Edgewater Residences Phase 2: Apartments on Dubai Islands
MGS Development is delivering Edgewater Residences Phase 2 on Dubai Islands. This is the second phase of the Edgewater Residences cluster, part of a waterfront neighborhood taking shape on reclaimed land just off the Deira coast. The development offers apartments across a price range that covers multiple unit sizes and buyer profiles, from investors seeking an accessible entry point to families looking for a larger waterfront home.
Location: What Dubai Islands Means in Practice
Dubai Islands connects to the mainland by bridge from Deira. That gives residents direct road access to Deira's established commercial and retail district, and from there to the wider city road network. Downtown Dubai sits approximately 25 to 30 minutes away by road. Dubai International Airport is within similar reach, which matters for buyers who travel frequently for work. Dubai Marina is farther west, closer to 40 minutes in normal traffic.
The island setting defines the daily experience. Compared to established mainland neighborhoods, Dubai Islands offers waterfront access and lower residential density. The area is still building out its retail and public amenity infrastructure, so the environment today is quieter and less serviced than more mature parts of the city. The coastline and sea proximity are there in ways that landlocked addresses cannot offer. For investors, the island's development trajectory is a factor alongside the building itself.
What AED 1.9M to AED 3.5M Gets You Here
Apartments start at AED 1,945,300 and reach AED 3,496,209. This is an apartment-only development, so the spread of over AED 1.5 million reflects variation within a single product type. A buyer at the entry price and a buyer at the top end are purchasing substantially different apartments, likely separated by bedroom count, floor level, and view quality.
At the low end, the range points to one-bedroom or smaller two-bedroom units on lower floors. The upper end points to larger apartments with more direct water views. For investors, the entry-level price gives the lowest capital commitment to the Dubai Islands location. For buyers who plan to occupy, the upper range is where the waterfront setting is most fully experienced.
Getting In for 10%
| Stage | Payment |
|---|---|
| Down payment | 10% |
| During construction | 50% |
| On handover | 40% |
Ten percent down keeps the initial capital commitment modest relative to the total purchase price. The structure places the bulk of payments across the construction period and at handover. The 40% due at handover arrives as a single lump sum with no deferral available under this plan. For buyers entering now, the construction and handover payments will fall in close succession.
August 2026 Completion
Construction began in July 2024. The expected completion date was August 2026, which has now passed. The project is at or near handover. Buyers considering this project now are at the end of the off-plan window, not entering mid-construction. The construction stage is effectively complete, removing the timeline uncertainty that comes with earlier off-plan entry.
What the Amenity Set Says About This Project
| Category | Amenities |
|---|---|
| Fitness and wellness | Gymnasium, Well-being and Fitness, Indoor Swimming Pool |
| Outdoor and social | Landscaped Gardens, Barbecue Area |
| Family | Children's Play Area |
| Dining | Restaurants |
The indoor pool is the most notable item on this list. In a waterfront development, choosing an indoor pool signals year-round usability as a deliberate design priority. Where an outdoor pool serves residents seasonally, an indoor pool functions every day regardless of weather. That choice suggests a building designed for full-time residents.
The barbecue area and children's play zone make the family orientation of the project clear. The restaurant facility adds daily convenience without requiring residents to leave. Seven amenities is a practical, functional count. The set covers the fundamentals for active residents and families without reaching for resort-style volume. This is a well-equipped residential building aimed at buyers who want a livable waterfront apartment above all else.
