by MGS Development
Edgewater ResidencesPayment Plan
Dubai Islands, Dubai, UAE
Developer
MGS Development
Starting Price
AED 2,100,000
Unit Types
1-4 BR · 1-3 Bedroom · Type A, Floor 1 · Type B, Floors 2nd to 11th · Type C, Floor 12
Size Range
747 - 2,342 sqft
69 - 218 sqm
Handover
Q3 2026
Payment Plan
5 - 10 - 5 - 10 - 5 - 65%
Booking - Construction - Handover
Edgewater Residences Payment Plan & Buyer Costs
Edgewater Residences offers a 35/65 payment plan. Buyers pay 35% of the property value during the construction period, with the remaining 65% payable upon handover. The project is currently listed by MGS Development with completion scheduled for Q4 2026.
Beyond the purchase price, budget for the one-time Dubai Land Department fee (4%), the Oqood off-plan registration (around AED 3,000) and standard agency fees. Dubai charges no annual property tax and no capital-gains tax, so investment returns are kept in full.
Starting Price
2,100,000Starting from AED 2.1M
5 - 10 - 5 - 10 - 5 - 65%
Payment Plan
5 - 10 - 5 - 10 - 5 - 65%
Booking
5%
AED 105,000
1st Installment
10%
AED 210,000
2nd Installment
5%
AED 105,000
3rd Installment
10%
AED 210,000
4th Installment
5%
AED 105,000
Handover
65%
AED 1,365,000
Edgewater Residences offers a 35/65 payment plan. Buyers pay 35% of the property value during the construction period, with the remaining 65% payable upon handover. The project is currently listed by MGS Development with completion scheduled for Q4 2026.
Accepted Methods
Units Information
Unit Types
1-4 BR, 1-3 Bedroom, Type A, Floor 1, Type B, Floors 2nd to 11th, Type C, Floor 12
Size Range
747 - 2,342 sqft
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2,100,000Starting from AED 2.1M
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2,100,000Starting from AED 2.1M
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Project Details
Regulatory Permit
Ideal For
Buyer's Guide & Resources
Essential reading for property buyers in Dubai
How to Buy Property in Dubai
Step-by-step: from RERA agent to title deed in 30 days
Golden Visa Through Property
AED 2M threshold, eligibility and family inclusion
Off-Plan vs Ready Properties
Pros, cons and decision matrix for each type
DLD Fees Explained
The real all-in cost beyond the 4% headline
Title Deed vs Oqood
Why this difference matters for resale and visa
Buying as a Non-Resident
Power of attorney, financing and timelines explained