Edgewater Residences Phase 1
Off-Plan

Edgewater Residences Phase 1

From AED 2.38M·Handover Oct 2026·15% down payment Payment
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AED 2.38M
Starting Price
Oct 2026
Handover
15% down payment
Payment Plan
2 BR · 3 BR
Type

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.

Project Specifications
DeveloperMGS Development
LocationDubai Islands
Unit Types2 BR, 3 BR, Apartments
AreaDubai Islands
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 102,697 / year
Cash-on-Cash
2.2%
Levered cashflow AED 24,157
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 154,700 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Edgewater Residences Phase 1 launch basis2,644AED 2.38MCurrent launch / asking basis
Dubai Islands ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Islands premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Edgewater Residences Phase 1 official render 1

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Edgewater Residences Phase 1 official render 10

Astraterra Properties

Official Documents

Download official marketing materials from MGS Development.

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Payment Structure

15% down payment

Flexible Payment

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Amenities & Lifestyle

Kids Play Area
Leisure areas
Lift
Lobby
Recreational areas
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Social zone
Walking paths

Location

Dubai Islands

Nearby Destinations

Dubai Creek — 10 mins
Deira City Centre — 12 mins
Dubai International Airport — 18 mins
Al Mamzar Beach Park — 8 mins
Dubai IslandsDubai IslandsDubai, UAE

Developer Track Record

01

Edgewater Residences Phase 1 by MGS Development

02

Located in Dubai Islands

03

Starting from AED 2,380,000

04

Unit mix includes 2 BR, 3 BR, Apartments

05

Expected handover: Oct 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Get Qualified for Edgewater Residences Phase 1

Limited units available · Direct developer pricing · Serious buyer routing

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