
Edgewater Residences Phase 2 is an exclusive project from the developer MGS Development and is the second phase of three in the residential complex. The building repeats the architectural configuration of the entire complex: it includes a ground floor, two podium levels, and twelve residential floors, created for those who seek a sophisticated coastal life among greenery and untouched shores. The residential floors feature luxury apartments with one, two, and three bedrooms. 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. Residents of Edgewater Residences Phase 2 are provided with a variety of premium amenities, which include a gym with state-of-the-art equipment, a children's playground, a large swimming pool, terraces for relaxation, and landscaped recreational areas for relaxing and rebooting consciousness. A variety of cafes, restaurants, and shops are located near the complex. 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, can be reached in 20 minutes.
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 2 launch basis | 3,142 | AED 2.83M | 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 2 official render 1

Edgewater Residences Phase 2 official render 2

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Edgewater Residences Phase 2 official render 9

Edgewater Residences Phase 2 official render 10
Astraterra Properties
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Dubai Islands
Edgewater Residences Phase 2 by MGS Development
Located in Dubai Islands
Starting from AED 2,827,887
Unit mix includes 2 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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