Chelsea Residences 1
DAMAC Properties · 1BR, 2BR, 3BR · Dubai Maritime City, Dubai
Chelsea Residences 1 is a residential project by DAMAC Properties in Dubai Maritime City, Dubai, offering 1BR, 2BR, 3BR layouts. Prices start from AED 4,575,000. This is an off-plan purchase with expected completion in December 2029 on a 60 / 40 payment plan. The indicative gross yield band for this area and unit mix is 5.5% – 7%: below you will find the project data, investment fit, risks and frequently asked questions reviewed by an independent advisor.
Chelsea Residences 1 is a premium residential project by DAMAC Properties located in Dubai Maritime City, comprising three towers and various amenities.
Key facts
- Developer
- DAMAC Properties
- Area
- Dubai Maritime City, Dubai
- Property type
- 1BR, 2BR, 3BR
- Starting price
- AED 4,575,000
- Payment plan
- 60 / 40
- Expected completion
- December 2029
- Construction status
- Now selling
- Indicative gross yield
- 5.5% – 7%
Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Who this project fits
Chelsea Residences 1 typically fits buyers who prioritise location quality and value retention over immediate yield, across 1BR, 2BR, 3BR layouts in Dubai Maritime City, Dubai. Because it is off-plan, capital stays committed until handover and income starts afterwards. The indicative gross yield band for this area and unit mix is 5.5% – 7%.
Risks to weigh
As with any off-plan purchase, there is handover-delay risk and developer risk: check escrow, permits and delivery track record. The payment plan lowers the upfront outlay but commits future cash: stress-test it against your real cash flow. Incoming supply in Dubai Maritime City, Dubai can compress rents and prices in the short term; service charges, currency and financing costs all affect net yield. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Frequently asked questions about this project
How much does a unit at Chelsea Residences 1 cost?
Prices at Chelsea Residences 1 start from AED 4,575,000. The final figure depends on layout, floor and orientation — we pull the current price list from the developer for the specific unit you want.
Where is Chelsea Residences 1 located?
Chelsea Residences 1 is located in Dubai Maritime City, Dubai. We assess the area on rental demand, incoming supply and accessibility — not on project marketing.
What is the payment plan for Chelsea Residences 1?
The indicated payment plan is: 60 / 40. We verify the full structure, including milestones and the balance due at handover.
When is Chelsea Residences 1 expected to complete?
Expected completion is December 2029 (current status: now selling). Off-plan dates can slip, so we check construction progress and the developer's delivery record.
What yield can I expect at Chelsea Residences 1?
The indicative gross band for this area and unit mix is 5.5% – 7%. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Who is the developer of Chelsea Residences 1?
Chelsea Residences 1 is developed by DAMAC Properties. We review their delivery record, build quality and value retention before recommending it.
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