506, Edgewater Residences 1
Sold prices and rental history: sold once, by the developer in July 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 506, Edgewater Residences 1
What is 506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 15 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 747 sqft
- Floor
- 5th of 12
- Parking
- 1
- Developer
- MGS Development
- Last sold
- AED 1.54M · July 2024
- Building
- Edgewater Residences 1
About 506, Edgewater Residences 1
506 is a one-bedroom apartment of 747 sqft on the 5th floor of Edgewater Residences 1, a 12-storey tower in Dubai Islands by MGS Development . The developer sold it on 15 July 2024 for AED 1,543,611, or AED 2,065 per sqft, in line with the AED 2,053 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Edgewater Residences 1, and where 506 sits
All 21 1-beds →506 last sold in July 2024 at AED 2,065 per sqft, in line with what one-beds in Edgewater Residences 1 were fetching at the time (AED 2,053). Over the last 12 months one-beds sold for AED 1,275,000 to 1,700,000, around AED 2,416 per sqft.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Aug 202617 August 2026 | 747 sqft | 1,700,000 | 2,275 | ||
| 24 Dec 202524 December 2025 | 548 sqft | 1,275,000 | 2,328 | ||
| 16 Dec 202516 December 2025 | 551 sqft | 1,380,000 | 2,504 | ||
| 15 Dec 202515 December 2025 | 548 sqft | 1,400,000 | 2,556 |
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 | ||
| 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 | ||
| 507 | 3-bed | 1,365 sqft | AED 2.62MAED 2,615,716 · Nov 2024November 2024 |
506, Edgewater Residences 1 in numbers
- Sold once: by MGS Development on 15 July 2024 for AED 1,543,611, or AED 2,065 per sqft.
- One-beds in Edgewater Residences 1 sold for AED 1,275,000–1,700,000 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 15 July 2024.
Questions about 506, Edgewater Residences 1
What did unit 506 last sell for?
AED 1,543,611 on 15 July 2024, sold by the developer: AED 2,065 per sqft for 747 sqft. It is the only registered sale of the unit.
How big is unit 506?
747 sqft (69.4 sqm): a one-bedroom apartment on the 5th floor of a 12-storey tower.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Edgewater Residences 1 sold for AED 1,275,000 to 1,700,000 in the last 12 months, around AED 2,416 per sqft.
Selling 506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 506, Edgewater Residences 1
Starts from the last sale price (AED 1.54M, 15 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,543,611
- Deposit, UAE resident (20%)
- AED 308,722
- Deposit, non-resident (40%)
- AED 617,444
- Monthly over 25 years at 3.7%
- AED 6,315
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →