MGS Development: setting up a property you have never visited
A developer building on the Dubai Islands. Between handover and the first tenant there is a list of connections and registrations, and every one of them needs someone on the ground.
Edgewater Residences 3
Dubai Islands · MGS Development
Project factsheet
Developer MGS Development
District Dubai Islands
Layouts 1, 2 and 3 bedrooms
Photos and renders of the building and grounds — not of this particular unit.
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Layouts and the handover date come from the sales-launch announcement; the date of that announcement is shown next to the prices. It is what the developer claimed at launch, not a registry record — off-plan, phasing and dates get revised. I will send the current ones over WhatsApp.
Developer prices
These are the starting prices as of the date shown, not today's list: off-plan they are revised several times a year, and more often upwards than down.
- 2 bedrooms — unit B205 from AED 2 573 796 1 216 sqft, из них балкон 129 as of 6 October 2026
- 3 bedrooms — unit B208 from AED 4 466 166 1 978 sqft, из них балкон 226 as of 6 October 2026
Layout sizes from the same materials
- 1 bedroom в среднем 750 sqft, три планировки
- Developer
- MGS Development
Figures come from the developer's own materials sent to brokers, dated 6 October 2026. The commentary behind them is written up in the Russian version of this page.
About the building
A residential building in Dubai Islands. Developer — MGS Development. Architect — AYENK Inc..
What the building has
- Swimming pool
- Gym
- Children's area
- Sports courts
Specifications for Edgewater Residences 3 as published by the developer — the project is under construction, so there is no Land Department record yet. They describe the whole building, not the individual unit.
About the project
Edgewater Residences 3 is a residential building in Dubai Islands.
The developer is MGS Development. The architecture is by AYENK Inc..
Layouts, according to the sales-launch announcement — 1, 2 and 3 bedrooms.
There is not a single lot in this project in the database right now — it is refreshed every night, and listings here appear and go.
What the complex has
Swimming pool
Gym
Children's area
Sports courts
Where it is
The pin is placed by district — I send the exact address on request.
Nothing in the stock for this project right now
Lots for this project come and go, and the stock is topped up nightly. Message me — I will look through the closed bases and find the closest alternatives in Dubai Islands.
Ask about this projectFrequently asked about Edgewater Residences 3
Who is the developer of Edgewater Residences 3?
MGS Development. The architecture is by AYENK Inc..
What layouts are there in Edgewater Residences 3?
1-bedroom, 2-bedroom and 3-bedroom, according to the sales-launch announcement. Which sizes are actually free right now depends on what is on the market; I will send the current list.
Where is Edgewater Residences 3?
Dubai Islands. The reclaimed islands off Deira, formerly Deira Islands: beaches, hotels and new residential on the northern coast.
How much does an apartment in Edgewater Residences 3 cost?
Our database has no open listings for Edgewater Residences 3 at the moment. I will check the price of the layout you want against the closed databases and send it together with the deal costs.
What is on site at Edgewater Residences 3?
Swimming pool, Gym, Children's area, Sports courts. The list comes from the project description and covers the whole complex.
In the news
What has been written about the building, its developer and Dubai Islands
Dubai Islands villas: Bay Estate by Nakheel — 357 homes on Island E, from about AED 5.9m
Nakheel has released Bay Estate, the first community on Island E of Dubai Islands: 357 townhouses and villas plus 60 plots around two swimmable lagoons. A three-bedroom townhouse averages AED 5.9m; handover is estimated for January 2031.
Dubai Islands to Bur Dubai bridge: 1.4 km, eight lanes and a late-2026 opening
A 1 425 m bridge across Dubai Creek will link Dubai Islands directly to Bur Dubai: four lanes each way, 16 000 vehicles an hour, 18.5 m above the water. The AED 786m contract targets completion by the end of 2026. What the bridge changes for the islands and the old city.
Dubai Islands: JW Marriott Residences by CG Developers, and Nakheel's AED 527m infrastructure contract
CG Developers is building Dubai's first JW Marriott residence, priced from AED 1.72 million with a Q1 2028 handover. In parallel, Nakheel has awarded a AED 527 million contract for Island B's core infrastructure — roads, water and sewage for a future 49 000 homes.
Dubai Islands: the last waterfront land, from about $5 200 a square metre
A chain of reclaimed islands under a single government master plan. Almost no coastal land with direct beach access is left inside the emirate — and one or two new projects launch here every month. The opportunity and the risk are the same fact.
Flora Isle Real Estate Development: paying for Dubai property from abroad
A developer building on the Dubai Islands. The dirham’s peg to the dollar shapes the currency risk for every foreign buyer — and the transfer mechanics have costs of their own.
Mr. Eight Development: an off-plan villa on an island still being made
A developer building villas on the Dubai Islands. A house bought off-plan on new land combines two kinds of waiting, and they resolve on different timetables.
Metac Properties: what “beachfront” means on a reclaimed island
A developer with two projects on the Dubai Islands. Beach access is sold as a feature and defined as a legal arrangement — and the two are not always the same thing.
Imtiaz Developments: how to assess a developer that scaled fast
A mid-market company that went from a handful of projects to a large pipeline in a few years. What rapid growth does to risk, and the specific evidence that separates a good scaler from a stretched one.
Related services
Where this project stands today
I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.
Ask a question
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