Developer benchmark · July 2026

MGS off-plan projects: AED 2,758/sqft

MGS has 3 off-plan projects in our July 2026 dataset across 1 communities (most in Dubai Islands).

Across 191 priced unit records the median asking price is AED 2,758 per sqft (36% above the Dubai-wide off-plan median), with the middle half between AED 2,286 and AED 3,150.

The median unit is AED 3.33M for 1,219 sqft.

MGS payment plans typically ask 10% on booking and 60% before handover.

Its heaviest handover year is 2026 with 4 projects due.

#147 of 391 developers by projects#22 of 208 by AED/sqft3 projects191 priced unitsDubai 5

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Median AED/sqft

2,758

p25 2,286 to p75 3,150

Median asking price

AED 3.33M

for a median 1,219 sqft unit, in the AED 3M to 5M band

Paid before handover

60%

median of 6 payment plans

Communities

Dubai Islands

0 of 6 measures have the evidence to publish

Scorecard

3 off-plan, 2 on record as delivered

Completions on record

2025 to 2026, 2 handover years

Live off-plan

1 communities, 191 priced units

Price against neighbours

not measured

needs 5 comparable projects

Payment plan discount

not measured

needs 5 priced schedules

Measure	This developer	Base	What it says, and does not
Completions on record	2	3 off-plan	2 on record, below the 3 needed to describe a span or a cadence.

Not measured here: delivery span and cadence; share past stated handover; price against neighbours; payment plan discount; community footprint; listing completeness. Each of those needs a base this developer does not reach in the corpus, and a thin number is worse than none.

The scorecard does not measure whether MGS hands over on time. Every project in this corpus carries one handover date, the date its listing stated when we read it. There is no separately recorded original announced date and no earlier reading of the same project to compare against, so no on-time rate can be computed, and we publish none rather than a proxy. The completions column is also bounded by what the corpus can see: 1,034 of the 1,087 delivered buildings on record handed over in 2020 or later (96%), and the corpus only sees projects that were listed on the portals we read, so an absent completion is an absence of evidence rather than evidence of absence. Full definitions, queries and limitations: methodology.

Distribution of asking price per sqft

Where the prices sit

191 units, 2nd to 98th percentile

Min

1,295

p25

2,286

Median

2,758

Mean

2,774

p75

3,150

Max

4,744

185 of the 191 records are individual units with a listed price and size; the rest are unit-type starting prices. See methodology.

Price, size and AED/sqft

By bedroom count

Type	Units	Median AED/sqft	p25 to p75	Median price	Median size	Entry (p25 price)
1 BR	61	2,798	2,156 to 3,558	AED 2,630,331	846 sqft	AED 2,446,479
2 BR	95	2,738	2,344 to 2,910	AED 3,350,173	1,219 sqft	AED 3,149,682
3 BR	35	2,858	2,299 to 3,191	AED 5,652,910	1,978 sqft	AED 4,926,593

From 6 published plans

Payment plan norms

Median MGS structure

50%

40%

Dubai-wide median structure

20%

40%

30%

On bookingDuring constructionOn handoverPost-handover

Medians are computed stage by stage, so bars may not sum to exactly 100. Plans with a stated total outside 90 to 110% are excluded.

On booking

10%

range 10% to 10%

Before handover

60%

range 45% to 60%

Post-handover plans

share of plans

50% or less pre-handover

33%

share of plans

Scheduled handovers by quarter

Delivery pipeline

Q1 '25

Q3 '26

Q4 '26

By year: 2025 (1), 2026 (4). Construction status: under construction 3, completed 2.

Every community where its book is deep enough for its own benchmark

MGS by address

MGS in Dubai Islands 2,758/sqft

A community earns a page here at 25 or more priced records across two or more MGS projects. Each one holds the builder still and compares it with everyone else selling at the same address.

1 communities

Where MGS builds

Dubai Islands 5

3 tracked

Every MGS off-plan project

Open in the index

Project	Community	Type	From	Median AED/sqft	Pre-handover	Handover	Status
Edgewater Residences 1, 2 and 3	Dubai Islands		AED 2.18M	2,767	35%	Q4 2026	On sale
Edgewater Residences Phase 2 By MGS	Dubai Islands	Apartment	AED 1.95M	2,427	60%	Q3 2026	Booking Started
Edgewater Residences Phase 3 By MGS	Dubai Islands	Apartment	AED 1.95M	2,427	60%	Q3 2026	Booking Started
Edgewater Residences By MGS Development	Dubai Islands	Apartment	AED 1.10M	n/a	60%	Q3 2026	Sold out
Miami Beach Residence	Dubai Islands	Apartment	AED 1.49M	n/a	n/a	Q1 2025	On sale

Project facts (name, community, starting price, handover, payment plan) are as published by the developer. Median AED/sqft is our computation over that project's priced units.

Compare on AED/sqft

Developers at a similar price point

Developer	Projects	Priced units	Median AED/sqft	vs MGS	Pre-handover
Palma	7	179	2,751	0%	60%
MAG	11	278	2,746	0%	40%
Sobha Realty	97	6,022	2,775	+1%	60%
Major	4	158	2,718	-1%	60%
Casa Vista	1	64	2,799	+1%	50%
Tissoli	2	32	2,811	+2%	50%

FAQ

Questions this data answers

What is MGS's average off-plan price per sqft?+

Across 191 priced units in 5 MGS projects (July 2026), the median asking price is AED 2,758 per sqft, with the middle half between AED 2,286 and AED 3,150.

Where is MGS building off-plan?+

MGS has projects in 1 communities. The largest concentrations are Dubai Islands (5).

What payment plan does MGS usually offer?+

Across 6 published MGS payment plans the median structure is 10% on booking, 50% during construction and 40% on handover, so 60% before keys. 0% of plans include post-handover instalments.

When are MGS's off-plan projects handing over?+

Scheduled handovers by year: 2025: 1, 2026: 4. Dates are as published by the developer and can move.

How much does a MGS off-plan unit cost?+

1 BR: median AED 2,630,331 for 846 sqft; 2 BR: median AED 3,350,173 for 1,219 sqft; 3 BR: median AED 5,652,910 for 1,978 sqft.

The notes behind the numbers on this page