Chelsea Residences By DAMAC in Maritime City
Chelsea Residences By DAMAC · Maritime City, Dubai
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Launch Price
AED 2.32M
Property Type
Apartment
Bedrooms
1 - 3 Beds
Payment Plan
20/40/40
Handover
Q4 2029
Projected Yield
5.3 to 7.4%
With 1 - 3 beds layouts and a starting price of AED 2.32M, Chelsea Residences By DAMAC enters the Maritime City off-plan market. The payment plan is 20/40/40: 20% secures the unit, 40% is paid during construction, and 40% falls due at handover in Q4 2029. Coastal regeneration in this Dubai corridor has lifted rental values, with projected gross yields running 5.3 to 7.4%. MonthlyDubai can match you with Chelsea Residences By DAMAC and similar projects across Dubai based on your monthly instalment. Free, no agency fees.
Payment Plan Breakdown
From AED 20,622/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 20% | AED 464,000 Due on signing SPA |
|
| During Construction | 40% | AED 20,622/mo 45 monthly instalments |
|
| On Handover | 40% | AED 928,000 Due at Q4 2029 |
|
| Total | AED 2,320,000 | ||
On Booking
20%
AED 464,000
Due on signing SPA
During Construction
40%
AED 20,622/mo
45 monthly instalments
On Handover
40%
AED 928,000
Due at Q4 2029
Total
100%
AED 2,320,000
Questions about Chelsea Residences By DAMAC
What payment plan does Chelsea Residences By DAMAC offer?
Chelsea Residences By DAMAC uses a 20/40/40 payment plan. Buyers pay 20% at booking, with the remaining spread across construction and handover in Q4 2029.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Chelsea Residences By DAMAC fits your budget and send you comparable alternatives.
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