking
- nan
- Service charge
- AED 14,400 /yr
- Last sold
- AED 657K · December 2013
- Building
- Mediterranean Cluster 49
About 516, Mediterranean Cluster 49
516 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 16 December 2013 for AED 657,000, or AED 800 per sqft, 30% above the AED 614 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 15 April 2025, is AED 46,475 a year: a gross yield of 7.1% on the 2013 price, before the service charge of about AED 14,400 a year.
Sales and rents for 516 over time
516 has sold twice; 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 516 sits
All 29 1-beds →516 last sold in December 2013 at AED 800 per sqft, 30% above what one-beds in Mediterranean Cluster 49 were fetching at the time (AED 614). 516's AED 46,475 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 | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 838 sqft | AED 580KAED 580,000 · Jul 2023July 2023 | 43,000 /yr | |
| 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 | |
| 517 | 1-bed | 838 sqft | AED 515KAED 515,000 · Jan 2013January 2013 | 70,000 /yr |
516, Mediterranean Cluster 49 in numbers
- Sold twice: first on 16 May 2013 for AED 560,000, last on 16 December 2013 for AED 657,000 (AED 800 per sqft).
- Rented since July 2013 on 11 Ejari contracts. The rent fell from AED 51,000 to AED 27,000 in 2021 and recovered to AED 46,475 by April 2025.
- At AED 46,475 a year the gross yield on the 2013 price is 7.1%, before a service charge of about AED 14,400 a year (AED 17.61 per sqft).
Source: Dubai Land Department. Updated 15 April 2025.
Questions about 516, Mediterranean Cluster 49
What did unit 516 last sell for?
AED 657,000 on 16 December 2013: AED 800 per sqft for 820 sqft. The unit has 2 registered sales; the first was AED 560,000 in May 2013.
What is the rent for unit 516?
AED 46,475 a year on the contract renewed on 15 April 2025. The previous contract, from April 2024, was AED 42,250; the unit has been rented since July 2013.
How big is unit 516?
820 sqft (76.2 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower.
What is unit 516 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 516, Mediterranean Cluster 49
Starts from the last sale price (AED 657K, 16 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 657,000
- Deposit, UAE resident (20%)
- AED 131,400
- Deposit, non-resident (40%)
- AED 262,800
- Monthly over 25 years at 3.7%
- AED 2,688
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →