508, Mediterranean Cluster 49
Sold prices and rental history: sold twice, last in February 2016, 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 508, Mediterranean Cluster 49
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 476 sqft
- Floor
- 5th of 5
- Parking
- nan
- Service charge
- AED 8,400 /yr
- Last sold
- AED 460K · February 2016
- Building
- Mediterranean Cluster 49
About 508, Mediterranean Cluster 49
508 is a studio of 476 sqft on the 5th floor of Mediterranean Cluster 49, a 5-storey tower in Discovery Gardens. It last sold on 21 February 2016 for AED 460,000, or AED 966 per sqft, in line with the AED 966 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 1 May 2025, is AED 36,000 a year: a gross yield of 7.8% on the 2016 price, before the service charge of about AED 8,400 a year.
Sales and rents for 508 over time
508 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 508 sits
All 69 studios →508 last sold in February 2016 at AED 966 per sqft, in line with what studios in Mediterranean Cluster 49 were fetching at the time (AED 966). 508's AED 36,000 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 | |
| 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 | |
| 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 |
508, Mediterranean Cluster 49 in numbers
- Sold twice: first on 13 January 2013 for AED 325,000, last on 21 February 2016 for AED 460,000 (AED 966 per sqft).
- Rented since June 2013 on 13 Ejari contracts. The rent fell from AED 33,000 to AED 22,000 in 2021 and recovered to AED 36,000 by May 2025.
- At AED 36,000 a year the gross yield on the 2016 price is 7.8%, before a service charge of about AED 8,400 a year (AED 17.61 per sqft).
Source: Dubai Land Department. Updated 1 May 2025.
Questions about 508, Mediterranean Cluster 49
What did unit 508 last sell for?
AED 460,000 on 21 February 2016: AED 966 per sqft for 476 sqft. The unit has 2 registered sales; the first was AED 325,000 in January 2013.
What is the rent for unit 508?
AED 36,000 a year on the contract renewed on 1 May 2025. The previous contract, from May 2025, was AED 36,000; the unit has been rented since June 2013.
How big is unit 508?
476 sqft (44.2 sqm): a studio on the 5th floor of a 5-storey tower.
What is unit 508 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 508, Mediterranean Cluster 49
Starts from the last sale price (AED 460K, 21 February 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 460,000
- Deposit, UAE resident (20%)
- AED 92,000
- Deposit, non-resident (40%)
- AED 184,000
- Monthly over 25 years at 3.7%
- AED 1,882
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →