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DAMAC Properties · Dubai Maritime City
Chelsea Residences by DAMAC
Sea view apartments in DAMAC's waterfront collection at Dubai Maritime City, created in partnership with Chelsea Football Club.
At the entry price this project clears the AED 2 million line for the 10 year Dubai Golden Visa through property. Joint buyers, check the share rule.
My take on Chelsea Residences
Tower C is the final tower in the Chelsea Residences collection. It stands at the end of the masterplan, so the apartments look over open water with more privacy than the towers behind. The remaining homes are one bedroom apartments of 771 to 1,009 square feet, with open kitchens and walk in wardrobes.
Branding gives a building recognition that an ordinary tower in the same district does not have, and here the brand is a Premier League club. That makes it an easy property to explain wherever you are buying from, and it gives the tower a natural pull with international tenants.
Who it suits
- Buyers who want a low amount down to secure a home
- Investors who value a recognisable brand on resale
- Those planning to refinance or sell around completion
What to weigh up
- Branded residences carry a premium over unbranded stock nearby
- The 40% balance falls due at handover in 2030
- Only a small number of homes remained when I last checked
Key details
- One bedroom apartments of 771 to 1,009 sq ft
- 5% on booking, 55% during construction, 40% on handover
- Completion expected in Q2 2030
- Athlete training centre, football simulation room, spa and cryotherapy
Gallery
Developer illustrations.
The 5/55/40 payment plan
Secures the apartment.
Spread across a build that runs to 2030.
Due at completion, expected in Q2 2030.
A 4% Dubai Land Department fee is paid alongside the deposit. How payment plans work.
Amenities
- Athlete training centre
- Football simulation room
- Spa
- Cryotherapy
- Sea views
About DAMAC Properties
DAMAC is one of the largest private developers in Dubai and is S&P rated. It is known for large master communities such as DAMAC Hills and DAMAC Lagoons, and for branded residences.
Chelsea Residences questions
What is the starting price at Chelsea Residences?
Chelsea Residences launched from about £525,000. This is a launch price and all homes are subject to availability.
When will Chelsea Residences be completed?
Completion is currently expected in Q2 2030.
What is the payment plan at Chelsea Residences?
The plan is 5/55/40: 5% on booking, 55% during construction, 40% on handover.
Where is Chelsea Residences?
It is at the tip of Dubai Maritime City, between Port Rashid and the older heart of the city, with Downtown, Jumeirah Beach and Dubai International Airport within easy reach.
Can overseas investors buy at Chelsea Residences?
Yes. It is in a freehold area, so foreign nationals can own in their own name, with no residency and no local partner. The whole purchase can be completed remotely.
