Edgewater Residences 1, 2 and 3

Key facts

Handover

Q4 2026

Status

Under construction

Construction progress

28%

Property types

Apartments, Penthouse

Availability

Available

How Edgewater Residences 1, 2 and 3 compares

Entry here is AED 2.2M, against a median of AED 2.5M across the 67 priced projects in Dubai Islands, which puts it above 18 of them and below 48. The plan opens at 10% down, against a Dubai median of 20%, so it asks 10% less up front than the typical plan. Handover lands in Q4 2026, alongside 152 other projects completing in the same quarter.

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

• Kids Play Area
• Outdoor Walking Area
• Yoga Space
• ⁠Table Tennis
• Outdoor Resting Zone
• Gym
• Rest Zone
• Padel Court
• Jogging Track
• Swimming Pool

Location

Edgewater Residences 1, 2 and 3 sits in Dubai Islands.

Master plan

The developer’s own site plan for Edgewater Residences 1, 2 and 3, showing how the buildings, roads and open space sit together.

What you pay, and when

The payment plan published for it runs 10% on booking, 25% during construction and 65% at handover. At the AED 2,178,736 entry price, that is AED 218,000 to reserve a unit, AED 545,000 across the build, and AED 1,416,000 due on completion.

Registration with the Dubai Land Department adds 4% of the purchase price, roughly AED 87,000 at this entry 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 645 square feet at AED 2,178,736, which works out at AED 3,378 per square foot. Stated sizes run from 645 to 4,826 square feet.

Handover and construction

The published handover date is Q4 2026. Construction was last recorded at 28% complete.

Ownership and residency

The 10 year UAE golden visa has a property threshold of AED 2,000,000, and the entry price is at or above it, so the cheapest unit in the development qualifies on its own.

Who it suits

The development is Apartments and Penthouse in 1 to 3 bedroom layouts. 1 bedroom units start at AED 2,178,736 and 3 bedroom units at AED 3,915,754, so one building covers a first rental purchase and a family home.

What is on site

Shared facilities recorded for Edgewater Residences 1, 2 and 3 include kids play area, outdoor walking area, yoga space, ⁠table tennis, outdoor resting zone, gym, rest zone and padel court. 2 further facilities are listed in the full spec. The development is 185 units in total. 102 floor plans are published for it.

Frequently asked