501, Edgewater Residences 1
Sold prices and rental history: sold once, by the developer in November 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Edgewater Residences 1
What is 501 worth today?
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Source: Dubai Land Department. Updated 19 November 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,489 sqft
- Floor
- 5th of 12
- Parking
- 2
- Developer
- MGS Development
- Last sold
- AED 2.85M · November 2024
- Building
- Edgewater Residences 1
About 501, Edgewater Residences 1
501 is a three-bedroom apartment of 1,489 sqft on the 5th floor of Edgewater Residences 1, a 12-storey tower in Dubai Islands by MGS Development . The developer sold it on 19 November 2024 for AED 2,853,559, or AED 1,916 per sqft, in line with the AED 1,916 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
3-beds in Edgewater Residences 1, and where 501 sits
All 22 3-beds →501 last sold in November 2024 at AED 1,916 per sqft, in line with what three-beds in Edgewater Residences 1 were fetching at the time (AED 1,916).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Nov 202426 November 2024 | 1,365 sqft | 2,795,681 | 2,047 | ||
| 22 Nov 202422 November 2024 | 1,365 sqft | 2,640,163 | 1,933 | ||
| 22 Nov 202422 November 2024 | 1,365 sqft | 2,447,282 | 1,792 | ||
| 14 Nov 202414 November 2024 | 1,413 sqft | 2,700,414 | 1,910 |
Edgewater Residences 1
Building65 apartments, 1-bed to 3-bed over 12 floors in Dubai Islands by MGS Development . 7 sold in the last 12 months.
- Typical price per sqft
- AED 2,328
- Typical sale
- AED 1.7M
- Typical rent
- Few contracts
- Typical yield
Other units on the 5th floor
All 65 units in Edgewater Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 2-bed | 1,128 sqft | AED 2.27MAED 2,270,817 · Sep 2024September 2024 | ||
| 503 | 2-bed | 1,051 sqft | AED 2.1MAED 2,098,283 · Nov 2024November 2024 | ||
| 504 | 1-bed | 551 sqft | AED 1.2MAED 1,204,293 · Sep 2024September 2024 | ||
| 506 | 1-bed | 747 sqft | AED 1.54MAED 1,543,611 · Jul 2024July 2024 | ||
| 507 | 3-bed | 1,365 sqft | AED 2.62MAED 2,615,716 · Nov 2024November 2024 |
501, Edgewater Residences 1 in numbers
- Sold once: by MGS Development on 19 November 2024 for AED 2,853,559, or AED 1,916 per sqft.
Source: Dubai Land Department. Updated 19 November 2024.
Questions about 501, Edgewater Residences 1
What did unit 501 last sell for?
AED 2,853,559 on 19 November 2024, sold by the developer: AED 1,916 per sqft for 1,489 sqft. It is the only registered sale of the unit.
How big is unit 501?
1,489 sqft (138.3 sqm): a three-bedroom apartment on the 5th floor of a 12-storey tower.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 501, Edgewater Residences 1
Starts from the last sale price (AED 2.85M, 19 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,853,559
- Deposit, UAE resident (20%)
- AED 570,712
- Deposit, non-resident (40%)
- AED 1,141,424
- Monthly over 25 years at 3.7%
- AED 11,675
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →