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.
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).
| 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 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 | ||
| 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.
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.
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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 AED 52,771 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →