What is the price of Edgewater Residences Phase 3?

Edgewater Residences Phase 3 starts from AED 1,945,300, as of 22 September 2026. By home: 1 Bed Apartment from AED 1,945,300; 2 Bed Apartment from AED 2,623,898; 3 Bed Apartment from AED 3,496,209.

Is Edgewater Residences Phase 3 expensive for Dubai Islands?

From AED 3,016 a square foot, against a median of AED 2,526 for 74 new projects in Dubai Islands.

What is the payment plan for Edgewater Residences Phase 3?

The developer’s payment plan for Edgewater Residences Phase 3 is 60/40: 10% down payment, 50% during construction and 40% on handover, as of 4 October 2026.

Are there floor plans for Edgewater Residences Phase 3?

Yes. The floor plans for 1 Bed Apartment, 2 Bed Apartment and 3 Bed Apartment are on this page under Homes.

Under constructionLaunched July 2024

Edgewater Residences Phase 3

by MGS Development in Dubai Islands

From AED 1,945,30060/40 payment planHandover Under construction

From: AED 1,945,300
Handover: Under construction
Homes: 1 to 3 bed
Sizes: 645 to 1,533 sq ft
Payment plan: 60/40
Built: 30%

About Edgewater Residences Phase 3

MGS Development builds Edgewater Residences Phase 3 on Dubai Islands, offering one-, two-, and three-bedroom apartments.

The homes span 645 to 1,533 square feet and showcase modern finishes, high-quality appliances, and expansive windows. Distributed across 15 floors with ground-level and podium-level community spaces, the apartments form a multi-storey residential tower.

Residents share an indoor and outdoor swimming pool, landscaped gardens, fitness centre, and gymnasium. The development features restaurants, children's play areas, barbecue spaces, running and jogging trails, and cycling paths. Retail outlets, a supermarket, and parking facilities are on-site, with CCTV and 24/7 security throughout.

Dubai Islands is situated on a waterfront setting with over 60 kilometres of shoreline and 20 kilometres of beaches. The location is 20 minutes from Dubai International Airport and 24 minutes from downtown Dubai.

The film

Homes

1 Bed Apartment

645 sq ft · from 2 baths

From AED 1,945,300

Edgewater Residences Phase 3: Floor plan Type A, 645 sq ft

Reserve

2 Bed Apartment

1,081 sq ft · from 3 baths

From AED 2,623,898

Edgewater Residences Phase 3: Floor plan Type A, 1,081 sq ft

Reserve

3 Bed Apartment

1,533 sq ft · from 4 baths

From AED 3,496,209

Edgewater Residences Phase 3: Floor plan Type A, 1,533 sq ft

Reserve

Payment plan

10%Down payment
50%During construction
40%On handover

Amenities

Swimming pool
Indoor pool
Gym
Jogging track
Cycling track
Children's play area
Landscaped gardens
Barbecue area
Restaurants and cafés
Shops
Supermarket
24-hour security
Covered parking

Construction and dates

30% built at the last site inspection, 31 August 2026.

Sales launched: 1 July 2024
Planned handover: Q3 2026

Payments go into the project’s escrow account with Abu Dhabi Commercial Bank.

Location

Open the location on a map →

About Dubai Islands

Dubai Islands is Nakheel's redevelopment of an archipelago comprising five islands along Dubai's Deira coastline. Homes include apartments, villas, townhouses, and penthouses built by Nakheel, Ellington, Imtiaz Developments, and others.

Edgewater Residences Phase 3 is a freehold project.

New homes in Dubai Islands →

Masterplan

The 15-storey tower is built on ground and podium levels. Residents benefit from sea views within the Dubai Islands waterfront setting.

Brochure

Download the Edgewater Residences Phase 3 brochure (PDF) →

Questions about Edgewater Residences Phase 3

What is the price of Edgewater Residences Phase 3?: Edgewater Residences Phase 3 starts from AED 1,945,300, as of 22 September 2026. By home: 1 Bed Apartment from AED 1,945,300; 2 Bed Apartment from AED 2,623,898; 3 Bed Apartment from AED 3,496,209.
Is Edgewater Residences Phase 3 expensive for Dubai Islands?: From AED 3,016 a square foot, against a median of AED 2,526 for 74 new projects in Dubai Islands.
What is the payment plan for Edgewater Residences Phase 3?: The developer’s payment plan for Edgewater Residences Phase 3 is 60/40: 10% down payment, 50% during construction and 40% on handover, as of 4 October 2026.
Are there floor plans for Edgewater Residences Phase 3?: Yes. The floor plans for 1 Bed Apartment, 2 Bed Apartment and 3 Bed Apartment are on this page under Homes.