Edgewater Residences 3

Dubai Islands · by MGS Development · Running late

Edgewater Residences 3: exterior, photo 1 of 3Edgewater Residences 3: exterior, photo 2 of 3Edgewater Residences 3: aerial, photo 3 of 3
Homes1-bed – 3-bed
KeysWas due Q3 2026
DeveloperMGS Development

Homes in this building

1-bed
645 sq ft · 2 baths · AED 3,016/sq ft
fromAED 1.95M
2-bed
1,081 sq ft · 3 baths · AED 2,427/sq ft
fromAED 2.62M
3-bed
1,533 sq ft · 4 baths · AED 2,281/sq ft
fromAED 3.5M

What buyers actually paid

4 off-plan sales registered with the Dubai Land Department, June to October 2026.

What's in the building

Landscaped Gardens
Gym
Restaurants
Indoor Swimming Pool
CCTV Security
Barbecue Area
Kids' play area

Payment plan

10% down payment, 50% during construction, 40% handover

Construction

The Dubai Land Department hasn't published a progress figure for this project yet.

Was due: Sep 2026.

About this data: Mostly from listing portals and Dubai Land Department records. Our agent can confirm the details.

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More by MGS Development

Their other projects with keys in 2026–27

Edgewater Residences 2, Dubai IslandsSelling now
Edgewater Residences 255% built
Dubai Islands
by MGS Development
1-bed – 3-bed · Was due Q3 2026
From AED 1.95M
Edgewater Residences, Dubai Islands
Edgewater Residences
Dubai Islands
by MGS Development
1-bed – 3-bed · Was due Q3 2026
From AED 1.1M
Edgewater Residences 33 photos
Edgewater Residences 3: exterior, photo 1 of 3Edgewater Residences 3: exterior, photo 2 of 3Edgewater Residences 3: aerial, photo 3 of 3

Your monthly payment

AboutAED 8,431 a month

For a home of AED 1.95M

Loan
Interest over the term
Fees at transfer, about
Cash needed up front

Off-plan homes are usually paid to the developer while they're built (here: 10% down payment, 50% during construction, 40% handover), and banks lend on the balance near handover; before completion they lend at most 50%.

Assumes a UAE resident expat buying a first home: banks lend up to 80% (70% above AED 5M) for up to 25 years, and fixed rates run about 3.75–5% today. Fees: 4% DLD transfer fee, 0.25% mortgage registration and about 1% to the bank. An estimate, not a loan offer.