License expires Apr 2026
M G S DEVELOPMENT L.L.C
License #1174811 · Registered 2023 · 0% avg completion
01Developer verdict
VERIFY
0 completed, 3 under construction. Verify delivery history before committing. Best performer: Edgewater Residences 3 (#164). License renewal due Apr 2026 — verify before committing to under-construction projects.
Top projects by rank: Edgewater Residences 3 (#164)
02Key numbers
Total projects
3
DLD registered
Completed
0
0% done
Under construction
3
in progress
Sales (12m)
160
transactions
Rent contracts (12m)
0
strong demand
Occupancy
0%
0 / 504 units
03Portfolio breakdown
3
projects
Completed0
Under construction3
Pending0
Recent completion track record
Edgewater Residences 22026
Edgewater Residencesin progress
Edgewater Residences 32026
04Risk assessment
caution
License expires before handover
License #1174811 expires Apr 2026, while several projects have handover dates in 2026–2028. Verify renewal plan before buying under-construction units.
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| Edgewater Residences 3activePalm Deira | #164 | — | +5.6% | — | 27.467 | Analyze project → |
| Edgewater ResidencesactivePalm Deira | — | — | — | — | 21.451 | Analyze project → |
| Edgewater Residences 2activePalm Deira | — | — | — | — | 22.199 | Analyze project → |
06Before you buy from this developer
critical
Verify license renewal plan
License #1174811 expires Apr 2026. Confirm renewal status before any commitment on active/pending projects.
verify
Check escrow account status
Verify financial guarantees and milestone payment structure for under-construction projects. Confirm funds are in RERA-regulated escrow.
verify
Confirm construction schedule
For active projects: verify current construction progress vs stated completion percentage. Request latest project timeline from developer.
context
Overall risk: MEDIUM
M G S DEVELOPMENT L.L.C has 0 completed projects. Completed projects carry lower developer risk than off-plan.
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