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.
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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Astraterra Properties
Official Documents
Download official marketing materials from MGS Development.
Payment Structure
Published payment summary
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Amenities & Lifestyle
Location
Dubai Islands
Nearby Destinations
Developer and Project Facts
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
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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