Chelsea Residences 2 By Damac

Key facts

Handover

Q4 2029

Status

Under construction

Construction progress

0%

Ownership

freehold

Property types

apartment

Availability

Available

How Chelsea Residences 2 By Damac compares

Entry here is AED 2.2M, against a median of AED 2.1M across the 31 priced projects in Maritime City, which puts it above 18 of them and below 12. The plan opens at 20% down, against a Dubai median of 10%, so it asks 10% more up front than the typical plan. Handover lands in Q4 2029, alongside 86 other projects completing in the same quarter. Damac Properties has 167 projects in our catalogue, 5 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

• Rooftop Football
• Leisure and Entertainment
• Beach Club
• Gymnasium
• Shared Spa
• Children's Pool
• View of Water
• Dining in building
• Lobby in Building

Location

Chelsea Residences 2 By Damac sits in Maritime City.

Master plan

The developer’s own site plan for Chelsea Residences 2 By Damac, showing how the buildings, roads and open space sit together.

What you pay, and when

The published payment plan is 20% on booking, 40% during construction and 40% at handover. At the AED 2,160,000 entry price, that is AED 432,000 to reserve a unit, AED 864,000 across the build, and AED 864,000 due on completion.

On top of the price, the Dubai Land Department charges 4% to register the sale, about AED 86,000 at this entry price. Under Dubai's Law 8 of 2007, that 20% booking payment goes into a RERA-supervised escrow account rather than to Damac Properties directly, and is drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 780 square feet at AED 2,160,000, which works out at AED 2,769 per square foot. Stated sizes run from 780 to 2,040 square feet.

Handover and construction

The published handover date is Q4 2029. Construction was last recorded at 0% complete.

Ownership and residency

Ownership at Chelsea Residences 2 By Damac is freehold: a buyer of any nationality can own a unit outright and hold the title deed. The entry price is at or above the AED 2,000,000 property threshold for the 10 year UAE golden visa, 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 2,160,000 and 3 bedroom units at AED 4,770,000, so one building covers a first rental purchase and a family home. Sales have not opened yet, so the published figures are launch guidance rather than a live price list.

What is on site

Among the shared facilities recorded for Chelsea Residences 2 By Damac are rooftop football, leisure and entertainment, beach club, shared spa, children's pool, view of water, dining in building and lobby in building, alongside the gymnasium that most Dubai developments carry. 3 floor plans are published for it.

Frequently asked