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Damac Properties · Maritime City

Chelsea Residences By DAMAC

Hot Handover Q4 2029Plan 20/40/40
Starting price
AED 2.32M
From 1BR
Price / sqft
1,088
AED, derived from PropertyFinder unit data
Rental yield
7%
gross p.a., Dubai avg
Capital appreciation
+15%
to handover (3.7y)
Popularity
82/100
demand index

About this project

Chelsea Residences is a high-rise waterfront development in Dubai Maritime City offering 1-, 2-, and 3-bedroom apartments with smart home technology and views of the Arabian Gulf. The project is part of a AED 5.3 billion infrastructure program aimed at transforming the area into a connected coastal hub.

Location and Connectivity

Situated between Port Rashid and central Dubai, the development is minutes from DIFC and Downtown Dubai via Al Mina Road and Bur Dubai. Metro stations and Dubai International Airport are nearby, with direct access to cruise terminals and marinas.

Design and Layout

All units feature open-plan layouts, gourmet kitchens, built-in wardrobes, central air conditioning, and balconies or terraces. One-bedroom apartments start at 773 sq ft, two-bedroom units at 1,158 sq ft, and three-bedroom apartments at 1,652 sq ft. The three-bedroom units include a maid's room.

Amenities

Residents have access to a private beach, rooftop terraces, temperature-controlled pools, spa and sauna, yoga and meditation areas, a fitness center, jogging tracks, landscaped gardens, co-working spaces, on-site retail and dining, and 24/7 concierge and security. Dedicated parking is provided.

Investment Outlook

The development targets professionals, families, and global investors seeking freehold ownership in a regeneration zone with limited supply and rising demand. Delivery is scheduled for December 2029, with prices starting from AED 2.32 million.

Indoor Swimming Pool
Landscaped Gardens
Cycle track
Gymnasium
Restaurants
Children's Play Area
Private Beach Access
Rooftop Terraces
Temperature-Controlled Swimming Pools
Spa
Sauna
Yoga Areas
Meditation Areas
Fitness Center
Jogging Tracks
Co-Working Spaces

Chelsea Residences By DAMAC completion date and handover

Chelsea Residences By DAMAC by Damac Properties in Maritime City, Dubai is scheduled for handover in Q4 2029 (October–December 2029). Construction is estimated at ~25% based on the developer's reported phase.

Chelsea Residences By DAMAC payment plan

The headline payment plan for Chelsea Residences By DAMAC is 20/40/40. See the full breakdown of booking, construction and post-handover instalments in the Financials tab.

  • Standard — Down Payment: 20% • During Construction: 40% • Handover: 40%

Chelsea Residences By DAMAC floor plans and unit types

Chelsea Residences By DAMAC offers 3 unit types:

1BR
811–811 sqft
from AED 2.32M
2BR
1,401–1,401 sqft
from AED 3.14M
3BR
2,132–2,132 sqft
from AED 4.94M

Chelsea Residences By DAMAC rental yield and price per square foot

Estimated gross rental yield: 7% p.a., benchmarked against current Maritime City rental data. Entry pricing works out to AED 1,088 – 6,096 per sqft, with estimated capital appreciation of 15% to handover.

Project facts

Ownership
Freehold
Government fee
4%
Property types
Apartment
Buildings
1
Expected completion
31 Dec 2029

Project timeline

  1. Expected Booking Date
    19 Jul 2025 · completed
  2. Construction Started
    20 Jul 2025 · completed
  3. Expected Completion
    31 Dec 2029

Construction progressestimate

ExcavationStructureFaçadeMEPHandover

~25% — estimated from construction phase.

Frequently asked questions

What is the payment plan for Chelsea Residences?
The payment plan requires a 20% down payment at launch, 40% in installments during construction, and the final 40% on handover in December 2029.
Where is Chelsea Residences located?
Chelsea Residences is in Dubai Maritime City, a waterfront district between Port Rashid and central Dubai.
When will Chelsea Residences be delivered?
The project is scheduled for completion and handover in December 2029.
Is Chelsea Residences a good investment?
The development offers freehold ownership in a government-backed regeneration zone with AED 5.3 billion in infrastructure investment. It is located near DIFC, Downtown Dubai, metro stations, and cruise terminals. The area has limited supply and rising demand, which may support capital appreciation and rental returns.
Who is developing Chelsea Residences?
Chelsea Residences is developed by DAMAC Properties, a Dubai-based real estate company known for luxury residential and commercial projects in the UAE and internationally.
What apartment types are available at Chelsea Residences?
The project offers 1-bedroom apartments starting at AED 2.2 million (773 sq ft), 2-bedroom units from AED 3.1 million (1,158 sq ft), and 3-bedroom apartments from AED 4.9 million (1,652 sq ft). All units feature modern interiors and waterfront amenities.
What is the starting price for Chelsea Residences?
The starting price is AED 2.32 million.
Is Chelsea Residences freehold or leasehold?
Chelsea Residences is freehold, allowing full ownership for both local and international buyers.