Edgewater Residences 3: off-plan project in Palm Deira
Edgewater Residences 3 is an off-plan residential apartment project in Palm Deira, registered with the Dubai Land Department as project no. 3177 and developed by M G S Development L.L.C. From October 16, 2025 to October 16, 2026, 38 off-plan sales were registered there at a median price of AED 2,236,282 (AED 2,820 per sq ft); 80% of sales fall between AED 2,197,170 and AED 2,991,445.
- 38off-plan sales in 12 months
- AED 2,236,282median sale price
- AED 2,820median price per sq ft
- 5.2%construction progress (DLD)
- January 2027end date in the register
- 328registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 2,820 per sq ft, Edgewater Residences 3 is in line with the median of off-plan sales across the 46 projects tracked in Palm Deira (AED 2,799 per sq ft), and 59.5% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 38 off-plan sales in 12 months, about 3 a month; number 29 by sales in Palm Deira over the period.
- Construction: 5.2% complete in the DLD register, construction is at an early stage; planned end January 2027.
- Profile: a concentrated project, 81.6% of sales are the same unit type (apartment · 1 bedroom).
Edgewater Residences 3: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 3177 |
| Registered developer | M G S Development L.L.C (developer no. 1624) |
| Master developer | Nakheel.(p J S C) |
| Community (master project) | Palm Deira |
| DLD area | Palm Deira |
| Register status | active |
| Construction progress | 5.2% |
| Project start | November 30, 2024 |
| Planned end | January 31, 2027 |
| Registered units | 328 units |
| Buildings | 3 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
Edgewater Residences 3 off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · 1 bedroom, at a median AED 2,235,056.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · 1 bedroom | 31 | AED 2,235,056 | 2,191,480 – 2,478,927 | 73 m² (786 sq ft) | AED 2,821 |
| Apartment · 2 bedrooms | 6 | AED 2,974,756 | 2,877,444 – 3,628,348 | 111 m² (1,195 sq ft) | AED 2,462 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 1 bedroom: 81.6% of off-plan sales, with a median size of 73 m² (72 to 79 m² for 80% of them).
- Apartment · 1 bedroom: 81.6% (31 sales)
- Apartment · 2 bedrooms: 15.8% (6 sales)
- Apartment · 3 bedrooms: 2.6% (1 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
Edgewater Residences 3 off-plan price by quarter
The median off-plan price per sq ft moved from AED 2,578 in Q2 2025 to AED 2,721 in Q2 2026 (+5.6%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q2 2025 | 71 | AED 2,578 | — |
| Q3 2025 | 35 | AED 2,451 | -4.9% |
| Q4 2025 | 11 | AED 2,890 | +17.9% |
| Q1 2026 | 19 | AED 2,797 | -3.2% |
| Q2 2026 | 6 | AED 2,721 | -2.7% |
| Q3 2026 | 3 | AED 2,834 | — |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Where is Edgewater Residences 3?
Edgewater Residences 3 is in Palm Deira, Dubai.
- Nearest metro station: Palm Deira Metro Stations
- Nearest landmark: Dubai International Airport
Source: Dubai Land Department, reference points attached to registered sales.
Further reading
- All off-plan projects in Palm Deira
- All DLD sales at Edgewater Residences 3 (new and resale)
- Palm Deira property prices
- All M G S Development L.L.C projects
Other off-plan projects in Palm Deira
- Hado By Beyond — AED 3,155/sq ft
- The Meriva Collection — AED 3,453/sq ft
- Ellington Sands I — AED 2,774/sq ft
- Ellington Sands II — AED 2,799/sq ft
- Bay Grove Residences D - Dubai Islands — AED 2,616/sq ft
- LIV Oceanside — AED 3,158/sq ft
- Ocean Bay by Samana Developers — AED 2,355/sq ft
- Sunset Bay Grand by Imtiaz — AED 2,315/sq ft
More projects by M G S Development L.L.C
Same budget elsewhere in Dubai (around AED 2,236,282)
- DAMAC City 2, Dubai Water Canal — AED 2,233,420
- Amaal 8, Ras Al Khor Industrial First — AED 2,237,589
- Avenue Residence 7 By Nabni, Al Furjan — AED 2,231,966
- Eltiera Views, Jumeirah Islands — AED 2,237,828
- Cilia, Wadi Al Safa 4 — AED 2,223,500
- Parkside Views, Dubai Hills Estate — AED 2,220,000
Projects presented by Cevitas
Frequently asked questions
How much does a home at Edgewater Residences 3 cost?
Over the last 12 months, the 38 off-plan sales registered with the DLD show a median price of AED 2,236,282, or AED 2,820 per sq ft; 80% fall between AED 2,197,170 and AED 2,991,445. The developer's current prices are on its price list.
When will Edgewater Residences 3 be completed?
In the DLD project register (as of 15/06/2026), the project is "active", 5.2% complete, with a planned end date of January 31, 2027. The handover date is confirmed by the developer.
Who is the developer of Edgewater Residences 3?
The DLD register lists M G S Development L.L.C (developer no. 1624), in a community developed by Nakheel.(p J S C).
What unit types are sold at Edgewater Residences 3?
Off-plan sales over the last 12 months cover: apartment · 1 bedroom (31), apartment · 2 bedrooms (6), apartment · 3 bedrooms (1). Best-selling type: apartment · 1 bedroom, at a median AED 2,235,056 for 73 m².
Has the price per sq ft at Edgewater Residences 3 changed?
The median off-plan price moved from AED 2,578 per sq ft in Q2 2025 to AED 2,721 in Q2 2026, based on DLD-registered sales.
How do I get the Edgewater Residences 3 price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.