WATERFRONT LIVING | 40% ON HANDOVER | DUBAI ISLANDS GROWTH

Type

Apartment

Purpose

Sale

Furnishing

Unfurnished

Updated

25th August 2026

Completion Status

Off-Plan

Payment Plan

35/65

Handover

Q1 2027

Developer

MGS Development

Project Name

Edgewater Residences 3

Edgewater Residences 3 by MGS Development is a premium waterfront residential project in Dubai Islands, offering 1BR, 2BR and 3BR apartments with modern layouts, sea-inspired living and strong investment appeal.
The project is ideal for investors looking for near-handover value, waterfront lifestyle, strong rental demand and long-term capital appreciation in one of Dubai’s fastest-growing coastal destinations.
Investment Highlights
Starting Price: from approx. AED 1.9M
Unit Types: 1BR, 2BR & 3BR
Payment Plan: 10% down payment, 50% during construction, 40% on handover
Alternative Plan: 35/65 on selected units
Handover: Q3 2026 / September 2026
Developer: MGS Development
Location: Dubai Islands
Ownership: Freehold
Expected ROI: 8%–10%, subject to unit, view, entry price and market rent
Capital Appreciation: Strong potential due to Dubai Islands masterplan, beachfront supply and future tourism growth
Why Investors Like This Deal
Edgewater Residences 3 is located in Dubai Islands, a major waterfront destination designed for beachfront living, marina lifestyle, hospitality, parks and leisure attractions. Dubai Islands is planned as a large coastal destination with multiple islands, long beachfront areas, marinas, hotels and residential communities.
For investors, the main value is the early-entry waterfront opportunity. Dubai Islands is still developing, which means buyers can benefit from potential price growth as more hotels, beach clubs, retail, marina lifestyle and leisure attractions are completed.
For ROI, the project can attract tenants looking for modern waterfront apartments, beach access, sea views and better value compared to older premium coastal areas. This supports rental demand from professionals, couples, families and holiday-home tenants.
For capital appreciation, Dubai Islands has a strong long-term story because waterfront land in Dubai is limited. As the master community becomes more complete, resale demand may increase, especially for projects close to beaches, marinas and lifestyle facilities.
Location & Connectivity
Dubai Islands waterfront community
Close to beach access
Close to future marinas and hotels
Near waterfront promenades
Easy access to Infinity Bridge
Close to Deira and Dubai Creek
20 minutes to Dubai International Airport
24 minutes to Downtown Dubai
5 minutes to Waterfront Market
Connected to major Dubai roads
Amenities
Swimming pool
Kids’ pool
Gym
Outdoor gym
Jogging track
Padel court
Yoga space
Table tennis
Kids’ play area
Landscaped gardens
BBQ area
Seating promenade
Covered parking
Security

Posted on: 25th August 2026