Staff Report
Dubai, UAE
MGS Development, a renowned real estate developer, has launched the new phase of Edgewater Residences, a waterfront development within Dubai Islands. The residential project comprises three 12-storey towers with two podium floors featuring one- to three- bedroom semi-fitted apartments. With phase 1 and 2 almost sold out with only a handful of units available, the development is heading towards completion by Q4 2026.
MGS Development has partnered with Ayenk, a Miami-based architectural firm to develop Edgewater Residences. It has appointed Metropolitan Premium Properties (MPP), the flagship property company of the Metropolitan Group, as sales and marketing partner for the project.
Mohab Samak, Executive Director – Exclusive Projects and Off-plan at Metropolitan Premium Properties, said, “Edgewater Residences exemplifies the pinnacle of luxury waterfront living in Dubai. Nestled within the iconic Dubai Islands, the development offers residents unparalleled access to 40km of new coastline, 21km of sandy beaches, nine exclusive marinas, 80 world-class hotels, a championship golf course and ultra-luxury villas. From fine dining and boutique shopping to wellness retreats and pristine shorelines, this development is ideal for those who seek refined living in one of Dubai’s most coveted and up-coming destinations.”
The Edgewater Residences are located only 50 metres away from the beach, allowing residents to enjoy waterfront views and beachside activities. Outdoor amenities include an overflow and kids pool, padel court, jogging track, open air gym, table tennis, seating promenade, kids playground, yoga space, and a quiet zone for relaxation. Indoor amenities include a kids play room, gym, and meeting and co-working spaces.
Prices of units start from Dh1.68 million and buyers can opt for a flexible 35/65 payment plan.
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Also read: Nakheel and Excelsior unveil Phase II of Rixos Dubai Islands Hotel & Residences
