Reemah Elite Real Estate
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Projects·Dubai·Dubai Maritime City
Chelsea Residences by DAMAC Tower 1, apartments in Dubai Maritime City, Dubai, by DAMAC Properties
Off-PlanApartments

Chelsea Residences by DAMAC Tower 1

Dubai Maritime City · Dubai · by DAMAC Properties
Details are indicative, confirm with our desk before transacting
Price from
AED 2.96M
entry price
Bedrooms
1BR-3BR
Apartments
Handover
Q4 2029
Off-Plan
Est. gross yield
On ask

DAMAC Properties is building Chelsea Residences by DAMAC Tower 1, an apartment project in Dubai Maritime City, Dubai, offering 1BR-3BR. Its AED 2,961,000 entry is matched by 3 others of the 28 priced Dubai Maritime City projects we track. AED 710,640 gets it started, being the 20 percent booking of AED 592,200 alongside AED 118,440 of transfer fee, registration charges excluded. The keys are due Q4 2029, roughly 39 months away, by which point AED 1,776,600 of the AED 2,961,000 will have fallen due. 13 units were on the market between AED 2,050,000 and AED 5,403,000, counted in September 2026.

Why it makes the list
  • Launch price from AED 2,961,000
  • 60/40 payment plan
  • Handover Q4 2029
  • 1BR-3BR homes
Payment structure
60/40
Modelled on entry price AED 2.96M
Booking / down payment20% · AED 592,200
During construction40% · AED 1,184,400
On handover40% · AED 1,184,400

Payment plan as published on the developer's project listing, captured 2026-09-16. Confirmed with our desk before reservation. Figures shown against the entry price. Confirm the live schedule with our desk. Indicative, not financial advice.

Cost to entry
What it takes to secure a unit at Chelsea Residences by DAMAC Tower 1: the down payment plus government and trustee costs, before the mortgage question.
Down payment20%
AED 592,200
DLD fee4%
AED 118,440
Trustee + adminfixed
≈ AED 4,500
All-in entry estimate
AED 715,140
Down payment 20% + DLD 4% + trustee. Indicative, not financial advice.
Location
Dubai Maritime City · Dubai
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DA
Developer
DAMAC Properties
Tier 1 developer · 43,000+ units delivered across the Middle East · since 2002
Track record →
Data provenance

Details for Chelsea Residences by DAMAC Tower 1 are compiled from the developer’s published project listing, captured 16 September 2026. Figures are indicative and are reconfirmed against DAMAC Properties’s current inventory before any reservation. Spotted something out of date? Tell us and we will check it against the source.

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