New homes in Chelsea Residences start at AED 2,170,000; keys are due Dec 2029; you pay 20% to book, 40% while it is built and 40% at the keys.
In the 12 months to Oct 19, 2026, Dubai Land Department recorded 79 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in CHELSEA RESIDENCES BY DAMAC. Their median price is AED 3,205 per sq ft (about AED 2,477,000 at 773 sq ft). This project's from price is AED 2,807 per sq ft (AED 2,170,000 for its smallest home, 773 sq ft), 12% less.
Keys
Dec 2029
The developer's handover date
Payment plan
20 / 40 / 40
20% to book, 40% while it is built, 40% at the keys
Bedrooms
1 to 3 beds
Sizes
773 to 2,842 sq ft
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 2,807 per sq ft
Similar off-plan homes: AED 3,205 per sq ft
RERA project
3719
Check it in Dubai REST, the Dubai Land Department's official app.
Built
0%
Not started. DLD register, Jun 12, 2026
Completion on the register
Dec 2029
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
بنك دبي الاسلامي (شركة مساهمة عامة)
The bank that holds your payments
Registered homes
703
In 3 buildings
Paying for it
You pay 20% when you book, 40% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
20%
AED 434,000
Mar 2027
While it is built
5%
AED 108,500
Jul 2027
While it is built
5%
AED 108,500
Nov 2027
While it is built
5%
AED 108,500
Mar 2028
While it is built
5%
AED 108,500
Aug 2028
While it is built
5%
AED 108,500
Dec 2028
While it is built
5%
AED 108,500
Apr 2029
While it is built
5%
AED 108,500
Aug 2029
While it is built
5%
AED 108,500
Dec 2029
Keys
40%
AED 868,000
Booking payment, 20%
AED 434,000
Dubai Land Department fee (Oqood), 4%
AED 86,800
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 520,800
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask DAMAC Properties for the estimate.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 79 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in CHELSEA RESIDENCES BY DAMAC, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Dubai Land Department recorded 79 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in CHELSEA RESIDENCES BY DAMAC, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 3,205 per sq ft
AED 2,937 to AED 2,997 per sq ft
5 sales
AED 2,997 to AED 3,057 per sq ft
3 sales
AED 3,057 to AED 3,117 per sq ft
9 sales
AED 3,117 to AED 3,177 per sq ft
12 sales
AED 3,177 to AED 3,237 per sq ft
30 sales
AED 3,237 to AED 3,297 per sq ft
11 sales
AED 3,297 to AED 3,357 per sq ft
3 sales
AED 3,357 to AED 3,417 per sq ft
6 sales
AED 2,937 per sq ftAED 3,417 per sq ft
This project AED 2,807 per sq ft, below every sale
Half of the sales sold for AED 3,125 to AED 3,243 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 2,937 to AED 2,997 per sq ft
5
AED 2,997 to AED 3,057 per sq ft
3
AED 3,057 to AED 3,117 per sq ft
9
AED 3,117 to AED 3,177 per sq ft
12
AED 3,177 to AED 3,237 per sq ft
30
AED 3,237 to AED 3,297 per sq ft
11
AED 3,297 to AED 3,357 per sq ft
3
AED 3,357 to AED 3,417 per sq ft
6
The 3 closest sales
Picked from the 79 similar sales above, closest in size to this project's smallest home.
