Chelsea Residences by DAMAC

Chelsea Residences by DAMAC is a freehold waterfront apartment project in Dubai Maritime City, registered with the Dubai Land Department as project 3719. It comprises three residential towers (G+2P+25, G+2P+28 and G+2P+30) with 703 one, two and three bedroom apartments, and handover is planned for December 2029.

The project is in Dubai Maritime City, on Plot 28 at the district's waterfront. DAMAC's project documents list J1 Beach at 14 minutes, City Walk at 15 minutes, the nearest Dubai Metro station at 18 minutes, Downtown Dubai at 22 minutes and Dubai International Airport at 23 minutes by car.

One bedroom apartments start from AED 2.17M ≈ USD 591K at approximately 773 to 778 sq ft (72 sq m). Two bedroom apartments start from AED 3.14M ≈ USD 854K at approximately 1,158 to 1,689 sq ft (108 to 157 sq m). Three bedroom apartments start from AED 4.94M ≈ USD 1.35M at approximately 1,652 to 2,842 sq ft (153 to 264 sq m). Final prices depend on tower, floor, layout and the developer's current release.

DAMAC's published launch plan is 60/40: a 20% deposit on booking plus the 4% DLD registration fee, then 1% per month for 40 instalments from month 3 to month 42 after booking, and the final 40% on completion. Instalments are timed from the booking date, not from calendar dates, so the schedule shifts with the day you reserve.

Handover is planned for December 2029, matching the 31 December 2029 completion date on the Dubai Land Department register. The project is currently at the enabling works stage, and each dated register reading and inspector note is tracked in the Chelsea Residences construction updates guide.

Yes. Every apartment type starts above the AED 2M ≈ USD 545K property investment threshold for the 10 year UAE Golden Visa, from AED 2.17M for a one bedroom apartment. The Chelsea Residences Golden Visa guide explains the eligibility steps for buyers.

Yes. Chelsea Residences by DAMAC is freehold property in Dubai Maritime City, open to buyers of all nationalities.

Yes. The full process, from reservation to the sales agreement and registration, can be completed remotely, and I manage it end to end with DAMAC on your behalf. Each stage of a remote purchase is documented in my Dubai real estate guide library.

Yes. Off plan payments go into the project's DLD-registered escrow account and are released to the developer against construction progress, a framework regulated by the Dubai Land Department. The Chelsea Residences escrow account guide explains how the account works for this project.

DAMAC Properties is the developer and is a Global Partner of Chelsea Football Club; that partnership gives the project its name, its club-themed amenities and its design references. The project is developed and sold by DAMAC, and nothing in the project documents presents the club as its builder, owner or manager.

It depends on the holding horizon. The main drivers are an entry price from AED 2.17M, a 60/40 plan that defers 40% of the price to completion, a branded product in a waterfront district, and a December 2029 handover that makes this a long hold. The trade-offs are the early construction stage and the years before rental income can start, so the project suits buyers planning to hold through completion rather than those seeking near-term income.