Edgewater Residences Phase 3 By MGS in Dubai Islands, Dubai

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MGS Development · Dubai Islands, Dubai

Starting price

AED 1,945,300

Enquire

Handover

September 2026

Status

active
DLD construction progress5%

About this project

Edgewater Residences Phase 3 By MGS is an off-plan residential development by MGS Development in Dubai Islands, Dubai. Prices start from AED 1,945,300. The current unit mix includes 1-bedroom homes, 2-bedroom homes, 3-bedroom homes. Dubai Land Department data records construction progress at 5%. Expected handover is September 2026.

What buyers should know

Edgewater Residences Phase 3 By MGS is located in Dubai Islands, Dubai and is developed by MGS Development. Prices start from AED 1,945,300. Dubai Land Department data records construction progress at 5%.

Location

Edgewater Residences Phase 3 By MGS is in Dubai Islands, Dubai. Browse the verified project facts, available home sizes, pricing and construction status before making an enquiry.

Amenities

Landscaped GardensGymnasiumRestaurantsIndoor Swimming PoolCCTV SecurityBarbecue AreaChildren'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 progress5%Under construction
Escrow agentABU DHABI COMMERCIAL BANKHolds buyer payments until handover
Developer licenceCurrentValid to 10 Apr 2027
Expected completion30 Sept 2026328 units registered
Registered sales
145
In the last 12 months
44
Median sold price
AED 2.28M
Median price per sqft
AED 2,627/sqft
Median size sold
846 sqft
First sale
5 Dec 2022
Latest sale
16 Jul 2026
Off-plan vs ready
144 / 1

What has sold here, by size

Every registered sale in Edgewater Residences Phase 3 By MGS, 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/R922.19MAED 1.91M – AED 2.25MAED 2,716/sqft16 Jul 2026
2 B/R342.95MAED 2.72M – AED 3.21MAED 2,427/sqft4 Jun 2026
3 B/R185.15MAED 3.92M – AED 5.63MAED 2,250/sqft5 Nov 2025
Unspecified120.20MAED 20.20M – AED 20.20MAED 697/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 Phase 3 By MGS

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

View Dubai market trends
Median sale price
2.24M
last 12 months
Median price / sqft
AED 2,650/sqft 9.6% vs last year
last 12 months
Transactions
71
last 12 months

Median price / sqft by year

By bedrooms · last 12 months

1 B/R

48 sales

2.22M

Per sqft2,797

2 B/R

20 sales

2.95M

Per sqft2,433

3 B/R

3 sales

6.18M

Per sqft2,914

Recent transactions

DateTypeArea (sqft)PricePrice / sqftSale
Jun 4, 20262 B/R1,261AED 2,999,5432,379Off-plan
May 11, 20261 B/R789AED 2,235,6922,834Off-plan
Apr 28, 20261 B/R846AED 2,238,9142,646Off-plan
Apr 14, 20261 B/R787AED 2,199,6082,797Off-plan
Apr 10, 20261 B/R795AED 2,232,2552,806Off-plan
Apr 1, 20261 B/R849AED 2,234,4882,633Off-plan
Mar 30, 20261 B/R846AED 2,227,9962,633Off-plan
Mar 30, 20261 B/R789AED 2,282,5322,892Off-plan
Mar 23, 20261 B/R789AED 2,187,0912,772Off-plan
Mar 23, 20261 B/R789AED 2,232,3802,829Off-plan
Mar 23, 20261 B/R794AED 2,268,2072,856Off-plan
Mar 3, 20261 B/R784AED 2,191,4802,797Off-plan
Mar 2, 20261 B/R795AED 2,223,2572,795Off-plan
Mar 2, 20261 B/R794AED 2,221,2832,797Off-plan
Mar 2, 20261 B/R772AED 2,235,0562,895Off-plan
Mar 2, 20261 B/R786AED 2,218,0772,821Off-plan
Feb 19, 20261 B/R789AED 2,187,6882,772Off-plan
Feb 16, 20261 B/R793AED 2,218,5732,797Off-plan
Feb 11, 20261 B/R772AED 2,187,5022,834Off-plan
Feb 2, 20261 B/R730AED 2,478,9273,395Off-plan
Jan 28, 20262 B/R1,219AED 2,942,7022,415Off-plan
Jan 22, 20261 B/R849AED 2,233,8702,633Off-plan
Jan 22, 20261 B/R849AED 2,238,2802,638Off-plan
Jan 19, 20261 B/R786AED 2,235,6002,844Off-plan
Jan 5, 20261 B/R793AED 2,236,2102,819Off-plan
Dec 29, 20251 B/R795AED 2,256,9582,839Off-plan
Dec 26, 20251 B/R789AED 2,278,6322,890Off-plan
Dec 15, 20251 B/R703AED 2,833,7094,030Off-plan
Nov 17, 20252 B/R1,136AED 3,210,5402,827Off-plan
Nov 11, 20251 B/R697AED 2,835,1734,065Off-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.