DAMAC Chelsea Residences Dubai Maritime City

Chelsea Residences is a waterfront project by DAMAC Properties at the crescent tip of Dubai Maritime City, built in partnership with Chelsea FC. It runs to more than 1,400 sea-facing homes in six towers, sold as Chelsea Residences 1 and Chelsea Residences 2, each of three towers, with one-, two- and three-bedroom apartments and Chelsea-themed sports and wellness facilities.

One-bedrooms start at AED 2.16 million (about Rs 5.56 crore) on the source listing, and DAMAC's own pages quote AED 2.17 million; two-bedrooms start at AED 3.14 million and three-bedrooms at AED 4.94 million. DAMAC describes a plan of 20% down, 1% a month during construction and 40% at handover, and gives handover as December 2029. This page costs the entry unit in full and sets out what is still missing from the public record.

At a glance

Price and unit pricing

We print AED 2.16 million because it is the source listing's figure and it agrees, within half a per cent, with DAMAC's own "from AED 2.17 million" for a one-bedroom. The two-bedroom and three-bedroom figures come from DAMAC's own blog on prices and payment plans. Because the project is sold in phases, the price of any unit depends on the tower and floor; DAMAC's price list on the day settles it.

What the sizes say

A re-check on 2026-09-28 found the entry sizes on portal and broker pages: about 773 sq ft for a one-bedroom (775 sq ft beside DAMAC's AED 2.17 million figure), about 1,158 sq ft for a two-bedroom and about 1,652 sq ft for a three-bedroom; one page also shows a larger three-bedroom of 264 sq m, about 2,842 sq ft. On those sizes the entry prices work out at about AED 2,712 to 2,990 per sq ft, the two-bedroom cheapest per foot. DAMAC's own floor plan for your unit settles the suite area. A broker page headlining a one-bedroom at AED 2.7 million most likely reflects a later phase's pricing.

The neighbours give the yardstick. At Breez by Danube the one-bedroom works out at about AED 3,234 per sq ft; resales at LIV Maritime are asked at about AED 2,462 to 2,808; Oceanz by Danube launched at about AED 2,350 to 2,560. Sources disagree on completed stock in the district, one putting it at AED 1,400 to 2,200 per sq ft and two others at about AED 3,021. At about AED 2,794 per sq ft, Chelsea's one-bedroom sits near the top of LIV Maritime's resale asks and below Breez's launch rate.

Payment plan and total cost

DAMAC's blog describes 20% as a down payment, 1% a month during construction and 40% at handover, with the 4% DLD fee payable alongside the deposit; portal pages write the same split as 20/40/40, or as 60/40 paid at 1% a month over 40 months. DAMAC's project page also advertises 1% monthly post-handover options, and one broker page quotes a 10% expression of interest on a 60/40 plan. These may belong to different phases; the SPA for your tower is what binds.

Worked example: the AED 2,160,000 one-bedroom, bought direct

The cash needed at booking is about AED 522,640 (about Rs 1.35 crore): the 20%, the DLD fee and the registration charges. A broker adds 2% plus VAT, AED 45,360. The monthly figure assumes the 40% runs as 40 instalments of 1%; with a December 2029 date the SPA may space them differently.

The handover payment is the one to plan for: AED 864,000 in one sum, which most buyers meet with cash or a UAE mortgage arranged near completion. Service charge: none is published for the project or for the district. Towers with a training centre, a spa and a rooftop pitch are not cheap to run, so get DAMAC's first-year budget per sq ft in writing.

Location and connectivity

Dubai Maritime City is a reclaimed peninsula off the old city, between Port Rashid and the Dubai Drydocks, with water on three sides. DAMAC places Chelsea Residences at its crescent tip, with direct Arabian Gulf frontage, and quotes 10 to 15 minutes to Downtown, DIFC and Bur Dubai. Other projects in the district quote 15 to 20 minutes to Downtown and to Dubai International Airport.

Sheikh Rashid Road and Al Mina Road are the two ways in, with Mina Rashid and Al Seef immediately behind. There is no Metro station inside the district; the nearest stations are on the Bur Dubai side, so this is a car address for now.

