Towers under construction with cranes on the Dubai waterfront. A general view of Dubai, not this projectPhoto: Leandro Neumann Ciuffo, Wikimedia Commons, CC BY 2.0, resized and cropped
A drawing, not this building: 30.39% built at DLD’s inspection on 31 Aug 2026
The short answer
Edgewater Residences 3 is active on the DLD register, completion date 31 Jan 2027. It was 30.39% built at DLD’s inspection on 31 Aug 2026. Its 39 home sales over Oct 2025–Sep 2026 registered at a median AED 2.2m, AED 2,821 per sq ft.
Completion dateSourceDLD project registerWindowcompletion dateFigureas the register lists itDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
31 Jan 2027
on the DLD register
BuiltSourceDLD project registerFigure% built at DLD’s latest inspectionDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
30.4%
DLD inspection, 31 Aug 2026
Median 1 BRSourceDLD registered salesWindowOct 2025–Sep 2026Based on31 salesFiguremedian price and median price per sq ft of home sales of this sizeDatasales to 5 Oct 2026How it is worked out
AED 2.2m
AED 2,821/sq ft · 31 sales
Median home priceSourceDLD registered salesWindowOct 2025–Sep 2026Based on39 salesFiguremedian of registered home sales, not an asking priceDatasales to 5 Oct 2026How it is worked out
AED 2.2m
39 home sales, Oct 2025–Sep 2026
Sales, 12 monthsSourceDLD registered salesWindowOct 2025–Sep 2026Based on39 salesFigureregistered sales of every property typeDatasales to 5 Oct 2026How it is worked out
39
−64% on Oct 2024–Sep 2025
Registered prices of 1-bedroom homes here, Oct 2025–Sep 2026
Lower quartile, median and upper quartile of 31 home sales; median size 789 sq ft.
The DLD project register
Active
Completion date on the DLD register: 31 Jan 2027
30.39% built at DLD’s inspection on 31 Aug 2026.
Started30 Nov 202430.4% builtinspection 31 Aug 2026Completion31 Jan 2027
Built, at DLD’s latest inspection30.39%
DLD project number
3177
Status
Active
Completion date
31 Jan 2027
Start date
30 Nov 2024
Registered
10 Mar 2025
Developer
M G S Development L.L.C · DLD developer 1624
Escrow account bank
Abu Dhabi Commercial Bank
Units
328
Buildings
3: Edgewater Residences 3 - Building A, Edgewater Residences 3 - Building B, Edgewater Residences 3 - Building C
Inspection history: 5 inspections on the register
Inspection date
Built
31 Aug 2026
30.39%
4 May 2026
15.01%
27 Dec 2025
8.51%
15 Jul 2025
5.16%
10 Feb 2025
0%
Source: Dubai Land Department project register, read 13 Oct 2026. The register’s own figures, shown as it lists them.
Developer’s reply: none yet. M G S can send a reply about these figures; replies are checked before they’re published and never change a number. How developers reply
Statement ID S-3177-H1 · DLD register read 13 Oct 2026
Home prices by size
registered home sales, Oct 2025–Sep 2026
Size
Sales
Median price
Median AED /sq ft
Median size, sq ft
1 BR
31
AED 2.2m
2,821
789
2 BR
7
AED 3.0m
2,509
1,218
3 BR
1 · fewer than 5
—
—
—
Medians of registered flat and villa sales with no data-quality flag; a size with fewer than 5 sales shows no median.
Check an asking price
use the size on the sale contract
Enter the size and the asking price to compare them with registered sales.
Every type of sale, newest first; DLD publishes no time of day. Price per sq ft for homes only. “vs area”: against the median for that size in Palm Deira, Oct 2025–Sep 2026.
M G S’s newest ads
None of M G S’s 6 running ads names Edgewater Residences 3; these are the newest, from Meta’s Ad Library on 26 Oct 2026. Prices and claims in ads are the developer’s, not checked against DLD records.
Your waterfront apartment in Dubai — with a down payment of just 10%.
Edgewater Residences by MGS Development is a modern residential project located on the prestigious Dubai Islands. An excellent choice for a seaside getaway, personal residence, or building an international real estate asset in Dubai.
Interest-free developer installment plan with a 35/65 payment schedule:
🔹 10% — upon booking
🔹 25% — during construction
🔹 65% — upon handover in late 2026
Submit an application to receive current prices, floor plans, and a personalized purchase calculation. ✨
Phone number: +971525395415
Edgewater Residences on Dubai Islands - Elevated living exceptional amenities
A modern boutique project by MGS Development, a trusted developer with over 25 million sq. ft. of completed real estate.
Life here seamlessly blends comfort, an active lifestyle, and proximity to nature. Just 2 minutes' walking distance to the beach. Residents can enjoy premium amenities, including a swimming pool, a state-of-the-art fitness center, paddel court, sports and play areas, as well as dedicated relaxation and wellness spaces right by the coast.
