Chelsea Residences 2 is an off plan project by Damac in Dubai Maritime City, Dubai, from 2,160,000 AED, with handover announced for Q4 2029. The Dubai Land Department recorded construction at 5.44%, buyer payments go to an escrow account at Abu Dhabi Commercial Bank and the developer has registered 958 homes.
Prices and payment plan
Payment plan, 1 bedroom20 / 40 / 40
Today20%532,000 AEDOn booking
Until Q4 202940%1,064,000 AEDDuring construction
Q4 202940%1,064,000 AEDOn handover
Total with fees2,766,420 AEDPrice 2,660,000 + land department fee 106,400 + 20 AEDSee the detail
Price2,660,000 AED
Dubai Land Department fee, 4%106,400 AED
Knowledge and innovation fees20 AED
Developer registration feeOn the developer invoice
Source: Dubai Land Department, units registered by the developer, file of 23 October 2026.
Price per sqft3,216 AED
Handover (developer)Q4 2029
RERA project number3743
Escrow accountAbu Dhabi Commercial Bank
Construction progress5.44% built
Completion date (registered)31 December 2029
Golden visaEligible, starting price at or above 2,000,000 AED
Nearest metro stationAl Ghubaiba, 3.3 km
Notephase 1 page, no dedicated page for phase 2
Service charges: 17 AED per sqft a year, official figure of 1 completed building in Dubai Maritime City, Dubai Land Department.
Source: Damac, official project page · damacproperties.com
Data dates
Developer prices29 September 2026
Dubai Land Department register18 October 2026
Sales registered up to2 November 2026
Property Radar score
out of 100
15 criteria measured
Highlights
Payments into an escrow accountDeveloper record: projects on timeNew-build price vs the same developer's secondary market
Good to know
Homes of this type in the projectEase of resale in the areaNet rental yield
See all 15 criteria
Payments into an escrow account10/10
escrow at Abu Dhabi Commercial Bank, status active
Developer record: projects on time9/10
60 of 62 ongoing projects still within their official end date
New-build price vs the same developer's secondary market8/10
+12.2% on 1 bedroom
Developer record: projects delivered8/10
94 delivered, 66 ongoing, 32 cancelled
Price per square foot vs the area8/10
3,216 against 3,041 AED per sqft in Dubai Maritime City
Handover date8/10
handover Q4 2029
Share of the price paid before handover6/10
60% of the price paid before handover
Size vs the area5/10
about 775 sqft against 775 sqft for the same type in Madinat Dubai Almelaheyah, Dubai Land Department
Construction progress3/10
5% built, 25% of the official construction time used
Nearest metro station1/10
Al Ghubaiba, 3.3 km
New-build price vs the secondary market1/10
+52% vs the area's secondary market
Developer record: cancelled projects0/10
32 cancelled of 192
Net rental yield0/10
1.8% net of service charges
Ease of resale in the area0/10
15 completed units resold in Dubai Maritime City over the last 12 months
Homes of this type in the project0/10
805 homes of this type registered in the project, out of 958
Market data, 1 bedroom
In short: priced 6% above the area, gross yield 2.4% a year.
Price per sqft, AED
Chelsea Residences 23,216Off plan in the area3,052All sales in the area3,041Completed resale in the area2,008
Gross yield2.4%rent 63,999 AED a year, median of 715 registered rents in Dubai Maritime City
Net yield1.8%After service charges
Same unit type, Dubai Land Department registered sales and rent contracts, Dubai Maritime City.
After you buy
1
Today
Book with 20%
Through a licensed expert, at the developer price.
2
Q4 2029, handover
Pay the last 40%
In cash or with a mortgage, up to 80% for residents.
3
After the keys
Rent it out
Long term or holiday home, managed for you.
Services from our selected partners. It never changes the score.
Prices in Dubai
Median price per sqft of completed apartments resold across Dubai. Dubai Maritime City has too few resales for a reliable series of its own.
Since 2023+30%
2026 against 2025+4%
AED per sqft. Dubai Land Department sales, data.dubai. 2026 up to 23 September.
Chelsea Residences 2 in short
Starting price
2,160,000 AED
Source: Damac or a property portal, September 2026. Confirm with the developer.
Payment plan
20% On booking40% During construction40% On handover
Handover
Handover is announced for Q4 2029.
On time?
60 of 62 ongoing Damac projects are still within their official end date, in the Dubai Land Department project registry.
How to buy
A broker licensed by the Dubai Land Department, from our partner agency, confirms the price list and the units still available, and handles the booking with you. The contact is free.