The district is a building site through 2029. Oceanz by Danube is due in 2027, LIV Maritime in Q4 2028 and Breez in 2029, and Chelsea Residences' own 1,400-plus homes add to the wave. That is good for shops and services in the long run, and hard on rents and resale prices in the year around handover. See all Dubai projects we track and the full projects list.

Amenities and specifications

The Chelsea partnership shows up in the facilities. DAMAC lists the Chelsea Athlete Performance Training Centre, a football simulation room, the Serenity Spa, rain therapy rooms and an underwater-themed children's play area. Broker pages add a rooftop football pitch, an infinity sand pool and an aqua gym.

The homes are one-, two- and three-bedroom apartments, sea-facing according to DAMAC, with what it calls premium interiors. Appliance brands, furnishing and parking are not published in the sources checked, so the SPA and its schedule of finishes are the binding list.

DAMAC's blog says buyers receive completion certificates and NOCs at handover and then register their title deeds with the DLD. DAMAC also claims net rental yields of 5% to 7% a year; that is the developer's figure, not a measured one, and it is before you know the service charge.

About the developer

DAMAC Properties, founded in 2002, says it has delivered more than 50,000 homes and has more than 54,000 under construction. It reported AED 36 billion of sales in 2025 and 8,800 handovers in the first half of 2026. Chelsea FC names DAMAC as its Official Property Development Partner, with DAMAC on the front of the club's shirt.

Branded towers are DAMAC's habit rather than an experiment: DAMAC Residenze in Dubai Marina, with Fendi Casa interiors, was finished in 2017. Independent reviews put DAMAC's average delay at 6 to 12 months past the SPA date. For Chelsea Residences, that means planning around 2030 rather than December 2029.

For Indian buyers

Ownership. Dubai Maritime City is freehold and open to all nationalities. The purchase is registered on Oqood now and becomes a DLD title deed in your name at handover; there is no annual property tax and no VAT on a residential sale.

Remittance. Each person can remit USD 250,000 per financial year under the LRS. The booking cash of about AED 522,640 is about USD 142,300, and the 1% instalments about USD 70,600 a year, so one person's allowance covers the build. The AED 864,000 due at handover is about USD 235,300, close to one person's full year, so a couple or a mortgage gives more room.

Golden Visa. The threshold is AED 2 million of property. The entry one-bedroom clears it by AED 160,000 and larger units clear it comfortably, which is this project's plainest advantage over cheaper towers nearby. Confirm with the DLD how an off-plan unit is treated; the DLD's valuation, not the price paid, is what counts.

Rent and tax. There is no rent until 2030 or so. District gross yields of 6% to 7.5% are quoted on completed stock bought at lower prices, and DAMAC's own claim is 5% to 7% net. Rent is taxable in India for a resident at your slab rate after the 30% standard deduction, and the UAE levies nothing on it.

Pros

• Every unit type clears the AED 2 M Golden Visa threshold, from the AED 2.16 M one-bedroom up
• 20% down, then 1% a month - about AED 21,600 a month on the entry unit
• DAMAC's scale: more than 50,000 homes delivered and 8,800 handed over in the first half of 2026
• Gulf frontage at the tip of the peninsula, with sea-facing homes
• Chelsea-themed facilities, including an athlete training centre and a football simulation room

Cons

• At about AED 2,700 to 3,000 per sq ft on the published sizes, it is priced near the top of the district
• Handover December 2029, and DAMAC's average delay of 6 to 12 months points to 2030
• More than 1,400 homes in six towers, completing alongside Breez's 1,000-plus - a supply wave at handover
• 40% at handover: AED 864,000 due in one payment on the entry unit
• DLD project numbers, escrow banks and service charge are not published
• What the Chelsea name adds to resale value is untested

Who this is for

• Golden Visa buyers who want a sea-facing unit above AED 2 M from a large developer
• Buyers who can put 24% down and fund 1% a month
• Football fans who will use the Chelsea-themed facilities
• Long-horizon investors comfortable with a 2029-2030 handover

