
Chelsea Residences 2 is the second phase of a premium residential project by Damac, located in the prestigious Dubai Maritime City. The development features three towers with a ground floor, two parking levels, and between 30 and 33 residential floors. The collection offers 1-, 2-, and 3-bedroom apartments designed with a focus on modern comfort and style. The architecture draws inspiration from the Chelsea Football Club, blending refined London aesthetics with Dubai’s resort-like energy. The facades feature flowing lines and contemporary glasswork that highlight the project’s coastal character. Interiors follow a biophilic concept, combining light color palettes with natural materials. Panoramic windows provide up to 270-degree views and fill each space with natural light, enhancing the sense of openness and tranquility. Residents enjoy access to an infinity pool, state-of-the-art gyms, a cinema, football simulator, spa center, podium with relaxation and meditation zones, pools for both adults and children, restaurants, cafés with healthy menus, and Chelsea Lion Beach with a coral reef. The project 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 2 launch basis | 2,792 | AED 2.51M | 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 2 by Damac Properties
Located in Dubai Maritime City
Starting from AED 2,513,000
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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