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Studio · 486 sqftMediterranean Cluster 49, Discovery Gardens · 4th floor

403, Mediterranean Cluster 49

Sold prices and rental history: sold twice, last in April 2017, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 20 October 2017
Last soldAED 525K25 April 2017
Current rentAED 42K /yr20 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 403, Mediterranean Cluster 49

What is 403 worth today?

Last sold for AED 525,000 in 2017

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20 Oct 2017RentedNew contract
AED 42,000/yr12 months · AED 87 per sqft
25 Apr 2017SoldReady
AED 525,000AED 1,079 per sqft
1 Apr 2016RentedRenewal
AED 51,500/yr12 months · AED 106 per sqft
1 Apr 2015RentedNew contract
AED 51,500/yr12 months · AED 106 per sqft
10 Jan 2013Sold by developerReady
AED 337,000AED 693 per sqft

Source: Dubai Land Department. Updated 20 October 2017.

Key facts

Type
Studio apartment
Size
486 sqft
Floor
4th of 5
Parking
nan
Service charge
AED 8,600 /yr
Last sold
AED 525K · April 2017
Building
Mediterranean Cluster 49

About 403, Mediterranean Cluster 49

403 is a studio of 486 sqft on the 4th floor of Mediterranean Cluster 49, a 5-storey tower in Discovery Gardens. It last sold on 25 April 2017 for AED 525,000, or AED 1,079 per sqft, 4% above the AED 1,042 studios in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 20 October 2017, is AED 42,000 a year: a gross yield of 8.0% on the 2017 price, before the service charge of about AED 8,600 a year.

Sales and rents for 403 over time

Sales
Unit 403, each saleTypical studio in Mediterranean Cluster 49
300K400K500K2013201720212025Typical sale price by year: 2013 AED 330,000; 2014 AED 497,500; 2015 AED 470,000; 2016 AED 483,500; 2017 AED 510,000; 2018 AED 380,000; 2019 AED 320,000; 2023 AED 375,000; 2024 AED 460,000; 2025 AED 515,000Sold by developer, January 2013: AED 337,000 (AED 693 per sqft)Sold, April 2017: AED 525,000 (AED 1,079 per sqft)

403 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 403, each contractTypical studio in Mediterranean Cluster 49
20K40K2012201620202024Typical rent by year: 2012 AED 32,000; 2013 AED 35,500; 2014 AED 42,000; 2015 AED 47,500; 2016 AED 46,727; 2017 AED 43,500; 2018 AED 35,000; 2019 AED 30,000; 2020 AED 25,000; 2021 AED 22,000; 2022 AED 26,000; 2023 AED 31,000; 2024 AED 40,000; 2025 AED 44,000; 2026 AED 44,000New contract, April 2015: AED 51,500 a yearRenewal, April 2016: AED 51,500 a yearNew contract, October 2017: AED 42,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Mediterranean Cluster 49, and where 403 sits

All 69 studios →

403 last sold in April 2017 at AED 1,079 per sqft, 4% above what studios in Mediterranean Cluster 49 were fetching at the time (AED 1,042). 403's AED 42,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Sep 2025525,000
4 Jun 2025515,000
27 May 2025510,000
22 May 2025535,000
0 studio sales in the last 12 months

Mediterranean Cluster 49

Building

99 apartments, studios to 1-bed over 5 floors in Discovery Gardens. 3 sold in the last 12 months.

Typical price per sqft
AED 902
Typical sale
AED 745K
Typical rent
AED 47K /yr
Typical yield
9.9%
Mediterranean Cluster 49, Discovery Gardens: prices, sales and rents →

Other units on the 4th floor

All 99 units in Mediterranean Cluster 49
Value
4011-bedAED 495K · Jan 2013
4021-bedAED 450K · Jan 2013
404StudioAED 495K · Nov 2024
405StudioAED 495K · Mar 2017
406StudioAED 410K · Nov 2023
407StudioAED 415K · Nov 2023
408StudioAED 435K · Jun 2013
1–7 of 16

403, Mediterranean Cluster 49 in numbers

  • Sold twice: first on 10 January 2013 for AED 337,000, last on 25 April 2017 for AED 525,000 (AED 1,079 per sqft).
  • Rented since April 2015 on 3 Ejari contracts, from AED 51,500 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2017 price is 8.0%, before a service charge of about AED 8,600 a year (AED 17.61 per sqft).

Source: Dubai Land Department. Updated 20 October 2017.

Questions about 403, Mediterranean Cluster 49

What did unit 403 last sell for?

AED 525,000 on 25 April 2017: AED 1,079 per sqft for 486 sqft. The unit has 2 registered sales; the first was AED 337,000 in January 2013.

What is the rent for unit 403?

AED 42,000 a year on the contract signed on 20 October 2017. The previous contract, from April 2016, was AED 51,500; the unit has been rented since April 2015.

How big is unit 403?

486 sqft (45.2 sqm): a studio on the 4th floor of a 5-storey tower.

What is unit 403 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 403, Mediterranean Cluster 49

Starts from the last sale price (AED 525K, 25 April 2017). 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 →