Who should look elsewhere

• Anyone who needs keys or rent before 2030
• Buyers who want to judge value per sq ft before booking
• Investors who cannot ride out a large supply wave at handover
• Buyers who need most of the price to fall after handover

Our verdict

Chelsea Residences is DAMAC's big bet on Dubai Maritime City: six towers and more than 1,400 homes at the tip of the peninsula, sold on the Chelsea FC name. Its strongest practical point is that the entry one-bedroom, at AED 2.16 million, already clears the Golden Visa threshold, and the 20% plus 1% a month structure keeps the monthly outlay near AED 21,600. The weakest is the price per foot: on the sizes the portals print, about AED 2,794 for the one-bedroom, it sits near the top of LIV Maritime's resale asks and below Breez. DAMAC's delivery scale is real, but so is its record of 6 to 12 months' delay, and a December 2029 date lands in the same window as Breez's 1,000-plus homes. The DLD numbers and service charge are the other gaps to close.

A reasonable buy for a Golden Visa buyer who wants a sea-facing, branded unit in Dubai Maritime City and can wait until about 2030. Get the floor plan with the suite area, the tower's DLD number and escrow bank, and the SPA's payment schedule before paying anything. If price per foot or an earlier handover matters more, compare LIV Maritime's resales and Oceanz first.

Talk to Realty Hunting for the current price list, the developer's latest payment plan and a site-visit plan.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of DAMAC Chelsea Residences?

One-bedrooms start at AED 2.16 million (about Rs 5.56 crore) on the source listing, and DAMAC quotes AED 2.17 million, about USD 591,000. Two-bedrooms start at AED 3.14 million and three-bedrooms at AED 4.94 million. DAMAC's price list on the day settles the unit and floor you choose.

What is the payment plan for DAMAC Chelsea Residences?

DAMAC's blog describes 20% down, 1% a month during construction and 40% at handover, with the 4% DLD fee paid alongside the deposit. DAMAC also advertises post-handover options, and one broker quotes a 10% expression of interest on a 60/40 plan; the SPA sets yours.

When is the handover for DAMAC Chelsea Residences?

December 2029, per DAMAC. The project is sold in phases across six towers, so ask for your tower's date, and allow for DAMAC's average delay of 6 to 12 months past the SPA date.

What are the unit sizes?

Portal and broker pages give one-bedrooms of about 773 to 775 sq ft, two-bedrooms of about 1,158 sq ft and three-bedrooms of about 1,652 sq ft, with one page showing a larger 264 sq m three-bedroom. DAMAC has not published them in the sources checked, so get the suite area of the exact unit from its floor plan before booking.

Does DAMAC Chelsea Residences qualify for the Golden Visa?

The threshold is AED 2 million of property, and the entry one-bedroom at AED 2.16 million clears it by AED 160,000; every larger unit clears it comfortably. Confirm with the DLD how an off-plan unit is treated, and note that the DLD's valuation, not the price paid, is what counts.

Can an Indian resident buy at DAMAC Chelsea Residences?

Yes. Dubai Maritime City is freehold and open to all nationalities. Under the LRS each person can remit USD 250,000 a financial year; the entry unit's 20% deposit, DLD fee and registration come to about USD 142,300, and the 1% monthly instalments to about USD 70,600 a year.

Compare with other Dubai projects

Also in Dubai Maritime City: LIV Maritime (from AED 1,710,000, handover 2028), Orise by Beyond (from AED 1.7 M, handover 2028), Harbour Lights (from AED 1.58 M, handover 2027) and Anwa Aria (from AED 1.5 M, handover 2026).

More by DAMAC: Sapphire (from AED 2.16 M, handover 2029), Damac Ibiza (from AED 2.1 M, off-plan) and Damac Sun City (from AED 2.25 M, handover 2028).

A similar budget elsewhere in Dubai: Ellington Views II (from AED 2,160,828, handover 2027), Emaar South Beach (from AED 2.19 M, ready) and Eltiera Views (from AED 2.2 M, handover 2029).

Read next: DAMAC Projects in Dubai: Prices, Clusters and the Delivery Record · Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · The Dubai Golden Visa Through Property. Every Dubai project we track is listed on the Dubai section.