Edgewater Residences Phase 1
Project Overview
Edgewater Residences Phase 1 is an exclusive project from the developer MGS Development. This is the first building of a large-scale project, which includes a ground floor, two podium floors, and twelve residential floors, created for those who seek a sophisticated coastal life among greenery and untouched shores. There are exquisite apartments with one, two, or three bedrooms on the floors. One of the features of the complex is its architecture. The bright materials of the facades and the unique location of the balconies give the building an amazing and elegant look, and the sun's rays are reflected from the glass panels. The panoramic windows of each residence offer breathtaking views of the waters of the Persian Gulf. Edgewater Residences Phase 1 residents are provided with a variety of premium amenities that include a gym, a children's playground, a large swimming pool, terraces for relaxation, and landscaped recreational areas for relaxation and mental rebooting. The strategically advantageous location of the complex allows residents to easily reach key locations in Dubai. Dubai International Airport is just 10 minutes away, and the Burj Khalifa and Dubai Mall, the largest shopping mall, are 20 minutes away.
Illustrative Rental Scenario
Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.
Pricing and Area Research
Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.
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Official Documents
Download official marketing materials from MGS Development.
Payment Structure
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Amenities & Lifestyle
Location
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Developer and Project Facts
Edgewater Residences Phase 1 by MGS Development
Located in Dubai Islands
Starting from AED 2,380,000
Unit mix includes 2 BR, 3 BR, Apartments
Expected handover: Oct 2026
Official brochure and PDF marketing materials available
Official render/gallery images available
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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