The project is located on the prestigious Dubai Islands:
Edgewater Residences on Dubai Islands - 1 - 3 Bedroom Apartments from AED 2.1M
A modern residential complex by MGS Development, a trusted developer with over 25 million sq. ft. of completed real estate.
The project is located on the prestigious Dubai Islands: just 2 minute walk to the beach, 10 minutes to Dubai International Airport, 20 minutes to Burj Khalifa and Dubai Mall, and 25 minutes to Burj Al Arab.
Residents can enjoy premium amenities, including a swimming pool, paddel court, state-of-the-art gym, and a dedicated play area, creating a comfortable space for living and relaxation.
Buying property in Dubai for the first time does not have to be overwhelming.
At MGS Development, our specialists guide you through every single step, from selecting the right layout to final paperwork. You focus on your goals, and we handle the rest.
Comment below or send us a DM to start your journey with a private consultation.
#MGSDevelopment #EdgewaterResidences #DubaiIslands #DubaiRealEstate #WaterfrontLiving
Each point is the median price per square foot of the month’s registered home sales (flats and villas). A month with fewer than 10 home sales is left as a gap. Registered prices, not asking prices.
Most sold size
1 bedroom
45%1
41%2
12%3
1%4
0%5+
Share of the home sales over Oct 2025–Sep 2026 that recorded a bedroom count
Sales a year
4,459 sales2025+89080%on 2021
Full years only, registered sales of every type. 3,577 sales in 2026 to 5 Oct.
Off-plan share
98% of the 5,053 sales over Oct 2025–Sep 2026 were registered as off-plan, DLD’s own registration type.
The full record
every figure behind the summary
Sales by year and by month
Year
Sales
Off-plan
Ready
Value
Median home price
Median AED /sq ft
2022
1
0
1
AED 20.2m
—
—
2025
118
118
0
AED 331m
AED 2.4m
2,551
2026 to 5 Oct
28
28
0
AED 64.1m
AED 2.2m
2,797
Sales and value: registered sales of every property type since Jan 2019. Off-plan: DLD’s registration type; Ready: every other sale. Medians: home sales only, shown with 5 or more.
147sales registered, Dec 2022 to Sep 2026
Every registered sale, all property types.
Other projects in Palm Deira
5,053 sales were registered in Palm Deira over Oct 2025–Sep 2026, with homes at a median AED 2,481 per sq ft over Jul–Sep 2026.
Edgewater Residences 3 is a M G S project in Palm Deira, Dubai, registered with the Dubai Land Department as project 3177 by M G S Development L.L.C. The register lists it as active, with a completion date of 31 Jan 2027, 30.39% built at DLD’s inspection on 31 Aug 2026.
147 sales have been registered since Jan 2019, the first on 5 Dec 2022, 39 of them over Oct 2025–Sep 2026. Over those twelve months its 39 home sales registered at a median AED 2.2m. The sales include 1 land plot, left out of every price figure. These are prices buyers paid, recorded at registration, not asking prices.
By sales since Jan 2019 it is 14th of the 117 projects with a registered sale in Palm Deira, and first of M G S’s 3.
Questions about Edgewater Residences 3
When will Edgewater Residences 3 be finished?
The DLD register lists a completion date of 31 Jan 2027. It was 30.39% built at DLD’s inspection on 31 Aug 2026. These are the register’s own figures, read 13 Oct 2026; we don’t forecast a finish.
Is Edgewater Residences 3 finished?
No. The DLD register lists it as active, 30.39% built at the inspection on 31 Aug 2026.
What do homes in Edgewater Residences 3 sell for?
1 BR: a median AED 2.2m, AED 2,821 per sq ft, from 31 sales; 2 BR: a median AED 3.0m, AED 2,509 per sq ft, from 7 sales. Registered home sales over Oct 2025–Sep 2026, not asking prices.
How many sales has Edgewater Residences 3 had?
147 sales registered with the Dubai Land Department since Jan 2019, 39 of them over Oct 2025–Sep 2026. The count includes 1 land plot, which are left out of every price figure.
Who is the developer of Edgewater Residences 3?
The DLD register lists M G S Development L.L.C, DLD developer number 1624, which we group under M G S.
Where is Edgewater Residences 3?
In Palm Deira, Dubai. The Dubai Land Department registers its sales under the district Palm Deira. Homes there registered at a median AED 2,481 per sq ft over Jul–Sep 2026.
Which escrow account does DLD list for Edgewater Residences 3?
The DLD project register lists an escrow account with Abu Dhabi Commercial Bank for Edgewater Residences 3.
Cite this page
Edgewater Residences 3, Palm Deira. Real Estate IQ, from DLD registered sales to 5 Oct 2026 and the DLD project register read 13 Oct 2026. dubairealestateiq.com/project/edgewater-residences-3
