Edgewater Residences Phase 2 By MGS in Dubai Islands, Dubai

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MGS Development · Dubai Islands, Dubai

Starting price

AED 1,945,300

Enquire

Handover

August 2026

Status

active
DLD construction progress13%

About this project

Edgewater Residences Phase 2 By MGS is an off-plan residential development by MGS Development in Dubai Islands, Dubai. Prices start from AED 1,945,300. The current unit mix includes 1-bedroom homes, 2-bedroom homes, 3-bedroom homes. Dubai Land Department data records construction progress at 13%. Expected handover is August 2026.

What buyers should know

Edgewater Residences Phase 2 By MGS is located in Dubai Islands, Dubai and is developed by MGS Development. Prices start from AED 1,945,300. Dubai Land Department data records construction progress at 13%.

Location

Edgewater Residences Phase 2 By MGS is in Dubai Islands, Dubai. Browse the verified project facts, available home sizes, pricing and construction status before making an enquiry.

Amenities

Well-being and FitnessGymnasiumRestaurantsIndoor Swimming PoolLandscaped GardensBarbecue AreaChildren's Play Area

Payment plan

  • 10/50/40

Project brochures

Developer material with specifications, amenities and payment-plan details.

Project brochureOpen PDF in a new tab

The official record

Registered with the Dubai Land Department — construction progress, escrow and sales history are the government's figures, not the developer's.

Construction progress13%Under construction
Escrow agentABU DHABI COMMERCIAL BANKHolds buyer payments until handover
Developer licenceCurrentValid to 10 Apr 2027
Expected completion31 Aug 202697 units registered
Registered sales
88
In the last 12 months
26
Median sold price
AED 2.30M
Median price per sqft
AED 2,130/sqft
Median size sold
1,144 sqft
First sale
5 Dec 2022
Latest sale
7 Jul 2026
Off-plan vs ready
87 / 1

What has sold here, by size

Every registered sale in Edgewater Residences Phase 2 By MGS, not a window — an individual project can trade rarely, and three sales over two years is better evidence than none.

SizeSalesMedian priceTypical rangePrice/sqftLatest
2 B/R442.53MAED 2.29M – AED 2.89MAED 2,103/sqft7 Jul 2026
1 B/R321.96MAED 1.81M – AED 2.05MAED 2,217/sqft2 Jan 2026
3 B/R113.25MAED 3.15M – AED 3.41MAED 2,019/sqft17 Feb 2026
Unspecified124.59MAED 24.59M – AED 24.59MAED 716/sqft5 Dec 2022
Market data for Palm DeiraM G S DEVELOPMENT L.L.C's full recordEvery sale in this project

Transactions at Edgewater Residences Phase 2 By MGS

87 sales recorded at this project in Dubai Land Department data, to Jul 2026.

View Dubai market trends
Median sale price
2.63M
last 12 months
Median price / sqft
AED 2,272/sqft 1.7% vs last year
last 12 months
Transactions
31
last 12 months

Median price / sqft by year

By bedrooms · last 12 months

1 B/R

15 sales

2.01M

Per sqft2,269

2 B/R

15 sales

3.01M

Per sqft2,272

Recent transactions

DateTypeArea (sqft)PricePrice / sqftSale
Jul 7, 20262 B/R1,272AED 2,827,8872,223Off-plan
Jul 6, 20262 B/R1,553AED 3,369,1152,170Off-plan
Jul 6, 20262 B/R1,550AED 3,400,7392,194Off-plan
Jun 17, 20262 B/R1,272AED 2,952,4392,321Off-plan
Mar 30, 20262 B/R1,616AED 2,892,8061,791Off-plan
Mar 24, 20262 B/R1,376AED 3,188,9402,317Off-plan
Mar 23, 20262 B/R1,272AED 3,014,7142,370Off-plan
Mar 6, 20262 B/R1,272AED 2,890,6392,272Off-plan
Mar 3, 20262 B/R1,271AED 3,017,3122,375Off-plan
Feb 17, 20263 B/R1,597AED 3,634,0412,275Off-plan
Feb 2, 20262 B/R1,310AED 3,032,4132,315Off-plan
Jan 8, 20262 B/R1,376AED 3,054,3962,219Off-plan
Jan 2, 20261 B/R1,080AED 2,058,3211,906Off-plan
Dec 19, 20252 B/R1,310AED 3,097,3162,364Off-plan
Dec 15, 20251 B/R846AED 2,034,5502,406Off-plan
Dec 15, 20252 B/R1,191AED 2,853,3102,395Off-plan
Dec 15, 20251 B/R1,141AED 2,139,5121,874Off-plan
Nov 17, 20251 B/R841AED 2,088,6452,482Off-plan
Nov 14, 20251 B/R840AED 2,064,6002,457Off-plan
Oct 29, 20251 B/R846AED 2,120,2942,508Off-plan
Oct 22, 20251 B/R876AED 1,968,0042,246Off-plan
Oct 8, 20251 B/R841AED 1,820,7412,164Off-plan
Oct 8, 20251 B/R876AED 1,887,0012,154Off-plan
Oct 8, 20251 B/R882AED 2,001,9382,269Off-plan
Sep 19, 20251 B/R846AED 1,986,9172,349Off-plan
Sep 17, 20251 B/R876AED 2,008,5052,292Off-plan
Aug 13, 20252 B/R1,311AED 2,874,7742,193Off-plan
Aug 8, 20251 B/R882AED 1,961,1582,223Off-plan
Aug 6, 20251 B/R840AED 1,954,3432,326Off-plan
Jul 25, 20252 B/R1,236AED 2,628,6202,126Off-plan

Source: Dubai Land Department transaction records for this project. Figures are historical transacted prices — market context, not a valuation of any specific unit.

Price insights · Palm Deira

Median sale prices from Dubai Land Department transactions over the last 12 months, to Jul 2026.

View Dubai market trends
All residential
2.80M

median sale price

Per sqftAED 2,668/sqft
Transactions5,232
Apartments
2.80M

median sale price

Per sqftAED 2,668/sqft
Transactions5,232

Source: Dubai Land Department open data. Area medians are market context for Palm Deira, not a valuation of this specific project.