Edgewater Residences 3, Dubai Islands: Prices, Rents and Recent Sales

Updated 5 October 2026 · Source: Dubai Land Department records · All Dubai area guides

How much does it cost to buy or rent in Edgewater Residences 3?

The most recent sale DLD has recorded in Edgewater Residences 3 was a 1-bedroom for AED 2,236,354 on 10 September 2026. Over the past 6 months, 6 sales had a median of AED 2,726 per sq ft, against AED 2,721 over 12 months (10 sales).

Source: DLD-recorded sales and Ejari contracts for Edgewater Residences 3, Palm Deira. "6 months" and "12 months" mean the 6 and 12 months to the latest data.

Edgewater Residences 3 brochure and floor plans

MGS Development's official documents: Brochure (25 pages) · Payment plan (1 pages). Sent to you on WhatsApp in seconds, together with the AYAN app link.

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Recent sales in Edgewater Residences 3

The latest DLD-recorded sales, newest first. Share transfers and data errors are filtered out by the DLD API.

Prices and rents by bedroom in Edgewater Residences 3

Over the past 6 months, a typical 1-bedroom in Edgewater Residences 3 sold for AED 2,236,354. Over 12 months the figures were AED 2,233,434 to buy.

Sale prices

Sale prices: median of DLD-recorded sales of each type in the 6 and 12 months to 7 October 2026 (at least 3 sales). * Busy building: median of the latest 10 sales, all inside that period. Rents: median of Ejari contracts registered in each period (at least 5), matched to each type by the building's registered unit sizes. Gross yield is annual rent divided by the sale price for the same period, before service charges and other costs. – means too few records in that period, or a figure still being compiled.

How prices have moved around Edgewater Residences 3

The median price per sq ft across Dubai Islands went from AED 2,071 in Q4 2024 to AED 2,552 in Q3 2026, up 23.2%, and up 9.7% on the same quarter a year earlier. Recent sales in Edgewater Residences 3 averaged AED 2,721 per sq ft, 6.6% above the district.

District figures: DLD-recorded sales across Palm Deira, quarters with at least 10 sales. A building-level chart replaces this once enough quarterly data is loaded.

How Edgewater Residences 3 compares with Dubai Islands

Recent sales here ran 4.3% above the Dubai Islands median of AED 2,609 per sq ft in September 2026. The district's gross rental yield was 5.7% in the same report. Edgewater Residences 3 is by M G S Development, and DLD recorded 93 sales in the project over the past 24 months. DLD lists 3 buildings under this project name, and the figures on this page combine them.

Market reports

For the wider picture, read our monthly reports built from the same DLD records.

• Dubai market report, August 2026: Prices firm as volume slips in August. A pause, or a turn?

Before you buy in Edgewater Residences 3

• Ask for the service charge per sq ft and the last two years of statements.
• Check whether the unit is ready or off-plan. For off-plan, get the handover date and payment plan in writing.
• Compare the asking price with recorded sales in the same building, not just the area median.
• Get mortgage pre-approval before you make an offer, so you know your real budget.

Questions buyers and owners ask

How much is an apartment in Edgewater Residences 3?

1-bedrooms sold at a median of AED 2,236,354 over the past 6 months (AED 2,233,434 over 12 months), based on DLD-recorded sales.

Who developed Edgewater Residences 3?

M G S Development, according to the DLD project register.

Which area is Edgewater Residences 3 in?

DLD records it in Palm Deira, the district that covers Dubai Islands.

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