
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Edgewater Residences Phase 1 launch basis | 2,644 | AED 2.38M | Current launch / asking basis |
| Dubai Islands ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Dubai Islands premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |

























Edgewater Residences Phase 1 official render 1

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Edgewater Residences Phase 1 official render 10
Astraterra Properties
Download official marketing materials from MGS Development.
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Dubai Islands
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
Limited units available · Direct developer pricing · Serious buyer routing
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence or trophy-level stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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