Edgewater Residences 3
MGS Development · Dubai Islands · 328 homes · Under construction
A MGS Development project under construction in Dubai Islands: 328 homes, 30% built, with completion promised for Q1 2027 on the register. Registered off-plan sales from Jul 2025 to Jun 2026 had a median of AED 2,650 per sqft, 3% above the launch quarter.
Updated 27 Oct 2026Prices. Quarter by quarter since launch.
Every quarter as a table
| Quarter | Median AED/sqft | Sales |
|---|---|---|
| Q2 2025 | 2,578 | 71 |
| Q3 2025 | 2,451 | 35 |
| Q4 2025 | 2,890 | 11 |
| Q1 2026 | 2,797 | 19 |
Median AED per sqft of registered sales, off-plan and ready, through Q3 2026. Quarters with fewer than 10 sales are left out. The launch quarter is the first quarter with 10 or more sales.
Promised vs today. Launch to today.
1% under the Dubai Islands median.
The promised date is the completion date declared on the Dubai Land Department register. A handover is dated by the first ready-market sale on the register, which trails the keys. The launch price is the launch quarter’s median of registered sales, not a brochure. Area medians are every registered home sale in the area, Jul 2025 to Jun 2026.
Questions.
When will Edgewater Residences 3 be completed?
The register declares completion for Q1 2027, and the project is reported 30% built.
What do homes in Edgewater Residences 3 sell for?
From Jul 2025 to Jun 2026, 71 homes sold on the register at a median of AED 2,650 per sqft and AED 2.24M per home. By unit type: 1 BR AED 2.22M (48 sales), 2 BR AED 2.95M (20 sales). These are registered deeds, not the developer's price list.
Who built Edgewater Residences 3?
MGS Development. The project is registered to MGS Development on the Dubai Land Department register, which lists 3 projects for the developer in Dubai, 3 of them under construction.
How many homes are in Edgewater Residences 3?
328, as counted on the Dubai Land Department register. The declared mix: 166 1 BR, 105 2 BR, 57 3 BR.
