About Edgewater Residences 3
Edgewater Residences 3 is a residential development by M G S Development, in Palm Deira, Dubai. It rises 15 storeys (a ground floor, 2 podium levels, 12 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 328 homes across 3 buildings.
Key information
Developer
M G S Development
- Expected handover
- Q3 2026
- Status
- Under construction
- Location
- Palm Deira, Dubai
- Master project
- Palm Deira
- Construction started
- 2024
- Number of buildings
- 3
- Number of units
- 328
- Registered with DLD
- 10 Mar 2025
- Escrow bank
- Abu Dhabi Commercial Bank
- Escrow account no.
- 13038714920008
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2024
- Under construction30% complete
- Expected handoverQ3 2026
Construction progress
28 inspection photos from the Dubai Land Department. Latest 31 Aug 2026 at 30% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
3 Swimming Pools
Covered Parking
7 Elevators
15 Floors
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
145
Median price
AED 2.3M
Median price / sqft
AED 3K+9%
Off-plan share
100%
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| 1 Bed | 93 | 798 sqft | AED 2.2M | AED 3K |
| 2 Bed | 34 | 1,248 sqft | AED 3.0M | AED 2K |
| 3 Bed | 18 | 2,246 sqft | AED 4.9M | AED 2K |
Price per sqft by year
+9% since 2025AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 08 Sept 2026 | Off-plan | 786 sqft | AED 2.3M | AED 3K |
| 16 Jul 2026 | Off-plan | 786 sqft | AED 2.2M | AED 3K |
| 04 Jun 2026 | Off-plan | 1,261 sqft | AED 3.0M | AED 2K |
| 11 May 2026 | Off-plan | 789 sqft | AED 2.2M | AED 3K |
| 28 Apr 2026 | Off-plan | 846 sqft | AED 2.2M | AED 3K |
| 14 Apr 2026 | Off-plan | 787 sqft | AED 2.2M | AED 3K |
| 10 Apr 2026 | Off-plan | 795 sqft | AED 2.2M | AED 3K |
| 01 Apr 2026 | Off-plan | 849 sqft | AED 2.2M | AED 3K |
Unit mix
328 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| 1 B/R | 166 | 645 - 2,481 sqft |
| 2 B/R | 105 | 1,081 - 2,618 sqft |
| 3 B/R | 57 | 1,533 - 4,826 sqft |
Payment plan
Payment plans are set by M G and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Palm Deira, Dubai.
Edgewater Residences 3
Dubai, United Arab Emirates
Frequently asked questions
Edgewater Residences 3 has a planned handover of Q3 2026, and the latest DLD inspection puts construction at 30% complete.
