Developer · #158 by 12M value
M G S Development
Market bulletin · Thu, 22 Oct 2026
M G S Development: 0 sales worth AED 0 in 30 days
M G S Development recorded 0 sales worth AED 0 in the 30 days to Thu, 22 Oct 2026. Over the last week 0 sales were registered (AED 0), against 0 the week before.
By market over 12 months: developer off-plan sales 86.5%, off-plan resales 13.5%. Off-plan resales traded at a median 16.7% discount to developer prices per sqft.
M G S Development registered 52 sales worth AED 130M in 12 months across 1 communities, ranking #158 among Dubai developers by value. Its most active project was Edgewater Residences 3 - Building B (23 sales).
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | AED 2,796 |
| Feb 26 | AED 2,797 |
| Jan 26 | AED 2,635 |
| Dec 25 | AED 2,530 |
| Nov 25 | AED 2,871 |
| Oct 25 | AED 2,269 |
| Sept 25 | AED 2,351 |
| Aug 25 | AED 2,499 |
| Jul 25 | AED 2,313 |
| Jun 25 | AED 2,634 |
| May 25 | AED 2,551 |
| Apr 25 | AED 2,500 |
| Mar 25 | — |
| Feb 25 | AED 2,251 |
| Jan 25 | — |
| Dec 24 | AED 2,052 |
| Nov 24 | AED 2,003 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 0 |
| Sept 26 | 2 | 0 | 0 |
| Aug 26 | 0 | 1 | 0 |
| Jul 26 | 2 | 1 | 0 |
| Jun 26 | 1 | 0 | 0 |
| May 26 | 1 | 0 | 0 |
| Apr 26 | 2 | 0 | 0 |
| Mar 26 | 8 | 0 | 0 |
| Feb 26 | 6 | 1 | 0 |
| Jan 26 | 8 | 0 | 0 |
| Dec 25 | 6 | 4 | 0 |
| Nov 25 | 6 | 0 | 0 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 0 | — | AED 0 | — | — |
| Last 3 months | 3 | down 40.0% | AED 7.03M | — | — |
| Last 6 months | 8 | down 81.8% | AED 19.6M | 2,334 | down 16.5% |
| Last 12 months | 52 | down 68.7% | AED 130M | 2,707 | up 17.2% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Off-plan (developer) | 45 | 87% | AED 2.24M | 2,797 | up 20.4% |
| Off-plan resale | 7 | 13% | AED 1.70M | 2,329 | — |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 1 bedroom | 36 | 69% | AED 2.22M | 2,797 | up 11.9% |
| 2 bedrooms | 15 | 29% | AED 2.95M | 2,321 | up 7.5% |
| 3 bedrooms | 1 | 2% | — | — | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 4 | 8% | — | — | — |
| AED 2M–10M | 48 | 92% | AED 2.24M | 2,795 | up 21.5% |
Projects
By sales value, last 12 months
| Project | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Edgewater Residences 3 - Building BDubai Islands | 23 | — | — |
| Edgewater Residences 2Dubai Islands | 14 | — | — |
| Edgewater Residences 3 - Building CDubai Islands | 6 | — | — |
| Edgewater Residences 1Dubai Islands | 7 | — | — |
| Edgewater Residences 3 - Building ADubai Islands | 2 | — | — |
Where M G S Development sells
Sales in this scope only, last 12 months
| Community | Sales 12M | AED/sqft | Share |
|---|---|---|---|
| Dubai Islands | 52 | 2,707 | 100% |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 3.09M | 2 BR Apartment · 1,319 sqftEdgewater Residences 1 · Dubai Islands | 14 Sept |
| AED 2.24M | 1 BR Apartment · 846 sqftEdgewater Residences 3 - Building B · Dubai Islands | 10 Sept |
| AED 1.70M | 1 BR Apartment · 747 sqftEdgewater Residences 1 · Dubai Islands | 17 Aug |
Questions about M G S Development
How many properties were sold in M G S Development in the last year?
52 sales worth AED 130M were registered in the last 12 months: 87% developer off-plan, 14% off-plan resales and 0% secondary (ready) sales.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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