Edgewater Residences Phase 2 By MGS in Dubai Islands
Edgewater Residences Phase 2 By MGS covers 1 - 3 beds configurations in Dubai Islands, Dubai, from AED 1.95M. Buyers pay 10% on booking, 50% across the construction phase, and settle the final 40% on handover in Q3 2026. Short-term lets command strong rates in this coastal Dubai location, with projected gross returns between 5.4 and 7.5 percent annually. Use MonthlyDubai's free matching service to check whether Edgewater Residences Phase 2 By MGS fits what you can comfortably pay each month.
Payment Plan Breakdown
Minimum monthly instalment during construction: AED 162,108. No mortgage or bank approval required.
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 194,530 Due on signing SPA | |
| During Construction | 50% | AED 162,108/mo 6 months | |
| On Handover | 40% | AED 778,120 Due at Q3 2026 | |
| Total | 100% | AED 1,945,300 |
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