New homes in Edgewater Residences start at AED 1,100,000; the keys were due Sep 2026; you pay 10% to book, 50% while it is built and 40% at the keys.
In the 12 months to Oct 19, 2026, Dubai Land Department recorded 42 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in Dubai Islands. Their median price is AED 2,878 per sq ft (about AED 1,425,000 at 495 sq ft). This project's from price is AED 2,222 per sq ft (AED 1,100,000 for its smallest home, 495 sq ft), 23% less.
Keys
Sep 2026
The developer's handover date. It has passed and may be out of date, so ask us for the current one.
Payment plan
10 / 50 / 40
10% to book, 50% while it is built, 40% at the keys
Bedrooms
1 to 3 beds
Sizes
495 to 2,342 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 2,222 per sq ft
Similar off-plan homes: AED 2,878 per sq ft
RERA project
2930
Check it in Dubai REST, the Dubai Land Department's official app.
Built
9%
Being built. DLD register, Jun 12, 2026
Escrow account
بنك ابوظبى التجارى
The bank that holds your payments
Registered homes
79
In 1 buildings
Paying for it
You pay 10% when you book, 50% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
When you book
Booking
10%
AED 110,000
As it is built
While it is built
50%
AED 550,000
At the keys (Sep 2026)
Keys
40%
AED 440,000
Booking payment, 10%
AED 110,000
Dubai Land Department fee (Oqood), 4%
AED 44,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 154,000
The handover date (Sep 2026) is too close or already past to estimate the dates. Ask us for the developer's current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask MGS Development for the estimate.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 42 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in Dubai Islands, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in Edgewater Residences sold in 24 months, so we compare with off-plan sales across Dubai Islands.
Dubai Land Department recorded 42 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in Dubai Islands, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,878 per sq ft
AED 1,671 to AED 1,888 per sq ft
2 sales
AED 1,888 to AED 2,105 per sq ft
2 sales
AED 2,105 to AED 2,322 per sq ft
0 sales
This project's from price is in this band.
AED 2,322 to AED 2,539 per sq ft
7 sales
AED 2,539 to AED 2,756 per sq ft
5 sales
AED 2,756 to AED 2,972 per sq ft
7 sales
AED 2,972 to AED 3,189 per sq ft
13 sales
AED 3,189 to AED 3,406 per sq ft
6 sales
AED 1,671 per sq ftAED 3,406 per sq ft
This project AED 2,222 per sq ft
Half of the sales sold for AED 2,517 to AED 3,133 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,671 to AED 1,888 per sq ft
2
AED 1,888 to AED 2,105 per sq ft
2
AED 2,105 to AED 2,322 per sq ft
0
AED 2,322 to AED 2,539 per sq ft
7
AED 2,539 to AED 2,756 per sq ft
5
AED 2,756 to AED 2,972 per sq ft
7
AED 2,972 to AED 3,189 per sq ft
13
AED 3,189 to AED 3,406 per sq ft
6
The 3 closest sales
Picked from the 42 similar sales above, closest in size to this project's smallest home.
Aug 2026AED 1,667,828AED 3,406 per sq ftELLINGTON SANDS I - TOWER A, 490 sq ft
Mar 2026AED 1,594,828AED 3,257 per sq ftELLINGTON SANDS I - TOWER A, 490 sq ft
Feb 2026AED 1,502,828AED 3,069 per sq ftELLINGTON SANDS I - TOWER A, 490 sq ft
Sale prices from Dubai Land Department, Oct 20, 2025 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Dubai Islands in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
1-bed apartmentFrom AED 1,100,000 here
Off-plan medianAED 2,334,000AED 2,781 per sq ft
Sales2,196
23% below 42 similar sales
2-bed apartment
Off-plan medianAED 3,499,000AED 2,716 per sq ft
Sales1,972
3-bed apartment
Off-plan medianAED 5,593,000AED 2,829 per sq ft
Sales576
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
About Edgewater Residences
Edgewater Residences is an MGS Development apartment building on Dubai Islands, with 1- to 3-bedroom homes from AED 1,100,000 and handover listed for September 2026. That date has passed, so ask for the current status and completion certificate; the price check puts the from price per square foot 23% below 42 similar sales on Dubai Islands over the 12 months to October 2026.
Start with the handover date. The listed handover was September 2026, so it may be out of date; ask the developer for the current status and the completion certificate. Also ask MGS Development when keys will be handed over.
On price, the price check puts the from price per square foot 23% below 42 similar sales on Dubai Islands over the 12 months to October 2026. Ask which unit and size the from price buys.
The plan is 10% on booking, 50% during construction and 40% on handover. At the from price that is AED 110,000 on booking, AED 550,000 during construction and AED 440,000 on handover. The 4% DLD fee comes to AED 44,000.
The building has 12 residential floors above a ground floor and two podium levels. The listing gives sizes of 495 to 2,342 sq ft, while other figures give 747 sq ft for one bedroom, 2,342 sq ft for two and 2,185 sq ft for three. These do not line up, so ask for the floor plan of your unit. Amenities include a gym, a shared pool, a children's play area, a barbecue area, 24/7 security and covered parking, and the listing also mentions sports courts and landscaped gardens. The listing does not give verified nearby places yet, so ask us for the exact location.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
1 BR
2 BR
3 BR
How prices moved
Median price of 1-bed apartments in Dubai Islands, over the 12 months to each dateUp 27% from Dec 2024 to Sep 2026.
Dec 2024AED 2,188 per sq ft
Sep 2026AED 2,781 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 2,781 per sq ft
2,196 sales
Jun 2026
AED 2,696 per sq ft
2,435 sales
Mar 2026
AED 2,535 per sq ft
2,416 sales
Dec 2025
AED 2,416 per sq ft
1,959 sales
Sep 2025
AED 2,338 per sq ft
1,563 sales
Jun 2025
AED 2,305 per sq ft
1,308 sales
Mar 2025
AED 2,211 per sq ft
746 sales
Dec 2024
AED 2,188 per sq ft
500 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Which company is developing Edgewater Residences?
MGS Development. The building is on Dubai Islands.
Can foreigners buy here?
Yes. The listing gives the ownership as freehold.
When is handover?
The listed handover was September 2026, so it may be out of date; ask the developer for the current status and the completion certificate.
How does the price compare?
The price check puts the from price per square foot 23% below 42 similar sales on Dubai Islands over the 12 months to October 2026.
What would I pay at each stage?
AED 110,000 on booking, AED 550,000 during construction and AED 440,000 at handover. Separately, the 4% DLD fee comes to AED 44,000; ask when it is due.
How big are the apartments?
The listing's size figures do not agree, ranging from 495 to 2,342 sq ft. Ask for the floor plan of the unit you want.
