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?
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Source: YallaValue analysis of Dubai Land Department records. 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.
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).
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Dec 20246 December 2024 | 747 sqft | 1,649,680 | 2,207 | ||
| 4 Oct 20244 October 2024 | 747 sqft | 1,641,665 | 2,196 | ||
| 27 Sep 202427 September 2024 | 747 sqft | 1,657,221 | 2,217 | ||
| 27 Sep 202427 September 2024 | 548 sqft | 1,212,884 | 2,215 |
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 | |||||
|---|---|---|---|---|---|
| 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.
Source: YallaValue analysis of Dubai Land Department records. 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.
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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 AED 69,841 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →