
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Chelsea Residences 1 launch basis | 2,651 | AED 2.39M | Current launch / asking basis |
| Dubai Maritime City ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Dubai Maritime City premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |

























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Astraterra Properties
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Dubai Maritime City
Chelsea Residences 1 by Damac Properties
Located in Dubai Maritime City
Starting from AED 2,386,000
Unit mix includes 1 BR, 2 BR, 3 BR, Apartments
Expected handover: Dec 2029
Official brochure and PDF marketing materials available
Official render/gallery images available
Limited units available · Direct developer pricing · Serious buyer routing
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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