Edgewater Residences Phase 3
Off-Plan

Edgewater Residences Phase 3

From AED 2.18M·Handover Dec 2026·10% down payment Payment
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AED 2.18M
Starting Price
Dec 2026
Handover
10% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Edgewater Residences Phase 3 is an exclusive project from the developer MGS Development and is the third phase of three in the residential complex .The building comprises Towers A, B, and C, consisting of a ground floor, two podium levels, and twelve residential floors, designed for those seeking refined coastal living amid greenery and unspoiled shores. The complex offers apartments with one, two, and three bedrooms, each with a thoughtful design and high-quality finishes. The semi-equipped apartments are equipped with modern Bosch kitchen appliances, and the upper floors offer spectacular views of the sea and picturesque golf courses. The complex offers residents a unique opportunity to enjoy a luxurious lifestyle, including a swimming pool, a children's pool, a gym, children's playrooms, a padel court, resort services, a marina, modern wellness centers, and much more. 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, while the Burj Al Arab Sail Hotel is about 25 minutes away.

Project Specifications
DeveloperMGS Development
LocationDubai Islands
Unit Types1 BR, 2 BR, 3 BR, Apartments, Penthouse
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 94,012 / year
Cash-on-Cash
2.2%
Levered cashflow AED 22,114
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 141,618 / 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 3 launch basis2,421AED 2.18MCurrent 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 3 official render 1

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Edgewater Residences Phase 3 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

Children’s pool
Jogging tracks
Kids Play Area
Leisure areas
Lift
Lobby
Meditation zone
Open air gym
Paddle court
Recreational areas
Shared gym
Social zone
Yoga studio

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 3 by MGS Development

02

Located in Dubai Islands

03

Starting from AED 2,178,736

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Dec 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Get Qualified for Edgewater Residences Phase 3

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