Edgewater Residences By MGS Development

Key facts

Handover (past)

Q3 2026

Status

Ready

Construction progress

16%

Ownership

freehold

Property types

apartment

Availability

Sold out

How Edgewater Residences By MGS Development compares

Entry here is AED 1.1M, against a median of AED 1.9M across the 3 priced projects in Edgewater Residences, the lowest entry price in the community. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. Handover lands in Q3 2026, alongside 94 other projects completing in the same quarter. MGS Development has 4 projects in our catalogue, 3 of them in Edgewater Residences.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Indoor Swimming Pool
• Landscaped Gardens
• CCTV Security
• Gymnasium
• Restaurants
• Children's Play Area

Location

Edgewater Residences By MGS Development sits in Dubai Islands.

Master plan

The developer’s own site plan for Edgewater Residences By MGS Development, showing how the buildings, roads and open space sit together.

What you pay, and when

The payment plan published at launch ran 10% on booking, 50% during construction and 40% at handover. Buying now means a resale from a private owner, on whatever terms the two sides agree.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 59,000 at this resale price. That 10% booking payment does not go to MGS Development directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 747 square feet at AED 1,100,000, which works out at AED 1,473 per square foot. Stated sizes run from 747 to 2,342 square feet.

Handover and construction

The published handover date is Q3 2026. Construction was last recorded at 16% complete.

Ownership and residency

Edgewater Residences By MGS Development is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. The 10 year UAE golden visa has a property threshold of AED 2,000,000, which the cheapest resale listed does not reach, though 2 bedroom units here start at AED 2,000,000 and clear it on their own.

Who it suits

The development is apartments in 1 to 3 bedroom layouts. 1 bedroom units start at AED 1,100,000 and 3 bedroom units at AED 2,600,000, so one building covers a first rental purchase and a family home. The developer has sold out, so anything available here is a resale from a private owner.

What is on site

Edgewater Residences By MGS Development records the standard Dubai block of shared facilities: indoor swimming pool, landscaped gardens, CCTV security, gymnasium, restaurants and children's play area. 3 floor plans are published for it.

Frequently asked