Chelsea Residences

Key facts

Handover

Q4 2029

Status

Under construction

Construction progress

1%

Property types

Apartments

Availability

Available

How Chelsea Residences compares

Entry here is AED 3.0M, against a median of AED 3.0M across the 12 priced projects in Maritime City, which puts it above 6 of them and below 5. The plan opens at 5% down, against a Dubai median of 20%, so it asks 15 points less up front than the typical plan. Handover lands in Q4 2029, alongside 55 other projects completing in the same quarter. DAMAC has 71 projects in our catalogue, 4 of them in Maritime City.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Treatment Spa
• Starlite Wellness Center
• Forest Relaxation Pods
• Rain Therapy
• Powerhouse Lounge
• Stamford Cinema
• Sunset Bar
• The Legends’ Walkway
• Infinity Beach Pool
• Lion Beach
• Coral Beach
• Kids Pool
• Kids Play Area
• Athletic Training Centre
• Outdoor Gym
• Jogging Track
• Football Stimulation Room
• Rooftop Pitch
• Cryotherapy
• Aerial Yoga Room

Location

Chelsea Residences sits in Maritime City.

Master plan

The developer’s own site plan for Chelsea Residences, showing how the buildings, roads and open space sit together.

What you pay, and when

The published payment plan is 5% on booking, 55% during construction and 40% at handover. At the AED 3,002,000 entry price, that is AED 150,000 to reserve a unit, AED 1,651,000 across the build, and AED 1,201,000 due on completion.

On top of the price, the Dubai Land Department charges 4% to register the sale, about AED 120,000 at this entry price. Under Dubai's Law 8 of 2007, that 5% booking payment goes into a RERA-supervised escrow account rather than to DAMAC directly, and is drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 921 square feet at AED 3,002,000, which works out at AED 3,260 per square foot. Stated sizes run from 921 to 2,052 square feet.

Handover and construction

Handover is set for Q4 2029. Construction was last recorded at 1% complete.

Ownership and residency

The 10 year UAE golden visa has a property threshold of AED 2,000,000, and the entry price is at or above it, so the cheapest unit in the development qualifies on its own.

Who it suits

The development is Apartments in 1 to 3 bedroom layouts. 1 bedroom units start at AED 3,002,000 and 3 bedroom units at AED 5,789,000, so one building covers a first rental purchase and a family home.

What is on site

Shared facilities recorded for Chelsea Residences take in treatment spa, starlite wellness center, forest relaxation pods, rain therapy, powerhouse lounge, stamford cinema, sunset bar and the legends’ walkway. 12 further facilities are listed in the full spec. The development holds 55 units in total. 12 floor plans are published for it.

Frequently asked