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 | 1,379 sqft | 2,460,837 | 1,784 |
Edgewater Residences 1
Building64 apartments, 1-bed to 3-bed over 12 floors in Dubai Islands by MGS Development. 1 sold in the last 12 months.
- Typical price per sqft
- AED 2,115
- Typical sale
- AED 2.25M
- Typical rent
- Few contracts
- Typical yield
Other units on the 5th floor
All 64 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 AED 124,859 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →