702, Edgewater Residences 1
Sold prices and rental history: sold once, by the developer in August 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 702, Edgewater Residences 1
What is 702 worth today?
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Source: Dubai Land Department. Updated 1 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,128 sqft
- Floor
- 7th of 12
- Parking
- 1
- Developer
- MGS Development
- Last sold
- AED 2.28M · August 2024
- Building
- Edgewater Residences 1
About 702, Edgewater Residences 1
702 is a two-bedroom apartment of 1,128 sqft on the 7th floor of Edgewater Residences 1, a 12-storey tower in Dubai Islands by MGS Development. The developer sold it on 1 August 2024 for AED 2,281,711, or AED 2,023 per sqft, in line with the AED 2,023 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
2-beds in Edgewater Residences 1, and where 702 sits
All 21 2-beds →702 last sold in August 2024 at AED 2,023 per sqft, in line with what two-beds in Edgewater Residences 1 were fetching at the time (AED 2,023). Over the last 12 months two-beds sold for AED 2,250,000, around AED 2,115 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Feb 20262 February 2026 | 1,063 sqft | 2,250,000 | 2,115 | ||
| 11 Dec 202411 December 2024 | 1,128 sqft | 2,259,922 | 2,004 | ||
| 21 Nov 202421 November 2024 | 1,125 sqft | 2,118,719 | 1,883 | ||
| 21 Nov 202421 November 2024 | 1,051 sqft | 2,098,283 | 1,997 |
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 7th floor
All 64 units in Edgewater Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 1,489 sqft | AED 2.87MAED 2,866,584 · Sep 2024September 2024 | ||
| 703 | 2-bed | 1,051 sqft | AED 2.11MAED 2,108,344 · Jul 2024July 2024 | ||
| 704 | 1-bed | 551 sqft | AED 1.14MAED 1,137,181 · 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 |
702, Edgewater Residences 1 in numbers
- Sold once: by MGS Development on 1 August 2024 for AED 2,281,711, or AED 2,023 per sqft.
- Two-beds in Edgewater Residences 1 sold for AED 2,250,000–2,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,115 per sqft.
Source: Dubai Land Department. Updated 1 August 2024.
Questions about 702, Edgewater Residences 1
What did unit 702 last sell for?
AED 2,281,711 on 1 August 2024, sold by the developer: AED 2,023 per sqft for 1,128 sqft. It is the only registered sale of the unit.
How big is unit 702?
1,128 sqft (104.8 sqm): a two-bedroom apartment on the 7th floor of a 12-storey tower.
What is unit 702 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 1 sold for AED 2,250,000 to 2,250,000 in the last 12 months, around AED 2,115 per sqft.
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Mortgage on 702, Edgewater Residences 1
Starts from the last sale price (AED 2.28M, 1 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,281,711
- Deposit, UAE resident (20%)
- AED 456,342
- Deposit, non-resident (40%)
- AED 912,684
- Monthly over 25 years at 3.7%
- AED 9,335
Plus AED 100,841 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →