Edgewater Residences 3

About the project

Edgewater Residences 3 is a residential development by M G S Development on Dubai Islands. The active project comprises 328 units across three buildings, with one-, two- and three-bedroom apartments planned. Construction began on 30 November 2024, and the recorded completion ratio is 30.39%, with completion dated 31 January 2027.

The project and building configuration

Edgewater Residences 3 is configured as a G+2P+12F+R residential development: a ground floor, two podium levels, 12 residential floors and a rooftop. The registered project includes three buildings and 328 units. Its construction specification is a concrete structure with blockwork and internal and external finishes. The apartment collection is planned in one-, two- and three-bedroom configurations. The scheme is located on Dubai Islands, a multi-island waterfront destination on Dubai’s northern coastline. The project’s recorded total area is 38,375.67.

Homes at Edgewater Residences 3

The planned residences comprise one-, two- and three-bedroom apartments. The building format places the apartments across 12 residential floors above the ground floor and two podium levels, with a rooftop forming the upper part of the configuration. The project has 328 units in total across its three buildings. The homes are described with large windows, contemporary fixtures, modern appliances and finishes. These specifications form part of the planned residential offering for Edgewater Residences 3.

Amenities and shared facilities

Planned facilities at Edgewater Residences 3 include a swimming pool, fitness centre, gymnasium, landscaped gardens and a children’s play area. The amenity programme also includes sports courts, cycling trails, jogging trails and a running track. Covered indoor parking and a parking facility are included, together with 24-hour security. Retail outlets, restaurants and a supermarket are listed among the on-site facilities. The project also includes social spaces, a beach club BBQ area and sea views. These facilities are intended to sit within the residential development on Dubai Islands.

Dubai Islands location

Edgewater Residences 3 is on Dubai Islands. Dubai Islands Beach is 0.2 km from the project, while Dubai Heritage Village is 3.8 km away and Dubai Museum is 4.1 km away. Queen Elizabeth 2 is 4.6 km away. Maritime City Park is 4.4 km from the development, and Al Mamzar Beach Park is 5.6 km away. Dubai Creek Golf & Yacht Club is 7.3 km away. Vox Cinema at City Centre Shindagh is 4.2 km away, while Vox Cinemas at BurJuman Mall and Deira City Centre are 5.2 km and 6.4 km away respectively. Dubai Islands comprises five islands: Marina Island, Central Island, Shore Island, Golf Island and Elite Island.

Payment plan and completion date

The stated payment plan allocates 5% as a down payment on booking, 30% during construction across the first to fourth instalments, and 65% on handover at 100% completion. Construction started on 30 November 2024. The project is active, and its recorded completion ratio is 30.39%, based on an inspection dated 31 August 2026. The recorded completion date is 31 January 2027. Buyers considering the payment structure can therefore distinguish between the booking payment, the construction-stage instalments and the final handover payment.

M G S Development

Edgewater Residences 3 is developed by M G S Development. The company was founded in 2023. For this project, M G S Development is delivering a 328-unit residential scheme on Dubai Islands with a ground floor, two podium levels, 12 residential floors and a rooftop. The project is active and was started on 30 November 2024. Its recorded completion date is 31 January 2027. The development brings together one-, two- and three-bedroom apartments with planned facilities including a swimming pool, fitness centre, landscaped gardens, children’s play space, sports courts and parking.

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