Edgewater Residences Phase 3 By MGS in Dubai Islands
Edgewater Residences Phase 3 By MGS · Dubai Islands, Dubai
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Launch Price
AED 1.95M
Property Type
Apartment
Bedrooms
1 - 3 Beds
Payment Plan
10/50/40
Handover
Q3 2026
Projected Yield
5.4 to 7.5%
Buyers in Dubai Islands can access 1 - 3 beds apartment options at Edgewater Residences Phase 3 By MGS from AED 1.95M. A 10% booking payment secures the unit. Construction-phase instalments total 50%, with the remaining 40% due at handover scheduled for Q3 2026. The regenerating coastline here supports both short and long-term rental demand, reflected in projected gross yields in the 5.4 to 7.5% range. MonthlyDubai sends personalised shortlists to WhatsApp within 48 hours. Free to use, no agency commission involved.
Payment Plan Breakdown
From AED 162,108/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 194,530 Due on signing SPA |
|
| During Construction | 50% | AED 162,108/mo 6 monthly instalments |
|
| On Handover | 40% | AED 778,120 Due at Q3 2026 |
|
| Total | AED 1,945,300 | ||
On Booking
10%
AED 194,530
Due on signing SPA
During Construction
50%
AED 162,108/mo
6 monthly instalments
On Handover
40%
AED 778,120
Due at Q3 2026
Total
100%
AED 1,945,300
Questions about Edgewater Residences Phase 3 By MGS
What payment plan does Edgewater Residences Phase 3 By MGS offer?
Edgewater Residences Phase 3 By MGS uses a 10/50/40 payment plan. Buyers pay 10% at booking, with the remaining spread across construction and handover in Q3 2026.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Edgewater Residences Phase 3 By MGS fits your budget and send you comparable alternatives.
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