Nov 2025AED 2,410,000AED 3,123 per sq ftCHELSEA RESIDENCES BY DAMAC TOWER-B, 772 sq ft
Nov 2025AED 2,360,980AED 3,059 per sq ftCHELSEA RESIDENCES BY DAMAC TOWER-B, 772 sq ft
Nov 2025AED 2,267,000AED 2,937 per sq ftCHELSEA RESIDENCES BY DAMAC TOWER-B, 772 sq ft
Sale prices from Dubai Land Department, Oct 20, 2025 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Dubai Maritime City in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
1-bed apartmentFrom AED 2,170,000 here
Off-plan medianAED 2,411,000AED 3,044 per sq ft
Sales1,736
12% below 79 similar sales
2-bed apartment
Off-plan medianAED 4,058,000AED 2,891 per sq ft
Sales797
3-bed apartment
Off-plan medianAED 6,019,000AED 3,139 per sq ft
Sales188
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
3.5%
Median rent of 1-bed apartments in Dubai Maritime City
AED 74,999 a year
Rent contracts counted
186
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 74,999 a year
2-bed apartment
AED 106,999 a year
3-bed apartment
AED 143,999 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 74,999 ÷ AED 2,170,000 = 3.5%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Al Ghubaiba Metro Station3.3 km, 10 min driveMetro station
Nikki Beach3.6 km, 12 min driveBeach
New academy school4 km, 9 min driveSchool
GEMS Winchester School7.5 km, 14 min driveBritish school
Jumeirah Baccalaureate School6.8 km, 12 min driveIB school
The Indian High School7.1 km, 14 min driveIndian school
City Centre Al Shindagha3.2 km, 6 min driveMall
Aster Medical Centre (Aster Jubilee Medical Complex)4 km, 8 min driveHospital
Dubai World Trade Centre6.8 km, 12 min driveOffices
Chelsea Residences is a Chelsea-branded DAMAC Properties project of six towers in two phases in Dubai Maritime City, with one- to three-bedroom apartments from AED 2,170,000 and a listed handover of December 2029. The from price per square foot is about 12% below 79 one-bedroom off-plan sales in the project over the 12 months to October 2026.
The Dubai Land Department lists 79 one-bedroom off-plan sales in Chelsea Residences in the 12 months to October 2026. The from price per square foot is about 12% below their median. With six towers in two phases, ask which tower and phase your unit is in, and whether its handover date differs.
The plan is 20% on booking, 40% during construction and 40% at handover. At the from price that is AED 434,000, AED 868,000 and AED 868,000. The Land Department fee is 4% of the price, AED 86,800 at the from price.
Sizes run from about 773 to 2,842 sq ft overall. Kitchens are fitted, and homes have built-in wardrobes and double-glazed windows. Listed facilities include a Chelsea Football Simulation Room, the Chelsea Blue Beach Club, infinity pools, aerial yoga rooms, outdoor gyms, a jogging track, play areas and treatments such as cryotherapy.
By our map, Al Ghubaiba Metro Station is about 3.3 km away, around 10 minutes by car, and Dubai World Trade Centre about 12 minutes by car. Nikki Beach is about 3.6 km away. Ask DAMAC for the service charge estimate. The listing does not state the ownership type, so confirm it before you book.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
1 BR
2 BR
3 BR
How prices moved
Median price of 1-bed apartments in Dubai Maritime City, over the 12 months to each dateUp 28% from Dec 2024 to Sep 2026.
Dec 2024AED 2,384 per sq ft
Sep 2026AED 3,044 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 3,044 per sq ft
1,736 sales
Jun 2026
AED 3,050 per sq ft
2,609 sales
Mar 2026
AED 3,035 per sq ft
2,794 sales
Dec 2025
AED 2,981 per sq ft
2,884 sales
Sep 2025
AED 2,888 per sq ft
2,386 sales
Jun 2025
AED 2,545 per sq ft
1,824 sales
Mar 2025
AED 2,435 per sq ft
1,777 sales
Dec 2024
AED 2,384 per sq ft
2,092 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Which company is building Chelsea Residences?
DAMAC Properties. The six towers are in Dubai Maritime City.
How does the from price compare with other sales here?
The from price per square foot is about 12% below the median of 79 one-bedroom off-plan sales in this project over the 12 months to October 2026.
What would I pay at each stage?
At the from price: AED 434,000 on booking, AED 868,000 during construction and AED 868,000 at handover. The Land Department fee is 4% of the price, AED 86,800.
How big are the apartments?
One- to three-bedroom homes of about 773 to 2,842 sq ft overall. Check the floor plan for the unit you want.
When is handover?
The listed handover is December 2029. The project is built in two phases, so confirm the date for your tower.
What is in the shared facilities?
Infinity pools, the Chelsea Blue Beach Club, a Chelsea Football Simulation Room, aerial yoga rooms, outdoor gyms, a jogging track, play areas and wellness treatments.
