Chelsea Residences

The newest tower to be launched at Chelsea Residences by DAMAC in Dubai Maritime City is Tower C. This new tower will feature 357 one-bedroom units, each ranging in size from 771 to 1,009 sqft and start at a price of AED 2,548,000. However, there will also be a few larger units within this tower, including a two-bedroom unit that is 1,158 sqft in size and a three-bedroom unit that is 2,855 sqft in size. The construction of this residential development is anticipated to be complete on 30 June 2030.

The units within this new residential development will be purchased through the 60/40 payment plan. This plan allows buyers to pay 5% of the unit's cost up front, 10% of the unit's cost at the first month's payment, and 5% of the unit cost at the third month's payment. At this initial period, 20% of the unit's cost will have been paid for by the purchaser. The remainder of the unit's cost will be paid for in additional instalments over the construction period of the Chelsea Residences, with 40% of the cost of the apartment to be paid at the time that the apartment is completed. Additionally, 4% will be paid to the Dubai Land Department upon the initial deposit for the apartment.

Chelsea Residences by Damac Dubai is a branded tower by DAMAC in partnership with Chelsea Football Club, located within Dubai Maritime City. Units start from around AED 2.55 million and feature Chelsea Football Club detailing in their interiors, with marine views from most of the residences. Dubai Maritime City sits on a peninsula between Mina Rashid and Port Rashid - a marine and lifestyle district with yacht clubs and frontage along the water's edge - and is within easy reach of Sheikh Rashid Road, Sheikh Zayed Road and Downtown Dubai. Maritime City Park, La Mer and the BurJuman cluster are all close by, in an area being positioned as one of Dubai's next waterfront addresses. Within the development, residents find pools, a Chelsea Football Club-designed fitness club, landscaped gardens and covered parking for one, two and three-bedroom apartments. Net rental yields range from 5 to 7 percent, and the resale case rests on the scarcity of branded waterfront stock. Construction is still early-stage, and the newest tower, Tower C, is anticipated to complete in June 2030. Buyers comparing DAMAC's coastal branded line-up can also look at Damac Casa.