Chelsea Residences 2 by DAMAC: off-plan project in Dubai Maritime City
Chelsea Residences 2 by DAMAC is an off-plan residential apartment project in Dubai Maritime City, registered with the Dubai Land Department as project no. 3743 and developed by DAMAC Crest Development L.L.C. From October 16, 2025 to October 16, 2026, 320 off-plan sales were registered there at a median price of AED 2,650,500 (AED 3,202 per sq ft); 80% of sales fall between AED 2,368,600 and AED 3,693,024.
- 320off-plan sales in 12 months
- AED 2,650,500median sale price
- AED 3,202median price per sq ft
- 0%construction progress (DLD)
- December 2029end date in the register
- 958registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 3,202 per sq ft, Chelsea Residences 2 by DAMAC is in line with the median of off-plan sales across the 12 projects tracked in Dubai Maritime City (AED 3,202 per sq ft), and 81.1% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 320 off-plan sales in 12 months, about 27 a month; number 4 by sales in Dubai Maritime City over the period.
- Construction: 0% complete in the DLD register, construction had not started at the latest inspection; planned end December 2029.
- Profile: a concentrated project, 89.1% of sales are the same unit type (apartment · 1 bedroom).
Chelsea Residences 2 by DAMAC: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 3743 |
| Registered developer | DAMAC Crest Development L.L.C (developer no. 2117) |
| Master developer | Dubai Maritime City FZE |
| Community (master project) | Dubai Maritime City |
| DLD area | Madinat Dubai Almelaheyah |
| Register status | not started |
| Construction progress | 0% |
| Project start | September 29, 2025 |
| Planned end | December 31, 2029 |
| Registered units | 958 units |
| Buildings | 3 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
Chelsea Residences 2 by DAMAC off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · 1 bedroom, at a median AED 2,605,000.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · 1 bedroom | 285 | AED 2,605,000 | 2,356,800 – 2,985,636 | 72 m² (775 sq ft) | AED 3,218 |
| Apartment · 2 bedrooms | 29 | AED 4,653,120 | 4,288,192 – 5,316,800 | 154 m² (1,658 sq ft) | AED 2,842 |
| Apartment · 3 bedrooms | 6 | AED 5,580,500 | 5,490,830 – 5,793,000 | 190 m² (2,045 sq ft) | AED 2,728 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 1 bedroom: 89.1% of off-plan sales, with a median size of 72 m² (72 to 93 m² for 80% of them).
- Apartment · 1 bedroom: 89.1% (285 sales)
- Apartment · 2 bedrooms: 9.1% (29 sales)
- Apartment · 3 bedrooms: 1.9% (6 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
Chelsea Residences 2 by DAMAC off-plan price by quarter
The median off-plan price per sq ft moved from AED 3,176 in Q3 2025 to AED 3,111 in Q3 2026 (-2%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q3 2025 | 479 | AED 3,176 | — |
| Q4 2025 | 254 | AED 3,206 | +1% |
| Q1 2026 | 82 | AED 3,218 | +0.4% |
| Q2 2026 | 42 | AED 3,172 | -1.4% |
| Q3 2026 | 17 | AED 3,111 | -1.9% |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Dubai Maritime City
To gauge the rental market around Chelsea Residences 2 by DAMAC: annual rents of Ejari contracts registered in Dubai Maritime City over the last 12 months (129 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 14 | AED 64,913 | 58,750 – 70,500 |
| Apartment · 1 bedroom | 55 | AED 90,000 | 80,000 – 100,000 |
| Apartment · 2 bedrooms | 51 | AED 130,000 | 120,000 – 140,000 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is Chelsea Residences 2 by DAMAC?
Chelsea Residences 2 by DAMAC is in Dubai Maritime City (DLD area Madinat Dubai Almelaheyah), Dubai.
- Nearest metro station: Al Ghubaiba Metro Station
- Nearest shopping mall: Dubai Mall
- Nearest landmark: Burj Khalifa
Source: Dubai Land Department, reference points attached to registered sales.
Further reading
- All off-plan projects in Dubai Maritime City
- All DLD sales at Chelsea Residences 2 by DAMAC (new and resale)
- Dubai Maritime City property prices
- Dubai Maritime City rents
- All DAMAC Crest Development L.L.C projects
- Our developer guide
Other off-plan projects in Dubai Maritime City
- Breez by Danube — AED 3,492/sq ft
- Franck Muller Yachting — AED 2,583/sq ft
- Kanyon By Beyond — AED 2,889/sq ft
- Soulever' By Beyond — AED 3,774/sq ft
- Chelsea Residences by DAMAC — AED 3,120/sq ft
- Talea — AED 3,016/sq ft
- Oceanz 2 By Danube — AED 2,607/sq ft
- Prestige One Residences — AED 3,523/sq ft
Same budget elsewhere in Dubai (around AED 2,650,500)
- Aquora by Casa Vista Development, Palm Deira — AED 2,636,122
- Sobha Hartland - Crest Grande, Sobha Hartland — AED 2,651,301
- Sobha Central Phase I, DMCC EZ2 — AED 2,659,014
- Arya Residences by Citi Developers, Palm Deira — AED 2,618,470
- Beach Walk Grand 2 by Imtiaz, Palm Deira — AED 2,663,939
- Park Views Residences A, Wasl 1 — AED 2,604,777
Projects presented by Cevitas
Frequently asked questions
How much does a home at Chelsea Residences 2 by DAMAC cost?
Over the last 12 months, the 320 off-plan sales registered with the DLD show a median price of AED 2,650,500, or AED 3,202 per sq ft; 80% fall between AED 2,368,600 and AED 3,693,024. The developer's current prices are on its price list.
When will Chelsea Residences 2 by DAMAC be completed?
In the DLD project register (as of 15/06/2026), the project is "not started", 0% complete, with a planned end date of December 31, 2029. The handover date is confirmed by the developer.
Who is the developer of Chelsea Residences 2 by DAMAC?
The DLD register lists DAMAC Crest Development L.L.C (developer no. 2117), in a community developed by Dubai Maritime City FZE.
What unit types are sold at Chelsea Residences 2 by DAMAC?
Off-plan sales over the last 12 months cover: apartment · 1 bedroom (285), apartment · 2 bedrooms (29), apartment · 3 bedrooms (6). Best-selling type: apartment · 1 bedroom, at a median AED 2,605,000 for 72 m².
Has the price per sq ft at Chelsea Residences 2 by DAMAC changed?
The median off-plan price moved from AED 3,176 per sq ft in Q3 2025 to AED 3,111 in Q3 2026, based on DLD-registered sales.
How do I get the Chelsea Residences 2 by DAMAC price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.