Edgewater Residences 3

1. Is it on schedule?5% built in July 2026 against a January 2027 handover: 95% left to build in 6 months · DLD project register, Jul 20265%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 2,820/sqft, 2.3% above the Dubai Islands off-plan median across 112 projects+2.3%Context
4. Is it selling?38 off-plan sales registered in the last 12 months, of 328 units; the latest on 10 Sept 202638Context
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

November 2024

Configuration

G+2P+12F+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.

When will Edgewater Residences 3 be completed?

The developer registered handover for January 2027, 6 months after DLD’s latest record, and the project was 5% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does Edgewater Residences 3 cost per square foot?

AED 2,820 per sqft, the median of 38 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.24M. That is 2.3% above the Dubai Islands off-plan median across 112 projects.

Is Edgewater Residences 3 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 3?

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 3 have?

328 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.