Edgewater Residences Phase 2
Off-Plan

Edgewater Residences Phase 2

From AED 2.83M·Handover Oct 2026·10% down payment Payment
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AED 2.83M
Starting Price
Oct 2026
Handover
10% down payment
Payment Plan
2 BR · Apartments
Type

Project Overview

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.

Project Specifications
DeveloperMGS Development
LocationDubai Islands
Unit Types2 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 122,023 / year
Cash-on-Cash
2.2%
Levered cashflow AED 28,703
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 183,813 / 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 2 launch basis3,142AED 2.83MCurrent 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 2 official render 1

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Edgewater Residences Phase 2 official render 10

Astraterra Properties

Official Documents

Download official marketing materials from MGS Development.

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Payment Structure

10% 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 2 by MGS Development

02

Located in Dubai Islands

03

Starting from AED 2,827,887

04

Unit mix includes 2 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 2

Limited units available · Direct developer pricing · Serious buyer routing

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