Edgewater Residences

1. Is it on schedule?9% built in July 2026; the register gives no handover date · DLD project register, Jul 20269%Context
2. Is my money protected?Payments go to an escrow account at بنك ابوظبى التجارى, as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,329/sqft, 15.5% below the Dubai Islands off-plan median across 112 projects-15.5%Context
4. Is it selling?7 off-plan sales registered in the last 12 months, of 79 units; the latest on 14 Sept 20267Context
5. Who is building it?M G S, licence no. 1624Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك ابوظبى التجارى

Developer, as licensed

M G S DEVELOPMENT L.L.C (no. 1624)

Master developer

Nakheel

Registered start

April 2024

Configuration

proposed G+2P+12TYP+R Residential Building.The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

What does Edgewater Residences cost per square foot?

AED 2,329 per sqft, the median of 7 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.70M. That is 15.5% below the Dubai Islands off-plan median across 112 projects.

Is Edgewater Residences in escrow?

Yes: the Land Department register names بنك ابوظبى التجارى as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Edgewater Residences?

M G S DEVELOPMENT L.L.C, licence no. 1624, by the register’s own licence number; the master developer that owns the land is Nakheel. Dubai Land Department project register as of July 2026.

How many units does Edgewater Residences have?

79 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.