Edgewater Residences Phase 2 By MGS
Dubai · Dubai Islands · Edgewater Residences · Edgewater Residences 2
Listed handover date has passed. Availability and timeline should be confirmed with us before relying on it.
In Dubai Islands, Dubai, Edgewater Residences Phase 2 By MGS is an apartment development by MGS Development. Prices start at AED 1,945,300. Homes are 1 to 3 bedroom apartments, from 645 to 1,533 square feet. The development is under construction, with handover scheduled for Q3 2026. Ownership is freehold.
Key facts
- Handover (past)
- Q3 2026
- Status
- Under construction
- Construction progress
- 21%
- Ownership
- freehold
- Property types
- apartment
- Availability
- Available
How Edgewater Residences Phase 2 By MGS compares
Entry here is AED 1.9M, against a median of AED 1.9M across the 3 priced projects in Edgewater Residences, the highest 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
Option 1
10%
Down payment
50%
During construction
40%
On handover
Available units
| Type | Area (sqft) | Bathrooms | Layouts | Starting price |
|---|---|---|---|---|
| 1 bedroom | 645 | 2 | 1 | AED 1,945,300 |
| 2 bedroom | 1,081 | 3 | 1 | AED 2,623,898 |
| 3 bedroom | 1,533 | 4 | 1 | AED 3,496,209 |
Amenities
- Well-being and Fitness
- Gymnasium
- Restaurants
- Indoor Swimming Pool
- Landscaped Gardens
- Barbecue Area
- Children's Play Area
Location
Edgewater Residences Phase 2 By MGS sits in Dubai Islands.
Distance to landmarks (straight line)
- Dubai International Airport (DXB)8.4 km
- DIFC9.8 km
- Palm Jumeirah26 km
Straight-line distance from the project's coordinates, not a drive time.
Master plan
The developer’s own site plan for Edgewater Residences Phase 2 By MGS, 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, 50% during construction and 40% at handover. At the AED 1,945,300 entry price, that is AED 195,000 to reserve a unit, AED 973,000 across the build, and AED 778,000 due on completion.
Registration with the Dubai Land Department adds 4% of the purchase price, roughly AED 78,000 at this entry price. That 10% booking payment is not paid to MGS Development directly: Dubai's Law 8 of 2007 requires a registered project to hold 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 1,945,300, which works out at AED 3,016 per square foot. Stated sizes run from 645 to 1,533 square feet.
Handover and construction
Handover is scheduled for Q3 2026. Construction was last recorded at 21% complete.
Ownership and residency
Edgewater Residences Phase 2 By MGS is sold freehold, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price sits below the AED 2,000,000 property threshold the 10 year UAE golden visa asks for, though 2 bedroom units here start at AED 2,623,898 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 1,945,300 and 3 bedroom units at AED 3,496,209, so one building covers a first rental purchase and a family home.
What is on site
Edgewater Residences Phase 2 By MGS records well-being and fitness among its shared facilities, alongside the gymnasium, restaurants, indoor swimming pool, landscaped gardens, barbecue area and children's play area that most Dubai developments carry. 3 floor plans are published for it.
Frequently asked
What is the starting price at Edgewater Residences Phase 2 By MGS?+
Edgewater Residences Phase 2 By MGS starts at AED 1,945,300. The cheapest unit with a published size is 645 square feet, which is AED 3,016 per square foot.
When does Edgewater Residences Phase 2 By MGS hand over?+
Edgewater Residences Phase 2 By MGS is scheduled to hand over in Q3 2026, alongside 94 other projects we track in the same quarter.
What is the payment plan at Edgewater Residences Phase 2 By MGS?+
The published plan at Edgewater Residences Phase 2 By MGS is 10% on booking, 50% during construction and 40% at handover, so AED 195,000 reserves a unit at the AED 1,945,300 entry price.
What sizes are available at Edgewater Residences Phase 2 By MGS?+
Edgewater Residences Phase 2 By MGS is apartments in 1 to 3 bedroom layouts, from 645 to 1,533 square feet.
Can a foreign buyer own a home at Edgewater Residences Phase 2 By MGS?+
Edgewater Residences Phase 2 By MGS is freehold, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price is below the AED 2,000,000 threshold for the 10 year UAE golden visa.
Which community is Edgewater Residences Phase 2 By MGS in?+
Edgewater Residences Phase 2 By MGS is in Dubai Islands, Dubai. We track 3 projects in Edgewater Residences.
Who is building Edgewater Residences Phase 2 By MGS?+
Edgewater Residences Phase 2 By MGS is developed by MGS Development, who have 4 projects in our catalogue.
Before you commit
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Related off-plan projects
Others in Edgewater Residences, then more from MGS Development.
Edgewater Residences Phase 2 By MGS is an off-plan development by MGS Development in Dubai Islands, priced from AED 1,945,300. See more MGS Development projects or all 3 off-plan projects in Edgewater Residences. Developer data, verified by our team on 1 Sept 2026. Confirm current details with us before making a decision.