506, Mediterranean Cluster 49
Sold prices and rental history: sold twice, last in March 2014, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Mediterranean Cluster 49
What is 506 worth today?
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Source: Dubai Land Department. Updated 1 June 2024.
Key facts
- Type
- Studio apartment
- Size
- 460 sqft
- Floor
- 5th of 5
- Parking
- nan
- Service charge
- AED 8,100 /yr
- Last sold
- AED 495K · March 2014
- Building
- Mediterranean Cluster 49
About 506, Mediterranean Cluster 49
506 is a studio of 460 sqft on the 5th floor of Mediterranean Cluster 49, a 5-storey tower in Discovery Gardens. It last sold on 31 March 2014 for AED 495,000, or AED 1,076 per sqft, 11% above the AED 966 studios in the building were fetching at the time.
It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 1 June 2024, is AED 45,000 a year: a gross yield of 9.1% on the 2014 price, before the service charge of about AED 8,100 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the studio median of each year in the building.
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 506 sits
All 69 studios →506 last sold in March 2014 at AED 1,076 per sqft, 11% above what studios in Mediterranean Cluster 49 were fetching at the time (AED 966). 506's AED 45,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Sep 202529 September 2025 | 486 sqft | 525,000 | 1,079 | ||
| 4 Jun 20254 June 2025 | 476 sqft | 515,000 | 1,082 | ||
| 27 May 202527 May 2025 | 476 sqft | 510,000 | 1,071 | ||
| 22 May 202522 May 2025 | 528 sqft | 535,000 | 1,014 |
Mediterranean Cluster 49
Building99 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%
Other units on the 5th floor
All 99 units in Mediterranean Cluster 49| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 838 sqft | AED 745KAED 745,000 · Oct 2026October 2026 | 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 | 46,000 /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 | 42,000 /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 | 43,000 /yr | |
| 514 | Studio | 528 sqft | AED 335KAED 335,000 · Feb 2013February 2013 | 42,000 /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 780KAED 780,000 · May 2026May 2026 | 56,999 /yr |
506, Mediterranean Cluster 49 in numbers
- Sold twice: first on 13 January 2013 for AED 325,000, last on 31 March 2014 for AED 495,000 (AED 1,076 per sqft).
- Rented since May 2012 on 11 Ejari contracts. The rent fell from AED 27,500 to AED 20,000 in 2021 and recovered to AED 45,000 by June 2024.
- At AED 45,000 a year the gross yield on the 2014 price is 9.1%, before a service charge of about AED 8,100 a year (AED 17.61 per sqft).
Source: Dubai Land Department. Updated 1 June 2024.
Questions about 506, Mediterranean Cluster 49
What did unit 506 last sell for?
AED 495,000 on 31 March 2014: AED 1,076 per sqft for 460 sqft. The unit has 2 registered sales; the first was AED 325,000 in January 2013.
What is the rent for unit 506?
AED 45,000 a year on the contract signed on 1 June 2024. The previous contract, from September 2023, was AED 31,212; the unit has been rented since May 2012.
How big is unit 506?
460 sqft (42.7 sqm): a studio on the 5th floor of a 5-storey tower.
What is unit 506 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 506, Mediterranean Cluster 49
Starts from the last sale price (AED 495K, 31 March 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 495,000
- Deposit, UAE resident (20%)
- AED 99,000
- Deposit, non-resident (40%)
- AED 198,000
- Monthly over 25 years at 3.7%
- AED 2,025
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →