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Studio · 486 sqftMediterranean Cluster 49, Discovery Gardens · 5th floor

515, Mediterranean Cluster 49

Sold prices and rental history: sold 3 times, last in February 2015, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 15 October 2022
Last soldAED 258K4 February 2015
Current rentAED 33K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Mediterranean Cluster 49

What is 515 worth today?

Last sold for AED 257,500 in 2015

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15 Oct 2022RentedRenewal
AED 33,000/yr12 months · AED 68 per sqft
15 Oct 2021RentedNew contract
AED 27,000/yr12 months · AED 56 per sqft
12 Oct 2020RentedNew contract
AED 23,000/yr12 months · AED 47 per sqft
21 Jun 2019RentedNew contract
AED 34,000/yr12 months · AED 70 per sqft
24 May 2018RentedNew contract
AED 40,000/yr12 months · AED 83 per sqft
1 May 2017RentedNew contract
AED 54,000/yr12 months · AED 111 per sqft
1 May 2015RentedNew contract
AED 54,000/yr12 months · AED 111 per sqft
4 Feb 2015SoldReady
AED 257,500AED 529 per sqft

Source: Dubai Land Department. Updated 15 October 2022.

Key facts

Type
Studio apartment
Size
486 sqft
Floor
5th of 5
Parking
nan
Service charge
AED 8,600 /yr
Last sold
AED 258K · February 2015
Building
Mediterranean Cluster 49

About 515, Mediterranean Cluster 49

515 is a studio of 486 sqft on the 5th floor of Mediterranean Cluster 49, a 5-storey tower in Discovery Gardens. It last sold on 4 February 2015 for AED 257,500, or AED 529 per sqft, 51% below the AED 1,073 studios in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 15 October 2022, is AED 33,000 a year: a gross yield of 12.8% on the 2015 price, before the service charge of about AED 8,600 a year.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical studio in Mediterranean Cluster 49
400K2013201720212025Typical 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, March 2013: AED 380,000 (AED 781 per sqft)Sold, September 2013: AED 470,000 (AED 966 per sqft)Sold, February 2015: AED 257,500 (AED 529 per sqft)

515 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 515, 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, September 2012: AED 33,000 a yearNew contract, May 2014: AED 54,000 a yearNew contract, May 2015: AED 54,000 a yearNew contract, May 2017: AED 54,000 a yearNew contract, May 2018: AED 40,000 a yearNew contract, June 2019: AED 34,000 a yearNew contract, October 2020: AED 23,000 a yearNew contract, October 2021: AED 27,000 a yearRenewal, October 2022: AED 33,000 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 515 sits

All 69 studios →

515 last sold in February 2015 at AED 529 per sqft, 51% below what studios in Mediterranean Cluster 49 were fetching at the time (AED 1,073). 515's AED 33,000 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 5th floor

All 99 units in Mediterranean Cluster 49
Value
5011-bedAED 745K · Oct 2026
5021-bedAED 450K · Aug 2023
503StudioAED 250K · Jan 2013
504StudioAED 330K · Jan 2013
505StudioAED 335K · Mar 2013
506StudioAED 495K · Mar 2014
507StudioAED 485K · Nov 2017
1–7 of 16

515, Mediterranean Cluster 49 in numbers

  • Sold 3 times: first on 19 March 2013 for AED 380,000, last on 4 February 2015 for AED 257,500 (AED 529 per sqft).
  • Rented since September 2012 on 9 Ejari contracts. The rent fell from AED 33,000 to AED 23,000 in 2020 and recovered to AED 33,000 by October 2022.
  • At AED 33,000 a year the gross yield on the 2015 price is 12.8%, before a service charge of about AED 8,600 a year (AED 17.61 per sqft).

Source: Dubai Land Department. Updated 15 October 2022.

Questions about 515, Mediterranean Cluster 49

What did unit 515 last sell for?

AED 257,500 on 4 February 2015: AED 529 per sqft for 486 sqft. The unit has 3 registered sales; the first was AED 380,000 in March 2013.

What is the rent for unit 515?

AED 33,000 a year on the contract renewed on 15 October 2022. The previous contract, from October 2021, was AED 27,000; the unit has been rented since September 2012.

How big is unit 515?

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

What is unit 515 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 515, Mediterranean Cluster 49

Starts from the last sale price (AED 258K, 4 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 257,500
Deposit, UAE resident (20%)
AED 51,500
Deposit, non-resident (40%)
AED 103,000
Monthly over 25 years at 3.7%
AED 1,054

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →