MGS Development · Dubai Islands · handover Q1 2027
Edgewater Residences 1, 2 and 3 payment plan, price and handover
Edgewater Residences 1, 2 and 3 by MGS Development in Dubai Islands, Dubai is sold on a 10/30/10, 50% post-handover payment plan. On the cheapest unit, starting from AED 2.18M, that is AED 1.09M (50%) paid by handover in Q1 2027 and AED 1.09M (50%) after the keys. Handover is 4 months away.
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The Edgewater Residences 1, 2 and 3 payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On booking | 10% |
| During construction (5% monthly) | 30% |
| Upon Handover | 10% |
| Within 24 months PH | 50% |
On the cheapest unit (1 BR, 645 sqft, AED 2.18M)
| On booking | AED 217,874 |
| During construction (5% monthly) | AED 653,621 |
| Upon Handover | AED 217,874 |
| Within 24 months PH | AED 1,089,368 |
| Paid by handover (50%) | AED 1,089,368 |
| Months to handover | 4 |
| After handover (50%) | AED 1,089,368 |
Percentages as published by MGS Development. Dirham figures are those percentages applied to the published starting price of AED 2,178,736. Registration and other fees are not included.
The Edgewater Residences 1, 2 and 3 instalment schedule, line by line
MGS Development publishes 3 payment plans for Edgewater Residences 1, 2 and 3. Each is shown as published, with every instalment and the charges listed alongside it.
Plan 1 of 2: Payment plan Phase 1
Published by MGS Development
| Stage | Instalment | Share | On AED 2,178,736 |
|---|---|---|---|
| On booking | as published | 10% | AED 217,874 |
| During construction50% | 1st Installment to 2nd Installment | 2 × 20% | AED 435,747 each |
| 3rd Installment | 10% | AED 217,874 | |
| Upon Handover | as published | 40% | AED 871,494 |
| Total of the plan | 100% | AED 2,178,736 | |
Plan 2 of 2: Payment plan Phase 2
Published by MGS Development
| Stage | Instalment | Share | On AED 2,178,736 |
|---|---|---|---|
| On booking | as published | 10% | AED 217,874 |
| During construction30% | 1st Installment to 3rd Installment | 3 × 10% | AED 217,874 each |
| Upon Handover | as published | 60% | AED 1,307,242 |
| Total of the plan | 100% | AED 2,178,736 | |
Instalments and charges as published by MGS Development; the dirham column applies each percentage to the published starting price of AED 2,178,736. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at Edgewater Residences 1, 2 and 3
The same plan, applied to the starting price MGS Development publishes for each size in the building.
| Unit | From | On booking (10%) | During construction (5% monthly) (30%) | Upon Handover (10%) | Within 24 months PH (50%) |
|---|---|---|---|---|---|
| 1 bedfrom 645 sq ft | AED 2,178,736 | AED 217,874 | AED 653,621 | AED 217,874 | AED 1,089,368 |
| 2 bedfrom 1,081 sq ft | AED 2,904,805 | AED 290,481 | AED 871,442 | AED 290,481 | AED 1,452,403 |
| 3 bedfrom 1,533 sq ft | AED 3,757,769 | AED 375,777 | AED 1,127,331 | AED 375,777 | AED 1,878,885 |
| 3 bedfrom 4,826 sq ft | AED 22,000,000 | AED 2,200,000 | AED 6,600,000 | AED 2,200,000 | AED 11,000,000 |
| 4 bedfrom 2,162 sq ft | AED 5,013,215 | AED 501,322 | AED 1,503,965 | AED 501,322 | AED 2,506,608 |
Starting price per size as published by MGS Development; each column is that size’s published starting price multiplied by the stage percentage above.
What it costs to register Edgewater Residences 1, 2 and 3
The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to MGS Development and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.
| Unit | From | Land Department 4% |
|---|---|---|
| 1 bed | AED 2,178,736 | AED 87,149 |
| 2 bed | AED 2,904,805 | AED 116,192 |
| 3 bed | AED 3,757,769 | AED 150,311 |
| 3 bed | AED 22,000,000 | AED 880,000 |
| 4 bed | AED 5,013,215 | AED 200,529 |
4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.
Everything else on Edgewater Residences 1, 2 and 3
- Edgewater Residences 1, 2 and 3: prices, units and handover
- Edgewater Residences 1, 2 and 3 floor plans and unit sizes
- Off-plan projects we list in Dubai Islands
- MGS Development projects we list
- Projects we list handing over in 2027
- Post-handover payment plans in Dubai Islands
- Post-handover payment plans across Dubai
- Every off-plan project we list
- Ask us for the Edgewater Residences 1, 2 and 3 brochure
Edgewater Residences 1, 2 and 3 payment plan: questions buyers ask
- What is the payment plan for Edgewater Residences 1, 2 and 3?
- Edgewater Residences 1, 2 and 3 by MGS Development is sold on a 10/30/10, 50% post-handover plan: 10% on booking, 30% during construction (5% monthly), 10% upon handover, 50% within 24 months ph, as published by the developer.
- How much is the booking amount for Edgewater Residences 1, 2 and 3?
- 10% of the price. On the cheapest unit at AED 2.18M that is AED 217,874.
- How much do I pay before I get the keys to Edgewater Residences 1, 2 and 3?
- 50% of the price, the payment due on handover day included. On the cheapest unit at AED 2.18M that is AED 1.09M by handover in Q1 2027.
- Does Edgewater Residences 1, 2 and 3 have a post-handover payment plan?
- Yes. 50% (AED 1.09M on the cheapest unit) is paid after handover. If you sell before handover, this is how it works.
- What are the registration fees on Edgewater Residences 1, 2 and 3?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 2.18M that is AED 87,149. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
- When is the handover of Edgewater Residences 1, 2 and 3?
- MGS Development publishes Q1 2027, which is 4 months from now.
Payment plans in Dubai Islands
starting from
AED 2.18M
handover Q1 2027