Chelsea Residences 1
Off-Plan

Chelsea Residences 1

From AED 2.39M·Handover Dec 2029·15% down payment Payment
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AED 2.39M
Starting Price
Dec 2029
Handover
15% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Chelsea Residences 1 is the first phase of a premium residential project by Damac, located in Dubai Maritime City. The development consists of three towers, each comprising a ground floor, two podium parking levels, and 25 to 30 residential floors featuring one- to three-bedroom apartments. The building’s design is inspired by the spirit of the legendary Chelsea Football Club, blending the elegance of London with Dubai’s coastal resort lifestyle. The façades are defined by fluid lines and modern glass architecture that reflect the project's seaside character. Interiors feature biophilic design, floor-to-ceiling windows offering up to 270-degree views, and a bright palette of natural materials that create a sense of space and tranquility. The layouts are thoughtfully designed for modern, comfortable living. Residents enjoy a wide range of amenities, including an infinity pool, fitness centers, cinema, football simulation room, spa, wellness and meditation zones, children’s and adult pools, gourmet restaurants, a health-focused café, and the Chelsea Lion Beach with a coral reef. All of this creates a unique environment for active and fulfilling everyday life. The complex is just 23 minutes from Dubai International Airport, 22 minutes from Burj Khalifa and The Dubai Mall, 14 minutes from J1 Beach, and 15 minutes from City Walk.

Project Specifications
DeveloperDamac Properties
LocationDubai Maritime City
Unit Types1 BR, 2 BR, 3 BR, Apartments
AreaDubai Maritime City
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 102,956 / year
Cash-on-Cash
2.2%
Levered cashflow AED 24,218
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 155,090 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Chelsea Residences 1 launch basis2,651AED 2.39MCurrent launch / asking basis
Dubai Maritime City ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Maritime City premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

15% down payment

Flexible Payment

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Amenities & Lifestyle

Dining outlets (coffee houses & restaurants)
Infinity pool
Kids Play Area
Lift
Lobby
Open air gym
Private beach access
SPA
Shared gym & fitness
Yoga studio

Location

Dubai Maritime City

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai Maritime CityDubai Maritime CityDubai, UAE

Developer Track Record

01

Chelsea Residences 1 by Damac Properties

02

Located in Dubai Maritime City

03

Starting from AED 2,386,000

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Dec 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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