Edgewater Residences By MGS Development in Dubai Islands, Dubai

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MGS Development · Dubai Islands, Dubai

Starting price

AED 1,100,000

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Handover

July 2026

Status

active
DLD construction progress9%

About this project

Edgewater Residences By MGS Development is an off-plan residential development by MGS Development in Dubai Islands, Dubai. Prices start from AED 1,100,000. The current unit mix includes 1-bedroom homes, 2-bedroom homes, 3-bedroom homes. Dubai Land Department data records construction progress at 9%. Expected handover is July 2026.

What buyers should know

Edgewater Residences By MGS Development is located in Dubai Islands, Dubai and is developed by MGS Development. Prices start from AED 1,100,000. Dubai Land Department data records construction progress at 9%.

Location

Edgewater Residences By MGS Development is in Dubai Islands, Dubai. Browse the verified project facts, available home sizes, pricing and construction status before making an enquiry.

Amenities

Indoor Swimming PoolLandscaped GardensCCTV SecurityGymnasiumRestaurantsChildren's Play Area

Payment plan

  • 10/50/40

Project brochures

Developer material with specifications, amenities and payment-plan details.

Project brochureOpen PDF in a new tab

The official record

Registered with the Dubai Land Department — construction progress, escrow and sales history are the government's figures, not the developer's.

Construction progress9%Under construction
Escrow agentABU DHABI COMMERCIAL BANKHolds buyer payments until handover
Developer licenceCurrentValid to 10 Apr 2027
Expected completion—79 units registered
Registered sales
71
In the last 12 months
6
Median sold price
AED 2.22M
Median price per sqft
AED 2,024/sqft
Median size sold
1,070 sqft
First sale
5 Dec 2022
Latest sale
17 Aug 2026
Off-plan vs ready
70 / 1

What has sold here, by size

Every registered sale in Edgewater Residences By MGS Development, not a window — an individual project can trade rarely, and three sales over two years is better evidence than none.

SizeSalesMedian priceTypical rangePrice/sqftLatest
1 B/R251.40MAED 1.19M – AED 1.65MAED 2,175/sqft17 Aug 2026
2 B/R232.25MAED 2.13M – AED 2.28MAED 2,017/sqft14 Jul 2026
3 B/R222.69MAED 2.64M – AED 2.84MAED 1,918/sqft27 Nov 2024
Unspecified119.94MAED 19.94M – AED 19.94MAED 717/sqft5 Dec 2022
Market data for Palm DeiraM G S DEVELOPMENT L.L.C's full recordEvery sale in this project

Transactions at Edgewater Residences By MGS Development

68 sales recorded at this project in Dubai Land Department data, to Jul 2026.

View Dubai market trends
Median sale price
1.39M
last 12 months
Median price / sqft
AED 2,416/sqft 15.5% vs last year
last 12 months
Transactions
4
last 12 months

Median price / sqft by year

By bedrooms · last 12 months

1 B/R

3 sales

1.38M

Per sqft2,504

Recent transactions

DateTypeArea (sqft)PricePrice / sqftSale
Feb 2, 20262 B/R1,063AED 2,250,0002,116Off-plan
Dec 24, 20251 B/R548AED 1,275,0002,329Off-plan
Dec 17, 20251 B/R551AED 1,380,0002,504Off-plan
Dec 15, 20251 B/R548AED 1,400,0002,557Off-plan
Dec 12, 20242 B/R1,128AED 2,259,9222,004Off-plan
Dec 9, 20241 B/R747AED 1,649,6802,207Off-plan
Nov 27, 20243 B/R1,365AED 2,795,6812,048Off-plan
Nov 25, 20243 B/R1,365AED 2,640,1631,934Off-plan
Nov 25, 20243 B/R1,365AED 2,447,2821,792Off-plan
Nov 22, 20242 B/R1,125AED 2,118,7191,884Off-plan
Nov 22, 20242 B/R1,051AED 2,098,2831,997Off-plan
Nov 20, 20243 B/R1,489AED 2,853,5591,916Off-plan
Nov 15, 20242 B/R1,051AED 2,221,5012,114Off-plan
Nov 15, 20243 B/R1,413AED 2,700,4141,911Off-plan
Nov 15, 20243 B/R1,413AED 2,526,1461,788Off-plan
Nov 15, 20243 B/R1,379AED 2,460,8371,785Off-plan
Nov 15, 20243 B/R1,489AED 2,670,1031,793Off-plan
Nov 12, 20243 B/R1,379AED 2,630,1361,908Off-plan
Nov 11, 20242 B/R1,063AED 2,154,7612,026Off-plan
Nov 11, 20243 B/R1,365AED 2,615,7161,916Off-plan
Nov 11, 20243 B/R1,379AED 2,642,3591,917Off-plan
Oct 8, 20243 B/R1,379AED 2,654,5831,926Off-plan
Oct 7, 20241 B/R747AED 1,641,6652,197Off-plan
Oct 3, 20243 B/R1,365AED 2,652,3861,943Off-plan
Oct 1, 20243 B/R1,379AED 2,666,8061,934Off-plan
Sep 30, 20241 B/R747AED 1,657,2212,217Off-plan
Sep 30, 20241 B/R548AED 1,212,8842,215Off-plan
Sep 20, 20241 B/R747AED 1,664,7622,227Off-plan
Sep 17, 20242 B/R1,063AED 2,114,5131,988Off-plan
Sep 17, 20242 B/R1,051AED 2,138,5302,035Off-plan

Source: Dubai Land Department transaction records for this project. Figures are historical transacted prices — market context, not a valuation of any specific unit.

Price insights · Palm Deira

Median sale prices from Dubai Land Department transactions over the last 12 months, to Jul 2026.

View Dubai market trends
All residential
2.80M

median sale price

Per sqftAED 2,668/sqft
Transactions5,232
Apartments
2.80M

median sale price

Per sqftAED 2,668/sqft
Transactions5,232

Source: Dubai Land Department open data. Area medians are market context for Palm Deira, not a valuation of this specific project.