502, Edgewater Residences 1
Sold prices and rental history: sold once, by the developer in September 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 502, Edgewater Residences 1
What is 502 worth today?
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Source: Dubai Land Department. Updated 10 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,128 sqft
- Floor
- 5th of 12
- Parking
- 1
- Developer
- MGS Development
- Last sold
- AED 2.27M · September 2024
- Building
- Edgewater Residences 1
About 502, Edgewater Residences 1
502 is a two-bedroom apartment of 1,128 sqft on the 5th floor of Edgewater Residences 1, a 12-storey tower in Dubai Islands by MGS Development . The developer sold it on 10 September 2024 for AED 2,270,817, or AED 2,013 per sqft, in line with the AED 2,016 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 502 over time
502 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Edgewater Residences 1, and where 502 sits
All 22 2-beds →502 last sold in September 2024 at AED 2,013 per sqft, in line with what two-beds in Edgewater Residences 1 were fetching at the time (AED 2,016). Over the last 12 months two-beds sold for AED 2,250,000 to 3,093,093, around AED 2,115 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Sep 202614 September 2026 | 1,319 sqft | 3,093,093 | 2,345 | ||
| 13 Jul 202613 July 2026 | 1,128 sqft | 2,292,606 | 2,033 | ||
| 2 Feb 20262 February 2026 | 1,063 sqft | 2,250,000 | 2,115 | ||
| 11 Dec 202411 December 2024 | 1,128 sqft | 2,259,922 | 2,004 |
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 | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,489 sqft | AED 2.85MAED 2,853,559 · Nov 2024November 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 |
502, Edgewater Residences 1 in numbers
- Sold once: by MGS Development on 10 September 2024 for AED 2,270,817, or AED 2,013 per sqft.
- Two-beds in Edgewater Residences 1 sold for AED 2,250,000–3,093,093 in the 12 months to November 2026; the building's median across all types is AED 2,328 per sqft.
Source: Dubai Land Department. Updated 10 September 2024.
Questions about 502, Edgewater Residences 1
What did unit 502 last sell for?
AED 2,270,817 on 10 September 2024, sold by the developer: AED 2,013 per sqft for 1,128 sqft. It is the only registered sale of the unit.
How big is unit 502?
1,128 sqft (104.8 sqm): a two-bedroom apartment on the 5th floor of a 12-storey tower.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Edgewater Residences 1 sold for AED 2,250,000 to 3,093,093 in the last 12 months, around AED 2,115 per sqft.
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Mortgage on 502, Edgewater Residences 1
Starts from the last sale price (AED 2.27M, 10 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,270,817
- Deposit, UAE resident (20%)
- AED 454,163
- Deposit, non-resident (40%)
- AED 908,327
- Monthly over 25 years at 3.7%
- AED 9,291
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →