
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.
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 3 launch basis | 2,421 | AED 2.18M | 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 3 official render 1

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Astraterra Properties
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Dubai Islands
Edgewater Residences Phase 3 by MGS Development
Located in Dubai Islands
Starting from AED 2,178,736
Unit mix includes 1 BR, 2 BR, 3 BR, Apartments
Expected handover: Dec 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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