704, 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 704, Edgewater Residences 1
What is 704 worth today?
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Source: Dubai Land Department. Updated 24 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 551 sqft
- Floor
- 7th of 12
- Parking
- 1
- Developer
- MGS Development
- Last sold
- AED 1.14M · July 2024
- Building
- Edgewater Residences 1
About 704, Edgewater Residences 1
704 is a one-bedroom apartment of 551 sqft on the 7th floor of Edgewater Residences 1, a 12-storey tower in Dubai Islands by MGS Development . The developer sold it on 24 July 2024 for AED 1,137,181, or AED 2,063 per sqft, in line with the AED 2,058 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 704 over time
704 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 704 sits
All 21 1-beds →704 last sold in July 2024 at AED 2,063 per sqft, in line with what one-beds in Edgewater Residences 1 were fetching at the time (AED 2,058). 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 7th floor
All 65 units in Edgewater Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 1,489 sqft | AED 2.87MAED 2,866,584 · Sep 2024September 2024 | ||
| 702 | 2-bed | 1,128 sqft | AED 2.28MAED 2,281,711 · Aug 2024August 2024 | ||
| 703 | 2-bed | 1,051 sqft | AED 2.11MAED 2,108,344 · Jul 2024July 2024 | ||
| 706 | 1-bed | 747 sqft | AED 1.65MAED 1,649,680 · Dec 2024December 2024 | ||
| 707 | 3-bed | 1,365 sqft | AED 2.8MAED 2,795,681 · Nov 2024November 2024 |
704, Edgewater Residences 1 in numbers
- Sold once: by MGS Development on 24 July 2024 for AED 1,137,181, or AED 2,063 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 24 July 2024.
Questions about 704, Edgewater Residences 1
What did unit 704 last sell for?
AED 1,137,181 on 24 July 2024, sold by the developer: AED 2,063 per sqft for 551 sqft. It is the only registered sale of the unit.
How big is unit 704?
551 sqft (51.2 sqm): a one-bedroom apartment on the 7th floor of a 12-storey tower.
What is unit 704 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.
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Mortgage on 704, Edgewater Residences 1
Starts from the last sale price (AED 1.14M, 24 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,137,181
- Deposit, UAE resident (20%)
- AED 227,436
- Deposit, non-resident (40%)
- AED 454,872
- Monthly over 25 years at 3.7%
- AED 4,653
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →