Edgewater Residences: A Waterfront Address Starting at AED 1.1M
MGS Development is delivering Edgewater Residences on Dubai Islands, the waterfront archipelago off the Deira coastline. Construction started in May 2024, with a target completion of July 2026. The project has now reached its handover window.
Dubai Islands: What the Location Delivers
Dubai Islands sits off the northern coast of Dubai, connected to Deira by a short causeway link. The area is a mixed-use coastal district in active build-out, with residential towers, hotels, and retail going up across the masterplan at the same time. That gives it the feel of a city district under construction rather than an established neighbourhood. The infrastructure is newer than in more mature parts of Dubai, and the community is still forming. It is a genuine waterfront address at a price that reflects that early growth stage.
Deira, just across the causeway, gives residents access to the older city's commercial core, its markets, and its transport network. Several metro stations sit within easy reach, making central Dubai, the airport, and Business Bay accessible without relying on a car. This is not an isolated island; it connects directly into one of Dubai's busiest commercial districts.
What AED 1.1M to AED 2.6M Gets You
The price range runs from AED 1.1M to AED 2.6M, a spread of AED 1.5M across the apartment lineup. That width reflects genuine variety in unit sizes, not price volatility.
At the low end, AED 1.1M covers compact apartments, likely studio or one-bedroom layouts, suited to single occupants and investors targeting rental yield in a developing waterfront corridor. At the upper end, AED 2.6M positions the buyer in two or three-bedroom territory, suited to families or those buying a primary residence with room to use.
AED 1.1M for a Dubai Islands waterfront apartment puts this in the accessible range for a city coastal address, with the upside of buying into a corridor that is still building out.
Getting In for 10%
| Stage | Amount |
|---|---|
| Down payment | 10% |
| During construction | 50% |
| On handover | 40% |
The 10% down payment is low for Dubai off-plan entry. On the base price of AED 1.1M, that is roughly AED 110,000 to secure the unit; at AED 2.6M, around AED 260,000. Construction installments carry 50% of the purchase price across the build period. The remaining 40% falls due in full at handover, with no deferred installments after that point.
Apartments on a Waterfront Island
Edgewater Residences delivers apartment units exclusively. The ownership profile is consistent: owner-occupiers seeking a coastal lifestyle and investors building exposure to a developing waterfront market. There are no villas or townhouses in this project.
That consistency simplifies comparables for both rental and resale, since buyers and tenants are evaluating a single product category rather than a fragmented mix.
What the Amenities Tell You
| Category | Facilities |
|---|---|
| Wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor | Landscaped Gardens, Children's Play Area |
| Services | Restaurants, CCTV Security |
The indoor swimming pool stands out in this list. In Dubai, outdoor pools are a standard residential amenity; an indoor pool at this price tier is less common and points to a genuine all-year wellness offering. The gymnasium completes a credible fitness package. The combination of a children's play area and landscaped gardens signals that MGS is targeting a meaningful family component in the buyer mix, not just single occupants or short-term investors. On-site restaurants add practical daily convenience for residents and strengthen the rental appeal for investors.
Handover at the July 2026 Target
Construction launched in May 2024 with a completion target of July 2026. The project has reached that date. Buyers entering now are acquiring a completed or near-completed unit rather than committing to a multi-year off-plan wait. The construction risk that comes with early off-plan entry is largely behind this project at this stage.
