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Dubai · Dubai Islands

Edgewater Residences Phase 3 By MGS

At a glance

Specifications

Address

Dubai, Dubai Islands, Edgewater Residences

Price range

AED 1,945,300–3,496,209

Completion

Sep 2026

Payment plan

10% / 50% / 40%

Property type

Apartment

About this project

Edgewater Residences Phase 3 By MGS - Apartment in Dubai Islands, Dubai

Edgewater Residences Phase 3 By MGS, developed by MGS Development, introduces an exclusive off-plan apartment community in the heart of Dubai Islands. Priced to deliver value and style, these luxury apartments Dubai span modern designs and panoramic waterfront views, with a 10% down payment plan for flexible ownership. This off-plan apartment Dubai Islands Dubai stands out in the UAE real estate market for its prime location, premium amenities, and the promise of strong capital appreciation. As investors and homebuyers seek luxury living in strategic zones, Edgewater Residences sets a new standard for off-plan properties ready for completion in September 2026.

Prime Location in Dubai Islands

Situated on the vibrant Dubai Islands, this development offers a prime location in Deira’s emerging waterfront. Residents enjoy quick access to Deira City Centre, Dubai International Airport, and the historic Creek district. The area links seamlessly to Sheikh Rashid Road and Al Khaleej Road, making downtown Dubai and business hubs accessible within minutes. Families and professionals can invest in Dubai Islands real estate while benefiting from freehold ownership and a well-connected urban lifestyle. With new leisure and retail projects on the horizon, these investment properties near Deira City Centre Dubai promise both convenience and growth in the UAE market.

Developed by MGS Development

MGS Development brings over a decade of expertise to this new off-plan project in Dubai. Known for delivering high-quality residential towers and mixed-use communities, MGS Development focuses on contemporary design and sustainable living. Their portfolio showcases successful launches across the UAE, earning trust among international and local investors. By combining innovative architecture with community-driven spaces, MGS Development new project Dubai aims to elevate waterfront living standards.

Amenities and Lifestyle

Edgewater Residences Phase 3 By MGS offers a suite of curated facilities for a balanced and vibrant lifestyle. Residents can unwind in landscaped gardens or stay active in the state-of-the-art gymnasium. An indoor swimming pool and CCTV security add comfort and peace of mind, while on-site restaurants and a barbecue area create social hubs for friends and family. Children enjoy a dedicated play area, making this an ideal family-friendly address. Imagine weekend mornings by the waterfront promenade, sunset workouts in the gym, and tranquil evenings in lush garden retreats—luxury living meets urban convenience in this exclusive development.

Investment Opportunity in Dubai

The flexible payment schedule—10% downpayment, 50% during construction, and 40% on handover—positions buyers to optimize cash flow and secure strong ROI. As one of the best off-plan apartment Dubai Islands developments, it offers freehold property ownership in a high-demand district. With the project ready in 2026, investors can target attractive rental yields and capital appreciation in a stable UAE real estate market. This apartment for sale with 10% down payment in Dubai caters to first-time buyers and seasoned investors alike. Seize the chance to own off-plan apartments Dubai before prices rise in this fast-growing waterfront neighborhood.

Discover why Edgewater Residences Phase 3 By MGS Dubai sets a new benchmark for off-plan luxury apartments. With a strategic waterfront locale, comprehensive amenities, and a flexible payment plan, this is your moment to invest in Dubai’s thriving property market. Contact our sales team today to book your unit and secure prime freehold ownership in the heart of Dubai Islands, UAE.

Payment plan

Pay as construction progresses

  1. Step 0110%
    Down payment10% paid
  2. Step 0250%
    During construction60% paid
  3. Step 0340%
    On handover100% paid

Schedule totals 100% at handover. Exact dates confirmed in your Sale & Purchase Agreement (SPA).

Construction

Where the project stands

  1. Jul 2024

    Booking started

  2. Aug 2024

    Construction Started
  3. Today · 19 May 2026

  4. Sep 2026

    Expected Completion
Lifestyle

What's on site

Location

Where it sits

Dubai, Dubai Islands, Edgewater Residences

Open in Google Maps
FAQ

Questions buyers usually ask

Q01

What is the starting price for apartments in Edgewater Residences Phase 3?

Currently, the starting price for apartments in Edgewater Residences Phase 3 is yet to be announced, as the project is still under development. Located in the vibrant Dubai Islands, these properties promise to offer great value and comfort. Keep an eye out for updates from MGS Development regarding pricing details for this exciting new project.

Q02

What types of properties and prices are available in Edgewater Residences Phase 3?

Edgewater Residences Phase 3 offers off-plan apartments in a prime location. While the exact price range has not been released yet, the development by MGS promises luxury living options suitable for various budgets. Interested buyers can expect competitive pricing in the rapidly growing Deira area soon.

Q03

What is the payment plan for Edgewater Residences Phase 3?

Edgewater Residences Phase 3 features an attractive payment plan, requiring a 10% down payment. Buyers will pay 50% during construction and the remaining 40% upon handover. This flexible payment structure is designed to make investing in Dubai real estate more accessible, aligning with the project timeline.

Q04

When will Edgewater Residences Phase 3 be ready for handover?

Edgewater Residences Phase 3 is expected to be completed by September 2026. With construction kicks off later this year, prospective buyers can anticipate moving into their new apartment shortly after this completion date. This timeline allows for both planning and investment opportunities.

Q05

Where is Edgewater Residences Phase 3 located?

Edgewater Residences Phase 3 is located in Dubai, specifically in Deira, Dubai Islands. Located at a prime address, this project offers residents easy access to key attractions and infrastructure. With its scenic surroundings, it presents a perfect blend of urban living and natural beauty.

Q06

Who is developing Edgewater Residences Phase 3?

Edgewater Residences Phase 3 is developed by MGS Development, a reputable name in the UAE real estate market. Known for their commitment to quality and luxury, MGS Development is dedicated to delivering exceptional properties in prime locations like Deira.

Q07

What amenities are available at Edgewater Residences Phase 3?

Edgewater Residences Phase 3 will feature several premium amenities, including landscaped gardens, a gymnasium, indoor swimming pool, and restaurants. Additionally, residents will benefit from modern security systems and facilities like a barbecue area and children's play area, ensuring a lifestyle of luxury and convenience.

Q08

What types of properties are offered in Edgewater Residences Phase 3?

Edgewater Residences Phase 3 primarily offers modern apartments tailored for various lifestyles. These homes are designed to provide comfort and style, appealing to families, young professionals, and investors alike, all within the thriving community of Dubai Islands.

Q09

Is Edgewater Residences Phase 3 a good investment opportunity?

Investing in Edgewater Residences Phase 3 is a promising opportunity, given the strategic location in Dubai and amenities offered by MGS Development. With potential for high ROI, rental yield, and capital appreciation, this project is ideal for those looking to buy or invest in Deira real estate.

Q10

How can I book a property in Edgewater Residences Phase 3?

To book a property in Edgewater Residences Phase 3, interested buyers can contact MGS Development for registration details. The booking phase starts on July 1, 2024, making it crucial to act swiftly to secure your place in this exclusive project in Dubai.

Ready when you are

Get the price list, payment plan, and a direct line.

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