408, Edgewater Residences 2
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 408, Edgewater Residences 2
What is 408 worth today?
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Source: Dubai Land Department. Updated 7 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,082 sqft
- Floor
- 4th of 12
- Parking
- 1
- Developer
- MGS Development
- Completed
- 2026
- Last sold
- AED 2.11M · November 2024
- Building
- Edgewater Residences 2
About 408, Edgewater Residences 2
408 is a two-bedroom apartment of 1,082 sqft on the 4th floor of Edgewater Residences 2, a 12-storey tower in Dubai Islands completed in 2026 by MGS Development . The developer sold it on 7 November 2024 for AED 2,105,578, or AED 1,945 per sqft, 4% below the AED 2,027 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 408 over time
408 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Edgewater Residences 2, and where 408 sits
All 44 2-beds →408 last sold in November 2024 at AED 1,945 per sqft, 4% below what two-beds in Edgewater Residences 2 were fetching at the time (AED 2,027). Over the last 12 months two-beds sold for AED 2,393,335 to 3,400,739, around AED 2,293 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Oct 202613 October 2026 | 1,144 sqft | 2,393,335 | 2,092 | ||
| 7 Jul 20267 July 2026 | 1,272 sqft | 2,827,887 | 2,223 | ||
| 3 Jul 20263 July 2026 | 1,553 sqft | 3,369,115 | 2,170 | ||
| 3 Jul 20263 July 2026 | 1,550 sqft | 3,400,739 | 2,194 |
Edgewater Residences 2
Building87 apartments, 1-bed to 3-bed over 12 floors in Dubai Islands, completed in 2026 by MGS Development . 20 sold in the last 12 months.
- Typical price per sqft
- AED 2,294 Up 6.3%
- Typical sale
- AED 2.92M
- Typical rent
- Few contracts
- Typical yield
Other units on the 4th floor
All 87 units in Edgewater Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | 1-bed | 876 sqft | AED 1.93MAED 1,927,502 · Feb 2025February 2025 | ||
| 403 | 3-bed | 1,654 sqft | AED 3.23MAED 3,233,692 · Nov 2024November 2024 | ||
| 404 | 2-bed | 1,144 sqft | AED 2.2MAED 2,201,868 · Nov 2024November 2024 | ||
| 405 | 1-bed | 846 sqft | AED 2.03MAED 2,034,550 · Dec 2025December 2025 | ||
| 406 | 2-bed | 1,376 sqft | AED 3.05MAED 3,054,396 · Jan 2026January 2026 | ||
| 407 | 2-bed | 1,191 sqft | AED 2.43MAED 2,434,137 · Jan 2025January 2025 |
408, Edgewater Residences 2 in numbers
- Sold once: by MGS Development on 7 November 2024 for AED 2,105,578, or AED 1,945 per sqft.
- Two-beds in Edgewater Residences 2 sold for AED 2,393,335–3,400,739 in the 12 months to November 2026; the building's median across all types is AED 2,294 per sqft.
Source: Dubai Land Department. Updated 7 November 2024.
Questions about 408, Edgewater Residences 2
What did unit 408 last sell for?
AED 2,105,578 on 7 November 2024, sold by the developer: AED 1,945 per sqft for 1,082 sqft. It is the only registered sale of the unit.
How big is unit 408?
1,082 sqft (100.5 sqm): a two-bedroom apartment on the 4th floor of a 12-storey tower completed in 2026.
What is unit 408 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 2 sold for AED 2,393,335 to 3,400,739 in the last 12 months, around AED 2,293 per sqft.
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Mortgage on 408, Edgewater Residences 2
Starts from the last sale price (AED 2.11M, 7 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,105,578
- Deposit, UAE resident (20%)
- AED 421,116
- Deposit, non-resident (40%)
- AED 842,231
- Monthly over 25 years at 3.7%
- AED 8,615
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →