505, Edgewater Residences 2
Sold prices and rental history: sold once, by the developer in October 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 505, Edgewater Residences 2
What is 505 worth today?
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Source: Dubai Land Department. Updated 11 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 841 sqft
- Floor
- 5th of 12
- Parking
- 1
- Developer
- MGS Development
- Completed
- 2026
- Last sold
- AED 1.86M · October 2024
- Building
- Edgewater Residences 2
About 505, Edgewater Residences 2
505 is a one-bedroom apartment of 841 sqft on the 5th floor of Edgewater Residences 2, a 12-storey tower in Dubai Islands completed in 2026 by MGS Development . The developer sold it on 11 October 2024 for AED 1,859,387, or AED 2,210 per sqft.
No rental contract for the unit is registered on Ejari.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Edgewater Residences 2, and where 505 sits
All 18 1-beds →Over the last 12 months one-beds sold for AED 2,064,600 to 2,088,645, around AED 2,469 per sqft.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jul 202513 July 2025 | 1,098 sqft | 2,156,984 | 1,964 | ||
| 10 Jul 202510 July 2025 | 882 sqft | 1,920,378 | 2,176 | ||
| 10 Jul 202510 July 2025 | 841 sqft | 1,937,663 | 2,302 | ||
| 25 Feb 202525 February 2025 | 876 sqft | 2,049,007 | 2,338 |
Edgewater Residences 2
Building70 apartments, 1-bed to 3-bed over 12 floors in Dubai Islands, completed in 2026 by MGS Development . 2 sold in the last 12 months.
- Typical price per sqft
- AED 2,469
- Typical sale
- AED 2.08M
- Typical rent
- Few contracts
- Typical yield
Other units on the 5th floor
All 70 units in Edgewater Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,235 sqft | AED 2.57MAED 2,572,264 · Dec 2024December 2024 | ||
| 502 | 882 sqft | AED 1.96MAED 1,961,158 · Aug 2025August 2025 | |||
| 503 | 3-bed | 1,577 sqft | AED 3.12MAED 3,117,181 · Dec 2024December 2024 | ||
| 504 | 2-bed | 1,213 sqft | AED 2.51MAED 2,511,129 · Oct 2024October 2024 | ||
| 508 | 2-bed | 1,116 sqft | AED 2.2MAED 2,195,359 · Nov 2024November 2024 |
505, Edgewater Residences 2 in numbers
- Sold once: by MGS Development on 11 October 2024 for AED 1,859,387, or AED 2,210 per sqft.
- One-beds in Edgewater Residences 2 sold for AED 2,064,600–2,088,645 in the 12 months to November 2026; the building's median across all types is AED 2,469 per sqft.
Source: Dubai Land Department. Updated 11 October 2024.
Questions about 505, Edgewater Residences 2
What did unit 505 last sell for?
AED 1,859,387 on 11 October 2024, sold by the developer: AED 2,210 per sqft for 841 sqft. It is the only registered sale of the unit.
How big is unit 505?
841 sqft (78.1 sqm): a one-bedroom apartment on the 5th floor of a 12-storey tower completed in 2026.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Edgewater Residences 2 sold for AED 2,064,600 to 2,088,645 in the last 12 months, around AED 2,469 per sqft.
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Mortgage on 505, Edgewater Residences 2
Starts from the last sale price (AED 1.86M, 11 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,859,387
- Deposit, UAE resident (20%)
- AED 371,877
- Deposit, non-resident (40%)
- AED 743,755
- Monthly over 25 years at 3.7%
- AED 7,607
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →